According to the report, in order to achieve the goal of carbon neutrality, from 2020 to 2060, it is estimated that the total amount of green financing needed by China's power, steel, transportation, construction and real estate industries will be about 140 trillion yuan, that is, the average annual capital demand will exceed 3.5 trillion yuan. Vigorously developing financial innovation and supporting major scientific and technological progress are the key to achieving net zero emission in China.
"One of the challenges of China's green transformation is the funding gap. One of the key reasons is the mismatch of funds, including the mismatch of financing instruments, transaction structure and financing period. " The report believes that low data granularity and quality, lack of clear policy support and supply chain cooperation are also key challenges that need to be overcome in the network zero transformation.
The report focuses on the technological breakthroughs and financing needs of three high-carbon emission industries: transportation, construction, real estate and steel.
For example, from 2020 to 2060, the steel industry faced a funding gap of about 3-4 trillion yuan in the field of steelmaking process optimization, accounting for half of the green financing gap of the entire steel industry. If compact steel equipment can be widely used, scrap steel can be used as raw material, and electric furnaces with shorter process flow and lower emission can be used, and the carbon emission of steel industry can be reduced by about 8- 10% by 2060. Considering that the steel industry accounts for 65,438+03% of China's carbon dioxide emissions (according to the data of the International Energy Agency), the application of this technology will make a considerable contribution to the net zero goal.