Domestic banking sector to tap the hidden fears of future carbon finance – banki
Domestic banking sector carbon test water Financial Prospects of malaise
HC Environmental Network Although the Industrial Bank in 2005 already had sought and the International Finance Corporation Cooperation Began to touch the carbon finance market, but up to now, development of carbon finance, only last year. "Carbon finance is indeed very important, but no action because the government level, so now the domestic carbon rather slow development of financial markets." Shanghai International Studies Fellow at the Hongyuan said.
Former deputy director of People's Bank of King Research Council studies have also shared the same view, "low-carbon economy, as much as we are talking about the international monetary system reform. However, the low-carbon economy has not been the same attention. Indeed, the development of a low carbon economy should be referred to the height of the international monetary system reform perspective. "
Malaise Present, "carbon finance" do not have a unified concept. Generally speaking, refers to all services on limiting greenhouse gas emissions, financial activities, including direct investment, financing, trading carbon credits and bank loans. "Carbon finance" from the rise of international climate change policy, precisely, involves two significant international conventions?? "United Nations Framework Convention on Climate Change" and "the Kyoto Protocol."
Carbon abroad has been relatively mature financial markets, internal development has been very slow. At present, it is only a small step in the banks.
Loans, Minsheng Bank ahead, will Energy conservation Combination of loans and carbon finance, introduce innovative mechanisms to CDM project emission targets as a source of loan repayment Energy Financing model reduction, to seek financial support for energy saving businesses a new choice.
The carbon emissions linked to financial products, were Bank of China and Shenzhen Development Bank ahead of others present, the two banks have already issued linked to carbon trading financial products.
Agricultural Bank of China is also keen to capture the carbon emissions trading opportunities in the investment banking division headquarters set up successively and Hubei, Sichuan and other provinces has contacted more than a dozen companies, and enterprises reached project letter of intent, covering small hydro power, cement kiln waste heat power generation, steel making blast furnace waste heat power generation and other clean development projects.
In addition, the Industrial Bank and IFC (IFC) signed the first to cut into the SME financing energy efficiency projects, and plans to "during" to lend 10 billion yuan. Huge market that the banks involved in the rapid cake battle group.
However, commercial banks expedition carbon financial markets, appears to behind a fire, it is difficult. "The financial investment in low carbon economy, I say I do not know the depth, the bank most of the money or invest in the 'stingy big projects' operation, the credit support to those projects may still be very violent." King School Cheng said.
2009 Banking credit data 1,2 month, two months of the year has been loans accounting for 5 trillion Monitor Index 2 / 3, was 2.97 trillion yuan. "Most of the money put into infrastructure projects go." King said studies, "low-carbon economy to invest in the credit indicator is the number? 4 trillion of investment, only 210 billion are running a low carbon economy, only slightly higher than 5% of all the inputs, this ratio is very small. "
In addition, Environment The establishment of exchange, can New Energy Energy-saving environmental protection industry, providing value discovery platform and pricing, reduce transaction costs. "Renewable energy industry can not develop without the support of the financial markets. We are willing to through the market mechanism, and financial-oriented means to promote energy conservation, promote industrial upgrading, promote technological innovation." Beijing Environment Exchange General Manager Meide Wen said.
Practice, however, the so-called carbon financial markets, the government's "inaction" is derived from a developing country, China is the "Kyoto Protocol" of non-Annex I countries do not undertake emission reduction obligations, the Government does not agree to appear on the official carbon market trading behavior, which is the delay in launch of several environmental exchanges of carbon emissions trading, the main reason for the project.
Present, China's carbon trading market, only sellers. The 2012 "Kyoto Protocol" expires, if the climate negotiations to be as developed countries, industrial development still need to rely heavily on fossil fuels in China, will the market from a seller to a buyer. Today's low-cost selling is likely to buy into the future of high prices.
Capital markets, water and electricity supplies company Datang CDM Office Tangren Hu said that "the stock has had a CDM plate. The financial sector, the current rise of carbon assets business is not much." The investment and financing, the National Development and Reform Commission Climate Change Director Sun Cuihua introduction, in accordance with the provisions of transfer of emission reduction projects the gains should go to the Government and the implementation of the project owners. "Currently, we use the share of national income, the establishment of a Clean Development Mechanism Fund, the Fund will be used for climate work. In addition, CDM management of the Fund are also functioning."
Currently, banks with low credit support, direct investment, lack of financing, as well as indicators of the development of premature carbon, carbon finance market can be called a time bomb.
Climate Group's China president Wu Changhua concern to promote low-carbon demonstration projects in China, the process, first of all are familiar with these programs to make the financial sector, with its low-carbon projects will be assigned to high-risk investment industry shunned, as it was placed under Among the items to a fair and reasonable. "Real solution to a low carbon economy of scale, investment and financing issues must be resolved, no money has no use technology." Ms. Wu said.
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