Ministry of Commerce: Encourage financial institutions to develop a variety of financial products and services based on the calculation of carbon footprints of foreign trade products and the certification of carbon labeling, under the premise of legal compliance and controllable risks.

The Ministry of Commerce has issued the Implementation Opinions on Expanding Green Trade. The opinions propose strengthening financial policy support. Encourage financial institutions to develop a variety of financial products and services based on the carbon footprint accounting and carbon labeling certification results of export products, under the premise of legal compliance and controllable risks. Encourage insurance institutions engaged in export credit insurance business to optimize underwriting and claims services in accordance with marketization and rule of law principles, further supporting the export of green and low-carbon related products.