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Abstract: Since February 2021, China’s carbon neutrality bond market has risen rapidly, which is closely related to the acceleration of carbon dioxide emission reduction under the “30·60” goal of my country’s carbonization peak and carbon neutrality, and the huge fund gap required for the “30·60” goal, and the continuous outreach of relevant support policies.
In the first quarter of 2021, the domestic carbon neutral bond market was initially formed, with a total of 42, with a total of 62.35 billion yuan. From a monthly perspective, the issuance scale has continued to be expanded at a high speed. From the perspective of structure, the carbon neutrality bond support industry is mainly power industry, and the distribution main body is central enterprises. Therefore, the bank market is mainly marketed in the market, and the locks are selected by the lens. Because both women are young and attractive, she has issued high and stable main body credibility, and the bond operation mechanism raises characteristics such as “carbon reduction”, which emphasizes the operational standards.
With the dual driving force of market and policy, my country’s carbon neutral bonds face a gold development opportunity period and will have a long-term development prospect in the future. First, the system construction has continued to be perfect, and the supervision department also needs to strengthen the standardization and standardization of the carbon neutral bond market for the development of special system construction. Second, the market scale expansion potential is significant. The current carbon neutral bond market is still just showing its head. In the future, the market will not expect to jump to growth, but supervision needs to be strengthened in various aspects such as bond attribute identification, reputation risk prevention and control, and daily fundraising supervision. Third, the market structure is diversified, and the current carbon neutral bond market is characterized by “first-test” for large enterprises such as dynamic central enterprises. In the future, while supporting the development of central enterprises and AAA enterprises, it is also necessary to increase the support for other enterprises such as domestic enterprises and AA+ (inclusive) and enterprises below.
Carbon neutrality bonds refer to green bond products that are specially used for green bonds with carbon emission reduction benefits such as cleaning power, cleaning roads, green buildings, carbon transportation forestry under the framework of the current green bond policy, and are quantitatively evaluated and calculated by third-party professional institutions for environmental benefits such as carbon emission reduction, and continue to reveal the progress of the project and the actual situation of carbon emission reduction benefits after issuance. Since February 2021, under the influence of policy support and demand, China’s carbon neutral bond market has developed from nothing to agile. The subsequent profound development has a deep and main meaning for my country and even the global pre-government finance to change climate and promote the sustainable development of ecological development. This article focuses on the preliminary implementation of the domestic carbon neutral bond market in my country, sorted out the rise and implementation of the domestic carbon neutral bond market, and explored its development prospects.
1. Carbon neutrality bondsThe market has been thriving since February 2021, China’s carbon neutral bond market has been thriving rapidly, and its enthusiasm can be developed from or published in the following aspects.
(I) my country’s carbon dioxide emission reduction mission is heavy and urgent
In the past decade, global climate changes have been unpredictable, extreme weather events have become increasingly frequent, and the ecological system in the mainland has been severely damaged, which has had a clear negative impact on the sustainable development of human production and career. Experts generally believe that global heaths lead to increasingly frequent extreme weather events such as hot waves, winds and cold tides, while the increase in carbon dioxide and other temperature gas emissions caused by human activities is one of the causes of global heaths. Data shows that the global carbon dioxide concentration has recently risen to the highest level in nearly 10 million years. The Global Carbon Plan Report predicts that the global carbon dioxide concentration in 2020 will be 412ppm. Developing low-carbon economy, promoting green development and sustainable development are the main and urgent actions of human beings to protect the earth’s homeland. As a major economic and economic country, China has a heavy task in reducing carbon dioxide emissions. In 2020, my country’s total carbon dioxide emissions will be approximately 10.03 billion yuan.
In September 2020, President of the State Jinping proposed at the 75th United Nations Conference that “China will improve its national independence efforts and adopt powerless policies and measures to double its efforts. The carbon dioxide emissions will reach its peak before 2030, and strive to achieve carbon neutrality before 2060.” The “30·60” goal of carbonization peak and carbon neutrality was officially confirmed, which means that China has pressed the carbon reduction and rapid growth key to respond to the impact of global climate changes.
(II) The demand for capital to achieve carbon peak and carbon neutrality is grand
Related research and development shows that in 2030, the annual funding of my country’s demand projects is about 31,000 to 36,000 yuan, and the annual funding scale is about 5,000 yuan. 10 million yuan, the capital gap exceeds 25,000 yuan; “carbon neutrality” will be achieved before 2060, and more than one million yuan of investment will be added in areas such as clean-up power generation, advanced large-scale energy acquisition, green zero-carbon construction (Note: See: 12 policy suggestions for “carbon neutrality” in my country, BeixingSugar daddyBig Internet, 2021-02-17). Since the financial funds of the authorities can only cover a small number of funds required to achieve carbon neutrality goals, the gap in funds exceeding the scale also requires market funds to be replenished, so this is from Sugar daddy has a deep demand for the development of green financial systems, perfecting investment and financing mechanisms related to “carbon neutrality” to guide the market to calm the capital flow into the “carbon neutrality” real-time relevant areas.
(III) Related support policies continue to come out
Under the guidance of the 30.60 goal, in December 2020, the Center’s Economic Mission Conference will “do a good job in carbon peak and carbon neutrality” as one of the key tasks in 2021. It clearly proposed to strictly order the carbon emission peak action plan before 2030, and support qualified places to take the lead in peaking. We must accelerate the adjustment of optimized industry structure and dynamic structure, promote the peak of coal consumption as soon as possible, vigorously develop new forces, accelerate the construction of the national energy and carbon emissions market, and perfectly drive consumption to control you, but you are the most promising person in our community. Be good at small success and get through the exam. We must continue to win the best efforts. Chemical prevention and control attacks have achieved a joint effect on pollution reduction and carbon reduction. We must carry out large-scale domestic greening operations and carry out carbon transfer capabilities in the ecological system. In February 2021, the National Institute of Economic Affairs issued the “Guiding Opinions on Accelerating the Establishment and Improving the Economic System of Green Low-Carbon Circular Development” and proposed “Strive to Develop Green Finance.” Develop green credit and green direct financing, and increase the intensity of assessment of green financial industry performance in financial institutions. Consolidated green bond standard, tree-standing green bond evaluation standard. “In March, General Li Keqiang pointed out in his 2021 National Institute of Economic Affairs Bureau’s Office’s Office that we should implement the tasks of carbon peak and carbon neutrality, formulate the carbon emission peak action plan before 2030, and optimize the industry structure and dynamic structure.
Under the guidance of the Party Center and the National Institute of Economic Affairs, the financial supervision field is Accelerate the procedures for the preparation and implementation of carbon neutrality bonds. In October 2020, the Ministry of Ecology and Environment, the National Development and Reform Commission, the National Bank, the Bank of China, and the Certification Commission jointly issued the “I will not miss you on promoting climate change investment and investment in micro-climates.” Guiding Opinions on Financing, which clearly stated that climate investment and financing refers to actual Sugar baby Nowadays the country’s independent commitment goals and low-carbon development goals, guiding and promoting more capital investments to investment and financing activities that should be in the areas of climate change, and is the main component of Green Finance. In March 2021, the buyer association issued the “Notice on Clearing the Correlation Mechanism of Carbon Neutral Debt” TC:
