The “Eleventh Five-Year Plan†of the National Environmental Protection issued by the State Council in recent days has been clearly defined in the form of planning for the first time. It has cultivated a group of advantageous enterprises and enterprise groups with independent brands, strong core technology capabilities, high market share, and capable of providing more employment opportunities. Therefore, the environmental protection industry has become the emerging pillar industry of the national economy. This means that there will be close to 600 billion yuan in the "Eleventh Five-Year Plan" period. The area of ​​investment in energy conservation and emissions reduction needs the support of the investment and financing departments.
First, on the source of energy-saving and emission-reduction funds, the state encourages the management of industrial pollution in accordance with the “polluter responsibility†principle and is held responsible by enterprises. This tells us that existing energy-saving and emission-reduction investments should be resolved by enterprises using their own funds or bank loans. Newly expanding and renovating investment in energy-saving and emission-reducing projects requires the use of market mechanisms to attract social investment, especially from the financial system. Zhou Shengxian, director of the State Environmental Protection Administration, said that with the continuous development of China's environmental protection industry, the environmental protection industry will usher in a broader market space. In the “Eleventh Five-Year Planâ€, the realization of energy-saving and emission reduction targets for reducing the energy consumption per unit of GDP by about 20% in 2010 and reducing the total discharge of major pollutants by 10% does not require financial capital support.
Second, during the “Eleventh Five-Year Plan†period, the state is expected to collect 75 billion yuan of sewage charges for pollution control and actively support energy conservation and emission reduction projects. However, there is still a long way to go from the market demand of 600 billion yuan. Therefore, the State encourages banks, especially policy banks, to provide loan support for reimbursable environmental infrastructure construction projects and corporate pollution control projects, explore the establishment of environmental liability insurance and environmental risk investment, actively expand the use of foreign investment channels, and continue to strive for international organizations and Foreign government grants and concessional loans.
Third, energy conservation and emission reduction needs technological innovation supported by the financial industry. Driven by capital power, China will increase its opening to the outside world and implement the strategy of introducing and going abroad to support all types of ownership enterprises in the field of energy conservation and emission reduction.
Fourth, we must use financial markets to encourage and guide the optimization and upgrading of industrial structure and changes in economic growth patterns. The financial system shall provide support and rationale for market and policy support from strengthening the social responsibility awareness and risk prevention awareness of financial institutions in respect of environmental protection, energy saving and emission reduction, establishing an effective information mechanism, and the allocation of production capacity that is compatible with environmental carrying capacity. The price plays a role in market fundamentals and other angles to start.
Fifthly, the issuance of special bonds for pollution control and emission reduction in various regions has begun. Shandong Laiwu and other places have actively promoted qualified energy conservation and environmental protection companies to provide direct financing services by issuing short-term financing bonds and corporate bonds. "Green credit" is also an effective way for the financial industry to fulfill its "corporate citizenship" responsibilities. The State Environmental Protection Administration is also working with relevant departments in accordance with the requirements of environmental protection to formulate a list of industries, technologies and products for encouragement, restriction, and prohibition, as well as documents for providing environmental protection law enforcement information to financial institutions to guide commercial banks in launching green credits. Gradually strengthen cooperation with securities and insurance agencies and promote the formation of a green capital market. Therefore, "green credit" will become the trend and trend of the banking industry.
First, on the source of energy-saving and emission-reduction funds, the state encourages the management of industrial pollution in accordance with the “polluter responsibility†principle and is held responsible by enterprises. This tells us that existing energy-saving and emission-reduction investments should be resolved by enterprises using their own funds or bank loans. Newly expanding and renovating investment in energy-saving and emission-reducing projects requires the use of market mechanisms to attract social investment, especially from the financial system. Zhou Shengxian, director of the State Environmental Protection Administration, said that with the continuous development of China's environmental protection industry, the environmental protection industry will usher in a broader market space. In the “Eleventh Five-Year Planâ€, the realization of energy-saving and emission reduction targets for reducing the energy consumption per unit of GDP by about 20% in 2010 and reducing the total discharge of major pollutants by 10% does not require financial capital support.
Second, during the “Eleventh Five-Year Plan†period, the state is expected to collect 75 billion yuan of sewage charges for pollution control and actively support energy conservation and emission reduction projects. However, there is still a long way to go from the market demand of 600 billion yuan. Therefore, the State encourages banks, especially policy banks, to provide loan support for reimbursable environmental infrastructure construction projects and corporate pollution control projects, explore the establishment of environmental liability insurance and environmental risk investment, actively expand the use of foreign investment channels, and continue to strive for international organizations and Foreign government grants and concessional loans.
Third, energy conservation and emission reduction needs technological innovation supported by the financial industry. Driven by capital power, China will increase its opening to the outside world and implement the strategy of introducing and going abroad to support all types of ownership enterprises in the field of energy conservation and emission reduction.
Fourth, we must use financial markets to encourage and guide the optimization and upgrading of industrial structure and changes in economic growth patterns. The financial system shall provide support and rationale for market and policy support from strengthening the social responsibility awareness and risk prevention awareness of financial institutions in respect of environmental protection, energy saving and emission reduction, establishing an effective information mechanism, and the allocation of production capacity that is compatible with environmental carrying capacity. The price plays a role in market fundamentals and other angles to start.
Fifthly, the issuance of special bonds for pollution control and emission reduction in various regions has begun. Shandong Laiwu and other places have actively promoted qualified energy conservation and environmental protection companies to provide direct financing services by issuing short-term financing bonds and corporate bonds. "Green credit" is also an effective way for the financial industry to fulfill its "corporate citizenship" responsibilities. The State Environmental Protection Administration is also working with relevant departments in accordance with the requirements of environmental protection to formulate a list of industries, technologies and products for encouragement, restriction, and prohibition, as well as documents for providing environmental protection law enforcement information to financial institutions to guide commercial banks in launching green credits. Gradually strengthen cooperation with securities and insurance agencies and promote the formation of a green capital market. Therefore, "green credit" will become the trend and trend of the banking industry.
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