绿色金融行业月报()：绿色低碳转型相关立法逐步健全，大规模设备更新和消费品以旧换新有助于重点行业节能降碳和绿色化升级241017

Investment Rating - The report rates the industry as "Positive" [3] Core Insights - The gradual improvement of legislation related to green and low-carbon transformation provides legal guarantees for comprehensive economic and social development [1] - Large-scale equipment updates and the replacement of consumer goods are significant decisions made by the central government to promote high-quality economic development, driving demand for green financing [2] - Financial institutions are encouraged to innovate green financial products to meet the funding needs arising from equipment updates and consumer goods replacement [2] Summary by Sections Policy Dynamics - The report highlights the release of several regulations, including the "Military Ecological Environment Protection Regulations" and local laws in Zhejiang and Shanghai, aimed at promoting green transformation [1][10] - The "Notice on Promoting Non-Bank Financial Institutions to Support Large-Scale Equipment Updates" encourages financial leasing companies and consumer finance companies to facilitate equipment updates and consumer goods replacement [10][11] Green Financial Products Dynamics - As of June 2024, the balance of green loans reached 34.8 trillion yuan, with a year-on-year growth of 28.5%, primarily directed towards infrastructure and clean energy sectors [16] - In September 2024, the issuance of green bonds amounted to 54.84 billion yuan, with a total of 469.739 billion yuan issued throughout the year [20] - The establishment of ESG public funds saw a significant increase, with 23 new funds launched in September 2024, totaling 22.459 billion yuan [25] Environmental Rights Financing Tools - In September 2024, the total transaction volume of water rights reached 6.946 million cubic meters, with a total transaction amount of 720.57 thousand yuan [37] - The report details the trading of pollution rights in various provinces, with significant transaction volumes reported in Shaanxi, Jiangsu, and Zhejiang [40][43] - The first batch of energy rights trading in Shaanxi was completed in September 2024, with a total transaction amount of 11.82 million yuan [45]