According to data released by the People's Bank of China, as of the end of the fourth quarter of 2024, the total balance of green loans in both domestic and foreign currencies reached 36.6 trillion yuan, reflecting a 21.7% year-on-year increase.
Source: People’s Daily
According to data released by the People's Bank of China, as of the end of the fourth quarter of 2024, the total balance of green loans in both domestic and foreign currencies reached 36.6 trillion yuan, reflecting a 21.7% year-on-year increase. This growth rate outpaced the overall loan growth by 14.5 percentage points, with an annual increase of 6.52 trillion yuan. Of the total, 12.25 trillion yuan and 12.44 trillion yuan were allocated to projects with direct and indirect carbon reduction benefits, respectively, together making up 67.5% of the green loan portfolio.
Breaking down the loans by sector, the balance of loans for infrastructure green upgrades, clean energy, and energy-saving and environmental protection industries stood at 15.68 trillion yuan, 9.89 trillion yuan, and 5.04 trillion yuan, respectively. These sectors saw year-on-year growth rates of 19.8%, 25.6%, and 19.6%, with annual increases of 2.6 trillion yuan, 2.02 trillion yuan, and 824.4 billion yuan.
By industry, green loans for the electricity, heat, gas, and water production and supply sectors totaled 8.85 trillion yuan, reflecting a 20.9% year-on-year increase, with an annual growth of 1.52 trillion yuan. Meanwhile, green loans for transportation, storage, and postal services amounted to 5.92 trillion yuan, marking an 11.5% year-on-year growth, with an annual increase of 614.5 billion yuan.