BEIJING, July 9 (Xinhua) -- China has started soliciting public opinions on the draft catalogue of green bond-backed programs (2020 version) to standardize green bond-supported projects and sectors from Wednesday, according to a circular posted by Chinese central bank on its website.
The draft catalogue was formulated after adjustment and amendment to previous versions in an effort to better adapt to China's developing green bond market, changing green industry content and technological standards, ecological civilization construction targets and green finance international cooperation situations.
As the circular said, it is necessary to standardize as soon as possible the scope of green bond-backed programs and gradually realize unification of related standards and requirements with generally-accepted international counterparts.
Compared with previous versions, the 2020 draft catalogue divided the catalogue of guided green industry sectors (2019 version) into four layers, of which the first layer contains energy saving and environmental protection, clean production, clean energy, ecology and environment, green upgrading of infrastructure and green services.
For the second and third layers, classification of green agriculture, sustainable construction, water resources conservation and non-regular water resources utilization, which were included in the 2019-version catalogue of guided green industry sectors, were added.
The fourth layer was in line with relevant classifications in the version of last year.
It is worth noting that the new draft version deleted classified types of fossil energy clean utilization to keep in line with international standards and included part of the programs-related trade and consumption financing activities contained in the 2019 version catalogue of guided green industry sectors to better reflect the completeness of green bond-backed green industry chains and operability of the new draft catalogue. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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