Hebei invests heavily to support energy-saving and environmental protection industries

Hebei Province has increased its capital investment and effectively promoted the development of energy-saving, environmental protection, and emerging industries with recycling economy characteristics.
Hebei Province is a province with a large energy consumption, with an annual comprehensive energy consumption of nearly 200 million tons of standard coal, energy consumption per unit of GDP is higher than 60% of the national average, and energy problems have become a “bottleneck” that restricts economic development in the province.
In recent years, Hebei Province has increased its capital investment in comprehensive energy utilization, new energy development, and renewable energy utilization projects. In addition to provincial-level fiscal investment of 340 million yuan, it has supported energy-saving, environmental protection projects, and emerging industries with circular economy characteristics. In addition to the project, it also sought more than 2.3 billion yuan of special funds for government bonds, technological transformation of steel, coal and other production companies, and multi-fundraising 150 million yuan, used for power demand side management of new technologies, new projects loan interest subsidies.
In order to ensure the realization of energy-saving and emission-reduction targets, Hebei Provincial Finance, on the basis of integrating existing funds, adopts bank loans, financial discounts, and other methods to guide and support enterprises in research, development, and application of new energy-saving products, new technologies, and new technologies. Focusing on supporting the industrialization of energy-saving technologies and localization of key energy-saving equipment, a number of key energy-saving demonstration projects have been built.
According to reports, the Hebei provincial government has included the independent research and development of new energy-saving technologies, the digestion and absorption innovation of imported technologies, and the development and utilization of renewable energy and new energy sources, which have been listed as priorities for government investment in science and technology. In the next few years, the province will focus on the implementation of ten major energy-saving projects such as coal-fired boiler reform, residual pressure residual heat utilization, motor system retrofit, and green lighting.

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