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China is set to encourage and support private capital in ecological
protection and restoration, according to a circular released by the
General Office of the State Council. Some regions have suffered serious damages and degradation in
ecosystems and thus need wider social participation in ecological
protection and restoration, the circular stated. To attract private funds, the circular has mapped reforms and
detailed requirements on participation mechanisms and supportive
policies. China will give full play to the decisive role of the market in
resource allocation, give greater play to the role of the government,
increase investment in key areas, enhance market vitality, and promote
the high-quality development of ecological protection and restoration
works. The circular has encouraged and urged private capital to participate
in the whole process of investment, design, restoration and management
of ecological protection and restoration projects. It elucidated that private funds can participate in ecological
protection and restoration works through different modes such as
independent investment, cooperation with the government, and non-profit
operation. Private capital is encouraged to focus on the protection and
restoration of natural ecosystems, farmland ecosystems, urban
ecosystems, mining ecosystems, and marine ecosystems while exploring the
development of ecological industries, the circular added.
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