CICC was invited to join the Carbon Neutral Action Alliance

2021-07-16Corporate News

On July 16, the National Carbon Emission Right Trading Market was officially launched, including more than 2,000 power generation enterprises, covering more than 4 billion tons of carbon dioxide emissions. This means that the market will become the world's largest carbon market with the highest greenhouse gas emissions. In this background, the "Carbon Neutral Action Alliance" led by the Shanghai Environment and Energy Exchange was officially established so as to regulate carbon neutral standards and boost the realization of carbon neutrality among enterprises. CICC was invited to join the alliance and serve as one of the first members in the Standing Committee.

This is another concrete practice done by CICC to better serve China's "carbon peak and carbon neutrality" goals, integrating the concept of green finance into business development, and it also provides insights and suggestions for low-carbon transformation.

In the future, the "Carbon Neutral Action Alliance" will provide standards-setting advice for the countries in the field of carbon neutrality, and integrate the views of members and experts to make policy recommendations to the relevant authorities.

CICC will also actively organize activities within the alliance. As a standing member, CICC will be closely in touch with the traders of the Shanghai Environment and Energy Exchange as well as the member companies inside the alliance in order to engage in further cooperation, bridge the upstream and downstream sectors of the industry chain, as well as create a carbon-neutral ecosystem. At the same time, we must not forget where we started and put the country first. By giving full play to our own resources and advantages as leading investment bank in China and taking the alliance as a platform, CICC will push for the building of the national carbon market, accelerate the promotion and application of carbon neutral technology, and support the high-quality development of the real economy. In this way, we will be able to facilitate the transformation and upgrading of enterprises and boost the realization of the dual-carbon goals.