Ningxia companies, such as Fengyou Chemical Co., Ltd. and Qingtongxia Huineng Thermal Power Generation Co., Ltd., have officially received funds of 85.50 million yuan in energy-saving technological transformation from the central government. This is the first batch of enterprises in Ningxia to benefit from the implementation of the policy of “substituting for subsidiesâ€.
In order to achieve the binding targets set for energy conservation and emission reduction during the “Eleventh Five-Year Plan†period, starting from August 2007, the central government began to implement the policy of “substituting for subsidies†for the ten key energy-saving technological transformation projects, each saving a ton. The standard coal central finance will give enterprises 200 yuan to 250 yuan.
2008 is a crucial year for fulfilling the binding targets for energy conservation and emission reduction in the “Eleventh Five-Year Plan†period. According to the recent deployment of the Central Economic Work Conference, the completion of energy saving and emission reduction targets will be used as an “important criterion for examining the effectiveness of economic developmentâ€, which will become a “hard bar†for assessing the level of local cadres' governance.
Relevant experts pointed out that from the perspective of public finances, energy conservation and emission reduction should be an important part of public financial support, because under the market conditions, enterprises with the goal of maximizing profit are not willing to increase investment in energy conservation and emission reduction, and they need the government’s Interventions to make up for market deficiencies.
In 2007, the central government allocated a total of 23.5 billion yuan to support energy conservation and emission reduction. At the same time, local financial support for energy conservation and emission reduction has begun to increase.
"The fiscal year 2008 will also increase investment in energy conservation and emission reduction," said Xie Xuren, Minister of Finance. At the same time, in the new year, the government will also play a more leading role in energy conservation and emission reduction, which will be highlighted in the financial support for the company's energy-saving technological transformation projects.
China's current key enterprise product energy consumption is 20% to 40% higher than the international advanced level. Some major energy-saving technology applications are also very limited. The implementation of energy-saving technological transformation of enterprises is an effective measure to achieve energy-saving goals.
According to reports, in 2007 China has awarded incentives for 700 energy-saving technological transformation projects for enterprises, and will continue to intensify efforts in 2008. It is expected that during the “Eleventh Five-Year Plan†period, 130 million tons of standard coal will be saved. "This will fundamentally change the situation where China's key energy products are over-consumed and the use of major energy-saving technologies is insufficient," said Zhang Shaochun, deputy finance minister.
In addition, the fiscal year 2008 will also increase support for the construction of sewage pipe networks and pollution emission reduction monitoring systems in the central and western regions, accelerate the establishment of new mechanisms for promoting energy conservation and emission reductions, and establish an outdated production capacity withdrawal mechanism. Local governments must arrange funds to eliminate backward production capacity. The central government will also give appropriate subsidies and incentives to underdeveloped areas, and increase governance investment in the "Three Rivers and Three Lakes" and Songhua River and other key river basins.
“In 2008, we will further improve the fiscal and taxation policies that encourage energy conservation and emission reduction.†Xie Xuren introduced a regular reduction or exemption of corporate income tax policies for eligible energy-saving and environmental protection projects and investment in special equipment, and investment in energy-saving and emission-reducing equipment. Deductions, improve the preferential policies for the comprehensive utilization of waste materials and resources, and improve the fiscal and taxation policies that support the development of new energy and renewable energy.
It can be expected that in 2008, a series of incentive policies that are conducive to energy conservation and emission reduction, such as prices, fiscal and taxation, and finance, are expected to be introduced and implemented; the intensity of eliminating backward production capacity in key industries and key areas will be further increased; and ecological compensation mechanisms for resource development are also It will be continuously improved.
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