00:00 I'm here on a cold day in Fuzhou.
00:04 Fuzhou is an old historic city in Jiangxi province in the south of China.
00:10 Now this is an important location because it will be,
00:13 it's not just the historic city,
00:15 it will be the location of the World Bank financed eco-industrial zone project.
00:21 And this is in Jiangxi province,
00:23 which is the first province under the project that has committed
00:27 that all of its industrial zones in the province
00:30 will meet international standards for being green industrial zones,
00:35 and the work
00:36 in that direction starts here in Fuzhou.
00:39 So behind me is an abandoned lake
00:41 that currently receives some
00:44 rainwater and some other drainage water.
00:47 Originally it was used for irrigation,
00:49 but The project,
00:50 this whole lake will be transformed into a recreational zone.
00:54 It will collect all of the drainage water from the neighboring areas in the zone.
00:58 That water can then be used to clean
01:01 the facilities of the industrial zone.
01:04 It can be used to irrigate the gardens and the plants,
01:07 and it will provide both a natural flood control mechanism
01:12 and a way
01:13 to clean the water naturally before it's released back into the full river.
01:18 Now this is just one aspect of this industrial zone project,
01:22 which also includes
01:24 building new facilities that are certified to the
01:27 EEG standard.
01:28 That's a high level of energy efficiency standard,
01:31 and this is really important because
01:33 by making sure that all buildings in the zone are edge certified,
01:37 we can reduce emissions,
01:39 carbon emissions by up to 30%.
01:42 And this is one way in which China through
01:44 its industrial zones can contribute to President Xi's.
01:48 The goal of achieving carbon neutrality by 20,160.
01:52 We need to remember that 70% of all CO2 emissions in China come from industrial zones
01:59 such as this one here in Fuzhou.
02:00 And so this project is a really important pilot and demonstration
02:04 to help China achieve its climate ambitions
02:07 and in line with a new country partnership facility that is aiming
02:11 to be much more selective and focused on global public goods.
02:14 That's why this project is important.
02:16 That's why I'm here this afternoon.
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