Domestic Highlights - Xiamen has launched the "ESG Report Verification Cost Compensation Insurance," aiming to enhance ESG disclosure and verification coverage in the region[12] - The Xiamen Free Trade Zone has introduced 632 innovative measures, with 153 being national firsts, to promote ESG standards and practices[12] International Developments - The European Commission proposed amendments to the European Climate Law, targeting a 90% reduction in greenhouse gas emissions by 2040 compared to 1990 levels[3] - The proposal includes mechanisms like carbon credit allowances to alleviate pressures in achieving these reduction targets[3] ESG Financial Products Tracking - As of July 5, 2025, China has issued 3,605 ESG bonds, with a total outstanding amount of 5.52 trillion RMB, where green bonds account for 61.53% of the total[22] - In the past month, 41 ESG bonds were issued, raising 39.8 billion RMB, while the total issuance over the past year reached 1,007 bonds worth 1.1758 trillion RMB[22] Public Fund Insights - The market has 902 existing ESG products, with a total net asset value of 1,055.066 billion RMB, where ESG strategy products represent 52.98% of the total[34] - No new ESG public funds were issued in the past month, but 236 funds were launched in the last year, totaling 170.639 billion units[34] Banking Wealth Management - There are 965 existing ESG products in the banking sector, with pure ESG products making up 55.85% of the total[40] - In the last month, 12 new ESG products were issued, primarily focused on pure ESG and environmental protection[40] Index Performance - As of July 4, 2025, major ESG indices, except for the Wind All A Sustainable ESG, outperformed the market, with the 300 ESG Leading Index showing the highest increase of 1.87%[41] - Over the past year, the Huazheng ESG Leading Index had the largest growth at 17.59%, while the Shenzhen ESG 300 Index increased by 13.3%[41] Expert Opinions - UNEP FI's Butch Bacani emphasized the insurance industry's role in managing climate-related risks and supporting sustainable industrial transitions[8] - The need for a comprehensive asset-liability perspective was highlighted to align insurance and investment efforts towards building resilient and carbon-neutral communities[8] Risk Factors - Potential risks include slower-than-expected ESG development, delays in the dual carbon strategy, and insufficient policy advancements[43]

Core Viewpoint - The European Commission has proposed amendments to the European Climate Law, setting a target to reduce greenhouse gas emissions by 90% compared to 1990 levels by 2040 [1] Group 1: Legislative Changes - The proposed amendments include the introduction of carbon credit mechanisms to alleviate pressure on Europe in achieving its emission reduction targets [1] - The European Climate Law establishes a long-term goal for the EU to achieve climate neutrality by 2050 and sets a mid-term target to reduce emissions by 55% by 2030 compared to 1990 levels [1] Group 2: Member State Reactions - Some EU member states oppose the 2040 target, arguing that it is unrealistic [1]

【文/观察者网 陈思佳】"非洲正面临碳掠夺。"据英国《金融时报》4月6日报道，非洲开发银行行长阿 金武米·阿德西纳（Akinwumi Adesina）近日表示，非洲的自然资本被严重低估，外国企业在非洲购买 碳信用额度的价格远低于欧洲等地，这阻碍了非洲的经济发展。 阿德西纳说："过去我们遭遇了土地掠夺，现在我们面临碳掠夺。在欧洲获取许可的成本可能高达每吨 二氧化碳200欧元，或者你可以在非洲以3美元的价格获得许可。各国正失去大片森林、大片土地，我称 之为碳掠夺。" 阿德西纳没有点名任何公司。但《金融时报》称，一些公司正在非洲进行与避免毁坏森林有关的碳交 易，例如推行"炉灶计划"，通过让消费者在不使用木柴的情况下做饭来减少碳排放。其中一些计划已遭 到质疑或被否定，导致信用额度价格下跌。 报道援引MSCI碳市场的数据称，去年每吨二氧化碳的碳信用额度平均价格为4.8美元，低于前一年的6 美元，一些从大气中移除温室气体的项目有更高的溢价。不过，一些西方开发商声称要将二氧化碳半永 久地封存在地下，他们发行了价格更高的信用额度。 在阿德西纳看来，现在的非洲迫切需要解决高负债问题。他透露，非洲开发银行正在支持建立一个非洲 融 ...