Supporting the development of renewable energy and accelerating the construction of a new energy system
On March 17th, the Ministry of Finance released the "Report on the Implementation of China's Fiscal Policies in 2025". The report points out that actively and steadily promoting carbon peak and carbon neutrality. Comprehensively utilizing fiscal funds to guide and government green procurement and other policy measures to promote the green and low-carbon transformation of key areas. Support the development of renewable energy and accelerate the construction of a new energy system.
One is to implement a more proactive fiscal policy. Introduce and implement policies for personal consumption loans and subsidized loans for service industry operators, carry out pilot projects for new forms, models, and scenarios of consumption, and build an international consumption environment, to stimulate consumption potential from both the supply and demand sides.
The second is to solidly promote high-quality development. Implement the strategic deployment of building a strong country in science and technology, and make every effort to ensure the development of major national science and technology projects and key core technologies. Improve the allocation and management mechanism of central government science and technology funds, and enhance the efficiency of science and technology investment.
The third is to effectively safeguard and improve people's livelihoods. Deepen the implementation of the employment priority policy, further promote stable job positions and employment absorption in enterprises. Orderly implementation of public hospital reform and high-quality development demonstration projects, and improvement of the public cultural service system. Intensify efforts to promote ecological protection and restoration, steadily advance carbon peak and carbon neutrality, and continuously improve the quality of the ecological environment.
The fourth is to prevent and resolve risks in key areas. Persist in sinking financial resources, improve mechanisms, and strengthen the "three guarantees" guarantee at the grassroots level. Jointly promote the reform of insurance for small and medium-sized financial institutions. Issuing local government special bonds to support land reserves and the purchase of existing commercial housing for affordable housing.
Fifth, deepen the reform of fiscal management. Comprehensively deepen the reform of the financial and tax system, improve the budget system, deepen the zero based budget reform, continue to promote the construction of the expenditure standard system, and strengthen budget performance management. Improve the tax system, promote the introduction of implementation regulations for the value-added tax law, and improve the value-added tax retention and refund policies.
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