China: EUR 500 million loan for climate change mitigation projects

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Euroheat and Power (English Edition) | 2010年 / 7卷 / 04期
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Investments - Greenhouse gases - Renewable energy resources - Gas emissions - Energy efficiency;
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The European Investment Bank (EIB) has granted a €500 million loan to the People's Republic of China (PRC) for projects supporting climate change mitigation. The Climate Change Framework Loan II (CCFLII) was signed by Magdalena ÁlvarezArza, Vice-President of the EIB and by Vice-Minister of Finance Li Yong, in Beijing. The proposed CCCFL II will be a multi-investment scheme under which the Bank could support several individual Climate Change mitigating projects contributing to the avoidance or reduction of greenhouse gas emissions. Projects will be selected in particular on the criteria that they will be making more and better use of renewable energy sources and enhancing energy efficiency. The CCCFL II will pursue similar objectives to the previous framework loan, and project schemes will be identified and pre-selected by China's National Development and Reform Commission and the Ministry of Finance.
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