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United Nations Department of Economic and Social Affairs Sustainable Development

JUCCCE: Increase financing options for clean energy projects

#SDGAction38956
Description
Description
JUCCCE's Green Municipal Bonds initiative will increase access to electricity, energy efficiency & renewable energy generation by leveraging China's emerging muni bond market to fund green projects.



Bringing innovative green financing to cities is one of JUCCCE's major goals as we train government officials across China on how to build sustainable cities.
Implementation of the Project/Activity

Green Municipal Bonds can help cities fund the rapid transition to a sustainable economy by providing lower risk investment products for large institutional investors. With the recent introduction of pilots for municipal bonds, China is now uniquely poised to open up to a trillion+ USD market to green municipal finance as a way to fund green projects. JUCCCE's ongoing mayoral training program is a unique channel to catalyze this concept with municipal authorities who are searching for financing for the sustainability initiatives.

Partners
To be determined

Open to additional Partners

Goal 7

Ensure access to affordable, reliable, sustainable and modern energy for all

Goal 7

7.1

By 2030, ensure universal access to affordable, reliable and modern energy services

7.1.1

Proportion of population with access to electricity

7.1.2

Proportion of population with primary reliance on clean fuels and technology

7.2

By 2030, increase substantially the share of renewable energy in the global energy mix
7.2.1

Renewable energy share in the total final energy consumption

7.3

By 2030, double the global rate of improvement in energy efficiency
7.3.1

Energy intensity measured in terms of primary energy and GDP

7.a

By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology
7.a.1

International financial flows to developing countries in support of clean energy research and development and renewable energy production, including in hybrid systems

7.b

By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States, and land-locked developing countries, in accordance with their respective programmes of support

7.b.1

Installed renewable energy-generating capacity in developing and developed countries (in watts per capita)

JUCCCE will, along with its partners, make policy recommendations for continued reform for a transparent municipal bonds market. It will outline market-based opportunities to use Green Bonds to meet China's national targets for energy efficiency, emissions reductions and renewable energy generation.
By providing training through Chinese government training academies, JUCCCE will have trained and worked with 100 mayors and other government officials to leverage municipal bonds to finance green projects. Examples include energy efficiency retrofits for state owned industry, building renewable energy generation, and mass transport infrastructure.
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False
Action Network
Sustainable Energy for All (SE4All)
This initiative does not yet fulfil the SMART criteria.
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Timeline
01 January 1970 (start date)
01 January 2015 (date of completion)
Entity
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SDGs
7
Geographical coverage
China
More information
Countries
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Contact Information