The “Green Financing Platform Project” (referred to as “the Project”) is a loan project executed and implemented by China National Investment and Guaranty Corporation (referred to as “I&G”). I&G is a holding subsidiary of State Development & Investment Corp., Ltd. The Project was approved by the ADB board on 12 December 2016 with a €458 million loan and a term of 15 years. With sovereign loan from ADB and by way of financial intermediation loan, the Project establishes a green financing platform, aiming to promote the launch and implementation of air quality improvement subprojects in the Greater Beijing-Tianjin-Hebei Region through comprehensive utilization of credit enhancement, investment and financing and other means for special operation and management of funds. The Project covers fields of energy conservation and emission reduction, clean energy utilization, green transportation and waste to energy. By the end of 2018, thirty subprojects have been implemented, with a total loan of 1.77 billion RMB and a total social investment of 6.302 billion RMB. It is estimated that there would be an annual energy conservation of 1,070,800 tce, annual emissions reduction of CO2 by 2,138,900 tons, SO2 by 27,600 tons, NOx by 6,217.6 tons and PM by 68,100 tons after these subprojects are completed and put into operation.