Jiangsu added more than one trillion yuan of green credit last year

The reporter recently learned from the Jiangsu Supervision Bureau of the State Administration of Financial Supervision and Administration that as of the end of 2023, the province's green credit balance was 3.9 trillion yuan, an increase of 1.16 trillion yuan from the beginning of last year, with a growth rate of 42%, and the proportion of green credit in various loans increased by 3.3 percentage points compared with the beginning of last year.

Since last year, under the guidance of the Jiangsu Supervision Bureau of the State Administration of Financial Supervision and Administration, banking institutions in the province have gradually established a cross-departmental leadership and coordination mechanism for green finance work in the form of green finance committees or green finance leading groups, and strengthened the professional management of green finance business by setting up professional departments and setting up full-time posts. At present, there are more than 100 characteristic institutions and departments in the province, such as green branches, green finance centers, and green and low-carbon transformation financial service centers.

At the grassroots level of improving the green financial mechanism, the banking institutions in the province have focused on key areas such as the protection of the Yangtze River, pollution prevention and control, and the "double carbon" goal, increased medium and long-term loan support, successively implemented loans for forest rights, pollutant discharge rights, and carbon emission rights, and launched special products such as loans linked to the carbon performance of emission control enterprises. Insurance institutions are actively developing products such as carbon quota insurance, carbon capture insurance, green ecological environment rescue liability insurance, and green building performance liability insurance to provide strong risk protection for green and low-carbon development.

According to the latest data, as of the end of last year, the balance of loans to support the ecological environment industry in the province's banking industry was 645.6 billion yuan, an increase of 37% from the beginning of last year, the balance of loans to support the cleaner production industry was 216.4 billion yuan, an increase of 65% from the beginning of last year, and the balance of loans to support green buildings, green transportation and other infrastructure upgrades related to the loan balance was 2.87 trillion yuan, an increase of 42% from the beginning of last year. In addition, the province's environmental pollution liability insurance provided a total of 12.7 billion yuan of insurance protection for enterprises in high-risk environmental fields last year.