The General Office of the People's Government of Hubei Province has recently released the Implementation Plan for Building a National Carbon Finance Center.
From People.cn
The General Office of the People's Government of Hubei Province has recently released the Implementation Plan for Building a National Carbon Finance Center (hereinafter referred to as the "Plan"). The Plan sets a goal for Hubei to lead China in carbon finance development by the end of 2027, laying a solid foundation for the establishment of a national carbon finance center.
As part of Hubei's broader role in driving the rise of central China, the Plan calls for the integration of innovative carbon finance products and services into the province's modernization strategy by 2027. The annual growth rate of carbon financing, including carbon emission rights pledges, is targeted at no less than 20%. Looking ahead to 2035, Hubei aims to establish itself as a fully operational national carbon finance center, providing critical financial support for a global carbon trading registry and China's national carbon market. The province is set to become a strategic hub for carbon finance, playing a pivotal role in achieving the country's carbon neutrality and peak carbon goals.
The Plan identifies six priority areas with 23 specific tasks to drive this initiative. These priorities include enhancing Hubei's capacity to attract carbon finance resources, expanding the influence and reach of carbon finance businesses, strengthening the province's position in the carbon finance market, fostering innovation in carbon finance services, improving infrastructure to support carbon finance, and developing a highly skilled carbon finance talent pool.