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European Investment Bank

On the 3rd of December 2010, the Chinese Ministry of Finance and the European Investment Bank signed the “Climate Change Framework Loan II” pact, allowing a 500 million Euros loan for China to support the country’s response for the climate change, reducing the emission of greenhouse gases and related pollutants. The loan is mainly to be used for renewable energy, clean energy, energy efficiency, energy conservation and other related fields.

As a result of the 2007 EU-China Summit, the Chinese Ministry of Finance and the European Investment Bank in November 2007 signed the “Climate Change Framework Loan” pact, allowing a 500 million Euros loan, including 14 sub-projects in 12 provinces (and autonomous regions) in the fields of wind power, small hydropower plant, solar energy, thermal energy, carbon sink forests, biomass forests and so on. The overall progress of these projects was definitely positive; the energy saving efficiency of the projects put into operation is obvious.

Hungarian Ambassador Sándor Kusai at a press conference