人民银行：研究优化碳减排支持工具，将更多具有减碳效益的领域纳入支持范围

Core Insights - The People's Bank of China (PBOC) released the 2025 Q4 monetary policy execution report, highlighting the growth and development of green finance in China, which is crucial for achieving carbon neutrality goals [1] Group 1: Green Finance Growth - Green loans have seen an average annual growth rate of 30.2% during the 14th Five-Year Plan, significantly outpacing the overall loan growth by 21.1 percentage points, with the balance of green loans increasing from 6.7% to 16.2% of total loans [1] - Cumulative issuance of green bonds reached 5.2 trillion yuan, with a balance of 2.4 trillion yuan, representing a 1.8 times increase since the end of 2020, positioning China among the top globally [1] Group 2: Future Initiatives - The PBOC plans to enhance the policy and standard system for green finance, focusing on high-quality development to support comprehensive green transformation in economic and social development [2] - Financial institutions will be guided to improve carbon accounting capabilities and gradually incorporate carbon emissions into asset portfolio considerations, aligning with international standards while considering domestic realities [2] - There will be efforts to optimize carbon reduction support tools and promote financing for environmental rights, such as carbon emission rights and water rights, to enhance resource and environmental value [2] - Collaboration with industry and fiscal departments will be strengthened to improve the quality and efficiency of green financial services through mechanisms like information sharing and risk compensation [2]