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Lesson
Apart from offering concessional interest rates,ADB and China National Investment and Guaranty Corporation (I&G) could explore providing enhanced value-added services for ongoing and future financial intermediation loan initiatives in air quality improvement or climate change programs. The global economic slowdown dampened enthusiasm for green investments, while the rise in euro interest rates and the reduction of yuan lending rates since 2022 presented additional challenges for green financing eligible subprojects within the greater Beijing–Tianjin–Hebei region.

Project Number: 50096-002
Project Name: Air Quality Improvement in the Greater Beijing–Tianjin–Hebei Region—China National Investment and Guaranty Corporation’s Green Financing Platform Project
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Lesson
It is a good practice to provide relevant macroeconomic data to highlight the significance of environmental improvements. In the case of this project, the generation of secondary macroeconomic data, at the very least, could have strengthened the preliminary assessment of the project’s development impact. In discussing impacts of climate mitigation project and the co-benefits of air pollution reduction, it would be worthwhile to link these up with macro data.

Project Number: 47051-002
Project Name: Chemical Industry Energy Efficiency and Emission Reduction Project
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Lesson
When a project provides substantial climate mitigation and environmental benefits, a project economist with strong background and experience in environmental valuation method can undertake the project economic analysis at appraisal. Usually, energy efficiency improvement projects have very low pay back periods and high economic internal rate of return. ADB should investigate the ways in which it can formalize the use of carbon prices in energy efficiency project economic analysis.

Project Number: 47051-002
Project Name: Chemical Industry Energy Efficiency and Emission Reduction Project
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Lesson
For pilot projects whose location is characterized by harsh conditions, a more conservative and realistic schedule for completion and commissioning is more appropriate to ensure success.

Project Number: 46058-002
Project Name: Qinghai Delingha Concentrated Solar Thermal Power Project
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Lesson
Decisions to invest further in concentrated solar thermal power projects, which are capital intensive, critically depends on the feasibility of the location and assessment of environmental risks, as well as the comprehensive and well-justified identification, quantification, and valuation of economic benefits.

Project Number: 46058-002
Project Name: Qinghai Delingha Concentrated Solar Thermal Power Project
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Lesson
A well-designed project performance management system is useful in facilitating the identification, quantification, and valuation of economic benefits.

Project Number: 46058-002
Project Name: Qinghai Delingha Concentrated Solar Thermal Power Project
Report Date:
Lesson
Shifts in the types of projects can affect the financing products that may be supported under the clean energy financing (CEFP) platform. At project design, the CEFP was planned to provide three types of financing products: entrusted loans, guarantee funds, and lease financing facilities. During implementation, only entrusted loans were utilized. The other two financing products were not used because of shifts in the types of projects which did not require guarantees and lease financing.

Project Number: 48452-004
Project Name: Shaanxi Accelerated Energy Efficiency and Environment Improvement Financing Project
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Lesson
Upgrading and retrofitting for energy efficiency improvements during the production process may result in mutual interactions and uncertain impacts, which can cause implementation delays and safety risks. These factors should be noted by future device-upgrading projects in factories; for example, factories should be equipped with more safety and environmental protection personnel, and enough time should be reserved for projects that include upgrading of production processes.

Project Number: 47051-002
Project Name: Chemical Industry Energy Efficiency and Emission Reduction Project
Report Date:
Lesson
Technology innovations need to be encouraged, but caution requires that innovations be verified during implementation. The verification may entail additional trials and time, which could lead to longer implementation periods.

Project Number: 47051-002
Project Name: Chemical Industry Energy Efficiency and Emission Reduction Project
Report Date:
Lesson
Climate change can negatively impact the performance of solar power plants and this needs to be considered in planning and implementing similar projects. In the past 3 years, due to climate change, the project encountered more cloudy and rainy days than estimated at project appraisal. This has caused less solar direct irradiation, negatively impacting electricity generation. This experience may be useful in planning and implementing future solar projects.

Project Number: 46058-002
Project Name: Qinghai Delingha Concentrated Solar Thermal Power Project
Report Date:
Lesson
Extensive consultations during project design and implementation strengthen stakeholder ownership of and responsibility for projects in turn enhancing their prospective impact and potential for success. During processing and implementation, consultation meetings with stakeholders at various levels were held on the project’s design, construction, safeguards, job opportunities, and ethnic minority and social impacts.

Project Number: 46058-002
Project Name: Qinghai Delingha Concentrated Solar Thermal Power Project
Report Date:
Lesson
The government’s commitment and ownership strengthen the project’s credibility. Providing timely response and adequate support from start-up to completion are critical in overcoming the implementation difficulties in various occasions. For instance, the PMO’s leadership could have helped ensurethat assistance was provided on time to implementing agencies. This, in turn, would help in easing delays in the procurement activities and implementation of subprojects.

Project Number: 42383-023
Project Name: Shanxi Small Cities and Towns Development Demonstration Sector Project
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Lesson
A project’s medium-term review (MTR provides an opportunity to reassess and modify a project’s DMF, in terms of realistic performance targets, configuration of components and/or outputs, subprojects’ selection, and timeframe of implementation. Project team could strive to review all project’s aspects during an MTR in addition to focusing on project administration and changes in scope.

Project Number: 42383-023
Project Name: Shanxi Small Cities and Towns Development Demonstration Sector Project
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Lesson
Assessing environmental policies and plans to address air quality at project design can optimize the choice of energy efficient technologies. An in-depth assessment on the state of the enabling and regulatory environment during project preparation helps identify the most efficient technology.

Project Number: 40634-013
Project Name: Inner Mongolia Autonomous Region Environment Improvement Project (Phase II)
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Lesson
Setting-up, collection, and reporting of baseline and performance indicators are essential to strengthen a project’s monitoring framework. Well-defined outputs and outcome indicators, targets, and baselines specific to project intervention areas improve project monitoring and results evaluation (e.g., reporting outcome or output indicators outside project areas hinders the attribution of results to the project).

Project Number: 40634-013
Project Name: Inner Mongolia Autonomous Region Environment Improvement Project (Phase II)
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