Machinery / Industrial Parts & Tools

As an important part of achieving the "30·60" goal, investment in green and low-carbon industries accelerated in the first half of this year. "Economic Information Daily" reporter learned that Liaoning, Guangdong and many other places have released green industry investment plans for the next five years; in terms of funding sources, diversified financing such as banks, insurance, and trusts has also been further opened.

Multi-party forecasts show that the scale of funds required for the goal of "achieving carbon peaks by 2030 and carbon neutrality by 2060" can reach hundreds of billions. The goal of carbon peak and carbon neutrality will further promote the rapid growth of the green industry. The average annual investment in the green industry is expected to be around 3 trillion yuan.

Intensive implementation of green and low-carbon projects

The "Liquid Solar Fuel Synthesis Demonstration Project" was launched in the Green Chemical Park in the northwestern part of Lanzhou New District. This project consists of three basic technical units: solar photovoltaic power generation, hydrogen production by electrolysis of water, and methanol synthesis by carbon dioxide hydrogenation. A photovoltaic power station with a total power of 10 megawatts will be built to provide electricity for the equipment for hydrogen production by electrolysis. The total investment of the project is about 140 million yuan, including photovoltaic investment of 50 million yuan. According to reports, the project is of great significance to the development of renewable energy and the improvement of ecological balance.

The liquid solar fuel synthesis demonstration project is just a microcosm of the green industry. With the continued release of favorable policies, the implementation of green industry projects accelerated in the first half of the year. On June 17, Guofeng Plastics Industry stated that the new green building materials project with an annual output of 40,000 tons was steadily advancing; on June 10, the first 10,000-ton green liquid hydrogen energy project in Hohhot was formally signed; on May 20, Xianning City, Hubei and China Guangdong Nuclear Power Group signed a strategic cooperation framework agreement to jointly build a large-scale integrated clean energy base for nuclear, solar, solar, and solar energy storage in Xianning.

As an important path to achieve the "30·60" goal, the acceleration of the implementation of green and low-carbon industry projects is inseparable from policy support. On June 17, the National Development and Reform Commission stated that it would encourage iron and steel enterprises to accelerate the implementation of green and intelligent transformation and improve the quality and level of development of the iron and steel industry. On June 11, the China Banking and Insurance Regulatory Commission stated that it would innovate products and services and increase financial support for key areas such as renewable energy and green manufacturing. Previously, many documents issued by the central government mentioned supporting the development of green industries.

Zhao Weidong, head of the Energy Conservation and Environmental Protection Research Institute of China Electronics Information Industry Development Research Institute, said that from the perspective of the overall trend, during the "14th Five-Year Plan" period, the goal of carbon peaking and carbon neutrality will further promote the rapid growth of the green industry. The average investment is about 3 trillion yuan, of which clean energy such as hydrogen energy, photovoltaics, wind power and green manufacturing are expected to become investment hotspots.

Multi-channel funding layout

A huge amount of funds is needed to achieve the "30·60" target. The Governor of the People's Bank of China Yi Gang once said that there are many calculations in various aspects of the funding needs for achieving carbon peaks and carbon neutrality, and the scale level is 100 billion yuan. Liu Guiping, deputy governor of the People’s Bank of China, said that the scale of capital investment required for carbon peak carbon neutralization is huge, estimated to be between 150 trillion and 300 trillion yuan. “Behind the huge demand for funds, there are huge investment opportunities. ".

It is reported that many places have finalized green industry investment plans for the next five years. For example, Liaoning Province plans to have 48 major clean energy projects during the "14th Five-Year Plan" period with a total investment of more than 800 billion yuan. The projects cover wind power, photovoltaics, nuclear power, pumped storage, natural gas, hydrogen, and clean heating. Guangdong Province vigorously promotes new energy power generation projects, covering nuclear power, wind power, photovoltaics, biomass energy and other energies. It is estimated that by 2025, the scale of hydrogen production will be about 80,000 tons, and the output of hydrogen fuel cells will be about 5 million kilowatts. Zhejiang Province has arranged 54 major construction projects in the field of ecological and environmental protection, with a planned investment of 887.1 billion yuan.

In addition, diversified financing support channels for green and low-carbon industries are opening up at an accelerated pace.

Financial institutions such as banks and insurance have opened diversified financing channels for the green industry. Agricultural Bank of China successfully issued equity-funded "carbon neutral" bonds for Huadian Fuxin, with a scale of 2 billion yuan. The raised funds were used to acquire 14 wind power projects, 7 photovoltaic projects and 1 wind-solar complementary project, which is expected to reduce carbon dioxide emissions by 152.92 10,000 tons/year. The Bank of Jiangsu has issued a "carbon neutral" action plan. It plans to support climate financing at no less than 200 billion yuan during the "14th Five-Year Plan" period, clean energy industry support at no less than 50 billion yuan, and support pollution reduction and carbon reduction. Key projects in areas such as clean energy, clean transportation, and zero-carbon buildings.

The tilt of insurance funds to green investment fields has gradually increased, and the financial support for green industries and green technologies has been further enhanced. For example, China Life Asset Management Co., Ltd. established the "China Life-Diantou No. 1 Equity Investment Plan" to raise capital of 1.25 billion yuan to strategically increase the capital of the State Power Investment Corporation Beijing Electric Power Company's photovoltaic and wind power project reserve development and mergers and acquisitions. Ping An stated that it will comprehensively upgrade its green finance operations. It is expected that the annual growth rate of green investment will not be less than 20%, and the annual growth rate of green insurance premiums will not be less than 70%. By 2025, Ping An will strive to achieve investment + credit scale of 400 billion yuan , The overall goal of total green insurance premiums of 250 billion yuan.

In terms of trusts, Yingda Trust issued the "State Grid International Financial Leasing Co., Ltd. 2021 first phase of green targeted asset-backed commercial paper (carbon neutral bonds)", with a project scale of 1.75 billion yuan, and the raised funds will be used to support renewable energy financing Leasing projects, innovating a new model of green finance, and actively helping to achieve the goal of carbon peak and carbon neutrality. Industrial Trust issued the Fujian Provincial Carbon Emission Rights Green Trust Plan "Industrial Trust·Li & Fung A016 Carbon Rights No. 1 Collective Fund Trust Plan". AVIC Trust, China Energy Conservation Association Carbon Trading Industry Alliance and Shanghai Baotan New Energy Environmental Technology Co., Ltd. jointly established a carbon neutral theme green trust plan with an initial scale of 30 million yuan.

Establish a multi-level investment and financing system for green industries

It is worth noting that although the current green industry is hot and financing has increased substantially, there are still many investment and financing bottlenecks that need to be resolved urgently. At the same time, investment in green industries should maintain rational decision-making.

Liu Guiping pointed out that in the process of achieving the "30·60" target, all parties should maintain calm judgment, rational decision-making, and be cautious, earnestly do a good job in early warning of production capacity and risk monitoring, and truly achieve up and down, left and right balance, and orderly progress. , To work together to ensure the stability and long-term development of green development.

Ren Tao, a special researcher of the National Finance and Development Laboratory, said that the current green industry investment is still dominated by policy funds, and market-based funds account for a relatively low proportion. Without the support of more risk mitigation tools, the current investment and financing of the green industry is more driven by the policy level, the investment and financing varieties that can provide medium and long-term funding sources are relatively scarce, and the multi-level investment and financing system has not yet been truly established.

Ren Tao said that under the same conditions, we should give priority to supporting green enterprises in listing and financing and refinancing, vigorously increase the proportion of direct financing of green industries, and strengthen the disclosure of green industry investment and financing information. At the same time, on the basis of the establishment of the National Green Development Fund, qualified local governments and social capital are encouraged to jointly initiate the establishment of regional green development funds to cooperate with banking financial institutions to carry out investment and loan linkage business in green industries.

Zhao Weidong said that the green financial system needs to be further improved, and the unification of statistical standards between banks and other financial institutions and government authorities should be accelerated, so as to promote the standardized construction of my country's green financial system in many ways.