East China’s Jiangsu province has issued its first multi-million-yuan mortgage portfolio loan in the city of Suzhou. Let’s take a close look.
Affected by the COVID-19 epidemic, many textile printing and dyeing companies in Wujiang District, Suzhou City are facing pressure from recruitment and product sales.
A textile printing and dyeing company in Shengze town submitted to the Suzhou Ecological Environment Bureau an application for the mortgage registration of pollution discharge rights.
After going through the formalities, a local bank immediately issued to the company a combined loan of 12 million yuan in the mortgage of emission rights.
This is the first mortgage loan of more than 10 million yuan since Jiangsu promulgated the emission rights mortgage loan management measures in December last year.
Pollution discharge right refers to a kind of administrative license qualification for pollutant discharge units to discharge pollutants into the environment. The implementation of mortgage loans for pollution emission rights is an effective way to promote the efficiency of the asset-oriented environmental resources, broaden the financing channels, and help enterprises alleviate their difficulties.
In addition, the transformation of emission rights into tangible assets consolidates the company's responsibility in environmental protection without affecting the total amount of pollution.
This innovative loan model can enhance the concept that environmental resources are valuable, find new carriers for the development of green finance, and provide exploration for environmental equity mortgage financing.
