Climate financing platform facilitates low-carbon goal

Rendering of a local industrial project, which benefits from the Chongqing climate financing and investment platform. [Photo/liangjiang.gov.cn]

Zheng Yanghua, head of the ecology and environment bureau of Liangjiang New Area, highlighted the Chongqing climate financing and investment platform as a critical policy instrument, further releasing the social capital potential on July 12, which was the National Low Carbon Day, at a themed work session in Southwest China's Chongqing municipality.

Featuring close government-bank-enterprise collaborations and based in Liangjiang, the platform is the first of its kind in the municipality under the supervision of environmental protection departments. It is conducive to improving climate financing and investment supervision mode and addressing investment risks.

Enterprises searching for financing channels can register on the platform and submit applications to banking institutions, which can select appropriate enterprises for further business negotiation via the platform.

Currently, there are 14,814 firms registered in the platform, and the new area has successfully promoted the signing of 16 climate financing and investment projects, which will significantly contribute to the reduction of carbon dioxide emissions.

As a national low-carbon trial zone, Liangjiang is also experimenting with establishing an all-for-one carbon account system supported by carbon financing and transaction.