\n<\/p>\n
NANJING, CHINA –\u00a0Media OutReach<\/a>\u00a0–\u00a029 July
Made three days after the launch of China’s
\u00a0<\/p>\n
The agreement is a strategic move by RGE in
\u00a0<\/p>\n
At the signing ceremony, Lin Bo, a top official
Since its entry into China, RGE has been focused
\u00a0<\/p>\n
Since its entry into China in the 1990s, RGE
\u00a0<\/p>\n
Presently, the operations of Sateri, Asia
\u00a0<\/p>\n
Industry experts have suggested that the
NANJING, CHINA –\u00a0Media OutReach\u00a0–\u00a029 July
2021 – Royal
Golden Eagle (RGE) and Bank of Communications (BCM) Jiangsu Branch have entered
into the Cooperation Agreement on Carbon
Emission Trading Funds Custody in Nanjing.
Made three days after the launch of China’s
national carbon emission trading market, the agreement is China’s first carbon
asset custody …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16613"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=16613"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16613\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=16613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=16613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=16613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n2021 – Royal
\nGolden Eagle (RGE) and Bank of Communications (BCM) Jiangsu Branch have entered
\ninto the Cooperation Agreement on Carbon
\nEmission Trading Funds Custody<\/i> in Nanjing.<\/p>\n
\n
<\/p>\n
\nnational carbon emission trading market, the agreement is China’s first carbon
\nasset custody business between a financial institution and a multinational
\ncorporation. The agreement will bring into full play the role of carbon
\nemission trading as a bridge and engine between financial capital and the real
\neconomy.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\npartnering the banking sector to facilitate China’s efforts to achieve carbon
\npeak by 2030 and carbon neutrality by 2060. Under the agreement, RGE will open
\na dedicated account for carbon emission trading settlement with BCM to handle
\nall its carbon emission transactions in China. The account will be under the
\nsupervision and custody of BCM. <\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nof the Party Committee of BCM Jiangsu Branch, said that BCM remains committed
\nto promoting the development of real economy through financial innovation. The
\ncustody agreement will further deepen the business relationship between both
\nparties in fixed asset loans, cross-border supply chain financing and green
\nfinance. Moving forward, BCM will continue to leverage its advantages in international
\nand integrated operations to enhance business support for RGE.<\/p>\n
\n
<\/p>\n
\non sustainable development and announced a target 30% reduction in carbon
\nemissions in China by 2030, said Shu Langen, Vice President of RGE China. The
\ncooperation will enable RGE to increase carbon asset management efficiency and
\nachieve its emission reduction target. This marks a new strategic move by RGE
\nto actively participate in carbon emission trading and help bolster China’s
\ncarbon peak and neutrality goals.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nhas invested over RMB 60 billion (USD 9.3 billion) in Beijing, Shandong,
\nJiangsu, Shanghai, Chongqing, Jiangxi, Fujian, Guangdong, and other provinces
\nand cities. Its business groups Sateri (Fujian) Fiber Co., Ltd., Asia Symbol
\n(Guangdong) Paper Co., Ltd., and East Asia Power (Xiamen) CCGT Power Plant have
\nfor many years been involved in the pilot carbon market of their respective provinces.
\nFounded by Sukanto Tanoto, RGE manages a global group of companies in resource
\nmanufacturing.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nSymbol, and Pacific Oil & Gas (PO&G) are included in the national
\ncarbon market. For instance, all of Sateri operations have completed carbon emission
\nverification work and will participate in the national carbon market. Sateri
\nestablished a carbon management committee to promote energy efficiency, while carbon
\nemission rates have since continued to record declines every year. Sateri remains
\non track to achieve 30% carbon emission reduction by 2030 and net zero
\nemissions by 2050.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nsigning of the cooperation agreement, following the launch of China’s national
\ncarbon emission trading market, and the offer of professional custody services
\nby commercial banks can guide companies to play an exemplary role in carrying
\nout carbon emission trading compliantly and efficiently, spurring the
\nimprovement of the national carbon market.<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"