Catalyzing Climate Finance with the Shandong Green Development Fund

Jenny, Hubert;
Asseline, Frédéric;
Wang, Yihong;
Mehta, Anouj;
Dahiya, Bharat;
Lindfield, Michael R.

Catalyzing Climate Finance with the Shandong Green Development Fund

Date

2020-07

Authors

Jenny, Hubert; Asseline, Frédéric; Wang, Yihong; Mehta, Anouj; Dahiya, Bharat; Lindfield, Michael R.

Description

This publication highlights the features of the Shandong Green Development Fund (SGDF) to promote climate-friendly investments, particularly to support the transition of the People’s Republic of China (PRC) to a low-carbon future. In 2019, ADB approved a $100 million loan for the $1.5 billion Shandong Green Development Fund Project. The fund introduces 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 PRC that is now pressed to transform its development growth. The publication presents the SGDF’s objectives and the innovative financing mechanisms applied for climate-friendly projects.