Green loans from banks reach $1.11t

Major Chinese lenders back clean energy programs to curb pollution

Banks in China are playing their part to curb pollution and global warming by investing 7.51 trillion yuan ($1.11 trillion) in nationwide green projects.

Carbon dioxide emissions are expected to be reduced by 427 million metric tons annually as a result of these clean energy programs, a report has revealed, while 602 million tons of water will be conserved every year.