清华大学五道口金融学院绿色金融研究中心（CGFR）将于 2025年10月10日（周五）举办第六十三期 " 清华五道口绿色金融讲座 "。 本期讲座邀请到了中国科学院科技战略咨询研究院学部学科研究支撑中心执行主任姬强，围绕" 气候金 融研究进展 "主题进行观点分享。 讲座背景 可持续发展和应对气候变化是当今世界发展的主流方向，绿色金融在其中扮演着重要角色。如何平衡环境保护、应对气候变化和经济发展的关系， 如何利用市场机制和政策激励来推动可持续发展目标的实现，以及有哪些可借鉴的低碳转型路径，引发了社会各界的热烈讨论。为探索绿色金融的 发展方向，清华大学五道口金融学院主办、绿色金融研究中心（CGFR）承办"清华五道口绿色金融讲座"系列活动。邀请国内外杰出的专家学者， 就"碳中和"、绿色金融、ESG、气候风险等前沿问题开展专题讲座，促进前沿学术与政策研究和行业实践探索的交流对话。 主办：清华大学五道口金融学院 承办：清华大学五道口金融学院绿色金融研究中心(CGFR) 本期主题 气候金融研究进展 讲座议程 2025年10月10日 15:00-16:00 主旨演讲 16:00-16:30 问答讨论 本期嘉宾 观看方式 扫描 ...

21世纪经济报道记者 高江虹 实习生 彭思雨 9月24日17时许，今年第18号台风"桦加沙"已于在阳江海陵岛登陆，登陆时中心附近最大风力13级（40 米/秒，台风级），中心最低气压955百帕。预计，"桦加沙"将以20公里左右的时速继续向偏西方向移 动，强度逐渐减弱。 这场突如其来的台风打乱了众多消费者的计划。 "原本是25日凌晨的航班从香港经多哈飞乞力马扎罗，但22日下午就接到航班取消的消息，赶紧改 签。"深圳胡先生向记者反馈，改签过程一波三折，后续航班迅速一抢而空。携程方面向记者透露，因 台风影响，大量航班取消，这两天服务电话涌进大量改签需求。 另据航班管家的统计，截至9月24日上午十点，深圳、珠海、香港、广州和澳门机场一共取消航班3489 架次。多地旅游景区也受到较大影响，尤其是海南，因为"桦加沙"之后，最新生成的台风"博罗依"似乎 会直扑海南而来，令不少游客观望不前。 游客与企业的双重困境 这场被称为"风王"的灾害已引发连锁反应，9月24日当天海南进出岛列车全部停运，广铁集团宣布广东 全省高铁、普速列车全天停运；深圳、珠海机场分别于23日晚8时、7时起关闭，香港国际机场虽维持运 行，但预计只有极少量航班 ...

中经记者 张漫游 北京报道 2025年9月23日，由《中国经营报》主办的"绿色引领 重塑未来——2025中国企业可持续发展行动大 会"在北京盛大举行。 金融作为实体经济的血脉，在企业可持续发展的过程中起到重要作用。在大会上，中国银行研究院资深 研究员王家强指出，气候风险愈加严峻，且最终都可能通过融资行为向银行业传导。因此，中国银行业 已将ESG风险管理纳入全面风险管理体系，努力提高识别与管理气候风险的能力。 中国金融业践行可持续发展成效显著 王家强认为，中国金融业在绿色引领可持续发展方面的理念和信心坚定不移，战略方向和实践路径贯穿 始终，中国金融业坚决贯彻落实新发展理念，全力支持经济、社会、环境可持续发展。 三是开展气候风险压力测试，评估风险承受能力。中国银行自2021年起定期开展气候风险压力测试，并 把参考国际权威机构方法开展的压力测试结果，应用于财务风险评估。2024年，中银香港、中国银行悉 尼分行、伦敦子行等境外分支机构也有序开展气候风险压力测试。 对于未来银行业支持可持续发展的突破点，王家强指出，银行业支持可持续发展领域宽广、大有可为。 未来，通过金融业支持建设零碳产业园，可能成为下一个突破口。零碳园 ...

Core Viewpoint - The article emphasizes the significant role of green finance in China's economic transformation towards sustainability, highlighting its contribution to global green governance and the achievement of carbon neutrality goals. Group 1: Green Finance as a Key Driver - Green finance is a crucial component of China's strategy to build a financial powerhouse and is essential for promoting a comprehensive green transformation of the economy and society [1] - Financial institutions are pivotal in this process, acting as key players in facilitating the transition to a green economy [1] Group 2: Support for Green New Momentum - Financial institutions are increasingly adopting systematic approaches to support green new momentum, providing initial funding through green industry funds, private equity financing, and green credit for emerging green technology companies [2] - During the growth phase, they assist companies in accessing direct financing through IPO underwriting and sponsorship, directing funds towards R&D, capacity expansion, and market development [2] - For mature companies, they offer tools like green corporate bonds and asset-backed securities to ensure ongoing development and market position [2] Group 3: Innovation in Green Finance - Financial institutions are innovating to create a modern green finance ecosystem, focusing on product diversification to meet the varied needs of different market participants [3] - New financial products include green notes, green supply chain finance, ESG-themed investment products, carbon-neutral bonds, and sustainability-linked loans [3] - The use of digital technology is enhancing the efficiency and precision of green finance services, with AI and big data improving green identification and blockchain ensuring transparency in fund allocation [3] Group 4: Risk Management and International Cooperation - Financial institutions are integrating climate risk into their risk management frameworks, enhancing their ability to identify and respond to climate-related risks [4] - They are also engaging in international cooperation to share best practices and tackle global climate challenges collectively [4] - By strengthening risk management and fostering international collaboration, financial institutions are positioning themselves as responsible players in global climate governance [4]

Core Viewpoint - Climate risks are increasingly impacting rural energy systems, necessitating enhanced infrastructure and targeted policy recommendations to mitigate these effects [1][4]. Rural Energy Infrastructure Status - The government is placing significant emphasis on rural energy infrastructure, supported by policies and financial assistance such as low-interest loans and subsidies [2]. - Notable progress has been made in rural energy infrastructure, with increased investment in rural power grids and a significant expansion in coverage [2]. - The rapid development of renewable energy, particularly through initiatives like the photovoltaic poverty alleviation program, has led to a substantial increase in installed capacity [2]. Future Development Focus - Future development will prioritize renewable energy, especially distributed energy systems, and smart grid construction to enhance resilience against climate risks [3]. - The share of fossil fuels in rural energy systems is decreasing, with a broad outlook for renewable energy development [3]. Impact of Climate Risks - Climate risks directly damage energy infrastructure, increasing operational risks for rural energy systems [4][5]. - The costs associated with adapting rural energy infrastructure to climate risks are rising, leading to increased operational burdens [4][6]. - Climate risks contribute to decreased stability and efficiency in energy transportation, impacting overall effectiveness and increasing costs [6]. Strategies to Address Climate Risks - Selecting appropriate locations for energy infrastructure to enhance resilience against climate risks is crucial [7]. - Establishing a climate warning mechanism to improve preemptive capabilities against extreme weather events is necessary [8]. - Promoting advanced energy technologies and improving the smart management of rural energy infrastructure will bolster resilience [9]. - Training energy personnel on climate risk awareness is essential to reduce failure rates in energy infrastructure [10].

Core Insights - The reinsurance industry is increasingly cautious due to rising climate risks, with major reinsurers significantly reducing their exposure to catastrophic insurance losses by over 50% in the past five years [1][2] - The industry has established substantial buffers to manage potential losses, with large reinsurers now capable of handling approximately $300 billion in insurance losses equivalent to three "Katrina" scale hurricanes within a year [2] - Natural disaster-related insurance losses are projected to exceed $150 billion this year, significantly higher than the average over the past decade [2] Reinsurance Industry Trends - Reinsurers are prioritizing profitability over growth, particularly in the U.S. property and casualty insurance sector, and are rejecting business that does not meet strict risk-return standards [3] - A survey by Moody's indicates that 75% of respondents expect property reinsurance prices to decline, with some anticipating a decrease of up to 7.5% next year [3] - The frequency of extreme weather events has increased dramatically, from about 50 events annually in the 1970s to nearly 200 in the past decade, posing significant long-term challenges for the reinsurance industry [3] Risk Management Strategies - Reinsurers are raising the payout trigger points to mitigate exposure to secondary risks, which are harder to model and price [4] - The industry has allocated a total budget of $21 billion to address disaster losses by 2025, but only half of this budget has been utilized so far [4] - In contrast, primary insurers in the U.S. have already used 80% of their disaster loss budgets, largely due to the impact of California wildfires [4]

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) is actively promoting green finance development, achieving significant milestones in green loans and bonds, and innovating financial products to support sustainable development in China [1][2]. Group 1: Green Finance Development - ICBC's green loan scale has surpassed 6 trillion yuan, with over 1.1 billion yuan in domestic green financial bonds issued and more than 20 billion USD in overseas green bonds [1]. - The bank has launched various innovative green financial products, including the first carbon-neutral and floating-rate green financial bonds in the domestic commercial banking sector, and the first ESG-themed ETF fund in the market [1]. - ICBC has established a comprehensive ESG advisory service system to meet clients' green development needs, including strategic planning, implementation, information disclosure, rating optimization, and transaction facilitation [1]. Group 2: Regional Innovations - ICBC's branches are implementing localized green finance innovations, such as the bamboo carbon sink trading center in Anji County and the bamboo carbon yield pledge loan, which has issued 1.3 billion yuan in loans [2]. - The Anhui branch has introduced a "carbon ticket + green finance" model, issuing the province's first wetland carbon ticket loan of 10 million yuan [2]. - The Henan branch focuses on the circular economy, providing 100 million yuan in green financing support to nearly 40 small and micro enterprises [2]. Group 3: Risk Management - ICBC has developed a comprehensive environmental risk management system, utilizing big data, IoT, and AI to enhance green finance risk control efficiency [5]. - The bank incorporates climate risk into its overall risk management framework and conducts climate risk stress tests to improve its management capabilities [5]. Group 4: Global Cooperation - ICBC is actively participating in global green finance exchanges and collaborations, contributing to sustainable development through standard-setting and business cooperation [5]. - The bank has released environmental risk stress test results, being one of the first financial institutions globally to conduct such research, providing a reference for peers [5]. - ICBC aims to contribute to biodiversity protection through innovative financial solutions and risk management systems [5].

Group 1 - The article highlights the increasing frequency of extreme weather events due to climate change, posing challenges to urban economic development and governance systems [1] - It emphasizes the complex nature of climate threats faced by urban clusters in China, with varying regional climate adaptation capabilities and industrial resilience [1] - The need for a national-level approach to enhance climate adaptation capabilities in urban clusters is stressed, suggesting the establishment of a climate adaptation system [1] Group 2 - Recommendations include establishing a climate safety committee and creating a "city cluster climate safety responsibility list" to improve governance [2] - The article suggests accelerating the enactment of special laws for climate change and increasing funding support for climate resilience infrastructure [2] - It proposes the development of a three-tier climate risk prediction and management system to enhance early warning capabilities [2] Group 3 - The importance of ecological resilience is discussed, advocating for the evaluation of climate risks in urban ecosystems and the establishment of ecological safety barriers [3] - The article calls for optimizing urban layouts and enhancing multi-level ecological resilience systems to mitigate extreme weather impacts [3] - It emphasizes the need for differentiated transformation paths for key industrial clusters to improve disaster recovery capabilities [3] Group 4 - The article promotes public participation in climate resilience efforts, suggesting the integration of climate adaptation knowledge into school curricula [4] - It recommends the establishment of community climate funds to support local infrastructure improvements and emergency preparedness [4] - The creation of a crowdsourced climate risk monitoring network is proposed to enhance community engagement in climate action [4]

Core Insights - The World Meteorological Organization and other agencies have issued warnings about extreme heat, urging countries to enhance early warning systems, develop public health response plans, and improve inter-agency collaboration to address escalating climate risks [1][2] Group 1: Extreme Heat Events - In 2025, global temperatures are expected to break records, with July being the third hottest month on record [1] - Turkey recorded a maximum temperature of 50.5 degrees Celsius, while Sweden and Finland experienced prolonged temperatures above 30 degrees Celsius [1] - Japan recorded a new high of 41.8 degrees Celsius in August, with parts of Pakistan exceeding 42 degrees Celsius and some areas surpassing 45 degrees Celsius [1] Group 2: Impact of Extreme Heat - The ongoing high temperatures have led to severe wildfires, with Canada experiencing its worst wildfire season on record, burning over 6.6 million hectares as of August 3 [1] - Smoke from hundreds of fire points has deteriorated air quality in multiple provinces in Canada and northern U.S. states, even reaching Europe [1] - Countries like Turkey, Greece, and Cyprus have also faced wildfires resulting in casualties and mass evacuations [1] Group 3: Health Risks and Projections - Extreme heat is referred to as a "silent killer," posing long-term threats such as health risks, power outages, and worsening air quality [2] - An estimated 489,000 deaths annually from 2000 to 2019 were linked to heat-related causes, with 45% occurring in Asia and 36% in Europe [2] - Implementing heat health warning systems in 57 countries could potentially save nearly 100,000 lives each year [2]

Group 1 - The article highlights the increasing impact of extreme weather, particularly heavy rainfall, on China's tourism industry, leading to significant disruptions and cancellations [2][18][19] - Various tourist destinations across China, including Qinghai, Zhengzhou, and Hong Kong, have experienced closures and operational halts due to severe weather conditions, affecting hotels, transportation, and travel agencies [5][12][15] - The tourism sector is described as a fragile system with low profit margins and high dependency on weather conditions, making it vulnerable to sudden weather changes that can lead to zero income [26][28][30] Group 2 - The article emphasizes the need for the tourism industry to adapt to climate risks, suggesting that traditional metrics for evaluating tourism projects are no longer sufficient [31][32] - It discusses the lack of preparedness for extreme weather events in the tourism sector, with a focus on the necessity for better risk management strategies, including insurance solutions [33][36][39] - The article proposes that local tourism authorities should establish temporary insurance subsidies during high-risk periods to encourage small and medium-sized tourism operators to invest in disaster preparedness [41][42]