Research On Innovative Carbon Footprint Credit Products Of Commercial Banks Under The Background Of Carbon Neutrality

In September 2020,the president announced at the general debate of the 75 th United Nations General Assembly that China is committed to reaching the peak of carbon dioxide emissions by 2030 and achieving carbon neutralization by 2060.The realization of the goal of carbon neutralization has become an urgent task for China at this stage.As an important means to realize resource allocation and credit structure adjustment,green credit will play an important role in the process of carbon neutralization.The process of carbon neutralization is the process of achieving net zero emissions,so it is inseparable from the calculation and disclosure of carbon emissions.However,at present,most enterprises in China have not calculated and disclosed their carbon emissions,and commercial banks have not taken relevant measures to encourage enterprises to disclose environmental information.The existing green credit products of commercial banks are still in a blank field in terms of environmental information disclosure and carbon footprint,which will not be conducive to the realization of carbon neutralization goal.Based on this,by combing the current situation of green credit product innovation of China’s commercial banks and the policies of carbon peak carbon neutralization on the requirements of green credit,this thesis creatively puts forward carbon footprint credit products: banking financial institutions provide credit support to enterprise legal persons or individuals in line with the provisions of national industrial policies,and give preferential low interest rates,The interest rate of the loan is linked to the carbon footprint of enterprises,projects and individuals that receive financial support.If enterprises or individuals can reduce their carbon footprint below expectations,banks will reduce loan interest rates;If the carbon footprint cannot be reduced to the target promised by the enterprise or individual,the bank will raise the loan interest rate.The range and direction of interest rate fluctuation depend on the performance of the enterprise or individual carbon footprint.By combing the development of green credit,relevant policies and existing types of green credit products of China’s commercial banks,combined with the background of carbon neutralization,this thesis finds out the shortcomings of green credit products of China’s commercial banks.Combined with how green credit should play an important role in the context of carbon neutralization and the importance of environmental information disclosure to achieve carbon neutralization,it is proposed that commercial banks should launch carbon footprint credit products.Secondly,it makes a qualitative analysis on the necessity and feasibility of carbon footprint credit products,makes a quantitative analysis on the feasibility by using game theory,and puts forward measures to improve the enthusiasm of carbon footprint credit transactions in combination with the formula: on the one hand,banks should be allowed to have more automatic rights in the pricing of carbon footprint loan interest rate,so as to ensure the operating profit of banks,At the same time,increase the punishment for illegal lending by banks and pollution by enterprises,and increase the cost of illegal lending by enterprises;On the other hand,in order to ensure the sustainability of the policy,it is not appropriate to give excessive financial incentives to banks to carry out carbon footprint credit.On this basis,it briefly introduces the basic elements,transaction process,pricing method and transaction risk of carbon footprint credit.Finally,taking industrial bank’s financing for company a’s new energy vehicle project as an example,this thesis explains how the credit product is traded,and evaluates and analyzes the case.