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Notice on Financial Support for Carbon Neutralization of Carbon

legislation type Executive
Decision
Passed in 2022
This document provides guidelines on leveraging the role of fiscal policies to achieve the country's carbon peaking and carbon neutrality goals, set in 2021 in the "1+N" Action Plan. According to the guidelines, the country will update its financial policy framework by 2030 to support green and low-carbon development, notably making use of market mechanisms like carbon and pollution discharge trading. 

According to its stated objectives, a first step in the enrichment of fiscal policy tools as well as the tax policy framework will be reached by 2025. This should cover all regions and industries. Before 2030, the fiscal and taxation policy system will be finalised, enabling the carbon-peaking threshold. A long-term mechanism to promote green and low-carbon development will be gradually established. Before 2060, the policy system of financial support for green and low-carbon development will enable to reach carbon neutrality.

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