Catalyzing Climate Finance with the Shandong Green Development Fund
This publication highlights the features of the Shandong Green Development Fund to promote climate-friendly investments, particularly to support the transition of the People’s Republic of China to a low-carbon future.
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.
