Abstract
Faced with the severe eco-environmental problems and economic slowdown, China started the exploration of public-private partnership mode on eco-environmental protection projects, aiming to solve the disbalance between environmental improvement and investment shortage. This study systematically analyzed the characteristics, policy and market reactions of eco-environmental protection public-private partnership projects since 2014. Till the end of 2018 in China, the number of eco-environmental protection public-private partnership projects was 2,914 and investment was 1.84 trillion RMB, accounting for 33.67% and 13.94% of the total, respectively. The peak year was in 2017, then the number of eco-environmental protection public-private partnership projects dropped significantly in 2018. It is estimated that from 2014 to 2018, the investment from eco-environmental protection public-private partnership projects in the implementation phase contributes to 3.2% of China's GDP, 0.2 % of economic growth. To some extent, it has accelerated the process of ecological and environmental governance in China, especially in the field of municipal environmental infrastructure construction and comprehensive environmental treatment. However, the expected effect of eco-environment improvement from eco-environmental protection public-private partnership projects is difficult to guarantee, with the absence of key mechanisms and policies.
Highlights
As economic growth slows around the world, there has been an increasing interest in the application of public– private partnership (PPP) mode for governments in both developed and developing countries (Reley et al, 2018, Sahrear, 2020, Koppenjan, 2015)
Faced with the severe eco-environmental problems and economic slowdown, how to solve the problems that the demand for ecoenvironmental protection increasing while the investment shortage, China begun to explore the PPP mode in the field of ecological and environmental protection, aiming to broaden the channels of environmental investment and financing (An et al, 2018, Wu et al, 2018)
In order to strengthen the management of PPP projects, the Ministry of Finance (MOF) set up China Public-Private Partnership Center (CPPPC)
Summary
As economic growth slows around the world, there has been an increasing interest in the application of public– private partnership (PPP) mode for governments in both developed and developing countries (Reley et al, 2018, Sahrear, 2020, Koppenjan, 2015). Faced with the severe eco-environmental problems and economic slowdown, how to solve the problems that the demand for ecoenvironmental protection increasing while the investment shortage, China begun to explore the PPP mode in the field of ecological and environmental protection, aiming to broaden the channels of environmental investment and financing (An et al, 2018, Wu et al, 2018). This study may be helpful for other countries and regions to carry out the ecological environment governance project by PPP mode, and provide references of green economy policy making and financial mode choices for global ecological and environmental governance (Buso and Stenger ,2018)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
