Leading the Trend in Low Carbon Business Districts, the Yujiapu Financial District is Chosen by APEC to be Its First ‘Low Carbon Model City’

July 29, 2010

BEIJING, July 29 /PRNewswire-Asia/ — On 19 June the meeting of APEC’s
Energy ministers ended in the Japanese city of Fukui with a declaration giving
directions to improve energy efficiency, advance energy security and increase
the clean energy supply in the APEC region.

Among the new initiatives prescribed by the Energy Ministers is the “Low
Carbon Model City” project, aimed at developing the best practices to achieve
low-emissions urban communities.

The first to be selected for this project is the Chinese city of Tianjin,
and specifically the Yujiapu Financial District.

Yujiapu is at the core of the Binhai New Area, a new development
comprising 9 distinct functional zones. The financial district occupies 3.86
square kilometres with a total construction area of 950 million square metres
representing an investment of about 200 billion Chinese Yuan. Yujiapu has set
a goal of being a “green ecological zone” through careful urban environmental
planning and green architectural design as well as the optimization of
construction techniques. All is done with the objective of having the lowest
carbon emissions, and in certain areas, even no carbon emission at all.
Yujiapu being chosen by APEC shows the importance low-carbon economy has for
the Chinese Government and its determination to implement green development
strategies. The Yujiapu Financial District is a core component of this low
carbon effort undertaken by the Tianjin municipality. Built according to the
strictest environmental norms, Yujiapu is set to be the first project of this
scale in the world to completely integrate the notions of sustainability in
the working environment.

“Low carbon” means lower greenhouse gas (carbon dioxide or CO2) emissions.
Yujiapu aspires to be a low energy consumption, low CO2 emission urban
development model. Currently business areas of all the cities in the world are
facing the same problem: they are densely populated, often in high-rise
buildings, and their energy consumption and CO2 emissions are considered to be
the biggest environmental pollution. For Yujiapu, in order to build a low
carbon business district, the most important planning factor is how to use as
much clean energy as possible.

The urban planning of the area has been entrusted to the American firm SOM
( http://www.som.com ), and the transportation planning has been assigned to
MVA of Hong Kong ( http://www.mva.com.hk ). The Japanese architectural firm
Nikken Sekkei ( http://www.nikken.co.jp ) will be in charge of the underground
space design and the American company AECOM ( http://www.aecom.com ) shall
conduct the regional landscape concept design. Extensive studies have been
commissioned by Yujiapu on urban design, transportation planning, wind power,
solar energy, geothermal energy, water recycling, waste disposal and recycling,
central heating and cooling in order to set higher goals for carbon emission

Following international guidelines such as the American LEED, Yujiapu
commissioned third-party studies by the East China Architectural Design and
Research Institute ( http://www.ecadi.com ) as well as the China Academy of
Building Research ( http://www.cabr.com.cn/engweb/index.htm ) to provide
consulting services on environmental protection, energy-saving, and emission-
reducing green construction. All kinds of parameters were taken into
consideration: design, soil erosion, waste management, air quality control as
well as future operation management. Green building technologies applied in
the construction of the Yujiapu Financial District include district heating
and cooling, sustainable stormwater best management practices, distributed
energy supply system, energy saving curtain walls and green roofs.

Yujiapu will adopt a world-leading underground transportation system
consisting of trains, railways and pedestrian walkways thus reducing the use
of motor vehicles and consumption of fossil fuels in order to reflect
sustainable development and human-oriented planning concepts. The studies made
forecast a use of public transportation by 80% of the people in the area, 60%
by rail and 20% by bus.

Of the total area of 3.86 million square metres, 1 million will be devoted
to green spaces. A green belt will be developed along the river, featuring 4
marinas and a multitude of leisure and entertainment areas. Yujiapu will truly
be the first “green financial district”.

Yujiapu, in close collaboration with the Tianjin Climate Exchange
( http://www.chinatcx.com.cn/static/index_en.html ) founded September 2008,
using a market-oriented trading platform and financial innovation, has set a
goal to bring the whole business community to achieve energy saving and
emission reduction by optimizing resources. At the same time, the Tianjin
Climate Exchange has formed a joint-venture with CNPC Assets Management
Company ( http://www.cnpc.com.cn/en/ ), the Chicago Climate Exchange
( http://www.chicagoclimatex.com/ ) and the People’s Bank of China Financial
Research Institute ( http://www.pbc.gov.cn/english/ ) to establish a Sino-US
carbon finance research centre, at the same time launching a joint study on
market mechanisms of emissions trading. The Tianjin Climate Exchange launched
a “corporate voluntary joint action” inviting 20 domestic companies to

Being chosen to be APEC’s first “Low Carbon Model City” has a very
important significance for Yujiapu and the future of low-carbon development
projects in China and the world. It bears on its shoulders the heavy
responsibility to be a successful model of low-carbon business development
that can be reproduced on a global scale.

SOURCE Tianjin Yujiapu Financial District

Source: newswire

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