CCCFL - SHANDONG COASTAL SHELTER FORESTS

Projektträger – zwischengeschaltetes Finanzinstitut

PUBLIC ENTITY(IES)

Ort

• China

Beschreibung

The project is to afforest 31,125 ha of barren forest land and abandoned agricultural land, and rehabilitate 245 ha of burned and degraded forest land. The total project area is 31,370 ha and the project areas are located in 15 counties of the Shandong Province. The project is an allocation under the China Climate Change Framework Loan (CCCFL) (2006-0086).

Ziele

The project objectives are aligned with CCCFL targets of climate change mitigation by sequestering carbon and decreasing CO2 emissions. Adaptation to climate change is addressed by increasing forest areas and their resilience to changing weather conditions. The project thus delivers an important contribution to the Bank's Climate Action objective. The project contributes to the socioeconomic development of the Shandong Province with a focus on remote rural areas and villagers living in poverty.

Sektor(en)

• Landwirtschaft, Fischerei, Forstwirtschaft - Land- und Forstwirtschaft, Fischerei

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 33 million

Gesamtkosten (voraussichtlicher Betrag)

EUR 66 million

Umweltaspekte

The project is to plant over 30 native tree species on bare or abandoned forest lands, and on areas of the Yellow River delta which are subject to salt formation and desertification. The goal is to improve the structure and resilience of degraded forest land and habitats, so as to withstand harsh climatic conditions in Shandong Province, which is classified as a marine disaster-prone province in China. The project advocates environmentally and socially sustainable management and supports related capacity-building.

Auftragsvergabe

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Projektstatus

Genehmigt - 24/07/2015