Shanghai Securities News learned that recently, the country’s first grassland carbon sequestration remote sensing index insurance successfully landed in Baotou city. Grassland carbon sequestration remote sensing index insurance is a green financial innovation product jointly completed by China Pacific Insurance (Group) Co.Ltd(601601) property insurance under China Pacific Insurance (Group) Co.Ltd(601601) based on grassland carbon sequestration principle and remote sensing data analysis, and joined hands with Shanghai Environment Group Co.Ltd(601200) energy exchange professional carbon sequestration value evaluation, so as to provide grassland carbon sequestration green ecological risk guarantee for farmers and herdsmen in Damao Banner, Baotou city.
In addition, Beijing Jiage Tiandi Science & Technology Co.Ltd(600582) Co., Ltd. provides third-party grassland carbon sequestration remote sensing assessment services for farmers and herdsmen insured this time, so as to jointly promote the high-quality development of grassland carbon sequestration ecology.
It is understood that grassland carbon sequestration insurance uses remote sensing technology to evaluate the annual growth of grassland, and innovatively design the insurance scheme with reference to grassland carbon sequestration methodology and grassland growth principle. The landing of grassland carbon sequestration remote sensing index insurance is an innovative exploration of China Pacific Insurance (Group) Co.Ltd(601601) property insurance to actively support the construction of forest and grass carbon sequestration pilot area in Baotou City, and also prepare for the subsequent listing of grassland and other varieties in CCER market, carbon trading and carbon financial services.
At present, China’s carbon market has grown into the second largest carbon market in the world with quota trading volume. Shanghai Environment Group Co.Ltd(601200) energy exchange is a strategic partner of China Pacific Insurance (Group) Co.Ltd(601601) property insurance. The two sides carried out product and service innovation around carbon assets, carbon trading and carbon ecology, which was released at the summit forum of the fourth China International Fair. Grassland carbon sequestration remote sensing index insurance is another innovative exploration for the two sides to deepen strategic cooperation and serve the green economy. The two sides will continue to promote the innovation of carbon financial instruments and serve the national dual carbon economy.
