Driven by the "dual carbon" goal, green and low-carbon development has emerged as the trend among enterprises, with an increasing demand for green electricity and green certificate trading among them. The green development of enterprises is heavily reliant on financial support. The State Grid Corporation of China is continuously exploring green financial services to facilitate the green development of enterprises.

On December 2, the Suqian branch of Jiangsu Bank issued a low-interest loan of 800,000 yuan to Suqian Chuba Sports Equipment Co Ltd, specifically designated for paying electricity bills. This marks the implementation of Suqian's inaugural "green electricity loan" initiative.

In November this year, the Suqian Green Electricity and Green Certificate Service Station and the Green Electricity and Green Certificate Service Center were officially inaugurated at the urban business hall of the State Grid Suqian Power Supply Company. During the process of organizing city and county (district) service grids to conduct specialized publicity and demand collection for green electricity and green certificate transactions, the Green Electricity and Green Certificate Service Station learned that Suqian Chuba Sports Equipment Co Ltd, which produces sports equipment, logistics turnover vehicles, and other products, exports to over 30 countries and regions worldwide, including Europe, America, Japan, and South Korea. The company has a high and sustained demand for green energy.

Staff members from the service station promptly visited customers to promote policies and transaction procedures related to green electricity and green certificates, as well as to introduce the "green electricity loan" financing channel. They provided professional guidance and financial support for customers to purchase and utilize green electricity. Subsequently, the customer successfully signed up for the "green electricity loan" service with Bank of Jiangsu.

It is reported that the "Green Electricity Loan" is a loan issued for enterprises with demand for or purchase records of green electricity and green certificates, specifically designed for paying electricity bills, prepaying electricity fees, and purchasing green certificates. The product offers flexible credit limits, with a maximum interest rate discount of 0.25 percent for a single transaction. The "Green Electricity Loan" can effectively support enterprises in increasing their consumption of renewable energy, helping them reduce their carbon emission intensity, enhance their carbon footprint management, and promote their ESG (Environmental, Social and Governance) development.