Focusing on achieving the strategic goals of carbon peak and carbon neutrality, the central bank will set up carbon emission reduction support tools to guide the flow of financial resources to green and low-carbon industries

The People's Bank of China recently held a forum in Beijing on the optimization and adjustment of the credit structure of 24 major banks across the country to make arrangements for the next stage of optimizing the credit structure. The meeting proposed to set up carbon emission reduction support tools around the strategic goals of carbon peak and carbon neutrality, guide commercial banks to increase support for carbon emission reduction investment and financing activities in accordance with market-oriented principles, and leverage more financial resources to tilt towards green and low-carbon industries.

The meeting proposed that commercial banks should strictly implement green finance standards, innovate products and services, strengthen information disclosure, and adjust the allocation of credit resources in a timely manner. We will further increase support for scientific and technological innovation and manufacturing, increase the proportion of loans to the manufacturing industry, and increase the provision of credit for high-tech manufacturing industries. (Wu Qiuyu)

(Redirected from "People's Daily", the official account of the National Energy Administration）