State Power Investment Group Joins Hands in Wuchang to Build a National Climate Investment and Financing Pilot

August 10, nationwideCarbon marketOn the occasion of the first anniversary of the launch of the transaction, the Ministry of Ecology and Environment and nine other ministries jointly issued the "Notice on Announcement of the List of Pilots for Climate Investment and Financing", announcing the first batch of 23 pilot areas for national climate investment and financing. This is a new topic to mobilize all kinds of capital in my country to better respond to the national strategic goals of climate change response and guide and promote more funds to invest in the field of climate change response.

State Power InvestmentIn advance and taking the initiative, we have established strategic cooperation relations with the first batch of national climate investment and financing pilot projects in Wuchang District, Wuhan City, Hubei Province. As the first central power and energy enterprise to participate in the national climate investment and financing pilot work, we plan to work with Wuchang to create the first "central-local" cooperation model for the national climate investment and financing pilot, and to strengthen the status of State Power Investment as the first central power and energy enterprise to participate in this work in depth.

As the first pilot area of national climate investment and financing, Wuchang has unparalleled unique advantages and is located in the whole country of Wuchang.Carbon emissionsThe right registration system (ZhongCangDeng) undertakes the rights confirmation and registration, transaction settlement, distribution and performance of carbon emission rights in the national carbon market. It is the "big data center" and "bottom database" of carbon assets in the country, and controls the underlying foundation for carrying out various carbon financial innovation businesses. In addition, Wuhan City is preparing to build the "Wuhan Clearing Exchange" to be responsible for the transaction and clearing of spot and financial derivatives in the national carbon market, and simultaneously build a dual-carbon industry and carbon finance research institute. It has now initially formed a trend of national carbon financial resources gathering in Wuchang.

State Power Investment Group Joins Hands in Wuchang to Build a National Climate Investment and Financing Pilot

It is an active attempt to promote the national climate investment and financing pilot work to deepen and implement, help China's carbon market develop healthily and orderly, and support local green and low-carbon transformation. It is also an important measure to actively assume the social responsibility of climate governance, actively implement the concept of "innovation-driven, implementation-oriented and effective", deeply explore the financial attributes of carbon assets, accelerate the promotion of green financial product innovation and model innovation, and actively explore climate investment and financing policy innovation and institutional innovation. In the next step, State Power Investment Corporation will work with the Wuchang District Government to work together with the country and facing the future to cooperate in the fields of green and low-carbon transformation, carbon financial innovation, talent training, etc., focus on innovation and development in leading the energy revolution, ensuring energy security, serving national strategies, and promoting low-carbon life, actively cultivate the national climate investment and financing policy environment supported by carbon finance, actively develop the green financial industry with climate investment and financing as the main body, strive to build a green financial system with climate investment and financing as the core, integrate into the overall pattern of international cooperation in green development, and support the country to achieve the "dual carbon" goal with high quality.