Chinanews.com, July 14th. Ye Yanfei, head of the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, said on the 14th that the carbon emission rights market will soon begin trading, and the value of carbon emission rights will gradually appear. Carbon emission rights will become a very effective future. Collateral pledges can provide an important pledge basis for banks to expand financing.
The State Council Information Office held a press conference on the 14th. At the meeting, Ye Yanfei introduced the current work done by the banking industry in terms of carbon emission reduction.
He pointed out that the work done by the banking industry concentrated on several aspects: First, it further clarified the banking institutions' own strategies.
This strategy is to achieve a comprehensive green transformation of the banking institution itself by helping to achieve the goal of carbon peak and carbon neutrality. This strategic goal is very clear.
The second is to clarify the long-term goal of the banking institution itself. The long-term goal is to be the same as the goal of achieving carbon neutrality by 2060.
Banks must achieve carbon neutrality on the asset side, and banks’ own operations must also achieve carbon neutrality.
Achieving this goal is a long-term process. First, the carbon peak must be reached. After the carbon peak is reached, the carbon emission intensity must be gradually or even rapidly reduced, and finally the long-term goal of carbon neutrality will be achieved.
In addition, their own operations are carbon neutral, because although banking institutions are not the most important market entity for carbon emissions, in the process of operation, whether it is buildings or IT facilities, or other operations and maintenance, there may be carbon emissions, so it must be adopted Measures to achieve the long-term goal of carbon neutrality in their own operations.
The third is to sort out and strengthen related mechanisms.
The most important thing is that banking financial institutions regard the customer's carbon performance as an important reference factor in the credit granting process. From a longer-term perspective, carbon pricing is included as an important reference for credit granting, financing decisions, and loan decisions.
The fourth is to increase support for key areas.
In particular, support for low-carbon energy, low-carbon buildings, and low-carbon transportation.
As of the end of the first quarter of this year, the green balance of 21 major domestic banks reached 12.5 trillion yuan, accounting for 9.3% of all loans, of which green transportation, renewable energy, energy conservation and environmental protection industry loans accounted for more than 70%.
The scale of green credit in my country ranks first in the world.
The overall quality of green credit assets is good, and the non-performing loan ratio has remained below 0.7% in the past five years, which is far lower than the overall non-performing level of various loans in the same period.
The overall NPL rate in my country is about 2%, which has been fluctuating up and down.
The non-performing rate of green credit is less than 0.4% at the lowest and 0.7% at the highest.
Ye Yanfei further pointed out that the environmental benefits of green credit are gradually appearing. According to the ratio of green credit funds to the total investment of green projects, 21 major banks can save more than 300 million tons of standard coal and reduce carbon dioxide equivalent emissions by more than 700 million tons per year.
At present, the annual carbon emissions are roughly between 10 billion tons and 11 billion tons, and the data estimated by all parties are different.
But green credit supports 700 million tons of carbon dioxide emissions reduction every year.
At the same time, the protection function of green insurance has been continuously improved.
Insurance institutions have also done a lot of work. Environmental pollution liability insurance has covered 21 high environmental risk industries such as heavy metals, petrochemicals, and medical waste, with a geographical scope covering 31 provinces and cities. In order to support the construction of ecological civilization and help achieve carbon peaks, The carbon neutral goal has made a positive contribution.
In response to the next step to support the green and low-carbon industry, Ye Yanfei responded:
First, we must vigorously support the development of new energy and low-carbon energy, and continue to support the development of low-carbon transportation. Another area with great potential is the field of low-carbon buildings.
Second, in terms of innovation, the carbon emission rights market will soon begin trading, and the value of carbon emission rights is gradually emerging. Therefore, carbon emission rights will be used as a very effective collateral in the future, which can provide important financing for banks to expand financing. Pledge basis.
This aspect can be explored.
The third aspect is that the banking industry faces many customers, and it still has great potential in identifying and tapping green credit assets.
After providing credit to these assets, they can be sold to more financial institutions through asset securitization, so as to better pass on the benefits of green credit assets and mobilize more social capital to invest in green assets.