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Zou Jiayi, Ministry of Finance: 4 156 PPP projects have been signed nationwide.
Zou Jiayi, member of the Party Group and Vice Minister of the Ministry of Finance of China, said at the Global Wealth Management Forum 202 1 Beijing Summit on July 24th that green development needs fiscal policy to play an important role. The difficulty of green development lies in both green and development, which often leads to additional costs. The role of fiscal policy lies in, on the one hand, internalizing the negative external costs caused by pollution through taxation and other policies; On the other hand, fiscal and tax policies support green production methods and lifestyles and compensate for the extra costs of green development.

She said that the Ministry of Finance has thoroughly implemented the concept of green development, actively introduced a series of fiscal and taxation support policies, and vigorously supported the development of green and low-carbon cycle, creating a good environment for China's green economic recovery.

The first is to play the role of tax adjustment. Incorporate refined oil into the scope of consumption tax collection, limit energy consumption in the transportation field, reduce vehicle purchase tax and vehicle and vessel tax for new energy vehicles, and guide green and low-carbon travel; Environmental protection tax is levied on pollutants, which increases the cost of enterprise pollution discharge; Implement tax relief for clean energy and introduce tariff policies to support environmentally friendly products. In 20021year, the Ministry of Finance reduced import tariffs on environmental protection products such as waste recycling law.

Second, increase financial support. Actively arrange funds to promote energy conservation and emission reduction, renewable energy substitution and the promotion of new energy vehicles, support clean heating and air pollution emission reduction and carbon reduction in the northern region, promote large-scale land greening, enhance the carbon sink capacity of ecosystems, improve the government's green procurement policy, implement compulsory procurement and priority procurement for energy conservation and environmental protection policies, and carry out government procurement to support the application and promotion of green building materials.

Third, guide finance to support green development. Give full play to the role of financial funds in various ways, incite the green development of financial resources and social capital services, initiate the establishment of a national green development fund, focus on the Yangtze River Economic Belt, and support the protection and restoration of the ecological environment and the development of green industries; Use the cooperation between government and social capital, namely PPP model, to attract more social capital to participate in the investment, construction and operation of green and low-carbon projects.

According to reports, as of the end of June, in the fields of pollution prevention and green low carbon, 4 156 PPP projects have been signed nationwide, with an investment of 4 1 trillion yuan, and many of them have already shown ecological and environmental benefits.

Fourth, establish a compensation mechanism for ecological protection. In key river basins such as the Yangtze River and the Yellow River, we will establish a compensation mechanism for horizontal ecological protection, introduce support policies, and reward places where mechanisms are established. Strengthen ecological protection and restoration, carry out compensation for ecological benefits of forests and wetlands, and promote the improvement of ecological functions.

Fifth, strengthen international cooperation in green development. Carry out green financial cooperation with multilateral development institutions such as the World Bank, Asian Development Bank and AIIB; Strengthen exchanges and policy dialogue on issues such as tackling climate change and promoting green development through international platforms such as the G-20 and the Financial Stability Board; Promote South-South pragmatic cooperation and provide financial, technical and capacity-building support to help developing countries improve their ability to cope with climate change and accelerate green and low-carbon transformation.

Zou Jiayi said that looking ahead, green development still has a long way to go. We should clearly see that China's "industrial structure dominated by heavy chemicals, energy structure dominated by coal, and transportation structure dominated by road freight" have not been fundamentally changed. "At present, China has achieved the peak carbon dioxide emission target in less than 10 years, and the peak carbon dioxide emission target has only been achieved in 30 years. Compared with developed countries, we have tighter time, more difficulties and heavier tasks. "

She said that the Ministry of Finance will improve the fiscal and taxation policy system, strengthen financial support, and promote green economic recovery and low-carbon development under the guidance of the peak carbon dioxide emissions and the vision of carbon neutrality. At the same time, we should adhere to the principle of "common but differentiated responsibilities", actively carry out international exchanges and cooperation, and work together to meet the challenge of climate change.

"Green development is related to the future of mankind, and achieving green development fundamentally depends on scientific and technological progress and industrial transformation." Taking the response to climate change in Zou Jiayi as an example, it shows that the international community is concerned about carbon pricing at present, but this is only one aspect of the problem. In fact, it is more important to develop low-carbon technologies.

She said that the carbon pricing system actually guides social resources to invest more in clean development by increasing the cost of carbon emissions, which fundamentally depends on the breakthrough of new energy technologies. Only through new technological breakthroughs can mankind completely withdraw from fossil energy and achieve zero emissions. Therefore, financial institutions should invest more resources to promote technological progress, which is the real source of wealth. It is the responsibility of finance and finance to support the development of green technology and industrial transformation. In order to promote green recovery, we need the cooperation of Qi Xin and Qi Xin.

Source: shanghai securities news China Securities Network