China Development Bank provides $28 billion for green projects.

The China Development Bank has increased its financial support for green and low-carbon industries. According to Xinhua News Agency, the bank issued over 200 billion yuan (about US $28 billion) of green loans in the first five months of the year, with a growth rate exceeding that of all other types of loans. Additionally, the bank's cumulative issuance of carbon-reduction loans through a carbon-reduction credit facility has exceeded 110 billion yuan.

The bank has focused on enriching green financial products and services, actively supporting key sectors in energy conservation, pollution and carbon reduction, greening, and disaster prevention to promote a comprehensive green transformation of economic and social development. Looking ahead, the bank plans to improve the quality and efficiency of green financial services and expand support for green transformation in key sectors such as energy, water resources, transportation, and urban-rural construction.

China has committed to the dual carbon goals of peaking carbon emissions before 2030 and achieving carbon neutrality before 2060.