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IFC's energy conservation and emission reduction projects were designed by the International Finance Corporation at the request of the Ministry of Finance of China, and were jointly funded by the International Finance Corporation, the Global Environment Fund, Finland, and the Norwegian Government. The purpose is to establish a sustainable financing mechanism for energy conservation and cleanliness. Energy and emission reduction projects provide financial support.
World Bank supports China to issue energy-saving emission reduction loans
On the 25th, the World Bank Group International Finance Corporation and Industrial Bank signed a phase II cooperation agreement on energy-saving and emission reduction project financing, which provided Industrial Bank with 100 million U.S. dollars of energy-efficient loan insurance and guarantee support for the issuance of 1.5 billion yuan in energy-saving emission reduction project loans.