Catalyzing Climate Finance (Shandong Green Development Fund)
Catalysing private finance to maximize mitigation and adaptation impacts.
Among China’s provinces, Shandong has the highest energy consumption and is one of the most carbon-intensive - driven by its high use of coal as an energy source for its large industrial base. Limited public finance makes it difficult to meet the province’s goals to green its economy.
This project will catalyse private finance by offering adequate returns thanks through the blending of public finance, concessional donor finance, and private finance. It will support investments that maximise mitigation and adaptation initiatives across several sectors, in line with Shandong’s mitigation and adaptation policies, while tapping co-financing 7.3 times GCF’s contribution.
- Private sector
- Public sector
General media inquiriesGCF Communications
Phone +82 10 4458 7751
Request for informationGCF Information Disclosure
Request information about this project
Project complaints and grievancesGCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
File a complaint
Integrity issuesGCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
National Designated Authority
Ministry of Finance (MOF) and Ministry of Ecology and Environment (MEE)
Deputy Director, International Cooperation Division, Department of Climate Change, Ministry of Ecology and Environment
No. 45 Pingali West Street, Xicheng District, Beijing
Deputy Director, International Financial Institution Division III, Department of International Economic and Financial Cooperation, Ministry of Finance
No. 2 Sanlihe Nansanxiang, Xicheng District, Beijing, China