CSG Launches Carbon Asset Management Company in Guangzhou

China Southern Power Grid (CSG) launched a carbon asset management affiliate in Guangzhou, South China's Guangdong Province, on Jan 10, 2022, intending to step up efforts to serve China's goals of peaking carbon dioxide emissions by 2030 and reaching carbon neutrality by 2060.

The new affiliate will focus on the carbon industry, carbon service and carbon finance and provide comprehensive carbon asset management service to support CSG's green and low-carbon development and promote green transformation of economic and social development.

The business scope of the new affiliate covers carbon asset investment and management, carbon emission reduction, conversion, capture and storage technology research and development, and energy-saving management service and certification consulting.

Next, the affiliate will support China's carbon market construction and participate in development of carbon emission rights and carbon trading mechanisms and rules, and boost carbon inventory, carbon asset custody, carbon finance, carbon consulting and certification of voluntary emission reduction projects.

It will attract investment and improve production based on the carbon industry, striving to take the lead in development of the carbon asset management industry as part of the energy industry chain and become a leading comprehensive service provider of carbon asset management in China.

(Executive editor: Niu Yilin)