In order to promote the realization of the carbon peak and carbon neutrality goal as scheduled, the Ministry of Finance recently issued the "Opinions on Financial Support for the Work of Carbon Peaking and Carbon Neutrality" (hereinafter referred to as the "Opinions"), which proposed to regulate the performance of PPP projects by local governments.

Establish and improve the government procurement demand standard system for green and low-carbon products, and formulate work requirements such as government procurement demand standards for green buildings and green building materials by category.

The "Opinions" propose that by 2025, fiscal policy tools will continue to be enriched, a fiscal and taxation policy framework conducive to green and low-carbon development will be initially established, and strong support will be given to various regions and industries to accelerate green and low-carbon transformation.

Before 2030, a fiscal and taxation policy system that is conducive to green and low-carbon development will be basically formed, and a long-term mechanism to promote green and low-carbon development will be gradually established to promote the smooth realization of the carbon peak goal.

Before 2060, the policy system for financial support for green and low-carbon development will be mature and sound, and the goal of carbon neutrality will be successfully achieved.

Improve government green procurement policies.

Establish and improve the government procurement demand standard system for green and low-carbon products, and formulate government procurement demand standards for green buildings and green building materials by category.

Vigorously promote the application of prefabricated buildings and green building materials to promote the improvement of building quality.

Increase government procurement of new energy and clean energy official vehicles and ships. New energy vehicles will be purchased in principle for official vehicles such as confidential communications, except for special geographical environment and other factors. Priority will be given to procurement and leasing services for new energy vehicles.

Priority will be given to purchasing new energy and clean energy ships.

Strengthen the main responsibility of purchasers, clarify green and low-carbon requirements in government procurement documents, and increase the procurement of green and low-carbon products.

Improve the market-oriented diversified investment mechanism.

Study the establishment of a national low-carbon transformation fund to support the green transformation of traditional industries and resource-rich areas.

Give full play to the guiding role of existing government investment funds, including the National Green Development Fund.

Encourage social capital to establish green and low-carbon industry investment funds in a market-oriented manner.

Include qualified green and low-carbon development projects into the scope of government bond support.

Adopt various methods to support government-private partnership (PPP) projects in the field of ecological environment and standardize local government performance on PPP projects.

It is understood that the "Opinions" are based on the current stage of development, with a focus on supporting the achievement of carbon peaking, and proposes to comprehensively use fiscal fund guidance, tax adjustment, diversified investment, government green procurement and other policies and measures to ensure financial security, including

Four parts.

The first is the overall requirements.

It mainly explains the guiding ideology, working principles and main goals of financial support to achieve carbon peak and carbon neutrality.

The second is to support key directions and areas.

Clear focus on supporting the construction of a clean, low-carbon, safe and efficient energy system, green and low-carbon transformation of key industries and fields, green and low-carbon technological innovation and basic capacity building, green and low-carbon life and resource conservation and utilization, the consolidation and improvement of carbon sequestration capabilities, and the improvement of green and low-carbon

Market system and other six major aspects.

The third is fiscal policy measures.

This includes strengthening the supporting and guiding role of fiscal funds, improving the market-oriented diversified investment mechanism, giving full play to the incentive and restraint role of tax policies, improving government green procurement policies, and strengthening international cooperation in addressing climate change.

The fourth is safeguard measures.

Specifically, there are four aspects: strengthening the implementation of responsibilities, strengthening coordination and cooperation, strict budget management, and increasing learning and publicity efforts.

The "Opinions" also mentioned that it supports the construction of a clean, low-carbon, safe and efficient energy system; supports the green and low-carbon transformation of key industries and sectors, supports the development of industrial sectors towards high-end, intelligent, green and advanced manufacturing; supports green and low-carbon technological innovation and basic capabilities

construction; support green and low-carbon life and resource conservation and utilization; support the consolidation and improvement of carbon sink capabilities; support the improvement of the green and low-carbon market system.

Give full play to the role of the trading market for carbon emission rights, energy rights, emission rights, etc., and guide the optimization of industrial layout.