Lishui establishes an exclusive financing service mechanism for climate investment and financing projects
In the golden autumn season, the sky is crisp and crisp. At the Baihuayan Wind Farm in the southeast of Qingyuan County, Lishui City, Zhejiang Province, workers are vigorously lifting spliced generator blades. On the nearby mountain top, several installed white wind turbines are running in the wind.
"This project is expected to be put into operation at the end of October, with an annual power generation capacity of approximately 500 million kilowatt hours, an annual saving of approximately 160,000 tons of standard coal, and a reduction of greenhouse gas carbon dioxide emissions by 436,000 tons." Liu Kaiyi, the Ecological Environment Emissions Trading Center of Lishui City, told reporters,"As a Lishui climate investment and financing project, Baihuayan Wind Farm has received preferential credit support of 1.494 billion yuan from the Bank of China."
According to reports, climate investment and financing projects can be divided into non-fossil energy development projects such as wind energy and solar energy, strategic emerging industry projects to adjust industrial structure, and climate change mitigation projects such as implementing energy conservation and carbon reduction transformation projects; as well as climate change monitoring, early warning and risk management projects such as climate change adaptation projects, projects to improve the ability of natural ecosystems to adapt to climate change, and projects to strengthen the ability of economic and social systems to adapt to climate change.
As the first batch of climate investment and financing pilot cities in the country and the province's first climate investment and financing pilot cities, in order to cultivate these projects well, in recent years, Lishui has also established the country's first exclusive financing service mechanism for climate investment and financing projects in prefecture-level cities based on the formulation of the "Guidelines for Storage of Climate Investment and Financing Projects in Lishui City, Zhejiang Province. The content includes formulating special preferential policies, creating green approval channels, and innovating loan guarantee methods.
"For example, the special preferential policy is mainly to encourage banking institutions to separate the scale of climate financing, and adopt measures such as lowering credit access thresholds and making good use of syndicated loans to support project investment and financing." Zhang Chaoyi, chief of the Statistical Information Section of the Lishui Supervision Branch of the State Financial Supervision and Administration, said,"The implementation of these mechanisms can promote the enthusiasm of financial institutions and improve service quality."
In the factory area of Zhejiang Yijiayi Technology Co., Ltd. in the Economic Development Zone of Lishui City, the two production lines that have been built are in production.
It is reported that this company is mainly engaged in the manufacturing and production of ecological and environmentally friendly synthetic leather products. In recent years, with the continuous expansion of the water-based synthetic leather market, the company plans to invest 214 million yuan to purchase 81.56 acres of industrial land in Lishui Economic Development Zone, and plans to build and implement a water-based synthetic leather construction project with an annual output of 30 million meters. After the project reaches production capacity, the annual output value can reach 961 million yuan, and the industrial added value can reach 288 million yuan.
After learning about the city's preferential financial policies for climate investment and financing projects, the company also applied as soon as possible. After warehousing, the financial institution connected with the enterprise as soon as possible, and provided policy support such as green approval channels and special price concessions to the project. The project successfully solved the company's funding gap of more than 14 million yuan, and the relevant loan interest rate dropped by 65BP compared with the normal loan interest rate, ensuring the smooth implementation of preliminary projects.
"This is a green and low-carbon transformation project in the traditional synthetic leather industry. Compared with traditional polyurethane synthetic leather production, it can reduce the use of organic solvents such as DMF from the source, reducing pollutants and carbon emissions in waste gas treatment and other processes,"Liu Kaiyi said," According to calculations, the project's carbon emission intensity is about 0.38 tCO2Equivalent/10,000 yuan, rated as a secondary climate investment and financing project."
As of the end of June 2024, Lishui City's climate investment and financing project library projects have received a total of 42.047 billion yuan in credit. The balance of climate financing was 82.374 billion yuan. "Lishui will continue to regard climate investment and financing as a powerful starting point to promote local green and low-carbon transformation, innovate and promote relevant service mechanisms, further attract funds into the field of climate change response, and contribute Lishui's experience to national climate investment and financing." The relevant person in charge of the Lishui City Ecological Environment Bureau introduced.
