1. What are the projects supported by carbon reduction support tools?
Answer: 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, and is oriented to reduce carbon emissions, focusing on supporting cleanliness Three carbon emission reduction areas: energy, energy conservation and environmental protection and carbon emission reduction technology.
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's energy Safe supply and green and low-carbon transformation.
2. How do financial institutions apply for the support of carbon emission reduction support tools?
Answer: Carbon emission reduction support tools provide financial institutions with a direct mechanism of "loan first and then borrow".
Financial institutions provide carbon emission reduction loans to all types of enterprises in key areas of carbon emission reduction without discrimination under the premise of making independent decisions and assuming their own risks. The loan interest rate should be roughly the same as the market quoted interest rate (LPR) for loans of the same maturity grade.
After issuing carbon emission reduction loans to key areas, financial institutions can apply for financial support from the People's Bank of China.
The People's Bank of China provides financial support to financial institutions based on 60% of the loan principal, with an interest rate of 1.75%, a term of 1 year, and a renewable period of 2 times.
Financial institutions need to provide qualified collateral to the People's Bank of China.
3. How to achieve the emission reduction effect of carbon emission reduction support tools?
Answer: When financial institutions apply for carbon emission reduction support tools from the People's Bank of China, they need to provide carbon emission reduction data on loans related to carbon emission reduction projects and promise to disclose relevant information to the public.
Financial institutions refer to carbon emission reduction project feasibility study reports, environmental impact assessment reports, or assessment reports issued by professional institutions recognized by the market, and the proportion of loans to the total project investment to calculate the annual carbon emission reductions of the loans.
After receiving the support of carbon emission reduction support tools, financial institutions need to disclose to the public the carbon emission reduction areas supported by the carbon emission reduction support tools, the number of projects, loan amounts, weighted average interest rates, and carbon emission reduction data on a quarterly basis, and accept public supervision .
The People's Bank of China will work with relevant departments to verify the authenticity of information disclosure by financial institutions through various methods such as entrusting third-party professional inspections.
By clarifying the key areas of carbon emission reduction and strengthening financial institutions’ information disclosure of carbon emission reduction and other institutional arrangements, carbon emission reduction support tools will give full play to the effect of policy demonstrations, guide financial institutions and enterprises to fully understand the importance of green transformation, and encourage society More funds will be invested in green and low-carbon fields, advocating green production and lifestyles, circular economy and other concepts to enterprises and the public to help achieve the goal of carbon peak and carbon neutrality.