The financial institutions that received funds under this facility were required to disclose such information as the emissions reduction and the carbon footprint of projects financed by such loans. We have engaged independent third-party agencies to verify their information disclosure. The CERF helped reduce carbon emissions by 100 million tons of carbon dioxide equivalent (tCO2e) in 2022.
Generally speaking, Chinese modernization means new requirements for the establishment of a modern central banking system. To sum up the tasks involved, the priority is to achieve currency stability and financial stability. The fulfillment of these two tasks helps promote full employment and economic growth.