全国首次！广东三部门联合出台碳排放配额质押融资新机制

Core Viewpoint - The recent issuance of the "Opinions" by the Guangdong Provincial High People's Court, the Guangdong Provincial Department of Ecology and Environment, and the People's Bank of China Guangdong Branch provides systematic judicial guarantees for carbon emission quota pledge financing, enhancing the institutional support for the monetization of carbon indicators held by enterprises in Guangdong [3][4]. Summary by Sections Judicial and Financial Innovation - The "Opinions" aim to activate the carbon financial market in Guangdong through a dual approach of judicial guarantees and financial innovation, offering a replicable "Guangdong experience" for national carbon financial development and promoting green finance to achieve carbon neutrality goals [3][5]. Risk Mitigation and Legal Framework - To reduce disputes in carbon emission quota pledge financing, the "Opinions" clarify that carbon emission quotas are legitimate pledge subjects, generating legal effect upon registration on provincial trading platforms [4][5]. - A dual registration model involving the "People's Bank of China movable property financing unified registration system + provincial trading platform" is established to prevent asset transfer risks through real-time freezing functions [5]. Encouragement for Financial Institutions - The "Opinions" encourage financial institutions to lend more confidently to projects that meet carbon reduction support criteria, with innovative mechanisms for handling debtor defaults, including competitive bidding on trading platforms and payment collection mechanisms to ensure priority repayment for creditors [5]. - Financial institutions are urged to actively apply for carbon reduction support tools to provide low-cost funding for eligible green loans and receive policy support for outstanding performance in green finance [5]. Diversified Financing Scenarios - The "Opinions" promote the expansion of diversified financing scenarios by developing annual pre-allocated quota pledge financing, carbon sink future revenue rights pledges, carbon emission quota-backed bonds, and carbon asset securitization products to meet the multi-layered financing needs of enterprises [5].