European Commission Selects ICF for €10 Million Contract to Strengthen EU-China Cooperation on Emissions Trading

ICF Will Support Policy Collaboration Between EU and China to Build Nationwide Emissions Trading System in China

FAIRFAX, Va., Jan. 26, 2018 /PRNewswire/ -- Under the European Commission's Foreign Policy Instrument, ICF (NASDAQ:ICFI), a global consulting and digital services provider, has been awarded a new contract to enhance cooperation between the European Union (EU) and China and to strengthen China's emission trading system (ETS). The contract, which was awarded in the third quarter of 2017, has an estimated value of €10 million ($12 million USD) and a term of 36 months.

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"Emissions trading as a policy concept and market-based instrument is still relatively new to large parts of the Chinese economy and most of its stakeholders," said Mads Baden Jensen, vice president for ICF. "With the largest ETS in the world, China has a great opportunity to improve its nation's and the world's air quality and make significant progress toward reducing global greenhouse gas emissions."

To support this bilateral commitment, ICF will work with the EU and China to establish a policy dialogue between the constituencies on the development and strengthening of the ETS. ICF will also provide training and knowledge sharing support to help China build effective emissions trading capacities and secure long-term sustainability and ownership of its ETS.

"This project confirms ICF's leading role in providing strategic technical advice, technical assistance, policy dialogue, research, evaluation and support for the design and implementation of ETSs to governments in Asia, the European Union and North America," said Gene Costa, senior vice president for ICF.

ICF was recently named Best Advisory/Consultancy in China in Environmental Finance's 2017 Market Rankings. Read more about ICF's emissions trading and climate mitigation services, and our offerings in Asia and the Pacific region.

About ICF
ICF is a global consulting services company with over 5,000 specialized experts, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

Caution Concerning Forward-looking Statements

Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; and our ability to acquire and successfully integrate businesses. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577

SOURCE ICF