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Pollution check: China, ADB launch green financing scheme

China selected five regions this week to take part in pilot government green financing schemes

Reuters  |  Shanghai 

China and the Asia Development Bank (ADB) have launched a green financing platform to support efforts by small- and medium-sized enterprises to cut pollution in the smog-hit Beijing-Tianjin-Hebei region, ADB said on Friday. The area, home to six of China's 10 smoggiest cities in the first quarter of this year, has promised to upgrade or shut vast swathes of polluting industry as it tries to meet 2017 air quality targets. But financing the transition to cleaner energy has proved one of its biggest challenges, especially in poorer rural regions of Hebei, where the switch from ...

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First Published: Fri, June 16 2017. 14:58 IST
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