ESG News | Oct


Selected Monthly ESG News

Carbon Finance

1. On October 25, a report released by the China Carbon Accounting Data Team led by Guan Dabo, a professor in the Department of Earth System Science at Tsinghua University, pointed out that small and medium-sized emerging emission economies will be the main contributors to the future incremental global CO2 emissions. The report shows that the fossil energy-related carbon emissions of 50 emerging economies grow from 6.3Gt (1Gt = 1 billion tons) in 2010 to 7.8Gt in 2019, with an average annual growth rate of 3.9%.

2. On October 27, Cainiao announced that during the Nov 11 shopping gala this year, it is expected to achieve logistics carbon reduction of over 60,000 tons and generate green behavior of over 2 billion times. This year, Cainiao is also piloting IoT smart devices in some stations to automatically identify express packaging, lowering the threshold for consumers to participate in green recycling. So far, thousands of merchants and 150,000 kinds of goods have joined Cainiao's green supply chain.

3. On October 25,   a research on quantitative identification and calculation of urban carbon emissions from China Carbon Satellite (TanSat) observations was published in Advances in Atmospheric Sciences, confirming that China Carbon Satellite has the capability of monitoring carbon emissions at the city level. The study demonstrates that by jointly applying the synergistic observations of China Carbon Satellite and European Sentinel Satellite, the ratio of CO2 and NO2 emissions can be monitored quantitatively, marking that China has the capability to monitor carbon emissions from anthropogenic activities in space.

4. On October 9, National Energy Administration issued the "Carbon Peak & Carbon Neutral Standardization and Enhancement Action Plan in Energy." According to the plan, a more refined renewable energy standard system will be established mainly for photovoltaic and wind power. Besides, the improvement of the new energy storage standard system will be completed soon. Moreover, technical standards of emerging technologies and industry chain carbon emission reduction will be developed soon. Last but not least, the efficiency-related standards of conventional energy production transformation, transmission, and energy utilization will also be revised.

5. On October 28, HKEx announced the launch of Core Climate, a brand-new international carbon marketplace dedicated to connecting capital with climate-related products and opportunities in Hong Kong, Mainland China, Asia and around the world. All projects listed on Core Climate are certified and meet international standards, such as Verra's Verified Carbon Standard (VCS).

Green Finance

1. On October 27, the Ministry of Ecology and Environment released the 2022 Annual Report on China's Policies and Actions to Address Climate Change, covering the following aspects: China's new deployment to address climate change, active mitigation of climate change, active adaptation to climate change, improvement of policy system and support guarantee, and active participation in global governance to address climate change.

2. October 25, supported by the State Council, the National Development and Reform Commission, the Ministry of Commerce, the Ministry of Industry and Information Technology, the Ministry of Natural Resources, the Ministry of Ecology and Environment, the Ministry of Transport jointly issued the Policy Measures to Promote Foreign Investment in the Manufacture to Expand the Quantity and Stabilize the Quantity and Quality of the stock, proposed to accelerate the green and low-carbon upgrade of foreign investment, and guide foreign investment to actively participate in the carbon peak carbon neutral strategy. Guide the domestic gradient transfer of foreign-invested enterprises in the manufacturing industry, and promote the development of multinational companies to the central and western and northeastern regions with a better industrial development base.

3. On October 13, China Development Bank successfully issued 12 billion yuan (RMB) of green financial bonds in the national interbank bond market for global investors on the theme of "green upgrading of infrastructure". Up to now, the bank has issued 156 billion yuan of green financial bonds.

Article classification: ESG News

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