China News Service, Beijing, November 19 (Reporter Wang Enbo) The China Banking and Insurance Regulatory Commission revealed on the 19th that as of the end of September this year, the green credit balance of 21 major banking institutions in China reached RMB 14.08 trillion, an increase of more than 21% from the beginning of the year.
The overall quality of green credit assets is good, and the non-performing loan ratio has remained below 0.7% in the past five years, which is far lower than the overall non-performing level of various loans in the same period.
A spokesperson of the China Banking and Insurance Regulatory Commission introduced that day, according to the ratio of credit funds to the total investment of green projects, the 21 major banking institutions mentioned above are expected to save more than 400 million tons of standard coal each year and reduce carbon dioxide equivalent emissions by more than 700 million tons.
The development of green credit has not only helped financial institutions optimize their asset structure and promoted the quality and upgrading of the financial industry, but also achieved significant emissions reduction effects.
In terms of insurance, the government supports insurance institutions to standardize and innovate to launch insurance products and services that meet the needs of green and low-carbon development. At present, there are nearly zero-carbon auto insurance, heavy rainfall catastrophe index insurance, crop fertilizer and pesticide reduction and efficiency increase insurance, and green building There have been some explorations in performance insurance and clean energy insurance, and the insurance protection and risk compensation functions in key areas and industries have been continuously strengthened.
Talking about the next step, the spokesperson said that there must be a full and rational understanding of the strategic significance, importance and arduousness of achieving carbon neutrality. This is something that must be done and can be done well. Bank insurance Institutions are incumbent on it.
It is necessary to improve the green financial policy system, complete the green financial supervision measures, formulate green financial information disclosure guidelines, and provide guidance for financial institutions to comprehensively measure their carbon footprint and strengthen climate and environmental risk management.
The spokesperson also mentioned that it is necessary to give play to the role of policy incentives, strengthen the connection with the People’s Bank of China’s carbon emission reduction support tools, and guide financial institutions to increase their commitment to green and low-carbon transportation, green buildings, clean renewable energy, new power systems, and carbon reduction. The financial support of anti-disaster technology, the use of insurance as a tool, improve the level of risk protection for disaster prevention and mitigation, and enhance the ability of enterprises and residents to resist disasters.
In addition, it is necessary to resolutely do a good job in ensuring energy security, not to engage in “one size fits all” “movement” carbon reduction, to provide reasonable credit support to eligible coal power and coal enterprises and projects, not to blindly draw or cut loans, and strengthen Financial support for the clean and efficient use of coal will promote more investment in energy security and green and low-carbon development.
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