Innovative Financing for Air Pollution Control in Jing-Jin-Ji

Abstract*

The development objective of the Innovative Financing for Air Pollution Control in Jing-Jin-Ji (JJJ) Project for China is to reduce air pollutants and carbon emissions through increasing energy efficiency (EE) and clean energy, with a focus on the Jing-Jin-Ji and neighboring regions. The program for results (PforR) program is closely linked with and brings value-added contributions to the government program. This operation adds value and contributes... Show More

Development Objective

To reduce air pollutant and carbon emissions through increasing energy efficiency and clean energy, with a focus in Beijing-Tianjin-Hebei (Jing-Jin-Ji) and neighboring regions.

Key Details

Project Details

Project ID
P154669
Status
Closed
Team Leader
Ximing Peng , Xiaodong Wang
Borrower 2
Internaltional Economic and Financial Cooperation Department, Ministry of Finance

Country
China
Disclosure Date
November 20, 2015
Approval Date
(as of board presentation)
March 22, 2016
Effective Date
August 18, 2016

Total Project Cost 1
US$ 500.00 million
Implementing Agency
Hua Xia Bank
Region
East Asia and Pacific
Fiscal Year 3
2016

Commitment Amount
US$ 500.00 million
Environmental Category
N/A
Last Update Date
December 21, 2022
Closing Date
June 30, 2022

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change100%
- FY17 - Mitigation100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	500.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	500.00
IDA Commitment	N/A
IBRD + IDA Commitment	500.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	500.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jul 15, 2024	IBRD-85920	Int Charges	10,225,327.00
Jan 15, 2018	IBRD-85920	Int Charges	371,197.40
Jan 15, 2024	IBRD-85920	Int Charges	10,286,840.00
Jan 15, 2023	IBRD-85920	Int Charges	12,390.50
Jan 15, 2023	IBRD-85920	Int Charges	2,646,067.00
Jan 15, 2023	IBRD-85920	Int Charges	10,663.91
Jul 15, 2023	IBRD-85920	Int Charges	17,501.57
Jan 15, 2019	IBRD-85920	Int Charges	10,066.25
Jan 15, 2019	IBRD-85920	Int Charges	468,232.40
Jan 15, 2019	IBRD-85920	Int Charges	560,165.30
Jan 15, 2017	IBRD-85920	Int Charges	3,672.87
Jan 15, 2017	IBRD-85920	Int Charges	598,361.40
Feb 14, 2017	IBRD-85920	Loan Disb	1,062,850.00
Dec 22, 2016	IBRD-85920	Loan Disb	15,673,500.00
Aug 18, 2016	IBRD-85920	Loan Disb	1,302,145.00
Aug 18, 2016	IBRD-85920	Fee Charges	1,302,145.00
Feb 24, 2017	IBRD-85920	Loan Disb	37,131,500.00
Apr 25, 2017	IBRD-85920	Loan Disb	38,076,500.00
Jul 15, 2017	IBRD-85920	Int Charges	5,407.11
Jul 15, 2017	IBRD-85920	Int Charges	566,158.00
Jul 15, 2017	IBRD-85920	Int Charges	2,811.33
Jul 15, 2017	IBRD-85920	Int Charges	244,122.73
Jun 5, 2018	IBRD-85920	Loan Disb	20,873,328.00
May 4, 2018	IBRD-85920	Loan Disb	35,904,000.00
Jan 15, 2018	IBRD-85920	Int Charges	575,854.06
Mar 22, 2016	IBRD-85920	Loan Commitment	500,000,000.00
Jul 15, 2023	IBRD-85920	Int Charges	8,072,540.50
Jul 15, 2023	IBRD-85920	Int Charges	4,326.47
Dec 16, 2022	IBRD-85920	Loan Disb	1,303,912.20
Dec 16, 2022	IBRD-85920	Loan Disb	17,364,580.00
Dec 31, 2022	IBRD-85920	Loan Cancel	2,589,997.50
Jul 15, 2022	IBRD-85920	Int Charges	114,756.63
Jul 15, 2022	IBRD-85920	Int Charges	819,353.40
Jan 15, 2022	IBRD-85920	Int Charges	19,218.23
Jan 18, 2022	IBRD-85920	Int Charges	18,862.50
Jan 18, 2022	IBRD-85920	Int Charges	143,464.67
Jan 18, 2022	IBRD-85920	Int Charges	1,089,476.00
Jun 27, 2022	IBRD-85920	Loan Cancel	84,680,000.00
Jun 10, 2021	IBRD-85920	Loan Disb	85,183,000.00
Jul 15, 2021	IBRD-85920	Int Charges	4,526.73
Jul 15, 2021	IBRD-85920	Int Charges	7,790.24
Jul 15, 2021	IBRD-85920	Int Charges	229,206.06
Jul 15, 2021	IBRD-85920	Int Charges	844,394.90
Jul 15, 2020	IBRD-85920	Int Charges	332,322.88
Jul 15, 2020	IBRD-85920	Int Charges	839,889.10
Dec 18, 2020	IBRD-85920	Loan Disb	24,513,000.00
Jan 15, 2021	IBRD-85920	Int Charges	9,523.63
Jan 15, 2021	IBRD-85920	Int Charges	16,037.80
Jan 15, 2021	IBRD-85920	Int Charges	284,902.84
Jan 15, 2021	IBRD-85920	Int Charges	1,121,072.20
May 21, 2020	IBRD-85920	Loan Disb	10,985,000.00
Jun 30, 2020	IBRD-85920	Loan Disb	44,834,000.00
Oct 18, 2019	IBRD-85920	Loan Disb	33,396,000.00
Jan 15, 2020	IBRD-85920	Int Charges	11,129.33
Jan 15, 2020	IBRD-85920	Int Charges	358,850.72
Jan 15, 2020	IBRD-85920	Int Charges	757,506.94
Jan 15, 2020	IBRD-85920	Int Charges	5,344.93
Apr 26, 2019	IBRD-85920	Loan Disb	22,274,000.00
Jun 25, 2019	IBRD-85920	Loan Disb	39,847,500.00
Jul 15, 2019	IBRD-85920	Int Charges	436,606.90
Jul 15, 2019	IBRD-85920	Int Charges	619,960.70
Jul 15, 2018	IBRD-85920	Int Charges	514,431.97
Jul 15, 2018	IBRD-85920	Int Charges	399,578.12
Jan 15, 2019	IBRD-85920	Int Charges	5,597.55

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Satisfactory	2022-06-29
Progress towards achievement of PDO	Highly Satisfactory	2022-06-29
Monitoring and Evaluation	Satisfactory	2022-06-29

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-21-2022
Outcomes	Highly Satisfactory
Risk to Development Outcome
Bank Performance	Highly Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-29-2023	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Highly Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Highly Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	High	N/a
M&e Quality	High	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

PDO Indicator 1: Reduction in particulate emmisions from eligible EE and RE subprojects (thousand tons) Value 0.00 4243.00 0.00
Date July 1, 2016 June 30, 2022
Comment
PDO 2 Reduction in SO2 emmissions from eligible EE, RE, and desulfurization subprojects (thousand tons) Value 0.00 14324.00 0.00
Date July 1, 2016 June 30, 2022
Comment
PDO Indicator 3: Reduction in NOx emmissions from eligible EE, RE, and denitrification subprojects (thousand tons) Value 0.00 17068.00 0.00
Date July 1, 2016 June 30, 2022
Comment
PDO Indicator 4: Reduction in CO2 emissions from eligible EE and RE subprojects (thousand tons) Value 0.00 2876006.00 0.00
Date July 1, 2016 June 30, 2022
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Intermeidate Result Indicator 1: Total investments in eligible EE, RE and pollution abatement subprojects (million USD) Value 0.00 1773971.00 1156522.00
Date July 1, 2016 June 30, 2022 June 29, 2022
Comment

Intermediate Result Indicator 2: Subloans(for eligible EE, RE, and pollution abatement subprojects) disbursed to sub-borrowers (million USD)	Value	0.00	756529.00	826000.00
	Date	July 1, 2016	June 30, 2022	June 29, 2022
	Comment

Intermediate Result Indicator 3: Coal reduction from eligible EE and RE subprojects (thousand tce) Value 0.00 1178.69 0.00
Date July 1, 2016 June 30, 2022
Comment
Intermediate Result Indicator 4: Reduction of SO2 emissions from desulffurization subprojects (thousand tons) Value 0.00 7.55 0.00
Date July 1, 2016 June 30, 2022
Comment
Intermediate Result Indicator 5: Reduction of NOx emissions from denitrification subprojects (thousand tons) Value 0.00 11.22 0.00
Date July 1, 2016 June 30, 2022
Comment

Intermediate Result Indicator 6: Establishment of a Green Finance Center at the HXB and adoption of internal procedures for the identification, risk assessment, appraisal, and approval of green lednin	Value	0.00	1.00	0.00
	Date	July 1, 2016	June 30, 2022
	Comment

Intermediate Result Indicator 7: Number of different eligible innovative financial products for green financing deployed (number ofproducts) Value 0.00 4.00 0.00
Date July 1, 2016 June 30, 2022
Comment
Intermediate Result Indicator 8: Number of different ESCOs receiving subloans (for eligible EE and RE subprojects) (number of ESCOs) Value 0.00 9.00 0.00
Date July 1, 2016 June 30, 2022
Comment
Intermediate Result Indicator 9: Number of subprojects financed by syndicated loans ( number of projects) Value 0.00 3.00 0.00
Date July 1, 2016 June 30, 2022
Comment