Hubei Carbon City reached the country's first carbon quota repurchase transaction of over 100 million yuan
Recently, CITIC Securities Co., Ltd., together with China Merchants Bank Wuhan Branch, and Huaxin Cement Co., Ltd. completed the pilot project in HubeiCarbon marketCarbon allowance buybackTransaction business, financing more than 100 million yuan for enterprises. As another practice of the bank-securities-enterprise tripartite linkage carbon allowance repurchase transaction model, this business is not only the first carbon allowance repurchase transaction participated by "A+H" listed emission control enterprises in the Hubei carbon market, but also the largest single financing scale of carbon allowance repurchase financing business since the establishment of the national pilot carbon market.
Carbon buybacksIt is an innovative financing tool for the carbon market that provides short-term financing for enterprises through trading. Emission control enterprises or other allowance holders sell allowances to carbon emission trading market participants, and agree to buy back the sold allowances at the agreed price after a certain period of time, so as to obtain short-term financing. The business has the characteristics of controllable risks, flexible deadlines and convenient processes, which broadens the financing channels of entities and revitalizes their carbon assets.
As a leading enterprise in the industry's green transformation, Huaxin Cement has kept in mind the mission of carbon peaking and carbon neutrality and has taken multiple measures to promote green transformation. Vigorously expand the cement integration business and new building materials business, continuously reduce the carbon emission intensity of main products, accelerate the pace of green transformation, and implement the national dual carbon strategy with practical actions.
In the process of carrying out this business, Hubei Carbon Exchange Center actively provides policy guidance, system support and other services for both parties to the transaction, simplifies the transaction process to the greatest extent and improves the transaction efficiency under the premise of compliance and legality. At the same time, in order to reduce the financing cost of enterprises, Hubei Carbon Exchange Center took the initiative to reduce the service rates related to repurchase business, assisted enterprises to complete low-cost financing, and effectively promoted the large-scale development of Hubei carbon finance business.
The successful implementation of this repurchase business is another major practice for Hubei to carry out carbon finance innovation and expand and strengthen the scale of the carbon finance industry. Through the effective guidance of funds to low-carbon and environmental protection industries, we will promote the research and development and application of green technologies, accelerate the low-carbon transformation of key industries, and gather momentum and make further contributions to the implementation of the national dual-carbon strategy.
