Zhongxin Finance, March 4. On the 4th, the Research Bureau of the Central Bank released an article titled "Green Finance Helps Carbon Reach Peak and Carbon Neutrality", which mentioned that the People's Bank of China, together with relevant departments, will continue to improve the legal disclosure system of environmental information, requiring financial The institution publicly discloses information such as the issuance of carbon emission reduction loans and the amount of carbon emission reduction driven by the loan, and is verified and verified by a third-party professional organization, so that the use of every cent of green funds is subject to public supervision, and "green washing" is not allowed. successful behavior.
In terms of improving the mechanism and making green finance "applaud and popular", the article said that in 2021, the People's Bank of China will create and launch two new structural monetary policy tools to encourage social funds to invest more in green and low-carbon fields, one is carbon emission reduction The other is a special re-loan to support the clean and efficient utilization of coal.
The two tools insist on "establishing first and then breaking down", encouraging "walking on two legs", and continuing to support the clean and efficient utilization of coal and coal power while developing clean energy.
For commercial bank loans that meet the requirements, the People's Bank of China will provide low-cost capital support based on a certain proportion of the loan principal, and the interest rate is 1.75%, which is the most favorable interest rate of the People's Bank of China.
Up to now, the People's Bank of China has supported financial institutions to issue loans of 230.8 billion yuan and 13.4 billion yuan respectively through two tools, of which carbon emission reduction loans drive annual carbon emission reductions of 47.86 million tons of carbon dioxide equivalent.
In terms of encouraging innovation and making the financial market "interested" in green products, the article mentioned that through a series of institutional arrangements such as encouraging financial product innovation, improving securities issuance systems, standardizing transaction processes, and enhancing transaction transparency, my country has initially formed a series of institutional arrangements. Multi-level green financial products and market systems such as green loans, green bonds, green insurance, green funds, green trusts, and carbon financial products.
As of the end of 2021, the balance of green loans in domestic and foreign currencies in my country was 15.9 trillion yuan, a year-on-year increase of 33%, ranking first in the world in terms of stock size.
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.
At the same time, the matching of green bond terms is more reasonable, and the cost advantage is gradually emerging.
According to statistics, compared with comparable ordinary bonds (non-green bonds issued by the same issuer in the quarter and excluding the term premium factor), 77% of green bonds in 2021 have an issuance cost advantage.
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