ESG News | Jan

Selected Monthly ESG News

ESG Investment

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1. JinkoSolar's two major energy storage industry projects settled in Haining, Zhejiang with a total investment of 18.6 billion RMB

On January 3, JinkoSolar held a signing ceremony for two major industrial projects in Haining, Zhejiang Province. JinkoSolar's "Energy Storage Integrated System and Industrial Supporting Project" and "11GW High Efficiency Battery and 15GW High Efficiency Module Project" were signed in Haining, with a total investment of 18.68 billion RMB. According to the company, JinkoSolar's energy storage system and industrial supporting project is expected to achieve an output value of 25 billion yuan and a tax revenue of 600 million yuan after the project is completed. JinkoSolar's 11GW high-efficiency battery and 15GW high-efficiency module projects are expected to achieve an output value of 30 billion yuan and a tax revenue of 1 billion yuan after production.

Carbon Finance

2. Xing'an League Forestry and Grass Carbon Sink Development Strategic Cooperation Framework Agreement Signed Aiming at 1.7 Million Mu of Afforestation Space!

On January 6, Xing'an League Administrative Office and Inner Mongolia Senkou Group signed a strategic cooperation framework agreement on forest and grass carbon sink economic development. Xing'an League is rich in forest and grass resources, with 30.1 million mu of forest area, 98.73 million cubic meters of standing wood, and 33.39% forest coverage; 26.83 million mu of grassland area, with 75% grassland vegetation cover, and 25.09 million mu of wetland area and 23.1 million mu of arable land. According to the statistics of the Forestry and Grass Bureau of the autonomous region, the annual forestry carbon stock of Xing'an League is more than 7 million tons, ranking second among all leagues and cities in the region. There are nearly 1.7 million mu of afforestation space in Xing'an League's land space planning, and the space for developing forestry and grass carbon sink is extremely broad.

3. Chinese ships on international voyages begin to implement new regulations on energy consumption data and carbon intensity management

Starting from January 1, according to the "Measures for the Management of Ship Energy Consumption Data and Carbon Intensity", Chinese international voyage ships will report voyage energy consumption data through the "Chinese International Vessel Energy Consumption Data and Carbon Intensity Management System" at overseas ports; In the domestic ports, the energy consumption data report of the voyage is carried out through the "maritime one-stop platform".

4. Sichuan will promote "forestry and grass carbon sink +" mechanism, build forestry and grass carbon sink technology service platform, and expand forestry and grass carbon sink product supply

On January 9, Sichuan Province said that it will further promote "forestry and grass carbon sink+" conference, "forestry and grass carbon sink+" compulsory tree planting for all people, "forestry and grass carbon sink+" ecological justice, etc. "Forestry and grass carbon sinks +" mechanism. Among them, the "Forestry and Grass Carbon Sink+" conference encourages green and low-carbon meetings, carbon offsets and carbon compensation through corporate donations and carbon credit purchases; the "Forestry and Grass Carbon Sink+" compulsory tree planting for all people guides citizens of the right age to fund the purchase of carbon sinks and obtain "purchase carbon sink vouchers" to offset compulsory tree planting tasks; "forestry and grass carbon sink +" ecological justice guide forestry-related cases illegal parties through the purchase of forestry and grass carbon universal certified emission reductions to carry out ecological alternative restoration.

5. The central bank continued three structural monetary policy tools to increase credit support for carbon emission reduction and transportation logistics, etc.

On January 29, the People's Bank of China issued a notice to extend the implementation of three carbon emission reduction support monetary policy tools. First, the carbon emission reduction support tool will be extended until the end of 2024, and some local legal person financial institutions and foreign financial institutions will be included in the scope of financial institutions of carbon emission reduction support tool. Second, the special refinancing loan to support clean and efficient utilization of coal will be extended until the end of 2023. Third, the special refinancing loan for transportation logistics will be extended until the end of June 2023, and small and medium-sized logistics and warehousing enterprises will be included in the scope of support.

6. China Certification & Inspection Group (CCIC) issued the first carbon disclosure label certificate for photovoltaic modules

On January 9, China Certification & Inspection Group (CCIC) issued the first domestic PV module carbon disclosure label certificate for Astronergy Technology Co., Ltd.. Relevant leaders attended the ceremony and had an in-depth discussion on how the carbon label evaluation work can promote the green and low-carbon development of the whole industry chain of PV products, which became a milestone in the process of carbon label practice in China's PV industry.

Green Finance

7. Big news! State Grid and State Power Investment biomass integration!

On January 10, The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held a ceremony to hand over the management rights of biomass power generation projects between The State Grid Corporation of China (SGCC) and State Power Investment Corporation (SPIC), and the specialization and restructuring of two central enterprises in the field of biomass power generation landed, so that SPIC became the controlling shareholder of National Bio Energy Group. This professional integration is conducive to leading the transformation and upgrading of biomass power generation industry and creating a green low-carbon circular economic system. According to the study of the Chinese Academy of Engineering, the total installed capacity of biomass power generation in China will reach 52 million kilowatts in 2030 and 100 million kilowatts in 2060, contributing more than 460 million tons of social carbon emission reduction.

8. Jiangsu Provincial Department of Transportation released the "2022 Jiangsu Green Transportation Development Report

On January 11, Jiangsu Provincial Department of Transportation released the "2022 Jiangsu Green Transportation Development Report", which pointed out that in 2022, the carbon emission intensity of operating trucks and cargo ships in Jiangsu Province will decrease by 0.86% and 0.81% respectively compared with 2021. The province's annual new energy buses accounted for 90.1% of the new buses, the total number of new energy buses accounted for 72%.