Special refinancing loan to support the clean and efficient use of coal to promote green and low-carbon development

Country / jurisdiction: People's Republic of China · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The State Council announced the establishment of a RMB 200 billion special refinancing loan to support the clean and efficient use of coal to promote green and low-carbon development.

Support areas: safe, efficient, green and intelligent mining of coal, clean and efficient processing of coal, clean and efficient utilization of coal power, clean combustion and clean heating for industry, clean heating for civil use, comprehensive utilization of coal resources and the development and utilization of coal-bed methane.

Specific method: National banks will independently grant preferential loans to projects within the scope of support that meet the criteria, with interest rates roughly equal to the LPR for loans of the same maturity, and the People’s Bank of China could provide refinancing support in equal amounts to the principal amount of the loan.

Official source: http://www.gov.cn/xinwen/2021-11/17/content_5651513.htm