China encourages private capital into environment protection industry, report
BEIJING, Dec. 8 (Xinhua) - China encourages social capital to participate in emission rights and carbon quota trading, to set up environmental protection investment funds by private equity, and supports environmental protection projects to raise funds through corporate bonds and project yield bonds, according to Ou Hong, inspector with the investment department under the National Development and Reform Commission (NDRC).
The State Council, China's cabinet, had earlier released guideline opinions on investment and financing mechanism innovation in seven key fields as well as encouraging the participation of social investment, with the key fields targeting ecological and environmental protection, agricultural water conservancy, municipal facilities, transportation, energy facilities, information, civil use space facilities as well as social undertakings, according to a report by cnstock.com.
China would actively push environmental pollution third party treatment and the marketization of municipal infrastructure facility investment, according to the guidelines.
Meanwhile, the guideline opinions encourage the participation of social capital in emission right and carbon quota trading, suggest to speed up adjusting fee collection standard on main pollutants, carrying out differentiated fee collection on pollution discharge and refining pricing mechanism for sewage and waste treatment facilities in a bid to push forward environmental protection, energy saving as well as emission reduction in more market oriented ways, according to the report. (Edited by Niu Huizhe, email@example.com)