Hot word: Green in­dus­trial pro­ject

China Daily - - COMMENT -

Nine de­part­ments, in­clud­ing the Na­tional De­vel­op­ment and Re­form Com­mis­sion and the Min­istry of Fi­nance, have jointly is­sued an ac­tion plan on build­ing a mar­ket-ori­ented and di­ver­si­fied eco­log­i­cal pro­tec­tion com­pen­sa­tion mech­a­nism, which ad­vances de­vel­op­ing green fi­nance and sup­port­ing green in­dus­trial projects.

Ac­cord­ing to the plan, China will sup­port qual­i­fied lo­cal gov­ern­ments and so­cial cap­i­tal jointly launch­ing green de­vel­op­ment funds and green in­dus­trial projects through the pub­lic-pri­vate-part­ner­ship model un­der the premise of res­o­lutely curb­ing in­cre­ment of im­plicit debt.

The plan aims to de­velop a green credit ser­vice sys­tem, green de­vel­op­ment funds, green bonds and green in­sur­ance to con­nect eco­log­i­cal pro­tec­tion with fi­nance. These green fi­nan­cial prod­ucts are prac­ti­cal and quan­tifi­able tools for eco­log­i­cal pro­tec­tion com­pen­sa­tion.

Through the op­er­a­tion of in­no­va­tive fi­nan­cial prod­ucts in the mar­ket, we can es­tab­lish a per­fect com­pen­sa­tion mech­a­nism for re­source de­vel­op­ment, pol­lu­tant emis­sions re­duc­tion, wa­ter con­ser­va­tion, and car­bon emis­sions off­sets for eco­log­i­cal pro­tec­tion, and es­tab­lish and im­prove the dis­tri­bu­tion of green ben­e­fits. The mech­a­nism guides so­ci­ety to par­tic­i­pate in pro­tec­tion and share the ben­e­fits of eco­log­i­cal pro­tec­tion through in­vest­ment in green fi­nan­cial pro­tec­tion prod­ucts.

It is ex­pected the launch of green fi­nan­cial prod­ucts will be con­ducive to en­cour­ag­ing so­cial par­tic­i­pa­tion in eco­log­i­cal pro­tec­tion and fur­ther build­ing green de­vel­op­ment pat­tern and green life­style.

On­line See more by scan­ning the code.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.