The Asian Development Bank (ADB) has approved a loan for 499 million US dollars to set up a regional emission-reduction and pollution-control facility as part of a support program to improve the air quality in the Beijing-Tianjin-Hebei region.
The facility will showcase how advanced technologies, including hydrogen-based low-emission transport and geothermal-based district heating, can be adopted on a large scale by major emitting industries and enterprises, according to the ADB.
The facility will be managed and administered by the China Energy Conservation and Environmental Protection Group, China's largest state-owned enterprise focusing on energy conservation and environmental protection.