Original title: The Central Committee of the Communist Party of China and the State Council: Establishing a Monetary Policy Tool for Carbon Emission Reduction and Studying the Establishment of a National Low-Carbon Transformation Fund
The “Opinions on the Complete, Accurate and Comprehensive Implementation of the New Development Concept to Do a Good Job in Carbon Peak and Carbon Neutrality” issued by the Central Committee of the Communist Party of China and the State Council was released on October 24. As the “1” in the “1+N” policy system of carbon peak carbon neutralization, the opinions are to conduct systematic planning and overall deployment for the major work of carbon peak carbon neutralization.
The “Opinions” require that the policy mechanism be improved. include:
Improve investment policies. Give full play to the guiding role of government investment, build an investment and financing system compatible with carbon peaks and carbon neutrality, strictly control investment in high-carbon projects such as coal power, steel, electrolytic aluminum, cement, and petrochemicals, and increase energy conservation, environmental protection, and new energy. , Low-carbon transportation equipment and organization methods, carbon capture, utilization and storage and other projects. Improve policies to support the participation of social capital to stimulate the vitality of green and low-carbon investment by market players. State-owned enterprises should increase green and low-carbon investment and actively carry out research and development and application of low-carbon, zero-carbon and negative-carbon technologies.
Actively develop green finance. Promote the development of green and low-carbon financial products and services in an orderly manner, set up carbon emission reduction monetary policy tools, incorporate green credit into the macro-prudential assessment framework, and guide banks and other financial institutions to provide long-term, low-cost funds for green and low-carbon projects. Encourage development-oriented policy financial institutions to provide long-term stable financing support for achieving carbon peaks and carbon neutrality in accordance with the principles of marketization and rule of law. Support qualified companies to go public for financing and refinancing for the construction and operation of green and low-carbon projects, and to expand the scale of green bonds. Study the establishment of a national low-carbon transition fund. Encourage social capital to set up green and low-carbon industry investment funds. Establish and improve a green financial standard system.
Improve fiscal and tax pricing policies. Finances at all levels should increase their support for the development of green and low-carbon industries and technology research and development. Improve government green procurement standards and increase the procurement of green and low-carbon products. Implement tax incentives for environmental protection, energy and water conservation, new energy and clean energy vehicles and ships. Research on tax policies related to carbon emission reduction. Establish a sound pricing mechanism that promotes the large-scale development of renewable energy. Improve policies for differentiated electricity prices, time-of-use electricity prices, and tiered electricity prices for residents. It is strictly forbidden to implement electricity price concessions for high energy-consuming, high-emission, and resource-based industries. Accelerate the reform of heat supply metering and charge according to heat supply. Accelerate the formation of a reasonably binding carbon price mechanism.
Promote the construction of market-oriented mechanisms. Relying on the public resource trading platform, accelerate the construction and improvement of the national carbon emission trading market, gradually expand the market coverage, enrich the trading varieties and trading methods, and improve the allocation and management of allowances. Incorporate carbon sink trading into the national carbon emissions trading market, and establish and improve an ecological protection and compensation mechanism that can reflect the value of carbon sinks. Improve carbon emission reporting and information disclosure systems for enterprises and financial institutions. Improve the system of paid use and trading of energy rights, and accelerate the construction of a national energy rights trading market. Strengthen the coordination of electricity trading, energy rights trading and carbon emissions trading. Develop market-oriented energy-saving methods, implement contract energy management, and promote comprehensive energy-saving services.
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Editor in charge: Li Linlin
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