高碳行业转型中的信用风险管理——以煤炭行业为例

Embedding Climate Risk into Credit Risk Management of Carbon Intensive Sectors——Take the coal industry as an example

高碳行业在国民经济中占据重要地位,是实现碳中和的关键,在“双碳”目标指引下,面临巨大低碳转型压力和挑战,存在大量的融资需求。建设高碳行业转型和金融服务的协调机制,可加快实现高碳行业的低碳转型。本文以煤炭行业为例,通过运用气候环境风险分析工具和方法,前瞻性地识别和量化高碳行业因气候环境因素引发的信贷风险和违约概率,实现企业低碳转型和风险管理相协调,有效有序管理高碳资产的风险敞口,促进资本的有效配置和绿色产品创新,完善银行业低气候环境风险导向的信用风险管理。积极搭建相适宜的转型金融框架,帮助、陪伴煤炭企业及其他高碳行业按照可持续发展目标,通过技术改造或产业升级减少污染,实现向低碳绿色经济转型。

The transition of carbon intensive sectors serves as the key pillar in the process of achieving carbon neutrality.As an effective supplement,transition finance operates on the points that cannot be covered by green finance.Using the climate and environmental analysis tools and methods,we identify and quantify the credit risk and the probability of default caused by climate and environmental factors in the coal industry.We also establish an appropriate transition finance framework to coordinate with enterprises’low carbon transition while managing credit risk,to improve banks’credit risk management oriented by low climate and environmental risk,meanwhile controlling the risk exposure of carbon intensive assets effectively,and to promote green product innovation and capital allocation efficiency.We aim at supporting and accompanying the coal enterprises to develop long-term climate transition and become more environmentally friendly.Based on the sustainable development goal,help carbon intensive sectors reduce pollution through technological progress or industrial upgrading and enhance low-carbon and green economy.