Shanghai Stock Exchange released the action plan for carbon peak and carbon neutralization during the 14th Five Year Plan Period

Views:990 Author:Site Editor Publish Time:2020-09-03 16:44:11 Orgin:Site

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On March 1, the Shanghai Stock Exchange officially released the action plan for carbon peak and carbon neutralization of Shanghai stock exchange during the 14th Five Year Plan period (hereinafter referred to as the action plan). On the same day, the theme discussion of green finance and the press conference of action plan were held in the trading hall of Shanghai Stock Exchange. Representatives of capital market financing subjects, investment institutions and intermediaries attended and spoke, and shared and exchanged views on the practice of green dual carbon investment and financing and the development of green finance industry.

Based on the basic principles of "objective and orderly promotion", "innovation driven, effectiveness first" and "market-oriented and harmonious development", the action plan puts forward six measures: first, optimize equity financing services, strengthen environmental information disclosure of listed companies, and promote low-carbon development of enterprises; Second, expand the issuance scale of green bonds, build a green bond system and enhance the investment attraction of products; Third, green index system, promote the development of green investment products and enrich the subject matter of green investment; Fourth, steadily promote the opening of green financial markets to the outside world, participate in the green financial work of international organizations, and deepen international cooperation; Fifth, strengthen the research on green finance, strengthen the cultivation of green investors, and promote the publicity and promotion of green finance; Sixth, strengthen energy conservation and emission reduction and promote the construction of green and low-carbon exchanges.

A background that needs to be mentioned is that in October 2021, the CPC Central Committee and the State Council issued opinions on fully and accurately implementing the new development concept and doing a good job in carbon peak and carbon neutralization, proposing that by 2030, the green transformation of economic and social development will achieve results, and the energy utilization efficiency of key energy consuming industries will reach the international level. By 2060, a green and low-carbon circular economic system and a clean and low-carbon energy system will be established, the energy efficiency will reach the international level, and the proportion of non fossil energy consumption will reach more than 80%.

According to the Shanghai Stock Exchange, the action plan is formulated to implement the new development concept and sustainable development strategy, implement the deployment of national carbon peak and carbon neutralization, give full play to the function of capital market to optimize resource allocation and promote the development of real economy.

It is reported that the Shanghai Stock Exchange has always attached great importance to and actively promoted green development. In 2017, the Shanghai stock exchange established a green finance and sustainable development promotion group and formulated the vision and action plan for serving green development and promoting green finance (2018-2020) (hereinafter referred to as the vision and action plan) to promote the innovation and development of green finance. The action plan released this time is the continuation and upgrading of the vision and action plan. According to the spirit and work deployment of relevant documents of the national carbon peak carbon neutralization, it further implements the concept of green development, and aims to provide an action program for the Shanghai Stock Exchange to support capital market innovation, coordination and green development in the next stage, and establish and improve the long-term mechanism serving the development of green, low-carbon and circular economy.

The Shanghai Stock Exchange revealed that in the follow-up, the Shanghai Stock Exchange will solidly promote the contents of the action plan, formulate specific work plans, refine and implement various tasks and measures step by step, solidly promote and strive for practical results, give full play to the resource allocation function of the capital market, and cooperate with all parties to contribute to serving the green and low-carbon development of economy and society.