Soutenir les financements verts en partenariat avec trois banques chinoises

CHINA

Supporting green finance in partnership with three Chinese

AFD is supporting the funding of low-carbon-compatible investment and the development of specific expertise in green finance through a partnership with three Chinese banks. The goal is to contribute to the fight against climate change by increasing funding for green projects.

CONTEXT 20/12/2007 15/06/2020 In the mid-2000s, private investments in energy efficiency and Project start Project end renewable energy in only accounted for approximately date date 6% of investments in the energy sector. China In recent years, the Chinese government has adopted a Location significant number of regulations and guidelines promoting green finance activities. AFD was one of the first donors to Climate , Energy enter a partnership with Chinese banks to promote this type of sector(s) investment. Green Credit Line financing tool(s)

DESCRIPTION 180 000 000 EUR Financing amount In 2007, AFD initiated a partnership with three Chinese banks– Shanghai Pudong Development (SPDB), Huaxia Bank and 10 years (CMB)– through two “green” credit lines Duration of funding to finance companies investing in the sectors of energy ACHEVÉ efficiency and renewable energy in China. Status These credit lines are further supported by technical Huaxia Bank assistance. With support from the French Global Environment SPDB Facility (FFEM), a group of Franco-Chinese experts specialized China Merchants Bank in green energy advised the banks and their customers in Beneficiaries process of Facility (FFEM) project selection, technology to be used and the analysis of the energy efficiency forecast. Another component of this program, handled by the partner banks, is the development and reinforcement of their teams’ specific skills in this area.

IMPACTS

90 energy efficiency and renewable energy projects in 22 Chinese provinces benefited from AFD funding;

The project relied on high-level, Franco-Chinese expertise to strengthen skills in green finance in the banking sector;

Close to 9,000 bankers have received training on climate issues.