In 2019, the Asian Development Bank (ADB) approved a $100-million loan for the $1.5-billion Shandong Green Development Fund Project. The fund introduced an innovative mechanism to catalyze private, institutional, and commercial capital for the development of climate-friendly infrastructure and business in Shandong, a highly industrialized province in the People's Republic of China that is now pressed to transform its development growth.

The publication presents the fund’s objectives and the innovative financing mechanisms applied for climate-friendly projects.

Published July 2020.
Source: Asian Development Bank.

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