Jin Rong Shi Bao·2025-11-07 01:05Core Viewpoint - China announced a new round of national contributions to reduce greenhouse gas emissions by 7%-10% from peak levels by 2035, emphasizing the need for significant financial investment to achieve these deep decarbonization goals [2] Green Finance Development - The green finance market in China has rapidly expanded during the 14th Five-Year Plan, with green loans increasing from 20 trillion yuan to 36.6 trillion yuan from 2021 to 2024, and green bond issuance exceeding 4.1 trillion yuan, positioning China at the forefront globally [2][3] - CICC has played a pivotal role in supporting the national "dual carbon" goals, leveraging its capital market advantages to channel hundreds of billions into renewable energy, low-carbon transitions, and ecological protection [2] Green Financing Tools Innovation - CICC has been a leader in the innovation of green financing tools, successfully underwriting China's first carbon-neutral themed green financial bond aimed at global investors [3][4] - The establishment of unified standards for green finance products has been facilitated, with CICC assisting in the issuance of the first green financial bond aligned with the EU's sustainable finance taxonomy [4] Green Investment Initiatives - CICC has initiated multiple green-themed funds focusing on new energy, new materials, and new technologies, investing in over 70 projects to promote low-carbon economic development [5][6] - The Shandong Green Development Fund, established with international financing, targets energy structure transformation and green infrastructure, with a total subscription scale reaching 8 billion yuan [6] ESG Integration in Investment Decisions - CICC incorporates ESG factors into its investment decision-making process, developing a comprehensive ESG evaluation system to assess over 4,000 bond issuers [7] Future Outlook on Green Investment - The green finance market is expected to continue expanding, with a projected investment demand of 17.5 trillion yuan in key areas by 2030, which could lead to a reduction of 1.2 billion tons of emissions and a GDP growth of 1.2% annually [8][9] - To bridge the investment gap for carbon peak targets, CICC emphasizes the need for increased efforts on both the demand and supply sides, including expanding carbon markets and reducing the costs of clean energy technologies [9]