The China Clean Development Mechanism Fund is a national climate fund that supports low carbon growth and climate resilience in China. It is a revolving fund that receives regular capital injections from levies collected by the government on clean development mechanism projects in China. The revenues collected by the Fund are specifically earmarked to finance climate actions in China. The revenues are mainly used to finance investment programs to leverage additional resources from the private sector and to test innovative financial and economic instruments to support actions to address climate change.

To tell us more, we are joined by Jiao Xiaoping, Deputy Director General of the China CDM Fund.