Research on the central bank's carbon emission reduction support tool under the dual carbon target

Abstract

Under the background that central banks have successively issued green financial policies to deal with climate change, on November 8, 2021, the people's Bank of China officially announced the creation and launch of carbon emission reduction support tools to help achieve the "double carbon goal" as soon as possible. Support the development of key areas such as clean energy, energy conservation and environmental protection and carbon emission reduction technologies in a steady, orderly, accurate and direct manner, and leverage more social funds to promote carbon emission reduction. This structural monetary policy tool is different from the traditional monetary policy. It will drive the accurate delivery of basic currency through its special transmission mechanism; Stimulate the overall growth of green credit scale; Promote the adjustment of industrial structure; Help to further improve the relevant information disclosure and review mechanism. At the same time, as a long-term financial instrument, carbon emission reduction support tool still has great room for improvement in the future. It is expected to be continuously improved in supporting credit policies, issuing objects, supporting industries, disclosure mechanism and other aspects.