Ecological Compensation and Green Development Institutional Reform in the Yangtze River Economic Belt

In 2018, the Asian Development Bank (ADB) collaborated with the China Council for International Cooperation on Environment and Development (CCICED) to launch a Special Policy Study (SPS). This study aims to share the Yangtze River Economic Belt’s (YREB) knowledge on natural capital and ecological services accounting tools as well as greening finance instruments for policy-makers. In 2020, the project will continue to deepen the research on green development system reform, focus on resolving the lack of ecological compensation standards and green financial innovation, adjust the research direction according to the policy recommendations of the previous year, focus on natural ecological capital accounting (NECA) and green financial policy innovation research, and provide scientific support for the high quality development of the YREB and the Yellow River. Four overall goals of this project are to (i)summarize national and international practices and trends on ecological capital accounting and eco-financing, (ii) examine the challenges of their application at the policy level, (iii) draw on best practices to outline the implications for China, and (iv) provide scientific support to integrate NECA into the strategic decision-making mechanism of the YREB and the Yellow River.

Task Force: National Green Governance System Topic: Water and Oceans Year: 2020 Phase: Phase VI (2017-2022) Concluded