World Bank backs China’s policy framework for eco-industrial parks
The World Bank has approved a $200 million loan to China for the Jiangxi Eco-industrial Parks Project, which will strengthen Jiangxi Province’s institutional and regulatory framework for eco-industrial parks.
In the Fuzhou New Industries Zone, one of the leading industrial parks in the province, support will focus on demonstration and zero-waste initiatives. This will include reduced use of plastics and improved solid waste management, and nature-based solutions and eco-system services restoration, such as public space and landscapes upgrading, pollution reduction and water quality improvement.
The project is expected to generate significant climate benefits associated with mitigation and adaptation investments such as green buildings, solid waste management and reforestation, directly contributing to a reduction in greenhouse gas emissions, environmental pollution and urban flood risks in the Fuzhou New Industries Zone.
China’s industrial sector is responsible for around 70% of environmental pollution and 72% of greenhouse gas emissions in the country and, as most industrial production takes place within industrial parks, these parks are thought to account for the majority of total resource use, pollution, and waste in the country.
