On August 8, the China New Energy Storage Industry Innovation Alliance was established in Beijing. The innovation alliance was initiated by China Energy Engineering Group Co., Ltd. (CEEG), CATL and and Trina Solar Co., Ltd.
Lingtan Intelligence, an industrial and commercial energy storage brand, announced on August 5 its completion of a pre-A round of financing totaling 50 million yuan ($7.4 million) led by Eight Roads.
On August 2, China's Datang Sanya 60 MW PV flat-rate grid pilot project was announced to have been successfully connected to the grid on July 29.
On August 1, China's Ministry of Industry and Information Technology, National Development and other two departments issued the Implementation Plan for Carbon Peaking in the Industrial Sector.
Beijing-based firm Carbonstop, a provider of emissions management software and consulting solutions, announced on August 1 that it had completed a round B of financing worth 100 million yuan ($14.82 million).
On July 28, the Shanghai Municipal Government issued the "Implementation Plan for Carbon Peaking in Shanghai" and a corresponding regulatory opinion notice.
On July 27, China Automotive Technology & Research Center Co., Ltd. (CATARC), a state-owned research institute, released a report entitled "2022 China Automotive Low Carbon Action Plan" in Beijing.
On July 27, Chinese travel services platform Trip.com released its "LESS-Carbon Neutral Plan," pledging to gradually achieve carbon neutrality in its own operations, and to jointly launch at least 10,000 low-carbon travel products with its ecological partners.
On July 26, Chinese electronics firm vivo released its 2021 Sustainable Development Report, which focuses on four major aspects: the sharing of science and technology, green symbiosis, value creation and social benefit.
On July 25, Shenzhen Securities Information Co., Ltd., a wholly-owned subsidiary of the Shenzhen Stock Exchange (SZSE), launched the CNI ESG Ratings Methodology.
The estimated total green financing required in China from 2020 to 2060 to achieve its carbon neutrality target is about 140 trillion yuan ($20.7 trillion) in the power, steel, transportation, construction and real estate sectors.
As of July 15 this year, the cumulative transaction volume of carbon emission allowances in China's carbon market was 194 million tons, with a cumulative transaction value of 8.492 billion yuan ($1.26 billion).
A recent report indicates that during China's 14th Five-Year Plan period, the penetration rate of new energy commercial vehicles is expected to increase rapidly, while the business volume of used cars also stands to increase.
Shanghai-based energy firm Envision Group signed a strategic partnership agreement with the Spanish government on July 18 to promote local efforts at achieving carbon neutrality.
During the 2022 China International Carbon Trading Conference held on July 16, the "Enterprise Carbon Credit Evaluation Standard," the country's first carbon credit standard, was officially released.