Laws, Policies, & Guidelines

Guiding Opinions on Promoting Investment and Financing to Address Climate Change

Scope of Application

Recommendations for the National Development and Reform Commission (NDRC), Ministry of Ecology and Environment (MEE), local Development and Reform Commission's (DRC) offices, local environmental protection departments, People’s Bank of China (PBOC), China Banking and Insurance Regulatory Commission (CBIRC), policy banks, and other Chinese financiers.

Purpose

Offers basic guidance to address climate change and further low-carbon and green development, in addition to financing and implementing investment projects.

General Key Points

The Chinese Government and Financiers should: 

  • Consider local conditions.
  • Participate in the formulation and revision of international standards on climate investment, financing, and information disclosure.
  • Promote Chinese standards in overseas investment.
Key Points on Stakeholder Engagement

The Chinese Government should: 

  • Promote collaborative development, as well as the fulfillment of social responsibilities by financiers, developers, and contractors.
Key Points on Environmental and Social Impact Assessment

The Chinese Government and Financiers should: 

  • Encourage credit rating agencies to incorporate environmental, social, and governance (ESG) factors into rating methods.
  • Encourage scientific evaluation and social supervision of the performance of financiers, developers, and contractors.
Applies to
China
Global
Date
October 2020
Issuer(s)
Ministry of Environment and Ecology (MEE), National Development and Reform Commission (NDRC), People’s Bank of China (PBOC), China Banking and Insurance Regulatory Commission (CBIRC), and China Securities Regulatory Commission (CSRC)
Link to Full Version(s)

English

Chinese