Inner Mongolia Establishes New Mechanism for Emission Reduction

January 22 learned from the Ministry of Finance of Inner Mongolia Autonomous Region that in 2008, Inner Mongolia will increase financial capital input, actively promote the energy and chemical industry energy-saving emission reduction, and establish a new mechanism of government-led, enterprise-based, social participation of energy-saving emission reduction input mechanism .
According to reports, this year's Inner Mongolia Finance Department will allocate 50 million yuan of special funds for energy-saving technological transformation, with energy-saving technological transformation, elimination of backward production capacity, etc., as breakthroughs, supporting key industries including energy and chemical industries with high energy consumption and urgent need for environmental protection, and arranging at the same time Special funds, in the form of discount interest and rewards, support the construction of key energy conservation projects in all parts of Inner Mongolia, gradually changing the energy consumption of the energy and chemical industry in Inner Mongolia, and the inefficient use of energy-saving technologies. At the same time, the financial department will also arrange 40 million yuan of funds to be used in conjunction with the national elimination of outdated production capacity incentive funds, reward each year's energy-saving advanced units, and provide a certain amount of transfer payment support for the elimination of backward fiscal capacity-reducing regions. Establish a withdrawal compensation mechanism.

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