In the third quarter of 2024, with the support of carbon reduction support tools, the Bank of Qingdao granted a total of 90 million yuan in carbon reduction loans to 2 projects, with a weighted average loan interest rate of 3.87%, resulting in an annual carbon reduction of 82,922.16 tons of carbon dioxide equivalent.
On November 27, the Financial Association reported (Reporter Peng Kefeng) that the banking industry has an unshakable responsibility to support the "dual carbon" economy.
On November 26, the Bank of Qingdao officially disclosed information about its carbon reduction loans in the third quarter of 2024 on its official website. According to the Bank of Qingdao, it has issued carbon reduction loans totaling 198 million yuan this year, with a weighted average loan interest rate of 3.91%, leading to an annual carbon reduction of 87,208.81 tons of carbon dioxide equivalent.
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The Financial Association reporter found that from the situation of listed banks, the Bank of Qingdao is likely the first A-share listed bank to disclose third-quarter carbon reduction loan data this year. Additionally, based on past information, since the central bank implemented the carbon reduction support tool, about 30 banks have now disclosed relevant information about carbon reduction loans on their official websites quarterly.
However, it is worth noting that the disclosure times for these banks' carbon reduction loans are not consistent. For example, the Bank of Jiujiang only announced information about its third-quarter carbon reduction loans for 2023 in January of this year. Furthermore, on October 10 of this year, the Industrial and Commercial Bank of China only disclosed its carbon reduction loan information for the second quarter of 2024.
Loans amounting to 0.198 billion yuan, the Bank of Qingdao reports the latest data on carbon reduction loans for the year.
Yesterday, the Bank of Qingdao released an announcement regarding the disclosure of information on carbon reduction loans for the third quarter of 2024 on its official website.
The Bank of Qingdao pointed out that in the third quarter of 2024, the bank, supported by carbon reduction tools, issued a total of 90 million yuan in carbon reduction loans to 2 projects, with a weighted average loan interest rate of 3.87%, resulting in an annual carbon reduction of 82,922.16 tons of carbon dioxide equivalent. The project with the most significant carbon reduction effect is the biomass cogeneration project of Yishui Dadi Corn Development Co., Ltd.
In this year, the bank of qingdao issued a total of 198 million yuan in carbon emission reduction loans to 3 projects, with a weighted average interest rate of 3.91%, resulting in an annual carbon reduction of 87,208.81 tons of carbon dioxide equivalent. Since receiving support from the carbon emission reduction support tool, the bank of qingdao has issued a total of 449 million yuan in carbon emission reduction loans to 4 projects, with a weighted average interest rate of 4.13%, leading to an annual carbon reduction of 96,420.64 tons of carbon dioxide equivalent.
Recently, multiple banks have continuously disclosed carbon emission reduction-related data.
According to statistics from the Financial Alliance reporter, several non-listed banks have also disclosed related data recently.
On October 14, tianjin rural commercial bank stated on its official website that in the third quarter of 2024, it did not issue any new carbon emission reduction loans. In this year, tianjin rural commercial bank has not issued any new carbon emission reduction loans. Since receiving support from the carbon emission reduction support tool, tianjin rural commercial bank has issued a total of 200 million yuan in carbon emission reduction loans to 1 project, with a weighted average interest rate of 3.95%, resulting in an annual carbon reduction of 70,670 tons of carbon dioxide equivalent.
On November 21, guilin bank announced that in the third quarter of 2024, there were no new carbon emission reduction loans issued. Since receiving support from the carbon emission reduction support tool, guilin bank has issued a total of 648.4228 million yuan in carbon emission reduction loans to 9 projects, with a weighted average interest rate of 4.27%, resulting in an annual carbon reduction of 197,022.10 tons of carbon dioxide equivalent.
On November 25, fujian strait bank stated on its official website that in the third quarter of 2024, under the support of the carbon emission reduction support tool, it issued a total of 25.1036 million yuan in carbon emission reduction loans to 4 projects, with a weighted average interest rate of 3.94%, resulting in an annual carbon reduction of 6,417.61 tons of carbon dioxide equivalent.
Fujian strait bank also introduced that in this year, it has issued a total of 128.7436 million yuan in carbon emission reduction loans to 11 projects, with a weighted average interest rate of 4.13%, resulting in an annual carbon reduction of 31,638.21 tons of carbon dioxide equivalent. Since receiving support from the carbon emission reduction support tool, fujian strait bank has issued a total of 314.1522 million yuan in carbon emission reduction loans to 16 projects, with a weighted average interest rate of 4.04%, resulting in an annual carbon reduction of 67,125.35 tons of carbon dioxide equivalent.
Recent statistics released by the people's bank of china show that at the end of the third quarter of this year, the balance of domestic and foreign currency green loans was 35.75 trillion yuan, a year-on-year increase of 25.1%, with a growth rate 17.5 percentage points higher than that of all loans, and an increase of 5.67 trillion yuan in the first three quarters. Loans directed towards projects with direct and indirect carbon reduction benefits amounted to 11.86 trillion and 12.04 trillion yuan respectively, accounting for 66.8% of green loans.