Beijing: The China Development Bank (CDB) has significantly boosted its financial backing for green and low-carbon industries, committing over $28 billion (200 billion yuan) in green loans during the first five months of the year, Xinhua News Agency reported. This growth rate surpasses that of all other types of loans within the bank’s portfolio.
The CDB’s cumulative issuance of carbon-reduction loans through its carbon-reduction credit facility has exceeded 110 billion yuan. The bank has continually enriched its green financial products and services, actively supporting key sectors such as energy conservation, pollution and carbon reduction, greening, and disaster prevention to drive a comprehensive green transformation in economic and social development.
Looking ahead, the CDB aims to enhance the quality and efficiency of its green financial services, expanding support for green transformation in crucial sectors including energy, water resources, transportation, and urban-rural construction.
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