Environmental protection, carbon peaking and carbon neutrality, and policies
France unveils an updated version of its National Hydrogen Strategy: toLow-carbon hydrogen production capacity will be increased to 10GW by 2035
France has published the first draft of an updated National Hydrogen Strategy, which is currently open for public comment. France plans to build 65GW of low-carbon hydrogen capacity could be increased to 10GW by 2035. The production capacity comes from France's low-carbon power hybrid, nuclear and renewable energy, depending on the choice of each plant, which is consistent with the principle of technology neutrality between renewable and low-carbon hydrogen.
The document confirms that France will invest €4 billion in subsidies over the next three years to support the deployment of 1GW of electrolysis capacity. France** plans to invest nearly €9 billion by 2030 to support the deployment of decarbonized hydrogen. These subsidies will be provided in the form of operating subsidies, calculated in part on the cost differential between grey hydrogen (including carbon**) and low-carbon hydrogen.
, announced by the United KingdomA "carbon tariff" will be introduced from 2027
On December 18, local time, the United Kingdom** officially announced that it will implement the British Carbon Border Adjustment Mechanism (CBAM) from 2027. The initial product categories include aluminum, cement, ceramics, fertilizers, glass, hydrogen, and steel. The CBAM mechanism refers to the setting of a carbon price for some high-emitting products in an economic region, and if the carbon price paid by the imported product in the country of origin is lower than the carbon price paid by similar products in the economic region, the importer needs to pay a certain fee for the difference. As a result, the CBAM mechanism is also commonly known as the "carbon tariff".
3. The state has carried out technical research on the recycling of retired wind power
On December 19, Li Chao, a spokesman for the national press conference, said that it will make precise efforts in scientific and technological innovation, financial support, and cultivation models, and solve the difficult and blocking problems that restrict the efficient recycling of retired wind power and photovoltaic equipment. Focus on strengthening scientific and technological innovation. We will promote the R&D of recycling technologies for retired wind power and photovoltaic equipment into the relevant key projects of the national key R&D plan, carry out key and difficult technical research such as high-value utilization of retired wind power and photovoltaic equipment, and promote the application of advanced technology at the same time.
esgFinance
Hankou Bank is the first to launch the Green Unbounded Credit Card for New CitizensFacilitate innovation in green financial instruments
With the increasing complexity of economic globalization, sustainable and green economic development has become a common direction for the whole world. In order to achieve the goal of peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060, green finance plays a key role as an important financial tool. In this context, Hankou Bank innovated financial products, expanded green financing channels, and launched the first green unbounded credit card for new citizens in Hubei banking industry with the theme of "Yangtze River Protection" and featuring "One City, One Card".
With the increasing complexity of economic globalization, sustainable and green economic development has become a common direction for the whole world. In order to achieve the goal of peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060, green finance plays a key role as an important financial tool. In this context, Hankou Bank innovated financial products, expanded green financing channels, and launched the first green unbounded credit card for new citizens in Hubei banking industry with the theme of "Yangtze River Protection" and featuring "One City, One Card".
Social practices and corporate trends
Abu Dhabi Investment AgencyUS$2.2 billion subscription for NIO's equity
On December 18, NIO announced that it has signed a new share subscription agreement with Abu Dhabi investment institution CYVN Holdings, under which CYVN Holdings will invest US$2.2 billion in NIO in cash through its subsidiary, CYVN Investments. In July this year, CYVN completed a strategic investment totaling about US$1.1 billion through a private placement of new shares and the transfer of old shares.
2. State Power Investment CorporationThe 3.1 million kilowatt wind power project was put into operation in Inner Mongolia
On December 18, the 3.1 million kilowatt wind power project of Inner Mongolia Company was officially put into operation, which is the first batch of national large-scale wind and solar bases. With the commissioning of the project, by the end of 2023, Inner Mongolia's installed capacity of new energy in operation will exceed 7 million kilowatts, doubling from 2022, and the proportion of new energy installed capacity will exceed 50%.