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Zeng Xiaoan, deputy director of the Department of Economic Construction of the Ministry of Finance, said that China has mainly considered six aspects in building a fiscal energy-saving policy system. Where it is conducive to energy conservation, fiscal and taxation policies should be supported and motivated. If it is not conducive to energy conservation, fiscal and taxation policies should be constraint.
In an online interview with the Chinese government network, Zeng Xiaoan said that China's current energy policy is to develop and save both, and saving is in the first place. However, at present, China has insufficient guidance on energy conservation and insufficient incentives; energy price reform is not in place, and high energy consumption is not enough. He said that there are many fiscal policy tools and a large regulatory role, and a variety of policy instruments such as input, taxation, government procurement, and resource and environmental price formation mechanisms can be used to achieve good results.
Zeng Xiaoan said that the fiscal energy-saving policy system is mainly composed of six aspects. First, special funds are set up to increase investment in energy-saving funds. The second is to adjust the tax system, encourage energy conservation, and promote the rational development and utilization of energy. The third is to improve government procurement policies and encourage government agencies to take the lead in energy conservation. The fourth is to improve the system of paid use of resources and environmental security, to promote the completeization of energy costs, so that the price truly reflects the cost. The fifth is to subsidize special industries and grain farmers to create a stable environment for the gradual rationalization of refined oil prices, and create conditions for the final formation of a price mechanism that is conducive to saving oil. The sixth is to set up special funds for renewable energy, support the development and utilization of renewable energy and new energy, and gradually reduce dependence on traditional energy.
Zeng Xiaoan said that fiscal policy is a major tool for national macro-control and an indispensable means of energy conservation and emission reduction. On the basis of earnest research, the Ministry of Finance has clarified the current and future financial and energy conservation work ideas, that is, “strictly realizing the basic responsibility of the reservoir, innovating mechanisms, increasing investment, and creating an environmentâ€. In recent years, the financial support for energy conservation has been increasing. In 2007, 23.5 billion yuan was allocated. In 2008, 27 billion yuan was allocated. Many local financial departments have also set up special funds to support energy conservation and emission reduction.
In an online interview with the Chinese government network, Zeng Xiaoan said that China's current energy policy is to develop and save both, and saving is in the first place. However, at present, China has insufficient guidance on energy conservation and insufficient incentives; energy price reform is not in place, and high energy consumption is not enough. He said that there are many fiscal policy tools and a large regulatory role, and a variety of policy instruments such as input, taxation, government procurement, and resource and environmental price formation mechanisms can be used to achieve good results.
Zeng Xiaoan said that the fiscal energy-saving policy system is mainly composed of six aspects. First, special funds are set up to increase investment in energy-saving funds. The second is to adjust the tax system, encourage energy conservation, and promote the rational development and utilization of energy. The third is to improve government procurement policies and encourage government agencies to take the lead in energy conservation. The fourth is to improve the system of paid use of resources and environmental security, to promote the completeization of energy costs, so that the price truly reflects the cost. The fifth is to subsidize special industries and grain farmers to create a stable environment for the gradual rationalization of refined oil prices, and create conditions for the final formation of a price mechanism that is conducive to saving oil. The sixth is to set up special funds for renewable energy, support the development and utilization of renewable energy and new energy, and gradually reduce dependence on traditional energy.
Zeng Xiaoan said that fiscal policy is a major tool for national macro-control and an indispensable means of energy conservation and emission reduction. On the basis of earnest research, the Ministry of Finance has clarified the current and future financial and energy conservation work ideas, that is, “strictly realizing the basic responsibility of the reservoir, innovating mechanisms, increasing investment, and creating an environmentâ€. In recent years, the financial support for energy conservation has been increasing. In 2007, 23.5 billion yuan was allocated. In 2008, 27 billion yuan was allocated. Many local financial departments have also set up special funds to support energy conservation and emission reduction.
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