China Energy Issues China's First International Climate Bond

The first batch of medium term green notes issued by GD Power Development Co., Ltd. of China Energy Investment Corporation (China Energy) in 2021 was recognized as a Certified Climate Bond, the Climate Bond Initiative (CBI) announced on April 4.

It is China's first international climate bond and its first carbon-neutral bond issued by a Chinese non-financial institution to obtain both domestic and international certification.

Certification of China's first international climate bond issued by GD Power Development Co., Ltd. [Photo/sasac.gov.cn]

Certification of the bond was a result of the unification of Chinese and international standards to promote peak carbon dioxide emissions by 2030 and carbon neutrality by 2060 through green finance.

The CBI is a non-profit and investor-focused institute committed to climate change solutions.

A crucial player in the international green climate bond market, it bridges banks, project developers and governments with the bond market, assists with decision making related to climate change and helps lower investment costs in the field.

GD Power Development Co., Ltd. has flagged low-carbon and green development as a main component of its transformation. Based on the spike of clean energy projects, the company intends to boost green reform of traditional energy enterprises and contribute to the goal of carbon neutrality.

A view of a China Energy's wind farm in North China's Inner Mongolia Autonomous Region [Photo/sasac.gov.cn]

A view of China Energy's Zhoushan Offshore Wind Farm in East China's Zhejiang Province [Photo/sasac.gov.cn]

A view of the Yinzhou Baiyanshan wind farm in Ningbo, Zhejiang [Photo/sasac.gov.cn]

(Executive editor: Wang Ruoting)