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The United Nations Industrial Development Organization (UNIDO) Green Silk Road Program initiation cum symposium is held during the second China-Eurasia Expo in Urumqi, northwest China’s Xinjiang Uygur Autonomous Region, Sept. 3, 2012. The theme of the project is promoting inclusive green industrial growth along the New Silk Road. (Xinhua/Jiang Wenyao)
First PE fund for Green Silk Road launched in Beijing
by China.Org
The success of the Green Ecological Silk Road Investment Fund would demonstrate land degradation neutrality is an achievable, measurable and compelling goal the world can get behind. (Monique Barbut, Executive Secretary of the UNCCD)
The first-ever private equity fund aimed at improving the ecological environment of the Silk Road Economic Belt was initiated Sunday in Beijing.
The Green Ecological Silk Road Investment Fund will back projects on ecological solar panel construction, clean energy and ecological remediation in China and other countries along the Belt.
The fund, which has first round investment of 30 billion yuan (US$ 4.8 billion), was launched by several top enterprises in China including Elion Resources, China Oceanwide, Chint Group, Huiyuan Juice, Macrolink, JuneYao, Ping’an Bank and Sino-Singapore Tianjin Eco-city.
For its first project, the fund will use 5 billion yuan (US$ 790 million) in investment capital to establish an ecological solar panel industrial chain in the corridor between Beijing and the city of Zhangjiakou in Hebei province. This will help create a renewable economy for electricity generation, tree planting, grass planting and farming.
Wang Wenbiao, chairman of Elion Resources, believes this is a very promising opportunity to allocate more funds into greening the Belt. “Utilizing the PPP [public-private partnership] mode, we are willing to promote green investment along the Belt. Some experts say that energy and environmental fields will be top priorities of the Belt. It’s estimated that over US$5 trillion will be injected into the energy sector by China in the next 10 years,” he said.
Read the full article: Eco-Business
See also: IISD
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