Five Departments Urge Financial Institutions to Support Resource-Saving Projects Through Green Credit, Green Bonds and Other Financial Tools

36Kr learned that five departments have issued a notice on the Action Plan for Implementing a Comprehensive Conservation Strategy. It proposes leveraging the multiplier effect of government investment to support qualified projects in energy conservation, water conservation and resource recycling. It calls for improving differentiated electricity pricing policies for high-energy-consuming industries and optimizing tiered residential water pricing and progressive surcharges on non-residential water use exceeding quotas. It encourages financial institutions to strengthen support for resource-saving projects through green credit, green bonds and other financial tools. It also guides and regulates social capital's participation in the investment, construction and operation of related projects.