Leveraging Private Sector Participation to Boost Environmental Protection in the People’s Republic of China
Abstract
Description
This brief presents recommendations to further encourage public-private partnerships for the environmental protection industry in the People's Republic of China, as the country seeks to address the negative impact of rapid urbanization.
The Government of the People's Republic of China's 13th Five-Year Plan for 2016–2020 presents huge opportunities and equally big challenges for firms looking to capitalize on soaring demand for environmental technologies. To incentivize higher private sector participation, this brief calls for various government agencies to collaborate in designing more market-based environmental policies and regulations. It also emphasizes the need to develop the country's green finance initiative to attract private investments into the environmental protection industry.