Research Report On The Special Risk Of CDM Project Financing Of Commercial Bank

Green is the 13 th Five-Year Plan worthy of the main colors. Green term planning proposals appeared 21 times, appearing in 44 Plan, the government work report appeared nine times. Building a moderately prosperous society into the decisive stage of China, we are committed to seeking new breakthroughs in green development. In the financial sector, "green credit" as the basis, the implementation of green finance play an important role in resource allocation. CDM projects as a green project, an important part of commercial banks should actively practice the national policy, participation in CDM project financing. Participation in CDM projects is important for commercial banks. Since the commercial bank risk control and strong sense of itself has a conservative, leading to its participation in CDM project financing for quite cautious guide. Compared to other financial institutions processes obviously too slow. However, with the accumulation of rich international trading system and carbon market CDM projects operating experience and mode of international commercial banks began to actively participate in such projects, provides a wealth of CDM project financing products, particularly in the European market was most active. International banks such as Ireland, the Netherlands Bank, HSBC, etc; Industrial Bank of China, such as "8 + 1" financing model. However, due to CDM project development technical complexity of the project cycle in the Executive Council of the United Nations Register of uncertainty and other factors, compared to traditional project it has a unique risk.Through interviews, literature research and other research methods, detailed research internship units(Beijing Environment Exchange) and analyzes the specific risks faced by CDM project financing, and make recommendations. From the source of CDM projects, based on the perspective of commercial banks on the economic characteristics of CDM project financing environment, source of repayment, the success rate of registration and analysis of typical financing models and the status quo of domestic commercial banks CDM project financing research results are more detailed analysis of participation. CDM project-specific analysis showed that the risk of major project methodology approval risk, the risk of domestic approval, verification risk, risk register, certification risk, CER(Certified Emission Reduction, CER) delivery risk, CER price risk, currency risk Wait. Combined with project development process, through the analysis of different projects in different segments of the risks to successful operation of the project impact the size of commercial banks obtain financing CDM projects led to the sudden increase in the risk of default project owner is mainly registered CDM project-specific risk risk, CER price risk.This paper argues that commercial banks deal with CDM project financing risks specific to the risk registration and CER price risk focus. On the basis of analysis of two specific focus on the causes of risk for a bank loan before the loan, loans, the loan after the process are proposed corresponding countermeasures. Before the loan, choose a new energy and renewable energy projects, and select the appropriate item by risk rating intervention phase to avoid risk. Loans, on one hand innovative contract energy management, energy management companies to establish long-term partner, the transfer of registered risk; the other hand, when the signing of the purchase agreement of carbon, introducing buyer credit insurance, the buyer of the transfer of credit risk; post-lending, on the one hand and take the third party organization "benefit sharing, loss sharing" approach; on the other hand take the pledge carbon assets and energy-saving equipment pledged dual mode control loan losses.