Jiangsu Province issued an implementation plan for financial support to do a good job in carbon peak and carbon neutrality

On April 4, the Jiangsu Provincial Department of Finance issued the "Implementation Plan for Jiangsu Province's Financial Support for Carbon Peak and Carbon Neutrality", adhering to the coordinated promotion of carbon reduction, pollution reduction, green expansion and growth, actively building a fiscal and tax policy system conducive to promoting the efficient use of resources and green and low-carbon development, giving full play to the role of finance as the foundation and important pillar, guiding and driving more social capital to support green and low-carbon development, and actively and steadily promoting carbon peak and carbon neutrality.

Jiangsu Province provides financial support for the implementation plan for carbon peak and carbon neutrality

In order to fully implement the decisions and deployments of the CPC Central Committee, the State Council, the Provincial Party Committee and the Provincial Government on carbon peak and carbon neutrality, this implementation plan is formulated in accordance with the Implementation Opinions of the Provincial Party Committee and the Provincial Government on Promoting High-quality Development and Doing a Good Job in Carbon Peak and Carbon Neutrality, the Provincial Government's Implementation Plan for Carbon Peaking in Jiangsu Province, and the Ministry of Finance's Opinions on Financial Support for Carbon Peak and Carbon Neutrality.

1. General requirements

(1) Guiding ideology. Adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 20th National Congress of the Communist Party of China, deeply practice Xi Jinping Thought on Ecological Civilization, implement the spirit of General Secretary Xi Jinping's important instructions on Jiangsu's work, focus on fulfilling the glorious mission of "striving to be an example, striving to be a demonstration, and walking in the forefront", adhere to the general tone of the work of seeking progress while maintaining stability, base ourselves on the new stage of development, implement the new development concept, serve the construction of a new development pattern, and incorporate carbon peak and carbon neutrality into the overall economic and social development as an inherent requirement for promoting high-quality development. Adhere to the coordinated promotion of carbon reduction, pollution reduction, green expansion and growth, actively build a fiscal and tax policy system conducive to promoting the efficient use of resources and green and low-carbon development, give full play to the role of finance as the foundation and important pillar, guide and drive more social capital to support green and low-carbon development, and actively and steadily promote carbon peak and carbon neutrality.

(2) Basic principles

-- Persist in making overall plans and highlighting key points. Adhere to the province's next game of chess, strengthen the top-level design of the system, the overall layout, and promote it as a whole. Adhere to the coordinated efforts of capital, taxation, government procurement and other policies to improve the efficiency of fiscal policies. Handle the relationship between development and emission reduction, overall and partial, short-term and medium- and long-term, and the government and the market, highlight the precise implementation of policies around the key areas of carbon peak and carbon neutrality, and promote them in a steady and orderly manner.

-- Adhere to the guidance of the government and the main body of the market. Give full play to the guiding role of financial funds, optimize and integrate relevant special projects, and provide financial funds and policy support for green and low-carbon development. Give full play to the role of market players, encourage financial institutions to actively build a green financial system, innovate green financial services, and drive social capital to support green and low-carbon development.

-- Persist in implementing policies by category and advancing in a coordinated manner. Strengthen the linkage between the financial departments, coordinate the promotion between the financial and various departments, implement policies in a classified manner, and make precise efforts. Strengthen the guiding role of fiscal funds, promote coordinated emission reduction in all fields and industries, and promote green and low-carbon development in key areas and industries such as energy, industry, transportation, and urban-rural construction.

——Adhere to the result-oriented, reward the good and punish the bad. Implement fiscal authority and expenditure responsibility, strengthen budget constraints and performance management, reward areas with remarkable results in pollution reduction and carbon reduction, appropriately deduct relevant transfer payment funds for areas that have not completed target tasks, and accelerate the formation of incentive and restraint mechanisms.

(3) Main objectives. By 2025, fiscal policy tools will be continuously enriched, green finance policies will be continuously improved, and funding channels will be more diversified, and a green fiscal policy system will be initially formed to support the realization of carbon peaking, and the supporting role of green, low-carbon and circular economic development will be significantly enhanced. By 2030, fiscal policies will be further improved, a fiscal policy system conducive to green and low-carbon development will be basically formed, a long-term mechanism to promote green and low-carbon development will be gradually established, and the goal of carbon peaking will be achieved as scheduled. By 2060, the fiscal policy system to support green and low-carbon development will be mature and sound, and the goal of carbon neutrality will be achieved as scheduled.

2. Support green and low-carbon development in key areas

(1) Support the peak of carbon emissions in the energy sector. Actively strive for infrastructure funds in the central budget to support the construction of energy-saving, emission-reduction, and green and low-carbon projects. Support eligible photovoltaic, wind power, hydrogen energy, biomass power generation, energy storage technology and other major scientific and technological innovation and industrialization projects. Support the development and utilization of unconventional energy sources such as hot dry rock. Cities and counties are encouraged to formulate financial support policies to promote the development of the renewable energy industry in accordance with local conditions。 (Authorities-in-charge: The Provincial Development and Reform Commission, the Provincial Department of Natural Resources, and the Provincial Department of Finance are responsible for the division of labor, and the people's governments of districted cities are responsible for implementation.

(2) Support the peak of carbon emissions in the industrial sector. Support the comprehensive improvement of industrial energy efficiency, promote the transformation of energy conservation and emission reduction and green transformation of enterprises, the development and industrialization of energy conservation and environmental protection equipment, and the construction of green manufacturing system platforms. Support the steady reduction of carbon emissions in the industrial sector, promote the implementation of technological and technological innovation and upgrading, and carry out resource recycling. Support the pilot demonstration of green manufacturing, and encourage the development, production and promotion of green products. Support the remediation of chemical enterprises, continue to improve the level of public safety and environmental protection infrastructure in chemical parks, and promote the green and low-carbon improvement and efficiency improvement of the chemical industry. Further optimize the subsidy policy for the promotion and application of new energy vehicles, steadily promote the demonstration and application of fuel cell vehicles, and focus on supporting the construction and operation of charging (swapping) infrastructure. (Authorities-in-charge: Provincial Department of Industry and Information Technology, Provincial Development and Reform Commission, Provincial Department of Transportation, and Provincial Department of Finance)

(3) Support the carbon peak in the transportation sector. Support the adjustment of the transport structure, promote the development of multimodal transport, promote the "road to rail" and "road to water" of bulk cargo and medium and long-distance transportation, and improve the level of transport organization. Study and introduce preferential tax policies to support road, rail and water combined transport. Research and introduce tax incentives and other supporting policies for the green and low-carbon transformation of infrastructure such as comprehensive transportation hubs, airports, and ports, and guide the acceleration of the promotion and application of low-carbon transportation infrastructure, transportation vehicles, new transportation energy and new technologies, and promote the development of green transportation. (Authorities-in-charge: Provincial Department of Transportation, Provincial Department of Industry and Information Technology, Provincial Department of Finance)

(4) Support carbon peaking in the field of urban and rural construction. Promote the implementation of urban renewal, support the protection and revitalization of famous historical and cultural cities, towns, villages, blocks, historical areas, historical buildings, etc., and improve the quality and connotation of urban space. Systematically promote the construction of sponge cities, further promote the improvement of quality and efficiency of sewage treatment, and improve the efficiency of urban sewage collection and treatment. Continue to promote the classification and management of urban and rural waste and resource utilization. Vigorously promote the development of high-quality green buildings, ultra-low energy buildings, near-zero energy buildings, new building industrialization, and renewable energy buildings. Promote the green and energy-saving renovation of existing buildings, support the comprehensive improvement of building energy efficiency, the application and transformation of renewable energy, and promote the management of energy consumption in public buildings. Support the research, promotion and application of key technologies for green development in urban and rural construction. Promote the construction of green rural housing, and improve rural housing conditions in accordance with local conditions. Promote the construction of green villages, and guide the development and improvement of villages. (Authorities-in-charge: Provincial Department of Housing and Urban-Rural Development, Provincial Development and Reform Commission, Provincial Department of Industry and Information Technology, and Provincial Department of Finance are responsible for the division of labor)

(5) Support the peak of carbon emissions in agriculture and rural areas. Focusing on "water saving, energy saving, medicine saving, and fertilizer saving", we will develop ecological recycling agriculture, promote ecological and healthy planting and breeding models, and improve the utilization efficiency of agricultural inputs. Support the selection and promotion of high-yield, high-quality, low-carbon crop varieties and high-yield and low-emission livestock and poultry breeds. Stabilize the implementation of the subsidy policy for the purchase of agricultural machinery, support the promotion of intelligent and green agricultural machinery and equipment, and promote the remanufacturing and utilization of old agricultural machinery parts. Promote the energy-saving transformation of fishery facilities and fishing vessel equipment, and encourage fishing vessels to be equipped with energy-saving equipment and upgraded. Encourage the renewal and transformation of standardized livestock and poultry farms, and support the implementation of standardized pond transformation and tailwater treatment. In-depth implementation of chemical fertilizers and pesticides to reduce and increase efficiency, support the promotion of organic fertilizers to replace chemical fertilizers in qualified areas, and promote the return of manure to the field. Support the comprehensive utilization of crop straw, livestock and poultry manure, support the recycling and disposal of waste plastic film and pesticide packaging waste, strengthen the protection and improvement of cultivated land quality, promote the comprehensive management of degraded cultivated land, and enhance farmland carbon sinks. Support the construction of demonstration areas for the treatment and utilization of urban and rural organic waste in the Taihu Lake region. (Authorities-in-charge: Provincial Department of Agriculture and Rural Affairs, Provincial Department of Ecology and Environment, Provincial Department of Housing and Urban-Rural Development, and Provincial Department of Finance)

(6) Support green and low-carbon technology innovation. Set up a provincial special fund for scientific and technological innovation for carbon peak and carbon neutrality, and increase support for major green and low-carbon scientific and technological research and promotion and application projects. Encourage cities and counties to increase financial investment in green and low-carbon science and technology, and strengthen the linkage between ministries and provinces, departments and provinces and cities. Support research on major scientific and technological issues in the frontier field of carbon peaking and carbon neutrality, and promote the formation of original scientific research results that lead the development of green and low-carbon technologies. Support the development of new renewable energy, traditional industrial process reengineering and other key core technology research, and promote the adjustment of energy structure and the optimization and upgrading of industrial structure. Support the research of agricultural ecological carbon sequestration and low-carbon production technology, and promote the construction of a new model of low-carbon agricultural development. Support the transformation of green and low-carbon technology innovation achievements, and cultivate and expand green and low-carbon strategic emerging industries and high-tech industries. Support the integrated demonstration of green and low-carbon key technologies in accordance with local conditions and categories, and explore the formation of replicable and scalable models. Support the construction of various major scientific and technological innovation bases, platforms, carriers and talent teams in the field of carbon peak and carbon neutrality, and cultivate green and low-carbon strategic scientific and technological forces. (Authorities-in-charge: Provincial Department of Science and Technology, Provincial Development and Reform Commission, Provincial Department of Education, and Provincial Department of Finance)

(7) Support the consolidation and improvement of carbon sink capacity. Support land spatial planning and use control, strengthen research on basic theories and methods of ecosystem carbon sinks, and promote research on land and sea carbon sink mechanisms and the development of sink-increasing technologies. Support the investigation, monitoring and assessment of ecosystem carbon sinks, and explore the establishment of an ecosystem carbon sink monitoring and accounting system. Support the protection and restoration of oceans, forests, cultivated land, wetlands and other ecosystems, organize and implement major projects such as the integrated protection and restoration of mountains, rivers, forests, fields, lakes, grasslands and sands, enhance biodiversity, and consolidate and enhance the carbon sink capacity of ecosystems. Support the in-depth promotion of scientific greening actions, and do a good job in the management and protection of forest resources and the prevention and control of forest disasters. Improve and improve the compensation mechanism for ecological protection, combine the assessment and accounting of carbon sink resources, implement the compensation mechanism for forest ecological benefits and wetland ecology, and implement the transfer payment system for key ecological function areas. (Authorities-in-charge: Provincial Development and Reform Commission, Provincial Department of Finance, Provincial Department of Natural Resources, Provincial Department of Agriculture and Rural Affairs, Provincial Department of Ecology and Environment, Provincial Bureau of Statistics, and Provincial Forestry Bureau)

(8) Support the construction of a green and low-carbon market system. Give full play to the role of trading markets such as carbon emission rights, energy use rights, and emission rights, and guide the optimization of industrial layout. We will fully implement the pollutant discharge permit system, improve the system of paid use and trading of pollutant discharge rights, and actively cultivate a trading market. Actively participate in the joint construction of the "National Carbon Emission Trading System" and the "National Carbon Emission Rights Registration System". Improve the carbon emission reporting and information disclosure system for enterprises and financial institutions. We will continue to promote the development of circular economy and the circular transformation of parks, support the construction of provincial-level green and low-carbon development demonstration zones, and further promote the comprehensive utilization of resources in the province. Support green and low-carbon life, support the construction of "zero-waste cities", improve the recycling system of waste materials, and form a number of experience models that can be replicated and promoted. Strengthen capacity building and international cooperation in response to climate change, build a low-carbon collaborative innovation platform, and accelerate the gathering of international green and low-carbon innovation resources. (Authorities-in-charge: Provincial Development and Reform Commission, Provincial Department of Ecology and Environment, and Provincial Department of Finance)

(9) Promote the construction of a synergistic system for pollution reduction and carbon reduction. Implement fiscal policies linked to the effectiveness of pollution reduction and carbon reduction, and establish a reward mechanism for achieving and improving environmental quality and carbon emission indicators. Support the in-depth fight against pollution, improve the implementation of several measures to support the innovation of ecological and environmental governance models, and promote the innovation of ecological and environmental governance models such as ecological protection and restoration in the Yangtze River Basin, the construction of ecological security buffer zones, and the demonstration construction of beautiful bays. Support pollution reduction and carbon reduction in key industries, support ultra-low emission transformation in steel, cement, coking, domestic waste incineration power generation and other industries, support in-depth treatment of coal-fired boilers and industrial kilns, ultra-low emission transformation and clean energy substitution, support source substitution and end treatment of volatile organic compounds, and promote energy-saving technological transformation of traditional industries. (Authorities-in-charge: Provincial Department of Ecology and Environment, Provincial Department of Finance, Provincial Development and Reform Commission, Provincial Department of Industry and Information Technology)

3. Build a fiscal policy system for carbon peaking and carbon neutrality

(1) Implement the reform plan for the division of fiscal powers and expenditure responsibilities. Implement the reform plan for the division of fiscal powers and expenditure responsibilities between provinces and cities and counties in areas related to carbon peak and carbon neutrality, appropriately strengthen the provincial powers in cross-basin and cross-regional green and low-carbon development, and the municipal and county financial departments are responsible for the financial support for carbon peak and carbon neutrality in their respective administrative regions, establish a fiscal relationship between provinces, cities and counties with clear rights and responsibilities, financial coordination, and regional balance, and form a stable fiscal expenditure system that is compatible with government powers, expenditure responsibilities and financial resources. (Authority-in-charge: Provincial Department of Finance)

(2) Establish a normalized and stable financial investment mechanism. Adhere to the goal of achieving carbon peak and carbon neutrality as a long-term task and advance it in an orderly manner, and accelerate the establishment and improvement of a normalized and stable provincial, municipal and county financial investment mechanism by increasing financial support. Coordinate the existing funds related to carbon peak and carbon neutrality in various fields, integrate and set up provincial special funds for carbon peak and carbon neutrality, give full play to the joint force of support, improve the performance of funds, and promote the comprehensive green and low-carbon development of the economy and society. (Authority-in-charge: Provincial Department of Finance)

(3) Improve the market-oriented and diversified investment mechanism. Actively build a fiscal green finance policy system with Jiangsu characteristics, and guide and encourage more financial resources to support energy conservation, emission reduction and green development. Comprehensively use policies such as "environmental protection loans", "environmental protection loans", and green bond interest discounts to guide financial resources to gather in green industries and green projects. Support the promotion of public-private cooperation (PPP) in the field of green and low-carbon, promote the application of eco-environment-oriented development model (EOD), actively explore new paths for sustainable development, and promote the high-quality integrated development of green and low-carbon projects. Encourage all localities to include eligible green and low-carbon development projects within the new local government debt limit issued by the province. Set up a provincial carbon peak and carbon neutrality investment fund to support green energy, green manufacturing, green transportation and other fields, and cultivate and expand energy-saving and carbon-reduction industries. Strengthen cooperation with the National Green Development Fund to promote green and low-carbon development. (Authorities-in-charge: Provincial Department of Finance, Provincial Development and Reform Commission, Provincial Department of Ecology and Environment)

(4) Give full play to the role of the tax price mechanism. Implement preferential tax policies related to energy conservation and emission reduction, green and low-carbon, such as environmental protection tax, resource tax, consumption tax, value-added tax, enterprise income tax, vehicle purchase tax, vehicle and vessel tax, etc., and guide the green and low-carbon development of market entities. Promote the formation of a price mechanism conducive to low-carbon development, implement the differentiated price policy of environmental protection credit evaluation grade and the differentiated electricity price policy of ultra-low emission in the iron and steel industry, strictly implement the punitive electricity price policy for energy-using units whose energy consumption exceeds the energy consumption limit standard of unit product, and implement differential electricity prices for energy-using units that use outdated equipment that are eliminated by the state, so as to promote enterprises to achieve green transformation through energy-saving technological transformation and elimination of backward production capacity (equipment). (Authorities-in-charge: Provincial Department of Finance, Provincial Development and Reform Commission, Provincial Department of Industry and Information Technology, Provincial Department of Ecology and Environment, and Provincial Taxation Bureau)

(5) Improve government green procurement policies. Increase the intensity of government green procurement, explore the formulation of a guiding catalogue of green products procured by the province, and guide purchasers to give priority to the procurement of green products. Carry out government procurement to support green building materials to promote the pilot of building quality improvement, promote the province's new energy official vehicle framework agreement procurement, confidential communications, relatively fixed route law enforcement duty, commuting and other new and updated vehicles in addition to special geographical environment and other factors, in principle, all new energy vehicles. Implement the main responsibility of purchasers for the procurement of energy-saving and environmentally friendly products, embed government procurement demand standards such as green packaging, green transportation, and low volatile organic compounds in the standard text of procurement documents, and specify packaging materials, transportation requirements, and performance acceptance terms in the government procurement contract template. (Authority-in-charge: Provincial Department of Finance)

Fourth, safeguard measures

(1) Strengthen overall planning and coordination. Financial departments at all levels should earnestly improve their political positions, put the support for carbon peak and carbon neutrality in a prominent position, strengthen the linkage between financial departments, and strengthen the coordination between financial and development reform, industry and information technology, science and technology, ecological environment, housing and urban-rural construction, transportation, agriculture and rural areas and other departments to form a joint work force. The financial departments at all levels are responsible for the financial support for carbon peak and carbon neutrality within their respective administrative regions, cooperate with the leading departments to improve the work promotion mechanism, and give full play to the role of finance as the foundation and important pillar in promoting green and low-carbon development.

(2) Improve fiscal policy. Financial departments at all levels should clearly support the investment channels related to carbon peak and carbon neutrality, encourage cities and counties with conditions to integrate and set up special funds for carbon peak and carbon neutrality, introduce support policies according to local conditions, and improve the fiscal policy system. Further deepen the reform of the ecological protection compensation system, improve the mechanism for ecological protection compensation, ecological damage compensation, and ecological product value realization, and promote comprehensive green and low-carbon economic and social development.

(3) Improve market mechanisms. Financial departments at all levels should adhere to the efforts of both the government and the market, and comprehensively use financial incentives, interest discounts, fee subsidies, risk compensation and other methods to promote the rapid development of the green financial system. Actively give play to the guiding role of government investment funds, encourage qualified municipal and county governments and social capital to jointly set up green and low-carbon funds, encourage and guide more financial resources to support energy conservation, emission reduction and green development, and accelerate the establishment of a green, low-carbon and circular development economic system.

(4) Strengthen performance management. Financial departments at all levels should strengthen the supervision and performance management of budget funds, establish a whole-process budget performance management system and methods, promote the full coverage of budget performance management of relevant funds to support carbon peak and carbon neutrality, strengthen performance monitoring and performance evaluation, improve the incentive and restraint mechanism linked to budget fund arrangements and performance results, and implement "rewarding the good and punishing the bad".

(5) Strengthen learning and training. Financial cadres at all levels should consciously strengthen the study and research of the basic knowledge of carbon peak and carbon neutrality, take the relevant content of carbon peak and carbon neutrality as an important part of the education and training system of cadres in the financial system, and establish a multi-channel and multi-level publicity and education system through the organization of cadre training, horizontal interaction between cities and counties, investigation and research, etc., so as to enhance the concept and ability of financial cadres to practice green and low-carbon development.