China News Service, Beijing, March 4 (Reporter Xia Bin) The Research Bureau of the People's Bank of China issued a document on the 4th, revealing that as of the end of 2021, the balance of green loans in domestic and foreign currencies in China was 15.9 trillion yuan (RMB, the same below), a year-on-year increase of 33%. The scale ranks first in the world.

In 2021, the issuance of domestic green bonds will exceed 600 billion yuan, a year-on-year increase of 180%, and the balance will reach 1.1 trillion yuan.

  According to the Research Bureau of the Central Bank, through a series of institutional arrangements such as encouraging financial product innovation, improving securities issuance systems, standardizing transaction processes, and enhancing transaction transparency, China has initially formed green loans, green bonds, green insurance, green funds, green trusts, Carbon financial products and other multi-level green financial products and market systems.

  In 2021, in accordance with the principles of marketization, rule of law, and internationalization, the central bank will create two new structural monetary policy tools, the carbon emission reduction support tool and the special re-lending to support the clean and efficient use of coal, to encourage more social funds to invest in green and low-carbon field.

The research bureau of the central bank stated that the two tools insist on "establishing first and then breaking", encouraging "walking on two legs", and continuing to support the clean and efficient utilization of coal and coal power while developing clean energy.

  Data show that up to now, the central bank has supported financial institutions to issue loans of 230.8 billion yuan and 13.4 billion yuan through two tools, of which carbon emission reduction loans drive annual carbon emission reductions of 47.86 million tons of carbon dioxide equivalent.

  While vigorously developing green finance, it is also necessary to strengthen supervision so that green finance information is "exposed to the sun".

It is reported that the central bank, together with relevant departments, has continuously improved the environmental information disclosure system in accordance with the law, requiring financial institutions to publicly disclose information such as the issuance of carbon emission reduction loans and the amount of carbon emission reduction driven by the loans, and verification and verification by third-party professional institutions, so that each The use of divided green funds is subject to public supervision, and the "greenwashing" behavior is not allowed to succeed.

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