Executive Dean Wang Wen, Executive Dean of the National People's Congress: 30 cities apply for climate investment and financing pilots.

The 21st Century Business Herald reporter Li Dushangyu Intern Wang Tongzhang Beijing Report Recently, according to the 21st Century Business Herald, the first batch of pilots in the country is 30 cities and national new districts. Through the review, the first qualification for climate investment and financing was obtained.

Among them, there are 3 provincial capital cities (Lanzhou, Taiyuan, and Changsha), and 8 national new districts (Tianjin Binhai New District, Jinpu New District, Liaoning Province, Shanghai Pudong New District, West Coast New District of Shandong Province, Nansha New District, Guangdong Province, Chongqing, Chongqing Province Municipal Liangjiang New District, Chengdu Tianfu New District and Xixian New District of Shaanxi Province), 19 prefecture -level cities (districts).

What are the regional advantages and resource endowments of various cities, can it stand out in the fierce competitive pilot review? What are the short -term and long -term development tasks of various pilot cities in the field of climate investment and financing and their related pilot work? How can these cities balance economic benefits and environmental development when promoting work? What else do you need to improve and innovate?

On July 5th, at the "'Carbon neutral and Green Financial Forum" co -sponsored by the 21st Century Institute of Economics and Research Institute of the 21st Century Economic Research Institute and the Chongyang Financial Research Institute, Wang Wen, Executive Dean of the Chongyang Financial Research Institute, accepted the 21st Century Business Herald Interviews with the above -mentioned questions related to climate investment and financing.

Wang Wen said that climate investment and financing highly served the target of local carbon peak carbon in a high degree of policy design and practice. The pilot solution itself also emphasized the strengthening of carbon accounting and information disclosure, and actively promoted financial instruments and service innovation. The current green finance -related information disclosure system lacks unified standards, frameworks, and specifications, and requires relevant enterprises to increase the consciousness of information disclosure and establish conditions.

Chongqing and Qingdao take the lead in obtaining the pilot qualification of climate investment and financing

"21st Century": It is understood that Chongqing (Liangjiang New Area) and Qingdao (West Coast New District) in Shandong have taken the lead in obtaining the pilot qualification of climate investment and financing. What are the advantages of the first two places to obtain qualifications? What are the references for other application cities?

Wang Wen: Chongqing Liangjiang New District has obtained the pilot qualification of climate investment and financing. It fully benefits from the advantages of the strategic emerging industry deployment of high efficiency, low pollution, and low emissions in Liangjiang New District, as well as the effective reform results of local green finance and the foundation of green financing scale. Relying on the location advantage of Chongqing in the upper reaches of the Yangtze River, the green construction and development of the Yangtze River Economic Belt with the help of climate investment and financing pilots.

The Qingdao West Coast New Area has benefited from the advantages accumulated by Qingdao as the country's second batch of low -carbon pilot cities. During the "Thirteenth Five -Year Plan" period, energy consumption and emissions were significantly reduced, and green financial innovation was actively developed. 100 million yuan, established the advantages of climate investment and financing in the layout of climate funds.

For other declaration cities, the localities should pay attention to these three points in the layout of climate investment and financing: First, it must have continuous and significant decoction and carbon reduction effect, so that the development of climate investment and financing can better accumulate experience in advantages and give green The transformation of "adding additions" instead of investing in a large amount of resource dirt reduction and controlling the "subtraction"; the second is to establish and consolidate the foundation of industrial innovation. The industrial structure and R & D environment; the third is to use the industry's advantages and capital advantages in the aspects of green financial instrument innovation, infrastructure and services, and create conditions for the financial services required for climate investment and financing.

"21st Century": At present, the economic development of most regions still needs to be driven by some high -carbon industries. Based on this, what specific measures should the pilot regional government take when promoting the work of climate investment and financing to ensure that the local economic development is not affected, but also the investment and financing business related to climate transformation is smoothly promoted in the local area?

Wang Wen: This needs to balance the relationship and contradiction between economic development and environmental protection under the "double carbon" goal, and coordinate the coordination of pilot urban policy work and institutional operations. The place is an important foundation and key link for implementing my country's "double carbon" goals. Climate fund demand and supply contradictions are generally prominent. This is not opposite to economic development. Incremental excavation. At present, the awareness of climate change and low -carbon development is relatively weak, the climate investment and financing system and mechanism are not yet complete, the relevant policies have not yet formed system response, professional teams and talent reserves are insufficient, and effective supervision, restrictions, assessment and incentive mechanisms lack.

In order to deeply promote local climate investment and financing work, it is urgent to accelerate the development of climate investment and financing projects focusing on the purpose of responding to climate change and strengthening the orderly investment environment of various funds to explore differentiated investment and financing models, organizational forms, services Methods and management systems, by effectively suppressing the linkage mechanism of local high -carbon investment, innovative incentives and restraint mechanisms, and fund arrangements, effectively play the leading role of "carbon reduction", and provide strong support for promoting local green low -carbon and high -quality development , To form a successful experience that can be replicated and promoted, laying a solid foundation for the realization of my country's "double carbon" goals.

Form climate investment and financing system supplemented by green bonds and green funds

"21st Century": In the previous views, you mentioned that "climate change is a major international issue of cross -century, climate investment and financing fully runs through the linkage relationship between long -term planning and short -term tasks. The combination of target and short -term steps ". What are the tasks of each pilot in the short term and long -term in the short term and long -term? What relationships should be established between pilot cities to achieve their respective tasks? Wang Wen: It should be combined with long -term goals and short -term goals of climate investment and financing to balance the "double carbon" space -time contradiction. Climate change is a major international issue of cross -century, and the "double carbon" goal proposed by China is a macro and long -term process. Under the climate governance framework, climate investment and financing fully connect with long -term planning and short -term in the micro level. The linkage relationship between tasks pays attention to the combination of long -term goals and short -term steps to promote the orderly "dual carbon" targets.

There are differences between the phased goals under the long -term planning of my country's carbon neutralization and long -term planning. In the long run, carbon neutrality needs to consider the characteristics of the industry. The task allocation and constraint output are realized. Climate investment and financing activities have implemented the "dual carbon" target and low -carbon governance in terms of business details. Among the production and life and economic and social changes driven by the "double carbon" target, when climate investment financing is integrated into the corporate climate adaptation After sex production activities and investment and financing activities, it will further promote a series of supply chain behaviors and market activities and the environmental impact of the environmental impact of reducing carbon emissions as its core goals. The climate upgrade of the production activities on these micro perspectives is "double carbon". The long -term goal continues to inject the short -term driving force.

Finally, between the pilot and the pilot, it also needs to accumulate and learn from the experience of advantage, promote and cooperate with each other, establish a sharing mechanism for excellent climate investment and financing cases, and eventually make first contributions to the national "double carbon" goal. As a new investment and financing system, the work of China Climate Investment and Financing must not only pay attention to rhythm and gradual nature, but also pay attention to effectiveness and feasibility. The work between each pilot must absorb international advanced experience, and it also needs to reflect the characteristics that are adapted to the Chinese national conditions.

"21st Century": On June 28, 2022, the first batch of 8 China Securities Securities Shanghai Environmental Stock Exchange carbon neutral and ETF was officially approved. You have previously mentioned that "China will gradually form a climate investment and financing system with green bonds and green funds as auxiliary." What is the special of this approved carbon neutral and ETF? What does the development of climate investment and financing mean?

Wang Wen: On the index target, carbon neutralization and ETF generally select samples with large market value and high emission reduction potential in low -carbon fields such as clean energy, which fully reflects the development of green economic development under the goal of "dual carbon". The height of the prospects has given full play to the market resource allocation function. It is an important measure for green finance to help the orderly development of the two -carbon target. Its green low -carbon emission reduction and sustainable development attributes are important differences between ordinary ETFs and other assets.

On the other hand, for climate investment and financing, carbon neutralization and ETF have certain prospects for investors' asset allocation. As carbon peak carbon neutralizes and drives the economic green transformation and innovation of the entire industry, green assets have higher investment with high investment The prospect, at the same time, investors can also use the risk hedge of high -carbon assets, which is an important manifestation of the green upgrade of the capital market.

"21st Century": In order to promote climate investment and financing, you have suggested that financial institutions improve their implementation in the future, improve the environmental information disclosure and accounting system under climate investment and financing, and establish a financial database and project library for climate investment and financing. What are the shortcomings of the current information disclosure system in the field of climate investment and financing? When establishing a financial database and project library, all financial institutions need to quantify the correlation elements of climate change. What should these institutions pay attention to in this process?

Wang Wen: The current green financial -related information disclosure system lacks unified standards, frameworks and specifications, and also requires relevant enterprises to increase the consciousness of information disclosure and establish conditions.

In the process, financial institutions should pay attention to establishing and improving environmental information disclosure and accounting systems under the pilot of this climate investment and financing. In the future climate investment and financing activities, financial institutions will have conditions to master enterprises in project credit activities in the project credit activities. ESG -level corporate governance structure, industrial and output characteristics, and potential climate risk of the industry. Starting from financial institutions, the collection and disclosure of the basic environmental data of climate investment and financing will have high benefits. In the future, in the information disclosure work under climate investment and financing, the financial system should start from the level of project characteristics and production methods, explore the evaluation method of independent ESG and environmental governance capabilities, and the effect of carbon emission reduction financial policies. By carrying out the upgrade of asset allocation under the goal of "dual carbon" to promote the focus of the corporate climate financing credit assessment system from financing demanders to financing suppliers.

At the same time, on this basis, past green financial reform pilot experience shows that the collection and database management of basic data have the necessity and importance of database management. The establishment and improvement of climate investment and financing databases and project libraries should be the first to lay out.

First, the tracking statistics and accounting of climate and environment projects can be carried out in the relevant asset allocation related to greenhouse gas emissions and climate change, and simultaneously develop resource accounting and environmental accounting business. Essence

- END -