"Jiangsu Province Carbon Asset Pledge Financing Operation Guidelines (Interim)" released and implemented

In order to implement the major strategic decision of the CPC Central Committee and the State Council on carbon peaking and carbon neutrality, and promote the high-quality development of green finance in our province, recently, the Nanjing Branch of the People's Bank of China, the Jiangsu Banking and Insurance Regulatory Bureau, and the Provincial Department of Ecology and Environment jointly formulated and released "Jiangsu Province Carbon Asset Pledge Financing Operation Guidelines (Interim)" (hereinafter referred to as "Operation Guidelines")
.

As a major economic province, Jiangsu has a heavy industrial structure, a coal-based energy structure, and a large amount of carbon emissions.
There are more than 500 key emission units included in the national carbon market, ranking second in the country, accounting for about 9%.
Based on this situation, "Operation Guidelines" issued and implemented
.

The "Operation Guidelines" consists of seven chapters and thirty articles.
On the basis of defining the types of pledged financing carbon assets, and clarifying the relevant requirements such as financing conditions, financing terms and quotas, and post-loan management, the pledge financing procedures, handling procedures and work requirements are specified in detail.
Prevent false pledges in the name of carbon assets, and implement filing management for financial institutions in Jiangsu Province that carry out carbon asset pledge financing business, and strengthen business norms and regulatory evaluation
.

The "Operation Guidelines" require that the carbon asset pledge financing funds obtained by borrowers should be used preferentially in the fields of climate change and pollution reduction and carbon reduction, and shall not be used in the real estate market or other restrictive fields in violation of regulations
.
Encourage and support enterprises to revitalize carbon assets through carbon asset pledge financing, and provide policy support and incentives to standardize carbon asset pledge financing
.

The release of the "Operation Guidelines" regulates the operational process of carbon asset pledge financing business, strengthens the standardized management of carbon assets, gives full play to the role of the national carbon market and carbon asset financing functions, and helps enterprises revitalize carbon assets
.
The Provincial Department of Ecology and Environment will actively do a good job in policy interpretation, publicity and promotion activities of the "Operation Guidelines", and actively organize the pilot projects and centralized signing of carbon asset pledge financing business, promote the high-quality development of green finance in our province, and build a new "strong, rich, beautiful and high".
Jiangsu contributes green energy
.