Original disclosure @ ADB website
Updated in EWS Jul 10, 2021
Disclosed by Bank Aug 24, 2020
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According to the bank document, "the proposed project uses the financial intermediation loan modality to support geographically scattered investments through revolving the loan fund and mobilizing domestic funds. It aims to address emerging challenges in air quality improvement and greenhouse gas (GHG) emission reduction in both the greater Beijing - Tianjin- Hebei (BTH) and Yangtze River Delta (YRD) regions through energy efficiency, cleaner transport systems development, renewable energy development, and cooling systems retrofit.
It also stimulates post COVID-19 recovery investment with build-back-better principles by continuously scaling up clean energy technologies and systems applications in the targeted regions, which account for around 50% of the gross domestic product in the PRC. The project will support key strategic pillars of ADB's Strategy 2030:
(i) tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability by accelerating low GHG emissions development and ensuring environmental sustainability;
(ii) strengthening governance and institutional capacity by providing inclusive financial services for clean energy investment; and
(iii) accelerating progress in achieving gender equality through gender mainstreaming activities".
The operation areas includes: Anhui, Beijing, Hebei, Henan, Inner Mongolia, Jiangsu, Liaoning, Shaanxi, Shandong, Shanghai, Tianjin, Zhejiang and likely, nation-wide.
China National Investment and Guaranty Corporation
9 Floor, Office Bldg,
No. 100 Xisanhuan Beilu,
Beijing, PRC 100048
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ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main