On July 16, on the occasion of the first anniversary of the establishment of the national carbon market, the 2022 China International Carbon Trading Conference and the anniversary of the launch of the national carbon market, hosted by Shanghai Environment and Energy Exchange and Shanghai United Equity Exchange and supported by Shanghai Pudong Development Bank, were held in Shanghai. convened. The theme of this conference is “Green Empowering Carbon for the Future”, aiming to further accelerate the construction of Shanghai into an internationally influential carbon trading center, carbon pricing center, carbon finance center, and innovation center, and fully demonstrate the operation of the national carbon market. And the effectiveness of green finance in promoting the resumption of work and production in Shanghai. Zheng Yang, Secretary of the Party Committee and Chairman of Shanghai Pudong Development Bank, attended the meeting and delivered a speech.
Zheng Yang said that facing the “14th Five-Year Plan”, Shanghai Pudong Development Bank actively conformed to the trend of green and low-carbon transformation, and clearly included “dual-carbon” transformation and green development into the company’s strategic plan, and continued to improve the level and quality of green financial services. Help the country’s economic transformation and development. Specifically, the first is to deeply understand the work deployment of the Party Central Committee and the State Council on “carbon peaking and carbon neutrality”, and promote the green transformation of asset-liability structure, product service model, and corporate culture. Second, continue to increase financial supply and guide and allocate more financial resources to green and low-carbon industries. The third is to comprehensively build a “four-in-one” carbon financial service capability covering basic functional services of the carbon market, product innovation, trading and market making, and capacity building, coordinate the promotion of carbon neutrality in its own operations and asset portfolios, and firmly move towards a “green bank” The road goes on and on.
At the meeting, Shanghai Pudong Development Bank Shanghai Branch and Shenergy Carbon Technology Co., Ltd. signed a cooperation agreement to provide credit support around the carbon assets held by enterprises. And reached an innovative carbon finance cooperation with Shanghai Environment Group Co., Ltd. and Guotai Junan Securities Co., Ltd. – a financing agreement based on the CCER emission reduction trading agreement, providing carbon financial services for Shanghai Environment Group Co., Ltd. Support the construction of the national carbon market, jointly create a carbon trading ecosystem, and help achieve the “dual carbon” strategic goal.
In recent years, green and low-carbon development has become a clear background for high-quality economic and social development, and finance is an important pillar for promoting green and low-carbon development. As a pioneer and pioneer of domestic green finance, Shanghai Pudong Development Bank has been deeply involved in the carbon finance market for a long time. As early as 2009, it began to explore and develop carbon finance business and successfully implemented it. It is one of the earliest commercial banks to carry out carbon finance business in China. In 2021, the national carbon market will be officially launched, and Shanghai Pudong Development Bank will release the “SPDB Green Creation” brand, and iterate the “Green Finance Comprehensive Service Plan” to version 3.0, covering six key areas of green finance including carbon finance, and gradually explore and It has formulated a comprehensive product and service system for the sub-sector of carbon finance. At the same time, it released the first green finance blue book in the industry – “Finance Facilitates the Development and Realization of Carbon Neutrality”, which continued to enrich the connotation of carbon finance business and opened the door for further exploration of carbon market, carbon A new journey of financial development. After the establishment of the national carbon market, Shanghai Pudong Development Bank took the initiative to connect with the first batch of power companies included in the national carbon market, quickly responded to the carbon financial needs of enterprises, and provided one-stop comprehensive financial services such as carbon loans, carbon bonds, carbon settlement, and carbon consulting. It has successively landed the first carbon financial innovation businesses in the market, such as carbon asset portfolio pledge loans, carbon-neutral-linked loans, carbon-neutral bonds, etc., and strives to build a “four-place” business covering basic functional services of the carbon market, product innovation, trading and market making, and capacity building. “Integrated” carbon financial service system. As of the end of June 2022, the green credit balance of Shanghai Pudong Development Bank was nearly 400 billion yuan, ranking among the top joint-stock banks; a total of 18.2 billion yuan of carbon emission reduction loans were issued to 100 projects, driving the annual carbon emission reduction of 2.23 million tons of carbon dioxide equivalent, ranking among the joint-stock banks Bank first.
“The prosperity and development of the carbon trading market is inseparable from a virtuous ecological chain, which requires the concerted efforts of all parties. In this process, Shanghai Pudong Development Bank will be deeply involved, and actively implement the green low The work deployment of carbon development, good deeds and good results, fully serve the country to promote the “dual carbon” goal, and fully serve Shanghai to build an international green financial hub.” said Zheng Yang, chairman of Shanghai Pudong Development Bank.Return to Sohu, see more
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