The People’s Bank of China launched a carbon emission reduction support tool to adopt a direct mechanism of “loan first and then borrow” funds
Market Information Network 2021-11-09 17:50:07 Source: People’s Daily Online Comment:
People’s Daily Online, Beijing, November 9 (Reporter Luo Zhizhi) According to the official website of the People’s Bank of China, the People’s Bank of The development of key areas such as energy conservation and environmental protection, carbon emission reduction technology, and leveraging more social funds to promote carbon emission reduction. The relevant person in charge of the People’s Bank of China said that carbon emission reduction support tools provide financial institutions with a direct mechanism of “loan first and then borrow”.
The above-mentioned person in charge introduced that in order to ensure that carbon emission reduction support tools accurately support areas with significant carbon emission reduction effects, the People’s Bank of China, in conjunction with relevant departments, follows the principle of intersecting various domestic standards and conforming to international standards to reduce carbon emissions as the guide. Focus on supporting the three carbon emission reduction areas of clean energy, energy conservation and environmental protection, and carbon emission reduction technologies. In the early stage, the key areas of carbon emission reduction highlighted “small and refined”, and focused on supporting industries that are in the initial stage of development, but there is more room for promoting carbon emission reduction, and a certain amount of financial support can bring significant carbon emission reduction effects.
Specifically, the clean energy field mainly includes wind power generation, solar energy utilization, biomass energy utilization, pumped storage, hydrogen energy utilization, geothermal energy utilization, ocean energy utilization, heat pumps, high-efficiency energy storage (including electrochemical energy storage), smart Power grid, large-scale wind power photovoltaic source grid integrated load storage project, household distributed photovoltaic whole county promotion, cross-regional clean power transmission system, emergency backup and peak shaving power supply, etc. The energy conservation and environmental protection fields mainly include energy efficiency improvement in the industrial field, and the transformation of new power systems. The technical fields of carbon emission reduction mainly include carbon capture, storage and utilization. The scope of follow-up support can be adjusted according to industry development or policy needs.
“The carbon emission reduction support tool is’addition’. Incremental funds are used to support investment and construction in key areas such as clean energy, thereby increasing the overall energy supply capacity. Financial institutions should provide financing support in accordance with the principles of marketization and rule of law to help the country Energy security and supply and green and low-carbon transition.” The person in charge said.
How do financial institutions apply for the support of carbon emission reduction support tools? The relevant person in charge of the People’s Bank of China said that carbon emission reduction support tools provide financial institutions with a direct mechanism of “loan before borrowing”. Financial institutions, under the premise of making independent decisions and assuming their own risks, provide carbon emission reduction loans to all types of enterprises in key areas of carbon emission reduction.
“Financial institutions can apply for financial support from the People’s Bank of China after issuing carbon emission reduction loans to key areas. The People’s Bank of China provides financial support to financial institutions at 60% of the loan principal, with an interest rate of 1.75%, a period of 1 year, and a renewal period of 2 times. . Financial institutions need to provide qualified collateral to the People’s Bank of China.” The person in charge said.
In order to ensure the accuracy and direct accessibility of carbon emission reduction support tools, the People’s Bank of China requires financial institutions to publicly disclose information on the issuance of carbon emission reduction loans and the amount of carbon emission reductions driven by the loans, and third-party professional organizations verify this information Verify and accept public supervision.
Editor in charge: Liu Yuan
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