FAIRFAX, Va.--(BUSINESS WIRE)--ICF International, a leading provider of consulting services and technology solutions to government and commercial clients, has been awarded a new €5 million contract by the European Commission's Directorate - General for Development and Cooperation, known as EuropeAid, to support the design and implementation of greenhouse gas (GHG) emissions trading systems (ETS) in China.
ICF has been a leading consultant to governments and the private sector on climate change for the past 30 years. This new project builds on that expertise to contribute to one of the most significant ongoing efforts globally to address climate change and GHG emissions.
“This is a very significant contract award that demonstrates ICF International’s depth of knowledge in a critical and complex policy area that has global importance,” said Jeanne Townend, executive vice president for ICF International.
China is one of the world's leading GHG emitters, and the Chinese government has initiated ambitious efforts to address climate change as a major part of its economic and social development planning. A key component of these efforts is the development of GHG emissions trading, a market-based strategy that will play a significant role in helping China meet its GHG mitigation targets cost effectively. The development of China’s ETS is being watched closely by many other countries and regions that are developing and implementing their own emissions trading systems and other carbon market mechanisms.
The European Union (EU) has gone through a process of establishing an ETS across its 28 member states, plus three countries from the European Economic Area, and is in a position to share lessons from its substantial experience on establishing infrastructure for and operating an ETS. This high-profile, three year EU-funded project will make a significant contribution to the continued development of an ETS in China through the provision of training and other forms of technical assistance to Chinese stakeholders, including national government policy makers, research institutes, pilot ETS authorities, industry, and third-party organizations. The project will facilitate the exchange of expertise from EU experience on ETS and strengthen the partnership between the EU and China on ETS development.
“Our work on this project will draw not only on our three decades of climate change policy experience, but also on ICF’s 20-year record of implementing climate change and energy sector work for clients in China,” said David Hathaway, vice president and managing director for ICF International in China. “We are delighted to be able to collaborate with the EU and Chinese authorities in meeting China’s key climate change and development goals.”
About ICF International
ICF International (NASDAQ:ICFI) provides professional services and technology solutions that deliver beneficial impact in areas critical to the world’s future. ICF is fluent in the language of change, whether driven by markets, technology, or policy. Since 1969, we have combined a passion for our work with deep industry expertise to tackle our clients’ most important challenges. We partner with clients around the globe—advising, executing, innovating—to help them define and achieve success. Our more than 4,500 employees serve government and commercial clients from more than 60 offices worldwide. ICF's website is www.icfi.com.
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