[2019/03/29] The 2019 MIECF Continues the “Pan-Pearl River Delta Region Session” to Deepen Regional Green Cooperation

As part of the Green Forum of “The 2019 Macao International Environmental Co-operation Forum & Exhibition” (2019MIECF), the “Pan-Pearl River Delta Region Session” was held today (29 March). On this day, Mr Jiang Xiaoting, President of the Sichuan Province Environmental Science Association, shared the findings of the mission of the “Pan-Pearl River Delta Region Delegation to Portugal and Luxembourg”. According to him, this exchange experience has inspired members in the development of green finance.

The “Pan Pearl River Delta Region Session” is divided into three parts: the first part is to share the research results of members of the “Pan-Pearl River Delta Region Delegation to Portugal and Luxembourg”; the second part is the introduction of the development of China’s environmental protection industry; and the third part is the Pan-Pearl River Delta Region Eco-Corporate Pioneers Roundtable, which explores the theme of “Creating Green Values through Ecological Civilization”.

In the first part of the “Pan Pearl River Delta Region Session”, Mr Jiang Xiaoting said that Luxembourg and Portugal have many institutional advantages to learn from in the development of green finance, such as the establishment of professional banks with policy objectives, the establishment of reasonable regulations on financing risks, the establishment of innovative financial platforms, and the creation of financial products to support environmental protection. In addition, the exchange made him realize that the mature development of green finance depends on the clear environmental awareness of Luxembourg and Portuguese enterprises, and that the two countries have mixed institutional advantages: some of the local finance-related institutions are composed of the government and associations — the government plays a goal-oriented role, while the associations are responsible for maintaining market sensitivity.

In the second part of the “Pan Pearl River Delta Region Session”, Mr Huang Binhui, Deputy Secretary General of the China Association of Environmental Protection Industry, introduced the development of China’s environmental protection industry. He mentioned about the market dynamics in different fields of pollution prevention and control in China and the new problems encountered, such as the excess supply of middle and low-end products and the insufficient supply of high-end products in the environmental protection industry, as well as the problem of price competition. Mr Huang Binhui believes that there are still many opportunities for China’s environmental protection industry. In particular, the country has clearly defined the strategic orientation of strengthening the construction of ecological civilization, which will also bring investment opportunities.

In the Pan-Pearl River Delta Region Eco-Corporate Pioneers Roundtable, different environmental protection enterprises in the Pan-Pearl River Delta Region shared their opinions and respectively introduced their business scope and industrial technology.