Central Bank and others seek opinions on green bond supporting projects

The People’s Bank of China issued a notice on the 29th stating that in order to further regulate the domestic green bond market and unify the domestic green bond support projects and fields, it drafted the Notice on Printing and Distributing the Category of Green Bond Support Projects (2020 Version) (Draft for Comment)” with the National Development and Reform Commission and the China Securities R

The People’s Bank of China issued a notice on the 29th stating that in order to further regulate the domestic green bond market and unify the domestic green bond support projects and fields, it drafted the Notice on Printing and Distributing the Category of Green Bond Support Projects (2020 Version) (Draft for Comment)” with the National Development and Reform Commission and China Securities Regulatory Commission.

The draft is now open for public comment. The public can express their opinions by email, letter and fax. The deadline is June 12, 2020.

Judging from the main contents of the catalogue of green bond support projects (2020 edition), the catalogue has refined the three-level classification of the “Green Industry Guidance Catalogue (2019 edition)” and made it to a four-level classification.

Among them, the first-level classification includes six categories: energy conservation and environmental protection industry, clean production industry, clean energy industry, ecological environment industry, green upgrade of infrastructure, and green service.

The second and third classifications continue to use the basic ideas of the Category of Green Bond Support Projects (2015 Edition), and add green agriculture, sustainable construction, water conservation, and the use of non-conventional water sources that are related to Green Industry Guidance Catalogue (2019 Edition). It also expand the scope of support projects in the fields of agriculture and ecological protection.

The fourth-level classification is consistent with the name of the third-level classification of the Green Industry Guidance Catalog (2019 Edition) and basically covers related green industries and projects in the Green Industry Guidance Catalog (2019 Edition).

At the same time, in order to maintain the advanced nature of the catalogue of green bond support projects (2020 version) and subsequent integration with relevant international standards, the fourth level classification deletes the relevant categories of clean utilization of fossil energy.

In addition, in order to better take into account of green bonds supporting the green industry chain, some projects related to trade and consumption financing activities that are mentioned in the Green Industry Guidance Catalog (2019 Edition) are also included in the new version.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/09/central-bank-and-others-seek-opinions-on-green-bond-supporting-projects/.

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