The China Development Bank has stepped up its loan issuance to help promote carbon sink capacity in the forestry sector amid the country's push for green development. Loans worth about 114.1 billion yuan ($17.95 billion) have been issued over the past five years in key ecological areas such as the national reserve forest construction and forest quality improvements, the policy bank said. The CDB has supported the cultivation and maintenance of forests covering nearly 4 million hectares, which are expected to absorb 72 million tons of carbon per year after China achieves its planned carbon emissions peak by 2030.
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