Hubei Yichang Energy Transition and Industrial Decarbonization Project

pipeline

The Project aims to reduce emissions, focusing on the hard-to-abate sectors in Yichang city. The proposed project is structured as investment project financing (IPF) to provide investment financing for supporting energy transition and emission reduction in Yichang city and Yiling district. The investments will primarily be at Yiling district level, while the institutional development and capacity building will be at the Yichang municipal level. This proposed project intends to adopt a holistic approach to reduce carbon emissions in all key energy-consuming sectors, contributing to the dual carbon goals in Yichang city and Yiling district. Since carbon emissions in Yiling district primarily come from the hard-to-abate industrial, transport, and building sectors, the investments will mainly focus on decarbonizing these sectors. For the power sector, this project will finance a biomass co-generation plant and pilot an innovative technology of CCUS to generate negative emissions.