Innovative Financing for Air Pollution Control in Jing-Jin-Ji (WB-P154669)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 22, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of China, Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 18, 2019

Disclosed by Bank Apr 21, 2015


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Project Description

According to WB website, the development objective of the Innovative Financing for Air Pollution Control in Jing-Jin-Ji (JJJ) Project for China is to reduce air pollutants and carbon emissions through increasing energy efficiency (EE) and clean energy, with a focus on the Jing-Jin-Ji and neighboring regions. The program for results (PforR) program is closely linked with and brings value-added contributions to the government program. This operation adds value and contributes to the air pollution prevention and control action plan (APPCAP) by strengthening EE and clean energy to reduce coal consumption through commercial financing. The PforR program is a results-based program supported by the Bank and aimed at improving EE, increasing clean energy, and reducing emissions, contributing to the APPCAP, with a focus on the coal reduction targets.

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Contact: Xiaodong Wang
Title: Senior Energy Specialist Tel: +86 10 58617757
Email: xwang1@worldbank.org

Borrower/Client/Recipient

Yao Licheng
Director, Ministry of Finance

Tel: +86 10 68552064
Email: yaolicheng@mof.gov.cn

Implementing Agencies: 

Zhang Yongmiao (of Huaxia Bank)

Deputy General Manager
Tel: +86 10 85238627
Email: yongmiaozhang@hotmail.com

Hao Yaohui (of China Development Bank)

Deputy Director General
Tel: +86 10 88309976
Email: haoyaohui@cdb.com 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.