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

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • China
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 22, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of China, Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Apr 27, 2025

Disclosed by Bank Apr 21, 2015

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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.

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