"Carbon reduction loans" serve as a refined "pricing" for carbon reduction
2024-07-04
On July 3rd, the "Green and Beautiful Shenzhen, Carbon Embarking on a New Journey" - Shenzhen Enterprise Carbon Account Online, "Carbon Reduction Loan" First Launch, and "Green Finance Knowledge and Response Conference" Project Launch Meeting were held in Qianhai, Shenzhen, Guangdong. The event released the first "carbon reduction loan" credit product and held a signing ceremony for the first batch of "carbon reduction loans" pilot banks and enterprises. "The 'carbon reduction loan' links our carbon reduction performance in the production and operation process to loan interest rates. For every 1 point increase in emission reduction indicators, we can receive corresponding interest rate discounts, effectively encouraging our enterprise to carry out energy conservation and emission reduction." Tan Jianzhong, Chairman of Shenzhen Fangdi Technology Co., Ltd., said. This enterprise, which focuses on providing third-party services for IT infrastructure, has just received a 28 million yuan "carbon reduction loan" from the Shenzhen branch of Jiangsu Bank. "Carbon reduction loan" is a new credit service model developed by the Shenzhen branch of the People's Bank of China to guide financial institutions within its jurisdiction to develop carbon accounts for Shenzhen enterprises. The bank will incorporate the enterprise carbon account rating report information provided by the Shenzhen local credit reporting platform into processes such as credit approval, loan pricing, and risk management. For enterprises with significant green, low-carbon, and carbon reduction effects, differential preferential treatment will be given in terms of loan interest rates, terms, quotas, and collateral methods. By linking loan interest rates to indicators such as corporate emission reduction effectiveness, we can refine the pricing of corporate carbon reduction contributions and accurately incentivize corporate green and low-carbon transformation. At present, the first batch of eight banks in Shenzhen, including Industrial and Commercial Bank of China, Bank of China, Huaxia Bank, Industrial Bank of China, Jiangsu Bank, Guangzhou Bank, Shenzhen Rural Commercial Bank, and WeBank, have launched "carbon reduction loans" business products, providing credit totaling 310 million yuan to eight enterprises. In recent years, the development of green finance in Shenzhen has achieved significant results. As of the end of the first quarter of 2024, the balance of green loans in the city exceeded 1 trillion yuan, a year-on-year increase of nearly 40%. "However, we have also noticed that many enterprises, especially small and medium-sized enterprises, face difficulties in carbon accounting, high costs, and difficult identification of green attributes. The accuracy of green finance support needs to be improved, and the lack of sustainable business models in the development of green finance urgently needs to be addressed." The person in charge of business at the Shenzhen branch of the People's Bank of China introduced, "This is the starting point for us to launch Shenzhen's' carbon reduction loan '. The highlights of Shenzhen's corporate carbon account are outstanding.". The Shenzhen Branch of the People's Bank of China, in conjunction with the Shenzhen Ecology and Environment Bureau and other departments, has guided institutions such as the Shenzhen Local Credit Reporting Platform and the Shenzhen Green Gold Commission, relying on Shenzhen's advanced financial technology and mature data infrastructure, and has pioneered a full chain, digital, and intelligent enterprise carbon account system. Based on this, the "Carbon Reduction Loan" series of products has also taken an important step in financial applications, and loan interest rates can be finely linked to indicators such as corporate emission reduction effectiveness. The "Carbon Reduction Loan" has built a low-cost, efficient, and widely covered green financial service ecosystem, which is a new attempt to convert carbon reduction incentives into financing costs. It has achieved a replicable and scalable market-oriented carbon financial service model. Shenzhen Jinchao Times Co., Ltd. is a high-tech enterprise focusing on green equipment manufacturing in the field of new energy and energy storage. Mao Honghao, the company's financial manager, told reporters, "In the context of 'dual carbon', manufacturing enterprises need to maintain normal business development on the one hand, and on the other hand, they need to invest additional funds for energy-saving transformation around carbon reduction goals. Huaxia Bank's' carbon reduction loan 'products, through special policies such as interest rate discounts, exclusive quotas, and green channels, effectively alleviate the production and operation pressure of enterprises, and strengthen our motivation and determination to practice green and low-carbon development." (Xinhua)
Edit：Lubaikang Responsible editor：Chenze
Source：People's Daily
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