Since the proposal of China’s “double carbon” goal, the concepts and policies of green finance have been launched one after another, and Bank Of China Limited(601988) is also exploring the layout of the carbon market.
In November 2021, the Shenzhen municipal government issued the work plan for the construction of Shenzhen carbon inclusive system, which proposed that based on the new development stage, with “low-carbon rights and benefits for the public” as the core, the energy-saving and carbon reduction behaviors of community families and individuals should be quantified and endowed with certain value, and the low-carbon behavior data platform should be interconnected with the carbon trading market platform to form a lasting First demonstration in the field of universal green lifestyle to create a model of green development in Shenzhen.
Recently, China Citic Bank Corporation Limited(601998) carried out cooperation and exchange with Shenzhen emission rights exchange and Shanghai Environment Group Co.Ltd(601200) energy exchange, and jointly developed with China Huixin Carbon Asset Management Co., Ltd., the first personal carbon account launched under the leadership of Bank Of China Limited(601988) .
China Citic Bank Corporation Limited(601998) announced that the internal beta version of “CITIC carbon account” launched for individual users was launched online, and thousands of users were publicly invited to participate in the test experience.
The internal beta version of “CITIC carbon account” automatically collects personal low-carbon behavior data under different life scenarios through user authorization, and accumulates personal carbon emission reductions through scientific measurement methods, so as to encourage users to practice the concept of green and low-carbon life.
It is reported that every year China Citic Bank Corporation Limited(601998) credit card users can reduce carbon emissions by more than 2 million tons through low-carbon behavior in online financial services. There is a huge market potential for carbon emission reduction in the future.
The carbon reduction of “CITIC carbon account” adopts the carbon emission reduction methodology recognized by the third-party authority, which is reviewed and recognized by experts organized by Shanghai Environment Group Co.Ltd(601200) energy exchange. Based on energy-saving and emission reduction scenarios such as green travel, green consumption and green life, users can record and query personal carbon emission reduction data in real time.
At the same time, “CITIC carbon account” adopts big data real-time computing technology to calculate the carbon emission reductions of various life scenes in real time according to the continuously iterative and optimized emission reduction factor model, and supports the carbon emission reductions of low-carbon scenes such as subway green travel and living payment, so as to accurately reach, so that users can get a fast and smooth new experience of green life.
In order to ensure the data security of users, “CITIC carbon account” adopts the combined application of AAAS open ecology + state secret algorithm. The whole process of data encryption can be realized based on the API of the green partner, and the data can be protected seamlessly and protected to the user at the same time.
In addition, banks have also tried to open personal carbon accounts.
In November last year, Shanghai Pudong Development Bank Co.Ltd(600000) announced the comprehensive upgrading of the green financial service system and took the lead in launching a carbon account system suitable for enterprises and individuals. Carbon accounts advocate and encourage carbon reduction actions of enterprises and individual customers mainly in the form of carbon credits.
At the beginning of March this year, the working group on the implementation of financial technology innovation regulatory tools in Beijing also publicized the latest batch of innovative applications to the public: China Construction Bank Corporation(601939) declared “personal financial services based on ‘carbon ledger”. The main service objects of “personal financial services based on carbon ledger” are China Construction Bank Corporation(601939) individual customers. The user scope and service scale are reasonably determined according to the principle of risk control, and it is expected to serve 1 million individual customers per year.
