Jin Rong Shi Bao·2025-09-11 06:13Core Viewpoint - The implementation of carbon reduction support tools in Yichun City has significantly boosted local green development and created new demands for enterprises in their low-carbon transformation process [2]. Group 1: Financial Support and Impact - A local environmental company received an 8 million yuan loan for its rooftop distributed photovoltaic project, with a loan interest rate reduced by 109 basis points, alleviating financial burdens and enabling project execution [1]. - As of June 2025, Yichun City has issued loans totaling 3.483 billion yuan under the carbon reduction support tool, ranking second in the province, with a green loan balance of 91.691 billion yuan, reflecting a year-on-year growth of 22.96% [1]. Group 2: New Demand for Low-Carbon Transformation - The introduction of carbon reduction support tools has led to increased willingness among enterprises to pursue carbon reduction projects, overcoming previous financial constraints [2]. - The financing needs for carbon reduction projects have grown significantly, requiring financial institutions to provide substantial credit support for long-term projects like pumped storage power stations and photovoltaic power generation [2]. Group 3: Financial Institutions' Response - Financial institutions in Yichun have optimized credit approval processes, reducing the average time from 40 working days to under 20 days for carbon reduction project loans [3]. - New long-term credit products with repayment terms of up to 30 years have been introduced to accommodate the unique financing needs of carbon reduction projects [3]. - Financial institutions are actively promoting loan applications to ensure that eligible carbon reduction loans are reported and utilized effectively [3]. Group 4: Central Bank Initiatives - The People's Bank of China in Yichun has established a project database focusing on key areas for carbon reduction, collaborating with local government departments to identify significant projects [4]. - A communication mechanism has been set up to facilitate the use of carbon reduction support tools, including policy promotion and direct engagement between financial institutions and enterprises [5].