Jenny, Hubert; Asseline, Frédéric; Wang, Yihong; Mehta, Anouj; Dahiya, Bharat; Lindfield, Michael R.2021-10-052021-10-052020-07978929262270197892926227182071-72022218-2675https://www.adb.org/publications/climate-finance-shandong-green-development-fundhttps://hdl.handle.net/20.500.14540/5756This 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.8Climate changeClimate financeClimate resilient development