Intensive deployment of "double carbon" support policies and accelerated the formation of capital "guarantee network"

Recently, many departments have made an intensive voice, releasing a new round of signal of financial support to ensure the goal of carbon peaking and carbon neutralization (hereinafter referred to as "double carbon"). Improving the green financial evaluation system, guiding the financial system to provide financing support, and mobilizing more social funds to support green and low-carbon development will become the next policy starting point. As an important tool of financial support for the "double carbon" goal, the carbon emission reduction support tool is ready, and the next step will enter the release and implementation stage.

Ministries and commissions intensively voice and deploy fund "guarantee network"

Recently, many ministries and commissions such as the people's Bank of China, the national development and Reform Commission and the Ministry of ecological environment have made an intensive voice, emphasizing that they will further mobilize the enthusiasm of financial institutions and social funds and organize a "safety net" of "double carbon" funds.

Li Gao, director of the climate change Department of the Ministry of ecology and environment, recently said at the 2021 meeting of the International Academy of green finance of the Central University of Finance and economics that promoting the systematic response of the financial system is of special significance to the implementation of the national strategy to actively respond to climate change and the realization of the "double carbon" goal. "To this end, we actively promote climate investment and financing together with the competent financial authorities, financial regulatory authorities and investment authorities."

Chen Hongwan, director of the Department of Finance and credit construction of the national development and Reform Commission, said that the "double carbon" goal puts forward new and higher requirements for the development of green finance. Achieving carbon neutrality requires a huge amount of investment. We should guide the financial system to provide financing support in a market-oriented way.

At the 2021 annual meeting of the green finance professional committee of the China finance society, Chen Yulu, vice president of the people's Bank of China, said that the low-carbon transformation of high-carbon industries and enterprises needs a lot of financial support. The current green financial system can not fully cover the transformation financial activities. We should deeply study how to establish the definition standards, disclosure requirements, incentive mechanism and supporting measures of transformation finance, Carry out pilot projects and issue corresponding guidance. Wang Xin, director of the Research Bureau of the people's Bank of China, recently wrote an article in China finance and suggested that priority should be given to exploring innovative monetary policy tools in the Great Bay area of Guangdong, Hong Kong and Macao to support the development of green finance. For example, create a refinancing mechanism to support green transformation projects, study reducing the risk weight of bank green credit assets, and set differentiated reserve ratio according to the scale of bank green credit.

Gao Li, spokesman of China Securities Regulatory Commission, said at a regular press conference not long ago that she would further improve the green stock index system, support index institutions and market institutions to cooperate in the development of relevant financial products, and better serve the high-quality development of green industry.

Previously, in response to the relevant suggestions of the deputies to the National People's Congress, the Ministry of Finance said that it was taking the lead in drafting the guiding opinions on financial support for carbon peak and carbon neutralization, which planned to enrich and improve a series of fiscal and tax support policies, actively build a fiscal and tax policy system to effectively promote green and low-carbon development, and give full play to the basic and important pillar role of Finance in national governance, Guide and drive more policies and social funds to support green and low-carbon development.Intensive deployment of "double carbon" support policies and accelerated the formation of capital "guarantee network"