商道融绿
China Green Finance Newsletter
China Green Finance Newsletter (June 2017)
2017-07-13
China Green Finance Newsletter (June 2017)
2017-07-13
 
1 - Topic of the Month

New zones to finance 'war on pollution’
Shanghai Daily
China has launched five pilot zones to promote green finance in the provinces of Guangdong, Guizhou, Jiangxi, Zhejiang, and Xinjiang Uygur Autonomous Region. Financial institutions will be given a variety of incentives to provide credits and funds for environmentally friendly industries.      Read More

2 - Monthly News Selection

Policy

Authorities promote mandatory environmental disclosure as listed companies fail test (Xinhua: June 6)
The Ministry of Environmental Protection (MEP) and China Securities Regulatory Commission signed an agreement to promote listed companies' mandatory environmental disclosure. As 70.6% of examined companies in Beijing-Tianjin-Hebei region failed MEP’s air pollution inspection. 

China looks at requiring eight polluting industries to have liability insurance (Caixin: June 12)
According to a draft regulation published by the Ministry of Environmental Protection and the China Insurance Regulatory Commission, companies in eight sectors of high environmental risk would be required to have environmental pollution liability insurance. 

Responsible Investment

China, ADB launch green financing platform to fight pollution (Reuters: June 16)
The Asia Development Bank, the China National Investment and Guaranty Corporation, and the State Development and Investment Corporation have launched a green financing platform to support efforts by small- and medium-sized enterprises to cut pollution in the smog-hit Beijing-Tianjin-Hebei region.

Energy

China is about to bury Elon Musk in batteries (Bloomberg: June 28)
When completed in 2018, Tesla Inc.’s Gigafactory will produce up to 35 gigawatt-hours of battery cells annually. Chinese companies have plans for additional factories with the capacity to produce more than 120 gigawatt-hours a year by 2021.

Corporations

Culture clash at a Chinese-owned plant in Ohio (New York Times: June 10)
China was one the largest sources of foreign direct investment of U.S. during 2016. But with the explosion of investment has come unexpected culture clash. At Fuyao, some workers are questioning the company’s commitment to operating under American norms.

Environment

In China, the water you drink is as dangerous as the air you breathe (Guardian: June 2)
According to the water quality report of Greenpeace, water pollution level in China’s najor cities including Beijing and Shagnhai are extremely high. The nationwide treatment of disposal from polluting industries and sewage is far from sufficient.

China court sentences seven over falsifying air quality data (Xinhua: June 16)
Xi'an Intermediate People's Court in Shaanxi Province convicted heads of environemtnal protection branches of interfering in data collection of the automated air quality monitoring system and using cotton to fill the sampling instrument to lower the pollution data.

China needs patience to fight costly war against soil pollution: government (Reuters: June 22)
To deal with polluted soil caused by overmining, industrial wastewater runoffs or excessive pesticide and fertiliser use, China is facing a clean-up bill that could reach as high as 1 trillion yuan, while 14.6 billion was allocated from 2016 until June 2017.

Green Bond

China Three Gorges announces its EUR-dominated green bonds issuance (CTG: June 6)
China Three Gorges Corporation has announced its first offshore green bond of €650m. Aligned with the Green Bond Principles, 2016, this green bond will raise proceeds for wind power plants of Project Meerwind in Germany and Project ENEOP in Portugal.

Tunghsu Azure Renewable Energy plans green bonds, unit to acquire property assets (Bloomberg: June 19)
Tunghsu Azure Renewable Energy says it plans to issue up to 2.0 billion yuan green bonds. Formerly known as Baoan Hongji Real Estate Group, this company develops real estate properties, primarily residential projects in China. 

Trend

Can the AIIB support Asia's energy revolution? (Chinadialogue: June 21)
AIIB released its Energy Sector Strategy during the second annual meeting in Jeju, Korea. The strategy will support low-carbon trasition of member countries as well as the Paris Agreement. Controversy remains on AIIB’s stance on coal power and its risk management performance.

Xi Jinping is set for a big gamble with China’s carbon trading market (New York Times: June 23)
The start of a national carbon trading market in China by late 2017 is on track, according to a greenhouse gas policy guide relased by the government. With the potential to create the world’s biggest emissions market, China’s carbon trading plan is not a sure bet to succeed.

China's 'clean coal' power: a viable model or cautionary tale? (Chinadialogue: June 27)
Beijing has set emissions and efficiency standards for coal power plants higher than EU and the US. Ultra-supercritical technology is also widely adopted. The government’s ‘clean coal’ initiatives still leave room for non-compliance among different plants and regions.

3 - Reports of the Month

Green Bonds Use of Proceeds-Trends and Best Practice Report
CBI: June 2017

The report examines current practice around post-issuance reporting of green funding and monitoring of green bond allocation, primarily in the corporate market, in line with initial commitments.

Download

Final Report: Recommendations of the Task Force on Climate-related Financial Disclosures
TCFD: June 2017

This report establishes recommendations for disclosing clear, comparable and consistent information related to climate change. Their widespread adoption will ensure that climate change become routinely considered in business and investment decisions. 

Download

 

Banking on Climate Change: Fossil Fuel Finance Report Card 2017
BankTrack: June 2017

This report card ranks bank policies and practices around financing of the most carbon-intensive, financially risky, and environmentally destructive sectors of the fossil fuel industry. It also explores bank failures when it comes to respecting human rights.

Download

Investment governance and the integration of environmental, social and governance factors
OECD: 2017

This paper examines how pension funds, insurance companies and asset managers approach ESG risks and opportunities in their portfolio investments, and whether current legal and regulatory frameworks encourage the integration of ESG factors.

Download

 

 

 

CONTENT

1- Topic of the Month
2- Monthly News Selection
3- Reports of the Month

语言

点击此处阅读本期在线中文版。

ABOUT US

China Green Finance Newsletter is a monthly newsletter developed by SynTao Green Finance. 

SynTao Green Finance provides tailored consulting, research and training services in environmental, social and governance (ESG) risk management, green finance product innovation, and other sustainable finance perspectives.

China Social Investment Forum

The Fourth China SIF Annual Conference Focuses on the Role of Investors in the Green Finance Wave
The Fourth China Social Investment Forum (China SIF) Annual Conference“Catching the Green Finance Wave: the role of investors”was held in Beijing on December 6, 2016. Participants had deep conversations on topics of establishing China's green investor network, green bond market development, green investment practices and green investment of insurance companies, etc. Read More

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