Beijing Green Exchange: Actively implement the "dual carbon" strategy and promote green and low-carbon development

As one of the most influential environmental rights and interests trading platforms in China, the Beijing Green Exchange actively responds to the national "dual carbon" strategy, gives full play to its role as a green financial infrastructure, and forms a demonstration in encouraging the public to practice green and low-carbon production and lifestyle, and promoting green and low-carbon development.

Wang Naixiang, chairman of the Beijing Green Exchange, said that since its establishment, the Green Exchange has always been committed to deepening the green and low-carbon field and actively exploring and practicing green finance innovation. In recent years, under the guidance of the Ministry of Ecology and Environment, Beijing has actively promoted the construction of CCER across the country, and the Beijing Green Exchange has assumed the functions of centralized and unified trading and settlement. On January 22, the national greenhouse gas voluntary emission reduction trading market was officially launched, with a total turnover of 375,300 tons and a total turnover of 23,835,300 yuan on the first day of market launch. Since its opening in 2013, the Beijing Carbon Market has accumulated a trading volume of 58.09 million tonnes and a turnover of RMB3.124 billion. In addition, we will build and develop a carbon account and green project library system for enterprises, and launch green financial products such as carbon offset pledge loans and carbon quota repurchase financing.

Under the guidance of the "dual carbon" strategy, the Beijing Green Exchange has actively participated in the research and drafting of a series of ESG (environmental, social and governance) related standards. Including industry standards such as "Environmental Equity Financing Instruments", group standards such as "General Principles of Corporate ESG Information Disclosure", and "ESG Special Report of Listed Companies Controlled by Central Enterprises", etc., it provides authoritative ESG evaluation and disclosure standards for enterprises and all sectors of society, and promotes the healthy development of the green finance market.

In the process of promoting green and low-carbon development, the Beijing Green Exchange also focuses on tapping the potential of services. Carry out green public services. It has built platforms for the elimination and renewal of old motor vehicles, the issuance of subsidies for new energy vehicles, the operation incentives of light trucks, and the replacement of new energy vehicles in Beijing, with a total of 1,569,700 vehicles served, involving an amount of 20.49 billion yuan. At the same time, it undertakes the management of energy consumption quota for public buildings in Beijing, serving more than 15,000 public buildings with a construction area of more than 200 million square meters. Carry out green dual carbon services. Provide professional services for carbon neutrality of various activities of local governments, enterprises and institutions, and provide low-carbon planning consulting and carbon market capacity building services for various market entities. Since 2022, it has provided carbon neutrality certification services for 64 enterprises, offsetting more than 81,862.35 tons of carbon dioxide equivalent. Carry out green training services. It provides standardized regular training on topics such as "carbon asset management", and provides customized training services for the problems and needs faced by local governments in the process of carbon market management and enterprises participating in carbon market transactions, and has held a total of 194 training sessions for nearly 30,000 trainees.

Wang Naixiang said that in the future, the Beijing Green Exchange will continue to give full play to its advantages in the field of green finance, continue to strengthen carbon quantification, carbon pricing, and carbon finance capabilities, gather carbon trading-related service industries, and contribute to the realization of carbon peak and carbon neutrality goals.