This project will promote water and energy efficiency as well as other resource savings in China through the following activities: 1. Firm-level interventions to identify, develop, and implement projects that are expected to have a demonstration effect. 2. Sector-level interventions to raise awareness and promote the adoption of practices and technology modifications to use water and other resources more efficiently; 3. Facilitate financing for qualified projects; and 4. Selective policy and regulatory interventions to improve the enabling environment for water efficiency projects.
IFC has cooperated with global brands IKEA Trading (Hong Kong) Ltd., Associated British Foods PLC - ABF (via Primark), the Jones Group Inc. as well as the textile mill clients (such as Yuyue Home Textile Co., Ltd., Xindi , Foshan Nanhai District Yueqiaodong Printing & Dyeing Co., Ltd., Zhongshan Gaoping Zhiranshui Disposal Co., Ltd., STAR and Guangzhou Kam Hing Textile Dyeing Co., Ltd.) to develop demonstration projects of better water and energy efficiency in operations through improved practices. IFC has cooperated with Natural Resources Defense Council (NRDC) in Shaoxing and Guangzhou to deliver capacity building to local textile mills. IFC has worked with Bank of Beijing to facilitate greening lending to water and energy efficiency projects. IFC also worked with China Textile Economy Research Center to provide technical advice on the new sector level cleaner production standards.