World Bank Approves UrbanShift’s Local Project in China

Earlier today, the World Bank Group's Board of Directors approved the China - GEF7: Green and Carbon-Neutral Cities Project, using a $26.91 million grant from the Global Environment Facility (GEF).

This project is one of nine country projects that form part of the GEF-7 UrbanShift program. It aims to integrate biodiversity conservation and nature-based solutions into the development process of participating cities in China and create a pathway towards carbon neutrality. The participating cities include Chongqing, Chengdu and Ningbo.

The China - GEF7: Green and Carbon-Neutral Cities Project consists of three components:

1. Strengthen the high-quality development framework with a focus on promoting ecological and biodiversity conservation and carbon neutrality;
2. Support integrated solutions to biodiversity and climate change, planning for and investing in nature and carbon neutrality;
3. Support knowledge-sharing, capacity-building, and project management.

The implementing agencies for this project are the cities of Chongqing, Chengdu and Ningbo, and the China Center for Urban Development under the National Development and Reform Commission (NDRC). The project will operate from 2022-2027. For more information, visit UrbanShift's China Project Page.

(Source: Ministry of Finance, People’s Republic of China)