Metallurgy / Chemicals / Rubber & Plastics

Recently, the China Development Bank formulated the "Working Plan for Supporting the Energy Sector to Achieve the Strategic Objectives of "Carbon Peaking and Carbon Neutrality"". During the "14th Five-Year Plan" period, the energy sector with a total scale of 500 billion yuan (equivalent to RMB, including foreign exchange) was established The "Carbon Peak and Carbon Neutral" special loan, of which 100 billion yuan will be issued in 2021, to help build a clean, low-carbon, safe and efficient energy system.

According to reports, the CDB’s special loan will be mainly used to support hydropower in the main river basins, coastal nuclear power, parity wind and photovoltaic power generation, offshore wind power, integrated energy bases for “wind, solar, and water storage integration”, cross-regional power transmission channels, pumped storage, and storage. Energy and hydrogen energy pilot demonstration, natural gas production, supply, storage and marketing system construction, coalbed methane extraction and utilization, etc. China Development Bank will establish a green channel to provide differentiated credit policy support for related projects.

The energy sector is a key starting point and a pioneering area to achieve the goal of "carbon peak and carbon neutrality". China Development Bank will take the lead in the energy sector and take the lead in deepening bank-government cooperation, strengthening top-level design, vigorously supporting the development of low-carbon clean energy, serving the transformation and upgrading of carbon-related energy industries, exploring and promoting the development of carbon sink economy, and strengthening green financing internationally Cooperation. On the basis of solid risk prevention and control, China Development Bank will give full play to its advantages in development finance innovation, innovate and design financing models around the value of carbon assets, promote the establishment of a carbon financial system, and enhance its "carbon peak and carbon neutral" strategic service capabilities.

China Development Bank will actively leverage the advantages of bond banks, increase the issuance of green financial bonds on the topic of “carbon peak and carbon neutrality”, expand the coverage of green credit, and guide social funds to serve the national strategy. Promote subsidiaries to support the "carbon peak, carbon neutral" project, the head office, branch, parent and subsidiary companies coordinated to provide investment, loans, bonds, leasing, securities and other diversified and comprehensive financial services.