China Insurance: Innovative Green Financial Customization Platform

Opening remarks:

The prevention and control of air pollution in Beijing, Tianjin and Hebei is an important measure that attracts worldwide attention. In recent years, the Foreign Investment Department of the National Development and Reform Commission has been doing such a thing: making full use of the funds of international financial organizations to jointly control air pollution in Beijing, Tianjin and Hebei.

Significantly improving people's happiness in the blue sky is one of the overall goals of China's "Three-year Action Plan to Win the Blue Sky Defence War". What is unforgettable is that in 20 13, "smog" became the key word of the year. In September of that year, the State Council issued the Action Plan for Air Pollution Prevention and Control, and the Ministry of Environmental Protection subsequently issued the Detailed Rules for the Implementation of the Action Plan for Air Pollution Prevention and Control in Beijing, Tianjin and Hebei and its Surrounding Areas.

Under the overall planning and guidance of the National Development and Reform Commission, China's use of foreign capital to prevent and control air pollution in Beijing, Tianjin and Hebei has formed a troika pattern led by China Insurance's customized financial service platform, Huaxia Bank's standard financial service platform and China Energy Conservation Company's green technology service platform, which has provided a variety of flexible financial tools for smog prevention, accelerated the implementation progress of governance projects and improved the governance effect.

China Insurance: Innovative Green Financial Customization Platform

—— A series of reports on the prevention and control of air pollution by using foreign capital in Beijing, Tianjin and Hebei (I)

Because of the control of air pollution in Beijing-Tianjin-Hebei, an innovative project of utilizing foreign capital designed by the government, enterprises and international financial institutions-ADB loan "Investment and Financing Promotion Project for Air Pollution Prevention and Control Insurance in Beijing-Tianjin-Hebei Region" came into being.

It is understood that in order to cooperate with the Beijing-Tianjin-Hebei air pollution control and make full use of the funds of international financial organizations, the Foreign Investment Department of the National Development and Reform Commission began to negotiate and communicate with the Asian Development Bank from 20 14, and finally got the support of ADB. ADB will provide a special policy loan of no more than US$ 500 million every year from 2015 to 2020 to help China solve the air pollution problem that has long plagued the capital Beijing and its surrounding areas.

Under the guidance of the National Development and Reform Commission and the Ministry of Finance, China Investment and Financing Guarantee Co., Ltd., a holding subsidiary of China Development and Investment Group Co., Ltd., set up an ADB loan "Investment and Financing Promotion Project for Air Pollution Prevention and Control in Beijing-Tianjin-Hebei Region", established a green financial platform in the form of loans from financial institutions, comprehensively used various means such as credit enhancement, invested and financed to carry out special fund operation and management, supported and promoted the landing and implementation of air pollution control projects, and promoted the improvement of air quality in Beijing-Tianjin-Hebei region. This project is an innovative measure for utilizing foreign capital designed by the government, enterprises and international financial institutions, and it is also a concrete action for SDIC and China Insurance to implement the national strategy of "Beijing-Tianjin-Hebei coordinated development". The sovereign loan agreement and sub-loan agreement of this project were signed on May 25th, 20 17 and 17/0/7, respectively, and now they have entered the formal implementation stage, and all the work is progressing smoothly.

SDIC Beijiang Power Plant is located in Tianjin Binhai New Area. It is the first batch of national circular economy pilot units approved by the State Council in 2005. It is a subsidiary of SDIC Group and one of the most advanced thermal power plants in China. Its installation project is divided into two stages. The first phase of 2× 1000MW ultra-supercritical coal-fired unit was completed and put into operation on 20 10, and the second phase of 2×65438+ was completed and put into operation. The coal yard of the second phase project is a closed coal yard, while the coal yard of the first phase project was built earlier, which is an open strip coal yard and one of the pollution sources of pulverized coal dust.

In recent years, smog weather has continued to appear in the central and eastern regions of China. On 20 15, SDIC Beijiang power plant decided to completely transform the strip coal yard in the open air to completely solve the dust pollution problem in the coal yard. SDIC Beijiang Power Plant is supported by a loan from China insurance company ADB. The original strip coal yard in the first phase of the project was demolished, and two circular closed coal yards with a diameter of1.20m were built on the original site, and auxiliary facilities such as coal conveying trestle were built, so that the loading and unloading and transportation of raw coal were carried out in closed places, which significantly reduced the dust pollution generated during the use of raw coal. Now 1 block has been completed, and the second block is under construction. According to reports, the total investment of the project is 432 million yuan, and the ADB loan is 250 million yuan. After the completion of the project, it can reduce the emission of particulate matter by about 2452 tons per year, which has made certain contributions to improving the surrounding air quality.

Promoting coal reduction and substitution with green finance

The coal pollution in China has been very serious, which is related to the excessive dependence of China's energy structure on coal. The state has clearly put forward the task of "strictly controlling coal consumption and vigorously promoting coal reduction and substitution in key areas".

After the air pollution prevention insurance promotion platform was launched, the "coal control" business was taken as the key support area, and a series of coal reduction substitution projects were implemented in the target area. Under this project, PICC supported four central heating projects of Yili Jieneng Co., Ltd. in Guangrao, Jinxiang, Laoling and Laiwu, Shandong Province, with a support amount of 220 million yuan. By supporting high-efficiency and environmentally-friendly boilers to replace small boilers with high energy consumption, high pollution and low efficiency under 20 tons in industrial parks, clean and efficient utilization of coal will be promoted. After the project is put into production, it will reduce coal consumption163,000 tons, carbon dioxide emission of 407,000 tons, sulfur dioxide emission of 576 tons, particulate matter emission 15 1 ton and nitrogen oxide emission 190 tons every year.

In the aspect of air pollution prevention and control, the protection and promotion project actively responded to clean heating in northern China, and supported the promotion of "coal to electricity" and "coal to gas" projects. The project also supports Beijing Oasis Hande modular boiler central heating project and Hebei Lihua mobile gas station construction project, with a support amount of 42 million yuan, which will reduce coal consumption by nearly 1.7 million tons and carbon dioxide emissions by about 80,000 tons every year.

Advocate green transportation and travel with green funds.

Green travel, green transportation, especially green public transportation, have the dual significance of energy saving and emission reduction and solving road congestion, and are paid more and more attention by governments at all levels and social stakeholders. After the establishment of the air pollution prevention and control insurance promotion platform, it has been actively explored and laid out in the field of green transportation. At present, it has completed a loan of 30 million yuan to Beijing Bafangda Bus Company to provide financial support for its purchase of electric buses, and made initial progress with the entrusted loan project of renting new energy vehicles with Shouqi.

Financial institutions, local governments and guarantee institutions have joined hands to expand new fields.

Winning the blue sky defense war requires the participation and efforts of all sectors of society. In order to give full play to the role of the insurance promotion platform in the prevention and control of air pollution and realize the leverage amplification function of ADB funds, PICC cooperated with many financial institutions such as Bank of Beijing, Industrial and Commercial Bank of China and Shanghai Pudong Development Bank to support low-carbon projects through credit enhancement, lending and joint financing. As the president of China Financing Guarantee Association, PICC has also contacted some provincial and municipal governments and local guarantee institutions, such as Shandong, Hebei, Shanxi and Shanghai, explored multi-party cooperation mode, increased support for green and low-carbon development projects focusing on small and medium-sized enterprises, and strengthened the construction of credit system for small and medium-sized enterprises. On the one hand, small and medium-sized enterprises can take care of their own growth, and at the same time slow down the climate change in Beijing, Tianjin and Hebei and surrounding areas. On the other hand, it is also conducive to identifying projects and controlling risks, realizing the safe investment and recycling of ADB funds, and improving the efficiency of use.

China Insurance Company, as an air pollution prevention insurance promotion platform supported by ADB funds, strictly abides by the rules of international financial institutions and effectively manages its operation and exchange rate risks. In order to meet these challenges and ensure the smooth implementation of the air pollution prevention and control insurance promotion project, China Insurance Company established the ADB project business center, and matched experienced team members while actively obtaining external resources. In terms of project undertaking and risk control, on the basis of the existing demonstration model, it is planned to set up a special low-carbon project demonstration Committee separately; In order to strengthen refined management, PICC has also developed a separate ADB project information management system for information processing, publishing, management and online monitoring of ADB projects. At present, all the work is progressing smoothly.