CCTV News: The Ministry of Finance released the "Framework for Green Sovereign Bonds of the People's Republic of China" (hereinafter referred to as the "Framework") today (February 20). In the future, the Ministry of Finance will use this as a basis to issue China's green sovereign bonds overseas, enrich the varieties of high-quality green bonds in the international market, attract international funds to support domestic green and low-carbon development, help do a good job in green finance, and continue to promote the construction of a beautiful China.
The Framework is the cornerstone document of the Ministry of Finance as an issuer of international green bonds. The Ministry of Finance will issue China's green sovereign bonds overseas based on this "Framework", aiming to demonstrate China's determination to support sustainable green development, enrich the high-quality green bond varieties of international financial markets, and drive more Chinese issuing green bonds to further attract all kinds of investors to participate in the green financial market.
The funds raised from green sovereign bonds issued under this Framework will be used for qualified green expenditures in the central budget and will help achieve the following environmental goals: climate change mitigation, climate change adaptation, natural resource protection, pollution prevention and control and biodiversity protection.
In the past five years, the central government has invested about 500 billion to 650 billion yuan in ecological protection and green development every year. In the past five years, nearly 300 billion yuan has been allocated to support the battle to protect blue sky, clear water and clean land, with an average annual growth of 7%. Among them, 88 northern cities have been selected to carry out clean heating transformation, promote the energy consumption revolution, promote the protection of key river basins such as the Yangtze River and the Yellow River, explore the development of soil pollution control, arrange key ecological protection and restoration funds, support the implementation of 27 integrated protection and restoration projects of mountains, rivers, forests, fields, lakes, grasslands and sands, and 49 ecological restoration projects of historical abandoned mines; arrange funds for marine ecological protection and restoration, support the implementation of 83 marine ecological protection and restoration projects, and with the support of relevant funds, China's ecological environment quality continues to improve.
