Wuhan has made good use of fiscal and tax support policies to empower and contribute to the green development of the economy and society
In order to further optimize ecological and environmental services, help green development, and help market players make full use of green fiscal and tax support policies, Wuhan City, Hubei Province, has actively promoted the implementation of various policies by actively striving for financial support from superiors, extensively carrying out policy compilation and publicity, strengthening special interpretation and introduction, multi-department joint training and promotion, and organizing bank-enterprise matchmaking meetings at multiple levels. The reform and innovation of green financial products have played a positive role in the green transformation and development of Wuhan.
We will make every effort to promote the application of projects in the field of ecological and environmental protection
Through the active planning of the city's relevant departments and various market entities, Wuhan has declared 16 central ecological and environmental fund projects, 14 new major projects in the field of ecological and environmental protection and 21 major projects in the field of ecological environment in the "14th Five-Year Plan" throughout the year, and at the same time, actively planned 12 projects to be included in the central ecological and environmental fund project pre-reserve bank, with an estimated total investment of more than 70 billion yuan, and more than 100 million yuan of special funds for the ecological environment at the higher level can be obtained.
Fully implement all kinds of ecological compensation and awards and subsidies
In order to effectively improve the effectiveness of natural ecological and environmental protection, Wuhan has implemented compensation funds related to 5 wetland nature reserves, actively played the role of financial funds in ecological and environmental governance, supported the completion of environmental improvement in 42 administrative villages and 19 village bays, the treatment of 5 state-supervised rural black and odorous water bodies, improved the water quality of 7 cross-regional sections of the Yangtze River and Hanjiang River, completed mandatory cleaner production audits for 91 enterprises, completed 7 domestic waste terminal treatment projects, and completed the construction of 225 domestic waste sorting and collection houses (houses). In 2023, the Wuhan municipal finance department will arrange a total of 60 million yuan in incentives and compensation related to ecological and environmental protection, an increase of 24.16% year-on-year, supporting and guiding the city to accelerate the pace of green development.
Expand the preferential policy of "green tax to help enterprises".
In order to give full play to the leverage role of enterprises in green transformation, Wuhan actively implements the ecological tax adjustment mechanism of "green tax + tax system element guidance + tax policy assistance", and builds a green tax system with resource and environmental tax as the main body and the combination of various tax preferential policy systems. In 2023, 150 units in the city will enjoy a total of 27 million yuan of environmental protection tax policy reduction, an increase of 48 units year-on-year, and a year-on-year increase of 13.28%. In 2023, 57 enterprises (units) will be rated as provincial-level water-saving enterprises (units), and the water reuse rate of industrial enterprises in the city will reach more than 93.9%.
Promote the implementation of environmental resources equity pledge financing
In order to effectively activate the "sleeping capital" of enterprises, "lend" the green development of enterprises, and promote the concept of "limited, paid and valuable" environmental resources to be more deeply rooted in the hearts of the people, Wuhan actively explores innovative green finance practice paths. On the basis of actively promoting the trading of emission rights, we will organize and carry out a mapping of the financing needs of emission rights against pledges, hold a special matchmaking meeting for the promotion of innovative green financial products and mortgage financing of enterprise emission rights, and build a channel for exchanges and cooperation between banks and enterprises. China Construction Bank Wuhan Provincial Sub-branch issued the first mortgage loan for emission rights of an energy central enterprise, and the Wuhan Branch of Shanghai Pudong Development Bank and Wuhan Branch of Minsheng Bank respectively issued the first mortgage loan for emission rights, with a total loan scale of 130 million yuan, an increase of more than 1 times compared with 2022. A number of banks have carried out green finance innovations such as carbon emission rights pledge, Minsheng Bank Wuhan Branch issued the province's first cross-performance carbon emission rights pledge loan of 3 million yuan, Industrial and Commercial Bank of China Wuhan Branch issued the first green power certificate income right pledge loan "Green Certificate Loan" of more than 300 million yuan in the provincial branch, and Tianfeng Securities exclusively undertook and successfully issued the first low-carbon transformation-linked corporate bond in China's construction system. Relying on the resources of provincial and municipal financial service platforms such as "Hubei Green Pass" and "Hanrong Tong", Wuchang District has built a comprehensive service platform for climate investment and financing in Wuhan, "Wuhan Carbon Pass", which will be launched in November 2023, and has collected 13 financial institutions with the intention of entering the platform and 107 projects in storage, involving a total investment of 67 billion yuan.
Continuously improve the incentive and restraint mechanism of the green development system
In order to diversify and stimulate the enthusiasm and initiative of market entities in environmental protection, Wuhan will continue to promote the construction of the ecological and environmental protection credit system, revise the implementation rules for credit evaluation, and standardize environmental protection credit management behaviors, and in 2023, about 3,100 enterprises and institutions in the city will be included in the environmental protection credit evaluation system, which is 2.2 times that of 2022, and 19 environmental protection integrity units will be selected. Realize the sharing of environmental protection credit evaluation information with relevant management departments and financial institutions, and give full play to the credit support role of environmental protection credit evaluation results in the financial field. The Operation and Management Department of the Hubei Branch of the People's Bank of China has integrated environmental protection credit evaluation information to build a green financial information sharing system, which has been awarded the best practice case of the Ministry of Commerce's comprehensive pilot demonstration construction of the national service industry expansion and opening-up. In 2023, Wuhan will complete 94 cases of compensation for ecological and environmental damage, totaling 12 million yuan, and the number of ecological damage compensation and restoration cases will increase by 46% year-on-year. At the same time, we have steadily promoted green insurance, promoted 36 enterprises to purchase environmental pollution liability insurance, reduced corporate pollution risks, and improved the level of corporate environmental management. The East Lake High-tech Zone actively promotes the loan guarantee insurance for green enterprises, which is shared by the government, banks and insurance companies, and will handle nearly 10 million yuan of "green guarantee loans" in 2023, providing positive guidance for the green development of regional enterprises.
Accelerate the innovation of ecological and environmental governance models
By actively planning and promoting the implementation of eco-environment-oriented development (EOD) projects, Wuhan has helped the green transformation and upgrading of local industries and the continuous improvement of ecological environment quality to achieve a "win-win" situation. In September 2023, the Jiangxia Huanlu Lake Ecological Governance Start-up Zone project, which was included in the pilot of the national EOD model in Wuhan, was selected as one of the key projects to attract private capital to be promoted by the National Development and Reform Commission. In February 2024, the first batch of EOD project review and evaluation work meetings in the city in 2024 were organized, and 4 districts actively applied for the 2024 national and provincial EOD project databases.
