Societe Generale to issue first carbon asset pledge credit

April 2011, Fuzhou Minhou County Source Hydropower Co., Ltd. officially obtained the carbon Asset pledge loan from Xingye bank.　　This is the first in the country to the future of carbon assets as a pledge, no other mortgage guarantee conditions of the credit business, but also since last November, Societe Generale in the domestic first launched the Carbon asset pledge credit business since the first landing loans. It is reported that the Minhou Wang source 20 MW hydropower project as a CDM project was registered with the UN CDM board in June 2010, With an annual emissions reduction of 43,600 tonnes, the company has signed a deal on emissions reductions with a foreign buyer, Swedish carbon asset Management, which is expected to receive at least one carbon revenue per year, depending on the actual amount of carbon dioxide emissions the project produces each year.　　In order to revitalize the future of carbon assets, access to funds to optimize the operation of the small Hydropower project management, increase future emissions reduction, Xingyuan hydropower company to the Societe Generale application of the carbon asset pledge business, with future sales of carbon revenue as collateral, advance from the bank to obtain financial support. Societe Generale said that the carbon asset pledge credit business applies to our country has been registered with the United Nations CDM Board of the project. The business will not only help companies to activate their future carbon assets, in order to support the construction and operation of the project, at the same time, it is an important measure for commercial banks to use financial means to deal with the climate change by evaluating the carbon assets value of the project, helping the enterprises to improve the efficiency of CDM project operation and increasing the output of emission reduction. Responsible Editor: NF045