The People's Bank of China introduced carbon-reduction supporting tool


The People's Bank of China will provide low-cost loans for financial institutions through the carbon-reduction supporting tool, and will guide those institutions, on the premise of independent decision-making and risk-taking, to provide loans to firms in key carbon-reduction fields. The loan interest rates provided by the financial institutions should be basically in line with the benchmark lending rates, or the loan prime rates.

The creation and launch of such a structural monetary policy tool will support the development of key fields, such as clean energy, energy conservation and environmental protection, in a steady, orderly, targeted and direct manner


the central bank requires those financial institutions to publicly disclose information on the carbon-reduction loans and the emission cuts financed by such loans),third-party professional institutions will verify such information