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2.5.6 Strengthen the Cooperation between Local
Government with Other State and Local Governments
The local government should strengthen cooperation and
communication with other countries and funding authorities to get
more support in the form of loans for the low carbon programme,
grant and cooperation, etc. In addition, the local government should
improve the investment convenience in the low carbon economy
sector that suits their own development, and adopt different forms
of facilities and favourable policies to attract foreign investment to
facilitate local low carbon economy growth. Besides, local government
should intensify the cooperation with local governments in other
countries and attract more foreign enterprises to invest in low carbon
economy. For instance, Wuhan government in Hubei Province
strengthened the cooperation with Bordeaux Region (Acquitaine)
in France on comprehensive low carbon economy growth through
Cooperation Agreement Framework on Sino-French Sustainable
Urban Development and successfully attracted investment. The
investment of some international corporations such as Peugeot Citroen
(low emission and electromobile, etc.) has driven local employment
and low carbon economy development. Meanwhile, Wuhan, as the
pilot city, has benefited from the Cooperation Agreement Framework
on Sino-French Sustainable Urban Development and the government
office building renovation programme carried out by AFD in the form
of sovereign debt.
2.6 Conclusion
Adequate provision of effective, convenient, and diversified
financing for a low carbon economy is an important guarantee for
low carbon development and transformation in cities. The funds
needed for low carbon economy growth in cities mainly include
investment of government and private sectors, and financing from
financial institutions.
This chapter has firstly made a comprehensive analysis of financing
sources and challenges for local government to facilitate low carbon
economy growth. There are great challenges for Central and local
governments in financing capacity and capital utilization efficiency
in the future while facilitating low carbon growth. Whether the
local government could improve their financing capacity within a
period of time is an important premise and guarantee for successful
development of low carbon economy. Secondly, this chapter has
analysed the contributions of existing fiscal and financial policies
132 Low Carbon Development in China and India
Government with Other State and Local Governments
The local government should strengthen cooperation and
communication with other countries and funding authorities to get
more support in the form of loans for the low carbon programme,
grant and cooperation, etc. In addition, the local government should
improve the investment convenience in the low carbon economy
sector that suits their own development, and adopt different forms
of facilities and favourable policies to attract foreign investment to
facilitate local low carbon economy growth. Besides, local government
should intensify the cooperation with local governments in other
countries and attract more foreign enterprises to invest in low carbon
economy. For instance, Wuhan government in Hubei Province
strengthened the cooperation with Bordeaux Region (Acquitaine)
in France on comprehensive low carbon economy growth through
Cooperation Agreement Framework on Sino-French Sustainable
Urban Development and successfully attracted investment. The
investment of some international corporations such as Peugeot Citroen
(low emission and electromobile, etc.) has driven local employment
and low carbon economy development. Meanwhile, Wuhan, as the
pilot city, has benefited from the Cooperation Agreement Framework
on Sino-French Sustainable Urban Development and the government
office building renovation programme carried out by AFD in the form
of sovereign debt.
2.6 Conclusion
Adequate provision of effective, convenient, and diversified
financing for a low carbon economy is an important guarantee for
low carbon development and transformation in cities. The funds
needed for low carbon economy growth in cities mainly include
investment of government and private sectors, and financing from
financial institutions.
This chapter has firstly made a comprehensive analysis of financing
sources and challenges for local government to facilitate low carbon
economy growth. There are great challenges for Central and local
governments in financing capacity and capital utilization efficiency
in the future while facilitating low carbon growth. Whether the
local government could improve their financing capacity within a
period of time is an important premise and guarantee for successful
development of low carbon economy. Secondly, this chapter has
analysed the contributions of existing fiscal and financial policies
132 Low Carbon Development in China and India
