Kick-off meeting for “green financial innovation practice and the Beijing-Tianjin-Hebei air pollution prevention financing innovation” project

The World Bank and Huaxia Bank recently held a “green financial innovation practice and the Beijing-Tianjin-Hebei air pollution prevention financing innovation” project kick-off. According to reports, the scale of investment of the project will be more than 10 billion RMB and loan support period will be up to 20 years. After the implementation of the project, it is expected to reduce carbon emissions 246 million tons per year, equivalent to 150 million trees of carbon dioxide absorption.

Since 2008, Huaxia Bank and the World Bank co-operation of the energy-saving loan project, in cooperation with the French Development Agency, green intermediate credit projects, more than 50 projects in the country has provided more than 7 billion yuan in low-cost funds. In addition, since 2012, Huaxia Bank’s green finance business volume totaled more than 150 billion yuan.