Relevant Chinese authorities issued a comprehensive guideline on energy conservation and carbon reduction, clearly proposing the establishment of a special national low-carbon transition fund. The fund will focus on supporting the green upgrading of traditional industries and helping resource-dependent regions complete low-carbon transformation.

The policy puts forward strict requirements on controlling the scale of thermal power, accelerating the development of wind power, photovoltaic and energy storage industries, and improving tiered electricity price and time-of-use electricity price mechanisms. Multiple green financial tools will be optimized to provide long-term financial support for energy-saving and emission-reduction projects.

Affected by the favorable policies, domestic green power, energy storage and environmental protection sectors have gained obvious gains. Under the “dual carbon” strategic goal, China’s green and low-carbon industrial system is constantly improving. Green manufacturing, new energy equipment and carbon reduction service enterprises will fully benefit from policy dividends. The continuous optimization of energy-saving and carbon reduction policies will also inject lasting impetus into China’s high-quality economic development.