Corporate pollution can be funded by ADB

Domestic companies' environmental protection and pollution control projects are expected to receive funding from the Asian Development Bank. The State Economic and Trade Commission is now working with ADB to help companies adopt cleaner technologies and promote cleaner production.

This project, with technical assistance from ADB and led by the State Economic and Trade Commission, has been launched in Beijing. The project will propose the clean production financing mechanism suitable for China's national conditions through researching the issues of organizational structure, policies, and investment in the development and promotion of cleaner production technologies, as well as case studies; It is planned to optimize a number of cleaner production in typical regions in China. The project, with the support of the Asian Development Bank and other international financial institutions, helps companies adopt cleaner technologies and promote cleaner production.

At present, domestic companies are not enthusiastic about the application of cleaner production technologies, mainly because of the lack of preferential policies to encourage companies to carry out cleaner production, and companies lack the channels for clean production investment and financing and access to cleaner production technologies. The project of cooperation between the State Economic and Trade Commission and the Asian Development Bank is expected to change this situation.

Cleaner production refers to the continuous application of comprehensive preventive environmental policies to production processes, products, and services to increase efficiency and reduce harm to the environment.