SHANGHAI aims to educate its residents and enterprises on developing a green economy during a publicity week, the Shanghai Commission of Economy and Information Technology said in a note yesterday.

During the publicity week which ends on Saturday, the city government is expected to sign a contract with the local branches of 10 banks to set aside 50 billion yuan (US$7.6 billion) for energy-saving projects. The banks can lend up to that amount to companies involved in energy-saving and environmental protection, with the invested projects being used as mortgages.