Help enterprises save energy and reduce carbon emissions! The first carbon emission reduction support tool loan in Nantong

Recently, Jiangsu Nantong Rural Commercial Bank applied for a carbon emission reduction loan project for Bochini Intelligent Equipment (Nantong) Co., Ltd., which is targeted towards the sub field of waste heat and pressure utilization in the field of energy conservation and environmental protection. It is expected to help the enterprise achieve significant carbon emission reductions every year.

After the implementation of the project, it can not only bring economic benefits to the enterprise, but also drive energy conservation and carbon reduction in downstream application industries through green innovation in equipment manufacturing, forming a virtuous cycle.

The Carbon Emission Reduction Support Tool is a monetary policy tool created by the People's Bank of China in 2021 to support carbon peak and carbon neutrality. Through low interest refinancing funds, it supports 21 national banks to issue loans to key areas such as clean energy, energy conservation and emission reduction, and carbon emission reduction technologies. After the creation of the tool, Nantong Branch actively promoted the use of structural monetary policy tools by nationwide bank branches in Nantong, and implemented the first batch of carbon emission reduction loans nationwide, issuing a total of nearly 7.4 billion yuan in carbon emission reduction loans.