ADB Approves $300m Loan to Catalyse Green Transformation of Chinese Industrial City 

The Asian Development Bank (ADB) has approved a $300 million loan for a $665 million project in Changzhi, China. The project aims to reduce poverty, cut carbon emissions, and improve urban liveability. It will involve building wastewater reuse facilities, introducing electric buses, and creating bicycle paths from construction waste. The ADB loan reflects China’s dedication to addressing climate change and transitioning to a greener economy. The project is set to be completed by 2030 and could serve as a model for similar regions in China and other countries.

Resource: https://esgnews.com/adb-approves-300m-loan-to-catalyse-green-transformation-of-chinese-industrial-city/

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