World Bank Project Work Outline

Research on Investment Field and Evaluation Index System of Green Industry Fund

I. Project Background

Green industry is the foundation and means to promote the construction of ecological civilization. In order to implement the central government's requirements for promoting green development, the Chinese government has issued a series of support policies for green industries. At the same time, in June 2016, the seven ministries and commissions, including the People's Bank of China and the Development and Reform Commission, jointly issued the Guiding Opinions on the Construction of a Green Financial System, which clearly states that green finance should be developed and that more social capital investment should be guided and encouraged through innovative financial system arrangements Green industry, while effectively curbing pollution investment.

In this context, the World Bank has established a green industry fund to play a key role in the following areas, including:

(1) Through the support of exemplary green industry enterprises and projects, give play to the guiding role of the green industry guidance fund, promote the development of green industries, and help achieve the goals related to energy conservation, emission reduction and pollution prevention.

(2) Exploring innovative models of financial support for green industries, and exploring and demonstrating the support of financial institutions for the development of green industries.

(3) Give play to the guiding role and amplification effect of government funds, improve the efficiency of government funds, attract social funds to the government to support green industries, and promote the low-carbon transformation of the economic structure.

(4) Through industry funds, further promote the agglomeration of green industry markets, promote the technological progress of green industries, drive related employment, and promote the transformation of industrial structures and high-quality economic development.

Green industry funds need clear investment guidelines. In March 2019, the seven ministries and commissions jointly issued the "Green Industry Guidance Catalogue", which covers more than 200 industry contents in six categories, and the marketization degree, development stage, market capacity, financing needs, and greenness of each segmented industry The difference is huge. In order to ensure the realization of the fund's operating goals, there is an urgent need to select specific target industries and fields, and direct funds to industries that are most in line with the fund's establishment goals and are also conducive to the healthy operation of the fund.

Project objectives

Research and put forward proposals for key areas of green industry fund investment, clarify key indicators for green industry fund investment evaluation, and lay a foundation for the fund to scientifically and efficiently determine investment directions and evaluation projects, and play a role of industry guidance.

Working scope

The scope of work includes the following activities: sorting out and analyzing investment evaluation index systems for similar industry funds at home and abroad; clarifying the principles and requirements for selecting investment index systems for green industry funds, and constructing investment evaluation index systems for green industry funds.

Task 1: Sort out and compare and analyze the investment evaluation index system of similar industry funds at home and abroad

(I) Clarify the relevant requirements of domestic policies and regulations on industrial fund investment and the selection and standard value requirements of existing similar industrial fund indicators in China

(2) Sort out the selection of the investment index and the setting of benchmark values ​​of similar industrial funds in the international industry, such as the World Bank, ADB and other institutions that have already landed.

Task 2: Analysis of Green Industry and Suggestion on Key Areas of Investment

(1) Overview of green industry development, with the "Green Industry Guidance Catalogue (2019)" issued by the National Development and Reform Commission and other seven ministries and commissions as the main scope, an overall analysis of the current status of China's green industry development;

(2) Analysis of the environment for the development of green industries, sorting out the policies and environment for industrial development of green industries and related key areas, and clarifying the key areas supported by the state and key developments;

(3) Analyze the key green industry areas from the three aspects of technology, market demand, and investment prospects, and clarify the comprehensive evaluation of relevant areas in terms of technology development, market demand, and investment prospects as the basis for selecting key investment areas;

(4) Comprehensively consider the significance of benefits, investment risks and other relevant factors, and put forward suggestions for key areas of fund investment.

Task 3: Construction of Green Industry Fund Investment Evaluation Index System

(1) Guided by the goals set by the Green Industry Fund, in-depth analysis of relevant internal needs for promoting the development of China's green industry, and clarifying the principles for selecting investment evaluation indicators for the Green Industry Fund

(2) Put forward a green industry fund investment evaluation index system, and clarify the meaning of each index;

(3) Put forward the evaluation criteria and requirements for the investment evaluation indicators of the green industry fund;

(4) Put forward the application method of the green industry fund investment evaluation index system.

Fourth, time schedule

The implementation time of this task is to submit the final draft within 2 months after the contract signing date, or submit the final draft before April 30, 2020.

V. Main Outputs and Phase Requirements of Project Implementation

1. Research report on investment fields and evaluation index system of green industry fund, including suggestions on investment field and evaluation index system of green industry fund.

6. Duties of consultants

The consultant is required to bear all costs related to consulting services, including office space, facilities, communications, networking, transportation, stationery and translation costs.

The consultant shall prepare and submit to the World Bank a Chinese research report, an indicator system proposal, and an English project executive summary. The submission time is the date agreed in the contract.

Consultants should learn about the World Bank's environmental and social security policies and recognize the adverse consequences of this industry (as interpreted by the World Bank's related security policies). The consultant should report these potential consequences and make recommendations for response. The World Bank's safeguard policies are available at www.worldbank.org.

Responsibilities of employers

The consultant should work under the guidance of the World Bank project leader. The person in charge of the project shall make reasonable efforts to provide daily assistance and support to the consultant, shall provide available data, evidence and reports related to the project, and help the consultant to contact the organization needed to perform the task.

Budget and working hours

The estimated consulting service time required for this task is listed in the following table:

Estimated working hours

Project leader 1 person / month

Senior expert 3 people / month

Expert qualification requirements please refer to Part IX

The budget for the task will be paid in a lump sum (including consulting fees, costs of stakeholder consultation meetings, international and domestic travel expenses, travel subsidies, hotels, communications costs, and related taxes and other costs).

Nine, consultant qualification requirements

(1) General qualification requirements for consulting agencies / consortia

l Independent agencies have undertaken research on investment and financing evaluation index systems commissioned by relevant international agencies and governments, and have extensive experience in providing consulting services to governments at all levels. Relevant supporting materials are required.

l Successful experience in policy research or consulting projects in the fields of green industry, green finance, climate investment and financing. Relevant supporting materials are required.

l Experience in evaluating investment and financing projects in more than 3 green industries.

(II) Qualification requirements of key personnel

Consultant requests to continue at the project site

Project manager

lHave more than 8 years working experience in investment and financing evaluation and green industry policy research

l Experience in providing decision-making support for central and local governments, especially the Chinese government, need to provide supporting materials.

l Familiar with consulting projects of multilateral financial institutions and participate in consulting projects commissioned by multilateral financial institutions.

l Understand World Bank project management requirements and environmental and social security policies

l People with relevant experience in China are preferred

lExtensive experience in leading teams and managing projects in similar projects

lMaster degree or above in related field

Fluent in Chinese and English

Senior expert

lHave more than 8 years working experience in policy and practice management in investment and financing evaluation, green industry and other fields

l Experience in providing investment and financing and green industry decision-making support for the central government, especially the Chinese government, need to provide proof materials.

lMaster degree or above in related field