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When was the Regulation on Compensation for Ecological Protection promulgated?
The Regulations on Compensation for Ecological Protection was adopted at the 26th executive meeting of the State Council on February 23rd, 2024, promulgated on April 6th, 2024, and shall come into force on June 6th, 2024.

The Regulations on Compensation for Ecological Protection clearly stipulates that the state shall compensate the units and individuals that carry out the protection of important ecological environment elements and ecological protection of important ecological function areas through financial transfer payment. The local government and its relevant departments shall promptly compensate the compensation funds to the units and individuals that implement ecological protection; The funds used by local governments as a whole should be given priority to natural resource protection, ecological environment management and restoration.

At the same time, encourage, guide and promote the people's governments of ecological benefit areas and ecological protection areas to establish ecological protection compensation mechanisms through consultation and other means. Central finance and provincial finance can guide and support cross-regional ecological protection compensation in areas with particularly important ecological functions; Remarkable achievements have been made in the construction of compensation mechanism, and the development and reform, finance and other departments in the State Council can give appropriate support in planning, funding and project arrangement.

The Regulations on Compensation for Ecological Protection also makes it clear that the market mechanism should be brought into full play, and social forces and local governments should be encouraged to carry out compensation for ecological protection by purchasing ecological products and services in accordance with market rules. Encourage and guide social funds to establish a market-oriented ecological protection compensation fund and participate in ecological protection compensation in an orderly manner according to law. Compensation for ecological protection shall be disclosed in a timely manner according to law, and the management and use of funds shall be subject to audit supervision by audit institutions according to law.