Energy Protection Industry Entering Into Spring Of Policy Supports; Capital Zeal for New “Virgin Land”(Financial News)
June 25, 2011
Market capacity rising up to 3 trillion
Correspondents reported that in the 2011 (First) China Energy Conservation Investment Forum, the Development Plan (full name: Energy Conservation and Environmental Protection Industry Development Plan) is structurally divided into energy efficiency sector, environmental protection sector and resource recovery sector. According to the Development Plan, efficiency technology and equipment, high-efficiency products, energy conservation service, advanced environmental protection technology and equipment, environmental protection products and environmental protection service are listed as top six segments entitled to fiscal, tax and financial policy support.
Correspondents also reported that the gross output of energy conservation and environmental protection industry will exceed 3 trillion to about 7-8% of GDP.
Energy conservation industry becoming a “big cake” for investment organizations
Reports say that a number of few financial organizations expressed their interest in ECEP industry. Pudong Development Bank, CITIC Bank and Bank of Communications all launched a plurality of green financial service.
Wang Qingrong, senior official of CBRC (China Banking Regulatory Commission) asserted that banking industry has made initial achievements in green credit service and promotion of energy conservation and emission reduction. Apart from actively promotion of energy-saving financial products and service innovation, they give more support to key energy efficiency and emission reduction projects and emerging strategic industries. They have already issued loans for projects with clean development mechanism.
“Where shall we invest? Energy conservation is an optimal choice.” Zhou Changyi said. Related ministries and departments are studying energy conservation funds and pilot tests.
