Guangdong Province has issued a budget for central energy conservation and emission reduction subsidy funds earmarked for hydrogen energy pilot programs.
On October 20, the Guangdong Provincial Department of Finance forwarded and allocated the 2026 central energy conservation and emission reduction subsidy fund budget (third batch), totaling 341.7 million yuan, specifically for the pre-allocation of reward funds for the 2026 hydrogen energy comprehensive application pilot program.
The funds were allocated to the finance bureaus of five cities: Guangzhou, Foshan, Shaoguan, Jiangmen, and Zhanjiang, with revenue classified under "Transfer Payment Income for Shared Fiscal Authority on Energy Conservation and Environmental Protection."
Details of the Allocation
The Guangdong Provincial Department of Finance issued a notice on forwarding and allocating the 2026 energy conservation and emission reduction subsidy fund budget (third batch), numbered Yue Cai Gong [2026] No. 149.
The notice was addressed to the finance bureaus of Guangzhou, Foshan, Shaoguan, Jiangmen, and Zhanjiang.
According to the provisions of the Notice from the Ministry of Industry and Information Technology, the Ministry of Finance, and the National Development and Reform Commission on Carrying Out Hydrogen Energy Comprehensive Application Pilot Work (Gong Xin Bu Lian Jie [2026] No. 59), the Notice from the Ministry of Finance on Issuing the 2026 Energy Conservation and Emission Reduction Subsidy Fund Budget (Third Batch) (Cai Jian [2026] No. 327), and the reply from the Guangdong Provincial Department of Industry and Information Technology regarding the 2026 central energy conservation and emission reduction subsidy fund budget (third batch) allocation plan, the 2026 central energy conservation and emission reduction subsidy fund budget (third batch) is hereby allocated (specific amounts and account codes are detailed in Attachment 1).
Key Requirements
First, the funds are to be used for the pre-allocation of reward funds for the 2026 hydrogen energy comprehensive application pilot program. Revenue is classified under the 2026 government revenue and expenditure classification account "1100250 Transfer Payment Income for Shared Fiscal Authority on Energy Conservation and Environmental Protection," and expenditure is classified under "2119999 Other Energy Conservation and Environmental Protection Expenditure."
Second, relevant parties must strictly implement the requirements for comprehensively implementing budget performance management and the provisions of fund management measures, promptly disburse the relevant funds, and during budget execution, conduct performance monitoring against the performance targets (Attachment 2) to effectively improve the efficiency of fiscal fund utilization.
Third, after the relevant cities receive the funds, if they are arranged for enterprises in the form of capital injection or investment subsidies, the nature of the funds and the form of accounting entry must be separately specified when handling the fund allocation documents. If there are ownership provisions for enterprise investment subsidies, these must also be clearly specified. Enterprises must be required to increase state capital or state-owned capital reserves in accordance with relevant national regulations after receiving capital injections; for government investment subsidies obtained, they must increase capital reserves or paid-in capital, and implement government rights and interests in accordance with regulations.
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