The Beijing-Tianjin-Hebei region is an economic powerhouse―contributing to 1/3 of China’s economy―but is also one of the most polluted regions in the country. Heat and power rely overwhelmingly on coal, contributing to air pollution and climate change.
The Asian Development Bank has been involved in improving China’s air quality since 2015: Helping to strengthen policy & regulatory capacity in the region; improving SME’s access to finance for pollution-reduction projects; and lending to advanced, low-emission technologies such as renewable energy smart grids, geothermal district heating, and LNG processing from waste coke oven gas. ADB recently approved yet another loan to finance coal-free heating and cooling in Shandong province using waste heat from thermal generation, geothermal district heating, and ice-storage cooling technologies.
DHInfrastructure is fortunate to have worked with the ADB team in preparation of the most recent three of the Bank’s pollution reduction projects in China, supporting the economic and financial due diligence of sub-projects.