As an infrastructure investment bank, AIIB is concerned with how low-carbon infrastructure can help reduce emissions and promote sustainable development. It is investing in several transport, energy and water projects that will help reduce pollution or generate renewable energy.
- The construction of a new 7.2-kilometer, 7-station metro line extension under the Turkey Izmir Metro Phase 4: Fahrettin Altay - Narlidere Kaymakamlık Line project will connect the western areas located between Fahrettin Altay and Narlidere Kaymakamlik with the city center of Izmir, the third largest metropolitan municipality in Turkey. Metros and railways are a good example of low-carbon infrastructure as they provide the community with cleaner and more efficient alternatives to road vehicles, thus significantly contributing to lower greenhouse gas (GHG) emissions and pollutants from private cars. AIIB is partnering with the European Bank for Reconstruction and Development (EBRD), the Black Sea Trade and Development Bank (BSTDB), and Société Générale on this project.
- The Zhanatas 100 MW Wind Power Plant is AIIB’s first onshore wind power project, first project in Kazakhstan and first AIIB-led cofinanced project with the Eurasian Development Bank and EBRD. The wind farm aims to provide a sustainable and environmentally friendly source of renewable energy for the region and allow Kazakhstan to meet its commitment to produce three percent of total energy from renewable sources. AIIB is helping Kazakhstan reduce the project’s financing gap by mobilizing private capital and arranging the inflow of other funding sources. Once completed, the Zhanatas wind power plant will become the largest wind farm in Central Asia and avoid GHG emissions while generating clean electricity, or approximately 319 GWh per annum or 0.3 percent of total electricity generation in the country.