ESG热点周聚焦(7月第4期)：雅下水电开工，清洁能源启新章

Core Insights - The report highlights the significant advancements in ESG (Environmental, Social, and Governance) initiatives both internationally and domestically, emphasizing the integration of green finance, policies, and technologies to achieve a harmonious resonance of "rules-funds-technology" [2][5] - The establishment of the China Yarlung Group and the initiation of the Yarlung Zangbo River downstream hydropower project with a total investment of 1.2 trillion yuan demonstrates the Chinese government's commitment to green energy [2][5] - The report notes the increasing importance of ESG disclosures and frameworks, with various organizations and governments taking steps to enhance transparency and accountability in sustainability practices [2][5] International ESG Events - The UK government confirmed that by 2029, it will include engineered carbon removal in its emissions trading scheme, maintaining the total quota unchanged to support its net-zero goals by 2050 [5][11] - The International Court of Justice issued a landmark advisory opinion clarifying that a state's failure to control greenhouse gas emissions could constitute an international wrongful act, thereby establishing a legal framework for climate accountability [5][19] - The African Development Bank approved a loan of $116.4 million to support inclusive agriculture in Morocco, highlighting the role of financial institutions in promoting sustainable development [5][20] Domestic ESG Events - The People's Bank of China reported that the balance of green loans reached 42.39 trillion yuan by the end of Q2, with a half-year increase of 5.35 trillion yuan, indicating robust growth in green financing [2][5] - The Shenzhen Stock Exchange implemented an ESG negative exclusion mechanism for the ChiNext index, marking a significant step towards integrating ESG criteria into market operations [2][5] - The launch of the first deep-sea green intelligent technology test ship in China, named "Future," aims to validate green technologies and deep-sea equipment, furthering the country's commitment to sustainable innovation [2][5] Academic Frontiers - Recent studies published in various journals indicate significant non-linear connections between biodiversity finance, green bonds, and tokenized carbon, suggesting a complex interplay in extreme market conditions [2][4] - Research on the impact of energy transition policies on corporate ESG performance reveals that certain policies can negatively affect ESG scores, emphasizing the need for careful policy design [2][4] - A survey of accounting governance professionals in emerging markets post-pandemic shows that 78% consider ESG disclosures important, reflecting a growing recognition of sustainability in corporate governance [2][4]