Photovoltaic and other new energy projects are bright, diversified investment and financing "fast forward" green investment is moving forward, and huge incremental space will be opened
2022-05-30
The reporter noted that since the beginning of this year, under the overall situation of promoting "double carbon" work and making efforts to stabilize growth, China's green investment has performed well, especially the explosive growth of new energy projects represented by photovoltaic, and diversified investment and financing support has also pressed the "fast forward" button. Industry insiders predict that green investment during the "fourteenth five year plan" period will release billions of yuan of incremental space, providing a considerable driving force for economic growth. Green industry performs well On May 28, two megawatt pumped storage power stations in Meizhou and Yangjiang of Guangdong Province built by China Southern Power Grid Corporation were put into operation at the same time, with a total investment of about 15billion yuan, stimulating an investment of about 30billion yuan in the upstream and downstream industrial chain and about 74000 jobs. Since this year, the planning and construction of large-scale wind and solar power bases and their supporting regulatory power sources have been accelerated, and the photovoltaic investment has performed well. According to the data of the national energy administration, from January to April, major power generation enterprises nationwide completed 117.3 billion yuan of investment in power projects, an increase of 5.1% year-on-year. Among them, 29billion yuan was invested in solar power generation, a year-on-year increase of 204.1%. There will be more projects in the future: Huaneng Group expects that the total investment in new energy projects started in the first half of the year will reach 90billion yuan; The national energy group plans to invest 200billion yuan this year, striving to achieve the construction of 31million kW and the production of 22million kW of power projects, of which more than 20million kW and 15million kW of new energy projects have been started and put into production Dongwancheng, deputy director of the development planning department of the national energy administration, said that the construction of the first batch of large-scale wind power photovoltaic base projects in the desert Gobi desert region this year was accelerated, driving the planned investment in solar power generation and onshore wind power to increase by 202.6% and 13.3% year-on-year. The investment in pumped storage continued to improve, and the planned investment increased by 31% year-on-year. This is not an example. In 2022, the development of China's green industry will accelerate, driving the green recovery at both ends of supply and demand, and becoming one of the important drivers of steady growth. Take the new energy vehicle industry as an example. From January to April, the sales volume of domestic new energy vehicles increased by 1.1 times year-on-year, and the market share reached 20.2%. Although the overall domestic automobile market was severely hit by the epidemic in April, the sales volume of new energy vehicles still achieved a year-on-year increase of 44.6%, which also led to a significant increase in the output value of its upstream and downstream industrial chains. Liuxiangdong, Vice Minister of the Economic Research Department of the China Center for international economic exchanges, said that the rapid development of green industries is the key to cultivating new drivers of development and gaining new competitive advantages in the future, and will become an important force to support economic growth. Deeply tapping the potential of green industry development is conducive to enhancing the momentum of development, so as to effectively support high-quality economic development. Diversified investment and financing "fast forward" In order to meet the needs of large-scale green projects, diversified financing support is accelerating. At the beginning of May, the people's Bank of China increased the amount of refinancing by 100billion yuan again. Up to now, the total amount of special refinancing to support the clean and efficient utilization of coal has reached 300billion yuan. The latest financial data at the end of the first quarter of 2022 released by the people's Bank of China shows that the balance of domestic and foreign currency green loans is 18.07 trillion yuan, a year-on-year increase of 38.6%, 5.6 percentage points higher than the end of the previous year. In terms of investment direction, the balance of loans for infrastructure green upgrading industry, clean energy industry and energy conservation and environmental protection industry was 8.27 trillion yuan, 4.74 trillion yuan and 2.32 trillion yuan respectively, with year-on-year growth of 31.3%, 39.3% and 58% respectively. With the improvement of the green financial system, more innovative theme bonds were issued. For example, China Merchants Bank recently issued the first phase of green financial bonds in 2022, which is also the first time that commercial banks nationwide have issued green financial bonds with the theme of Rural Revitalization. All the raised funds will be used for green industry projects within the county that help strengthen support for Rural Revitalization of financial services, especially wind power, photovoltaic and other clean energy projects. Encourage green investment and financing, and accelerate the deployment at the local level. On May 27, the Beijing Municipal Bureau of financial supervision and other four departments jointly issued a document, proposing to "expand investment in the green field", "explore the construction of a national green project library and an international green project library oriented to the" the Belt and Road ", and improve the market-oriented green investment and financing credit enhancement mechanism". On May 26, several provisions on the development of green finance in Pudong New Area of Shanghai (Draft) were publicly solicited for comments. It was mentioned that Pudong should explore differentiated investment and financing modes to carry out climate investment and financing pilot projects, and strengthen orderly investment of various funds by market means. "In the next step, we will strive to improve the top-level design of the green financial system and promote the green and low-carbon transformation of China's energy structure, industrial structure, production and lifestyle." Chenyulu, vice president of the people's Bank of China, said. Huge incremental space will open As an important field leading a new round of industrial reform, the investment in green industries will continue to heat up during the "fourteenth five year plan" period. According to the guiding opinions of the State Council on accelerating the establishment and improvement of a green low-carbon circular development economic system, the proportion of green industries will increase significantly by 2025. At the local level, a series of medium - and long-term planning and development goals are also defined. For example, Beijing has made it clear that during the "fourteenth five year plan" period, clean substitution of coal will be promoted, the proportion of high-quality energy will increase to 98.5%, and the proportion of renewable energy in the energy consumption of the whole society will increase to 10.4%. Tianjin will carry out ten key projects, including the park green low-carbon development project, the green manufacturing system construction project, the ultra-low energy consumption building construction project, the green data center demonstration project, the coal reduction clean alternative project, etc. A number of green industrial clusters of the order of 100 billion and trillion will also accelerate their rise. During the "14th five year plan" period, Henan plans to form an industrial scale of 200billion yuan and accelerate the construction of a low-carbon and efficient energy support system. Ningbo will invest nearly 400billion yuan to build a number of new chemical materials projects, and strive to make the output value of the green petrochemical industry exceed 1trillion yuan and become a world-class green petrochemical industry cluster. According to the prediction of the energy foundation, during the "14th five year plan" period, the total investment in green investment fields, including the digital upgrading of traditional industries and the construction of renewable energy friendly energy systems, will reach nearly 45 trillion yuan. Dongzhanfeng, deputy director of the Policy Institute of the Environmental Planning Institute of the Ministry of ecological environment, pointed out that with the current tightening of environmental supervision, green industry investment is expected to continue to improve. He said that the "14th five year plan" is a crucial period to promote high-quality economic development and continuous improvement of ecological environment quality. It is expected that there will be more powerful market economy incentive policies at the follow-up policy level, such as financial subsidies and tax incentives for circular economy, clean production, low-carbon or zero carbon industries. (Xinhua News Agency)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Economic Information Daily
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