Photo taken on April 13, 2022 shows a wind farm in Binhai New Area, north China's Tianjin. (Xinhua/Sun Fanyue)
BEIJING, Dec. 2 (Xinhua) -- The Tianjin branch of the People's Bank of China (PBOC) has encouraged financial institutions to issue a total of 8.08 billion yuan of carbon emission reduction loans to 88 projects by the end of September, driving 9.186 million tonnes of carbon emission reduction per year and bringing significant environmental benefits, Chinanews.com reported Thursday.
In recent years, Tianjin has made positive progress in the aspects of launching incentive and constraint policies, standard formulation, information disclosure and market facilitation, which not only creates conditions for the green and high-quality economic development and the realization of the carbon peaking and carbon neutrality goals, but also accumulates practical experience which will play a positive role in promoting the development of green finance in the future.
In 2022, the Tianjin branch of PBOC has launched innovative financial products such as carbon performance-linked loans and carbon-neutral bonds and organized financial leasing companies to study and standardize the green leasing service process and formulate green leasing industry standards with third-party institutions.
At the same time, the Tianjin branch also issued the guidelines for green rating evaluation and recognition of Tianjin's green projects and enterprises, laying a solid foundation for the standardized development of the city's green economy, and actively supported the facilitation of cross-border green investment and financing to expand green investment and financing channels.
(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)
A single purchase
