The Rt. Hon. Amber Rudd MP, Secretary of State for Energy and Climate Change, has used the current trade mission to China as an opportunity to present representatives of the China Clean Development Mechanism Fund (CCDMF) with a Chinese translation of the UK Green Investment Bank's Green Investment Handbook.
The handbook outlines the practical tools we use on a daily basis to assess, monitor and report the green impact of our investments.
It includes a series of guidelines, checklists and templates, from guidance on due diligence and how we assess risk to reporting frameworks and details of how we give context to our green impact calculations.
Shaun Kingsbury, Chief Executive of the UK Green Investment Bank, said:
The handbook sets out how we ‘do green’ at the Green Investment Bank. It is our manual, outlining and explaining the practical tools we use day-in, day-out. I hope it will make a significant contribution to the wider movement to improve the standardisation of green impact assessment across the investment community.
Chen Huan, Director General of the China Clean Development Mechanism Fund, said:
International cooperation has been a core part of the CDM Fund and as such I am pleased we are working with fellow innovator the UK Green Investment Bank. Its handbook on green investing is a comprehensive yet immensely practical guide. It has made a difference internationally and we are delighted to be promoting it together with the GIB in China.
Amber Rudd, Secretary of State for Energy and Climate Change, said:
Harnessing private sector investment is critical if we are to meet the climate change challenge in the most cost effective way. The UK’s Green Investment Bank has proved to be a successful and innovative mechanism and will push capital into the UK’s green economy. I am delighted that we are now sharing the GIB’s experience with China to support its transition to a greener low carbon economy.