CCTV News: On February 20, the Ministry of Finance of China released the "Framework for Green Sovereign Bonds of the People's Republic of China" (hereinafter referred to as the "Framework"). The Ministry of Finance will issue Chinese green sovereign bonds overseas based on this "Framework", further attracting all kinds of investors to participate in the green financial market and attracting international funds to support domestic green and low-carbon development.
According to the Framework, the funds raised by green sovereign bonds will be used for green expenditures in the central fiscal budget, which will help achieve the goals of climate change mitigation, climate change adaptation, natural resource protection, pollution prevention and control and biodiversity protection.
The "Framework" is the cornerstone document of the Ministry of Finance as an issuer of international green bonds. The Ministry of Finance will use this "Framework" as the basis to issue Chinese green sovereign bonds overseas, enrich the high-quality green bond varieties of international financial markets, and drive more Chinese issuing green bonds, further attracting all kinds of investors to participate in the green financial market.
Data shows that in the past five years, the central government has invested about 500 billion to 650 billion yuan in annual funds for ecological protection and green development. 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; support the implementation of 27 integrated protection and restoration projects for mountains, rivers, forests, fields, lakes, grasslands and sands, and 49 ecological restoration projects for historical abandoned mines; arrange funds for marine ecological protection and restoration, and support the implementation of 83 marine ecological protection and restoration projects. In the next step, the Ministry of Finance will comprehensively use various policy measures such as fiscal fund guidance, tax regulation and government green procurement to support the promotion of ecological civilization construction.
