Tianjin's first "Transformational Finance + Carbon Quota Compliance" dual-linked certification loan has been implemented

2026-02-23 14:44:20

Recently, under the guidance of the Tianjin Branch of the People’s Bank of China and the Tianjin Local Financial Supervision Bureau, Tianjin Binhai Rural Commercial Bank successfully issued the city’s first “Transformation Finance + Carbon Quota Compliance” dual-linked certified loan to Tianjin Xintian Steel United Special Steel Co., Ltd. This “Transformation Finance + Carbon Quota Compliance” dual-linked certified loan amounts to 50 million yuan and is specifically used for enterprise system energy efficiency improvements and clean energy substitution, in accordance with the People’s Bank of China’s “Directory of Transformation Finance Supporting Economic Activities (Steel Industry)” (draft for trial implementation) technical pathway requirements. The dual-linked indicators are “unit product carbon emission intensity” and “carbon quota compliance status.” To ensure effective transformation, the bank engaged a third-party professional organization to monitor and verify the completion of these indicators during the loan period, with an expected reduction of 175,400 tons of carbon dioxide emissions.

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