Greener Shanghai Project
China
Proposed
Multiple Areas
Quick Facts
More About This Project
Shanghai is the hub for economy, finance, trade, shipping, and technological innovation in China (“Five Centers”). Shanghai Rural Commercial Bank Co., Ltd. (SHRCB) is the commercial bank headquartered in Shanghai aiming to support Shanghai’s “Five Centers” development, via funding green projects and supporting Shanghai’s transition to low-carbon and high-tech city.
NDB is providing the loan to SHRCB for on-lending to green infrastructure projects in Shanghai in areas of clean energy, environmental protection and digital infrastructure.
The objective of the Loan is to promote green infrastructure investments in Shanghai. The Project will focus on areas aligned with Shanghai government strategy, emphasizing green and clean city development to address challenges and gaps. The Project will contribute to reducing CO2 emission by increasing installed sources of renewable energy in Shanghai, improving energy efficiency in digital infrastructure and enhancing waste treatment to support the “zero waste” initiative.