On September 22, 2020, President Xi Jinping proposed in the general debate of the 75th session of the United Nations General Assembly that "China will increase its independent national contribution, adopt more vigorous policies and measures, strive to peak CO2 emissions by 2030, and strive to achieve carbon neutrality by 2060", referred to as The "3060 Target". The goal of carbon peaking and carbon neutrality is not only an important milestone in the journey of building a beautiful China, but also a new starting point for China's continuous struggle toward the ultimate realization of a comprehensive ecological civilization. Green finance, as an important link in the construction of ecological civilization, will play a huge role in promoting the way of economic development and the adjustment and transformation of industrial structure.
On June 10, the green finance business seminar "Accelerate the development of green finance, help carbon reach peak and carbon neutral", which was guided by the Hefei Central Branch of the People's Bank of China, hosted by the Anhui Finance Society and specifically organized by Industrial Bank Hefei Branch, officially kicked off. The leaders of Hefei Central Sub-Branch of People's Bank of China, Hefei Sub-Branch of Industrial Bank, as well as leaders of local governments and representatives of outstanding enterprises were invited to attend the meeting and made important speeches.
At the meeting, Mr. Xu firstly expressed his deep gratitude to Industrial Bank for helping Yuanchen Technology to build the goal of big health industry chain during the epidemic, realizing the fast loan fund up to 100 million yuan and helping to prevent the epidemic together to make significant support. He pointed out that since 2005, Yuanchen Technology has been committed to the research, development and industrialization of new environmental protection materials, contributing its own modest efforts to the early achievement of the double carbon goal. In the field of energy saving, the company has saved about 400,000 tons of standard coal, which is equivalent to about 800,000 tons of carbon dioxide emission reduction by means of high efficiency and low resistance of filter media products, low temperature catalyst of steel sintering machine, and photovoltaic power generation and peak-shaving and valley-filling energy system establishment. In the field of emission reduction, the company's annual output of filter bags can reduce the emission of particulate matter by about 11,700 tons, which is equivalent to saving 250,000 tons of standard coal, equivalent to reducing 520,000 tons of carbon dioxide. Denitrification catalyst products can reduce the emission of nitrogen oxides by 197,100 tons per year. In the field of resource recycling, our company has actively carried out the collection, storage and utilization of waste denitrification catalysts since we obtained the HW50 waste catalyst hazardous waste operation license in December 2015. At present, 13,000 tons of retired denitrification catalysts have been disposed of, equivalent to saving 18,200 tons of standard coal and reducing 48,600 tons of carbon dioxide. The company intends to invest 1 billion yuan in the construction of Yuanchen Technology New Materials Recycling Industrial Park in Hefei Xinzhan High-Tech Industrial Development Zone. According to the estimation, after this project reaches production, the industrial catalyst capacity will be expanded by 2 times, and after the waste catalyst project reaches production, the capacity will be expanded by 30 times, and the company's operating income and profit will have a substantial growth.
At the same time, the company, combined with its main products, currently has research in hydrogen fuel cell catalyst, proton exchange membrane and methanol catalyst prepared by CO2 hydrogenation, and has formed a strategic development plan and landing deployment in carbon monitoring and carbon verification.
Mr. Xu emphasized that the development of the enterprise cannot be separated from the support of the government. We hope that the government will introduce more resources for the innovative development of enterprises, in terms of advanced technology and successful experience sharing, and encourage regions with conditions to reach the peak in advance and leave time and space for the lagging regions to reach the emission peak in order according to the different industries, such as power plants, iron and steel, cement and other high-emission fields to take the lead in reaching the peak. At the same time, the introduction of corresponding incentives and penalties policy, effectively increase the green financial resources tilt and service innovation, integration of resources to support green low-carbon projects in the environmental protection industry.
Emission peak and carbon neutral are the goals set by China in the international and domestic context, and are solemn commitments made to the international community after considering ecological civilization and economic development, which are of great significance to the global response to climate change and the high-quality development of China's economy. At the end of the event, the leaders went up to the stage to launch the "Accelerate the Development of Green Finance Initiative in Anhui Province", so that everyone reached an agreement and formed an alliance: "Accelerate the development of green finance, help to achieve carbon neutrality", and jointly guard the green mountains of our country!
