2024-07-09 20:16:44
BEIJINGChina Development Bank (CDB), one of the country’s leading policy banks, has stepped up financial support for green and low-carbon industries.
The bank issued more than 200 billion yuan (about 28 billion U.S. dollars) in green loans during the first five months of the year, and its growth rate outpaced that of all other types of loans within the bank’s business.
The bank’s cumulative issuance of loans provided through a special credit line for carbon emission reduction has exceeded 110 billion yuan.
The BDCh said it has continued to enrich green financial products and services and actively support key sectors in energy conservation, pollution and carbon reduction, green transformation and disaster prevention, among other tasks, so as to facilitate a comprehensive green transformation of economic and social development.
Looking ahead, the bank will improve the quality and efficiency of green financial services and expand support for green transformation in key sectors such as energy, water resources, transportation, and urban and rural construction.
China has set goals of peaking carbon emissions before 2030 and achieving carbon neutrality before 2060.