Original title: China Securities Regulatory Commission Wang Jianping: plans to study and launch futures related to carbon emission rights when conditions are ripe Source: Shanghai Securities News
Shanghai Securities News China Securities News (Reporter Zhang Qiongsi) Wang Jianping, Director of the Second Market Supervision Department of the China Securities Regulatory Commission, revealed at the Global Wealth Management Forum 2021 Beijing Summit on July 24 that he will actively promote the development of the carbon futures market. On July 16, the national carbon emission rights market was officially launched. The relevant futures exchanges are also actively engaged in the research and development of carbon futures, and plan to study and launch futures related to carbon emission rights when conditions are ripe.
He also said at the meeting that private equity funds should make good use of the development opportunities of green investment and play an active leading role. The China Securities Regulatory Commission resolutely implements the major decisions and deployments of the Party Central Committee and the State Council on achieving carbon peak and carbon neutral targets as scheduled, and is actively formulating guidance on the capital market to help carbon peak and carbon neutral targets, and strengthen policy incentives and restraint mechanisms. , Encourage all types of institutional investors to participate in the green financial market, guide long-term and sustainable investment behaviors, and promote solutions to the financing difficulties and expensive financing of green and low-carbon projects; at the same time, the green recovery in the post-epidemic era has brought new ideas to private equity funds. Development opportunities.
On the one hand, investors’ increasing demand for ESG investment will bring more extensive and diversified funding sources to private equity funds. In the international asset management industry, ESG has become the mainstream investment philosophy and investment strategy. In 2020, major global economies have issued nearly a dozen related policies for ESG investors or ESG products; the scale of ESG assets is growing rapidly, and in global asset management The scale accounts for more than 30%.
On the other hand, the green and low-carbon transformation will bring a lot of investment opportunities for private equity funds, and the global green recovery is bringing about a new round of industrial transformation. my country has many high-growth technological innovation companies with obvious advantages in photovoltaic power generation, new energy batteries and other fields, and has become the preferred destination of global private equity funds. Both US dollar funds and RMB funds are chasing these industries. The official launch of the national carbon emission trading market has enabled my country to have the world‘s largest carbon market, and further promoted the emission reduction process of my country’s key industries.
Wang Jianping said that in the future, large carbon emitters in traditional industries and transportation will also be included in the carbon market. Subdividing the upstream and downstream of the industrial chain of these major carbon emitters can reveal huge emission reduction market potential. Among them, only the currently visible carbon dioxide capture and storage technology, energy storage technology, green chemical industry, non-fossil energy applications, etc. Will trigger disruptive innovation and huge investment demand.
Wang Jianping said that compared with developed markets, my country’s private equity funds started to implement ESG investment late, with a weak foundation, and investment experience is still in the process of accumulating. However, in the face of the urgent need for a national strategy to achieve the dual carbon goals, the industry needs to fully understand that achieving carbon peaks and carbon neutrality is a solemn commitment made by my country to the world.
“We believe that by giving full play to the active role of private equity funds, it will help lead social capital to transform investment logic and help achieve my country’s dual-carbon goals.”