Core Viewpoint - The State Council has issued an implementation plan to promote high-quality development of new energy, focusing on various financial support measures and innovative policies to enhance the sector's growth [1][2]. Group 1: Policy Measures - The implementation plan includes 21 policy measures across seven areas, emphasizing the need for innovative financial products and services to support new energy projects [1]. - It aims to integrate new energy development with rural revitalization, encouraging farmers to utilize their rooftops for solar energy and promoting decentralized wind power development in rural areas [2][3]. - The plan also highlights the construction of large-scale wind and solar power bases in desert and arid regions, with a target of 450 million kilowatts of capacity planned, of which 85 million kilowatts are already under construction [2][3]. Group 2: Financial Support - The plan proposes to enhance financial policies supporting new energy, including optimizing the use of fiscal funds and incorporating eligible public construction projects into local government bond support [3][4]. - It emphasizes the need for sustainable capital investment in new energy projects, encouraging social capital participation and innovation in green financial products by commercial financial institutions [4]. - The integration of the green electricity market with the carbon emission trading market is also suggested to broaden financing channels for projects [4].

Core Viewpoint - The implementation plan for high-quality development of green finance in the banking and insurance sectors aims to enhance financial services for green industries and support the low-carbon transition of high-energy and high-emission sectors [1][3]. Group 1: Financial Supply and Service Adaptability - The plan encourages financial institutions to optimize credit supply and develop specialized green financial products, with large commercial banks playing a key role in supporting the green transition of the real economy [3][4]. - As of the end of 2024, the balance of green credit from 21 major banks is projected to reach 32.78 trillion yuan, a year-on-year increase of 20.61%, while green insurance premium income is expected to be 333.1 billion yuan [4]. Group 2: Risk Prevention and Commercial Sustainability - The plan outlines specific risk prevention requirements for financial institutions, urging them to integrate environmental, social, and governance (ESG) criteria into their risk management systems [5][6]. - Financial institutions are required to maintain a sound market order and ensure commercial sustainability by setting reasonable loan interest rates and managing risks associated with high-energy and environmentally harmful projects [6]. Group 3: Future Developments and Policy Framework - The financial regulatory authority plans to continue improving the green finance policy framework and promote unified statistical standards for green finance [7]. - There will be a focus on enhancing collaboration with industry regulators and supporting the development of green finance products and markets, particularly in key sectors like industry and construction [7].