📋 Tender Overview
Region: East Asia and Pacific
Total Project Cost: US$ 573.39 million
Borrower: PEOPLE~S REPUBLIC OF CHINA
Approval Date (as of board presentation): December 14, 2018
The project development objective of HCFC Phaseout Project for China is to reduce HCFC production and consumption, as well as to avoid and reduce the use of high global warming controlled substances in the consumption sector and the emissions of greenhouse gases from the production sector. This project has five components. 1) The first component, Investment in the Reduction of the Consumption of Controlled Substances, aims to finance foam enterprises. 2) The second component, Investment in the Reduction of the Production of Controlled Substances, aims to compensate HCFC producers. 3) The third component, Technical Assistance and Policy Support, aims to support the phase-out of controlled substances in the foam sector including support related to research, identification and testing of potential substitutes for HCFCs, revision or development of technical and safety standards, and training of stakeholders to develop the technical capacity for the conversion to new alternative technologies. 4) The fourth component, Project Management, aims to create provision of technical assistance through a project fee to improve the capacity of FECO and the project management office (PMO) to manage, supervise, coordinate, monitor and evaluate the implementation of the project. 5) The fifth component, Preparation of Phase-out and Emissions Reduction Activities, aims to Scope and prepare of activities and relevant studies for follow-on projects will be commissioned as needed on HCFC phase-out as well as HFC phase down in order to avoid the use of high GWP controlled substances consistent with the Kigali amendment.
The project development objective is to reduce HCFC production and consumption, as well as to avoid and reduce the use of high globa l warming controlled substances in the consumption sector and the emissions of greenhouse gases from the production sector.
