Beijing, China, December 17, 2019

AIIB Invests USD500M for Low-Carbon Energy, Air Quality Improvement in China

The Asian Infrastructure Investment Bank (AIIB) is investing USD500 million to support China’s efforts to transition to a lower-carbon energy future. The Beijing-Tianjin-Hebei Low Carbon Energy Transition and Air Quality Improvement Project aims to increase the availability of natural gas to help reduce coal consumption and related emissions in the region surrounding China’s capital.

With a population of around 112.7 million1, the Beijing-Tianjin-Hebei region is one of the most important economic engines within China. However, it has been facing the dual challenges of increasing energy demand and addressing air pollution, which directly affect the quality of life of local residents. China is endeavoring to control coal consumption as part of its commitments under the Paris Agreement to peak its carbon dioxide emissions by 2030. Reducing coal consumption will also deliver the co-benefit of improving air quality. To meet its environmental commitments and still ensure adequate gas supply to maintain peoples’ livelihoods, an emergency reserve capacity is required. This became evident during a gas shortage which occurred in the winter of 2017/2018.

The project is AIIB’s first sovereign-backed financing in China. It involves the construction of a liquefied natural gas (LNG) terminal in Binhai District, Tianjin Municipality, covering LNG receiving, storage and regasification facilities and an unloading wharf.  AIIB financing will be used in the construction of LNG receiving, storage and regasification facilities. The project will be implemented by Beijing Gas Group Company Limited.

Upon completion, the project will reduce coal consumption by approximately 11.9 million tons per year and help improve air quality by reducing a significant amount of coal combustion-related emissions such as CO2, SO2, NOx and particulate matters in the Beijing-Tianjin-Hebei region.

“The project will support China’s efforts to fulfill its commitments under the Paris Agreement, and strengthen and contribute to the global response to the threat of climate change,” said AIIB Vice President and Chief Investment Officer D.J. Pandian. “It aligns well with AIIB’s commitment to sustainable energy for Asia and reducing the carbon intensity of energy supply.”

With this project, AIIB can augment its institutional capacity and expertise in LNG infrastructure for similar projects in other members.

Additional information about the project can be found here.


1 China Statistics Yearbook, 2019. (2018 data)



About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 100 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.

Logos for Download

Our logo is available in JPEG and PDF format.


Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683


More News Articles

Beijing, May 30, 2023

AIIB Supports Multilateral Transport Initiative for Improved Transport Data

The Asian Infrastructure Investment Bank (AIIB) is engaging with the Asian Transport Outlook (ATO) initiative to strengthen the knowledge base on transport in the Asia-Pacific region.


Beijing, May 19, 2023

AIIB Appoints a New External Member of its Audit and Risk Committee

The Asian Infrastructure Investment Bank (AIIB) has appointed Teresa Lin as external member of the Audit and Risk Committee (ARC) of the Board of Directors. Lin’s term follows the end of the three-year term of Ai Phing Cheng in April 2023. Elisabeth Stheeman continues to serve as external member to the ARC.


Beijing, May 11, 2023

AIIB Issues First Climate Adaptation Bond Targeting Resilient Infrastructure

The Asian Infrastructure Investment Bank (AIIB) has successfully priced its first Climate Adaptation Bond, a thematic bond issued under the AIIB Sustainable Development Bond Framework. The 5-year bond raised AUD500 million, and the proceeds will be allocated to projects that have an estimated climate adaptation finance portion of 20 percent or greater of the total project financing.


Beijing/London, April 27, 2023

Research Shows How AIIB-Amundi Climate Change Investment Framework Can Guide Investors

The Asian Infrastructure Investment Bank (AIIB), Amundi and Climate Bonds Initiative (CBI) announce the publication of the Companies and Climate Change report, developed by Fitch Solutions, the Carbon Trust, and CBI. This report presents the first research application of the AIIB-Amundi Climate Change Investment Framework (CCIF).


Home Media Center AIIB News AIIB Invests USD500M for Low-Carbon Energy, Air Quality Improvement in China