Hebei issued a document to accelerate the promotion of green insurance and help achieve the "double carbon" goal

On September 22, 2020, in the speech at the general debate of the 75th UN General Assembly, China announced that carbon dioxide would strive to reach its peak by 2030 and strive to achieve carbon neutralization by 2060. In order to achieve the "double carbon" goal, in February 2021, the guiding opinions of the State Council on accelerating the establishment and improvement of a green and low-carbon circular development economic system (GF [2021] No. 4) were issued, which made a comprehensive deployment on accelerating the establishment and improvement of a green and low-carbon circular development economic system, and clearly put forward in vigorously developing green finance, "Develop green insurance and give play to the role of insurance premium adjustment mechanism". The China Banking and Insurance Regulatory Commission (hereinafter referred to as “CBIRC") also listed green insurance as the key work in 2021.

In order to thoroughly implement the major decisions and arrangements of the CPC Central Committee and the State Council on carbon peaking and carbon neutralization, fully implement the relevant work requirements of the CBIRC, the provincial party committee and the provincial government, accelerate the development of green finance in the banking and insurance industry of the province, and help achieve the "double carbon" goal, On October 8, 2021, Hebei Banking and Insurance Regulatory Office issued the guidance of Hebei Banking and Insurance Regulatory Office on the development of green finance in the banking and insurance industry to help achieve the goal of carbon peak and carbon neutralization (HBIRO [2021] No. 32).