The People's Bank of China has widened the eligible scope of its carbon emission reduction support tool to cover energy conservation and green upgrading projects that have direct carbon emission reduction effects, including green and low-carbon energy transition activities. The tool operates on a quarterly basis and provides one-year re-lending funds for each operation, with the total annual operating volume capped at CNY 800 billion. Quarterly volumes will be set based on monetary policy needs, and re-lending support will be provided in line with policy provisions based on eligible loans extended by financial institutions and their demand for re-lending.
Central Bank of the Republic of China 2026-01-15
People's Bank of China expands carbon emission reduction support tool to include green and low-carbon energy transition projects
The People's Bank of China has expanded its carbon emission reduction support tool to include energy conservation and green upgrading projects, with an annual cap of CNY 800 billion for re-lending funds. Quarterly volumes will align with monetary policy needs, supporting eligible loans from financial institutions.