Twenty one major banks in China reached outstanding green credit of 15.1 trillion yuan (2.37 trillion US dollars) at the end of 2021, official data showed.
The figure accounted for 10.6 per cent of their total lending, said the China Banking and Insurance Regulatory Commission.
Loans channelled to the environmental protection sector can help save 400 million tonnes of standard coal consumption and reduce 700 million tonnes of carbon dioxide emissions, according to the commission.
China has encouraged the banking and insurance sector to develop green finance to support low-carbon industries, as a part of efforts to help the country achieve its carbon peaking and neutrality goals.
