my country has set up a special re-loan of 200 billion yuan to support the clean and efficient utilization of coal

The executive meeting of the State Council held on November 17 decided to set up 200 billion yuan of special re-loans to support the clean and efficient utilization of coal on the basis of the establishment of carbon emission reduction financial support tools in the early stage, to form a policy scale and promote green and low-carbon development
.

The meeting proposed that the 200 billion yuan special re-loan set up this time will support safe, efficient, green and intelligent coal mining, clean and efficient processing of coal, clean and efficient utilization of coal power, and clean industry in accordance with key focus, more operable requirements and market-oriented principles.
Combustion and clean heating, residential clean heating, comprehensive utilization of coal resources and vigorously promote the development and utilization of coalbed methane
.
The specific method is that national banks independently issue preferential loans to projects that meet the standards within the scope of support, and the interest rate is roughly the same as the market quoted interest rate for loans of the same term and grade
.

Dong Ximiao, a part-time researcher at the Financial Research Institute of Fudan University, believes that China's energy resource endowment is dominated by coal, and improving the level of clean and efficient use of coal is inseparable from financial support
.
The special re-loans to support the clean and efficient utilization of coal will provide financial institutions with stable and low-cost funds from the two aspects of "quantity" and "price", which will help improve the willingness and ability of financial institutions to support the clean and efficient utilization of coal and promote green development
.

At the same time, the meeting requested to coordinate and study measures to reasonably reduce the project capital ratio, appropriate tax incentives, strengthen the government's special debt fund support, speed up depreciation and other measures, and increase support for projects of clean and efficient utilization of coal
.