National Energy Administration: Invest more financial resources in renewable energy fields such as photovoltaic power generation and wind power

On 2 November, the National Energy Administration made public a summary
of its reply to Recommendation No.
7080 of the Fifth Session of the 13th National People's Congress.
It is mentioned that we should build a green finance policy system, optimize the credit structure, and invest more financial resources in renewable energy fields
such as wind power and photovoltaic power generation.

Some of the contents are as follows:

Focusing on large-scale wind and photovoltaic bases focusing on deserts, Gobi and deserts, rationally planning and building clean, efficient, advanced and energy-saving supporting coal power, giving full play to the role of basic guarantee and system regulation of coal power, further consolidating the role of coal power as a "ballast stone" in power supply, promoting the development and delivery of new energy, and providing a strong power guarantee for economic and social development are major decisions and deployments
made by the Party Central Committee and the State Council to promote the realization of the "dual carbon" goal.

2.
The proposal on adhering to the principle of "equal capacity, reducing coal volume, and reducing emissions," allowing Hebei to use the capacity of shutdown units to build large-scale and high-efficiency coal-fired power units, and giving play to the role of coal power as a basic guarantee and system-regulating power source

Since 2021, Hebei Province has successively promoted the elimination and shutdown of eligible backward coal-fired power units, further improved the environment and reduced carbon emissions, and promoted the optimization and adjustment
of coal power structure.
At present, our bureau is organizing relevant evaluation agencies to speed up the evaluation
of backward coal power projects to be eliminated in the middle and late stages of the 14th Five-Year Plan in Hebei Province.

In the next step, our bureau will continue to promote the clean, low-carbon, safe and efficient development of
the coal power industry.
The first is to rationally build advanced coal power according
to development needs.
Based on the basic national conditions of coal, adhere to the current and long-term planning, new projects give priority to the use of large-capacity, high-parameter, low-energy consumption, good regulation capacity generator sets
.
The second is to optimize the structure
of existing coal-fired power units.
Coordinate the development of the industry and ensure the supply of electricity, classify and dispose of it according to such methods as extending life operation, eliminating and shutting down, and "shutting down without dismantling" and transferring to emergency backup, gradually and orderly eliminate backward coal power production capacity, and increase efforts to standardize management and rectify coal-fired captive power plants
.
The third is to vigorously implement the "three reforms linkage"
of coal power.
Focus on promoting the energy-saving and carbon-reduction transformation of coal-fired power units with a coal consumption of more than 300 grams of standard coal/kWh, the flexible transformation of large-scale wind power photovoltaic bases supporting coal power, and the transformation of heat supply in the "three north" areas and industrial parks, so as to improve the clean and efficient level of coal-fired power units and promote the large-scale development of
new energy.

Third, the proposal on fully considering Hebei's resource endowment and transformation pressure, studying and issuing support policies in fiscal and financial aspects, and promoting the clean and low-carbon transformation of energy

The first is to build a green finance policy system
.
At the end of 2021, the Shijiazhuang Central Sub-branch of the People's Bank of China, together with the Development and Reform Commission of Hebei Province and other seven departments, formulated implementation opinions to promote the development of green finance in Hebei Province, and proposed to build a multi-level green finance organizational system, improve the level of green financial services, broaden green financing channels, improve the construction of green finance infrastructure, accelerate the promotion of green financial reform and innovation, and strengthen green financial guarantees, etc.
, and build a top design for the green finance system system
.

The second is to optimize the credit structure
.
Give play to the guiding role of the People's Bank of China's monetary policy tools and window guidance, regularly hold forums of financial institutions and meetings of the monetary policy implementation committee, and guide financial institutions to actively implement green finance policies, optimize the credit structure, and invest more financial resources in renewable energy fields
such as wind power and photovoltaic power generation.
Carry out the green finance evaluation of banking financial institutions on a quarterly basis, and play the role of
the assessment baton.

The third is to strengthen the use of
monetary policy tools.
Create two monetary policy tools, carbon emission reduction support tools and special re-lending for clean and efficient use of coal
, to guide financial institutions to tilt credit resources towards green development and energy transition.

From: National Energy Administration