WHAT WE DO > Green Finance > Secondary Conservation
Overview
A project that provides a portion of the interest on loan products to financial institutions to help companies that are working toward carbon neutrality secure funds for greenhouse gas and energy reduction processes and industrial transformation at low loan rates from private financial institutions.
Related laws
Article 28 of the Framework Act On Low Carbon, Green Growth
;
Article 70 of the FRAMEWORK ACT ON CARBON NEUTRALITY AND GREEN GROWTH FOR COPING WITH CLIMATE CRISIS
Green Policy Finance Revitalization Secondary Conservation Support Project Operational Standards
5W1H
Secondary conservation of Green policy finance - financial institutions
Applicants for secondary conservation must submit a GHG reduction plan that includes an overview of their business to the bank, which is verified by a third party and approved by the bank after review.
Korea Development Bank established under the "Korea Industrial Bank Act“
"Small and Medium Business Bank established under the Small and Medium Business Bank Act
"Agricultural cooperative banks under the Agricultural Cooperatives Act
"Fisheries Cooperative Association under the Fisheries Cooperatives Act
"Korea Export-Import Bank established under the Korea Export-Import Bank Act
"Banks licensed and established under the Banking Act (excluding online and internet banks)
Secondary conservation of Green Policy - Process
Applicants for secondary conservation must prepare and submit a GHG reduction plan with business outline to the Bank, which is verified by a third party and approved by the Bank after review.
*Plan : GHG reduction plan
*Verification organization: An organization designated pursuant to Article 24(2) of the Act on the Allocation and Trading of Greenhouse Gas Emission Permits, selected by the competent department and initiated separately.
※ Verification of GHG Reduction Plan Before handling the loan, an evaluation report on the company's GHG reduction plan must be issued by a verification agency to verify and treat the expected reduction of GHGs, and the evaluation fee is borne by the bank.
Secondary Conservation of Green Policy Finance-Required Documents for submission
