The Asian Development Bank (ADB) will help develop a new technology that will substantially reduce greenhouse gas (GHG) emissions in China, local media reported on July 9.

ADB will provide a 1.25-million-USD technical assistance to fund the bulk of the 1.55-million-USD project in northern Chinese city of Tianjin and the rest of fund will come from the Chinese government, Xinhua news agency reported, citing the ADB statement.


ADB's technical assistance will be sourced from the Climate Change Fund and technical assistance special fund.


The technical assistance will produce a comprehensive road map for carbon dioxide capture and storage (CCS) demonstration projects, as well as policies, legal and regulatory frameworks to promote CCS use.


It will also identify priority demonstration projects and their financing needs, as well as undertake capacity assessment and comprehensive capacity development in critical areas of CCS demonstration.

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The technical assistance supports China's plan to develop its first integrated gasification combined cycle (IGCC) demonstration power plant in Tianjin, which is lined up for possible ADB financing under the Country Programming Mission (2009-2011)./.