On May 25, sponsored by the people's Government of Hubei Province, Shanghai Stock Exchange, Shenzhen Stock Exchange and National small and medium-sized Enterprise share transfer system Co., Ltd., the Yangtze River Capital Conference and the 12th China Wuhan Financial Expo hosted by Changjiang Securities Co., Ltd. was held in Wuhan. According to the meeting, Wuhan will set up a green and low-carbon industry guidance fund to promote capital gathering in green industries.

Industry experts said that China will achieve carbon peak by 2030 and carbon neutrality by 2060. Green and low carbon will become the main theme of economic and social development, and the financial industry as a capital tool is bound to be in line with "green. In the future, green and low-carbon industries such as new materials, new energy and new equipment for environmental protection and energy saving will inevitably become the key service areas of "green finance.

"If the finance is active, the economy is active, and if the finance is strong, the economy is strong. As one of the first batch of "carbon finance"-carbon emissions trading pilot provinces, Hubei Province has made remarkable achievements in promoting carbon reduction and green development.

Data show that since 2011, a total of 373 enterprises have been included in the carbon market in Hubei Province, all of which are industrial enterprises with an annual energy consumption of more than 10000 tons of standard coal, with a total emission of 0.273 billion tons, accounting for about 45% of Hubei's carbon emissions. Involving 16 industries such as electric power, steel, cement and chemical industry, accounting for 70% of the province's secondary industry output value, the province's cumulative carbon emissions turnover reached 0.347 billion tons, with a turnover of 8.139 billion yuan, the scale of transactions, the introduction of social capital, enterprise participation and other indicators ranked first in the country.

At present, the carbon sequestration building in Wuhan is being renovated, and financial institutions such as Hubei carbon emissions trading center will be officially stationed in the near future. The national carbon emission registration system located here will also be traded online by the end of June. In 2021, the trading volume of China's carbon trading market is expected to reach 0.25 billion tons, three times the total trading volume of the pilot exchange in 2020.

Focusing on the important opportunity for the national carbon emission rights registration system to settle in Hubei, Hubei will promote the establishment of a comprehensive service platform for green and low-carbon industries. As the provincial capital of Wuhan, it is bound to become one of the foreign exchange windows of China's carbon trading in the future. This time, the city takes advantage of the "carbon east wind" and proposes to initiate the establishment of Wuhan green low-carbon industry guidance fund, which will not only help to polish the green background of the city brighter, but also hope to create a 100 billion level low-carbon industrial cluster.

According to reports, the proposed Wuhan Green Industry guidance Fund, on the one hand, will focus on supporting the promotion and application of green and low-carbon new technologies, new products, and new equipment, and vigorously develop new materials, new energy and other emerging environmental protection and energy-saving industries; on the other hand, it will step up efforts to provide financial support for local iron and steel, building materials, chemical industry and other traditional advantageous industries to help enterprises further accelerate the pace of carbon reduction and decarbonization. In the next step, Wuhan will also build an "online and offline" green financial service center to support financial institutions registered in Wuhan to give priority to investment in the transformation of scientific and technological achievements and urban renewal of Wuhan, give all-round support to regional financial headquarters, reward newly established and newly relocated equity investment enterprises, and implement targeted measures for developing inclusive financial institutions. Personalized preferential policies will be given to senior executives of newly established or newly introduced financial institutions.

It is reported that the Hubei Hongtai High-quality Development Fund, established by the Hongtai Fund in September last year, has taken the lead in laying out low-carbon business in Hubei. A number of high-quality projects in the fields of new materials and new energy, intelligent manufacturing of basic equipment, power equipment, and new generation information technology have been identified as target customers. In June this year, Hubei Hongtai High Quality Development Fund with a total scale of 30 billion yuan will officially land.