China Carbon Credit Platform

Guangdong has implemented the country's first carbon quota offset pledge financing standard

Release Time1 month ago

On April 11, 2024, the Guangdong Provincial Administration for Market Regulation issued the "Announcement on the Approval and Release of Local Standards in Guangdong Province", in which the "Implementation Guide for Carbon Allowance Offset and Pledge Financing" led by the Guangzhou Carbon Emission Trading Center (hereinafter referred to as the "Guangzhou Carbon Exchange Center") was officially released, which was proposed by the Guangdong Provincial Department of Ecology and Environment and managed by the Guangdong Provincial Carbon Peak and Carbon Neutrality Standardization Technical Committee (GD/TC 73), which will be officially implemented on July 11, 2024.

The "Implementation Guide for Carbon Allowance Offset Financing" standardizes the overall requirements and implementation process of carbon emission offset and pledge financing, which has long-term significance for promoting Guangdong Province to build a carbon peak and carbon neutrality standard system, develop green finance, serve the industrial structure transformation, and the green development of financial institutions and emission control enterprises. risk management, etc., in Guangdong Province to form a replicable experience and practice, so as to provide a reference for the improvement of China's carbon financial product standards and the construction of carbon finance market, and further help the development of carbon finance in China and the Guangdong-Hong Kong-Macao Greater Bay Area.

In April 2022, the first national industry standard in the field of carbon finance, "Carbon Financial Products" (JR/T 0244-2022), which was mainly compiled by the Guangzhou Carbon Exchange Center, was officially released by the China Securities Regulatory Commission. In addition, relying on its own advantages in the field of carbon emission trading, the Guangzhou Carbon Exchange Center has innovatively launched a variety of carbon financial services, effectively helping enterprises to revitalize carbon assets, solve the financing difficulties of emission control enterprises, and guide financial resources to tilt towards green development. As of April 16, 2024, a total of 33 carbon allowance mortgage financing businesses have been carried out by the Guangzhou Carbon Exchange Center, involving 8.48 million tons of carbon allowances and a financing amount of 113.03 million yuan.

In the next step, the Guangzhou Carbon Exchange Center will strengthen the publicity and implementation of the "Implementation Guide for Carbon Quota Offset and Pledge Financing", promote the application to key emitting enterprises and financial institutions in Guangdong Province, serve the construction of the carbon finance market in Guangdong Province, and help the country achieve the goal of carbon peak and carbon neutrality.

In addition, the Guangdong Provincial Local Standard "Technical Specifications for Carbon Emission Accounting for Automobile Factories", which was compiled by the Guangzhou Carbon Exchange Center, was also officially released on the same day. This standard is the first carbon emission accounting standard for automobile factories in Guangdong Province, which provides clear guidance for the effective management of carbon emissions in automobile production and manufacturing, improves the scientificity and efficiency of carbon emission accounting of automobile factories, and has important practical significance for guiding the low-carbon development of the automobile industry and helping the goals of carbon peak and carbon neutrality, and also marks that the green and low-carbon development of the automobile industry has entered a new stage.