1、Incentives for Enhancing Transition Finance in Chinas Steel SectorEffective Pathways,Key Challenges,and Action RecommendationsPrepared by Climate Bonds InitiativeIncentives for Enhancing Transition Finance in Chinas Steel Sector Climate Bonds Initiative 2About the Climate Bonds InitiativeClimate Bon
2、ds Initiative(Climate Bonds)is an international organisation working to mobilise global capital for climate action.It promotes investment in projects and assets needed for a rapid transition to a low-carbon,climate resilient,and fair economy.The mission focus is to help drive down the cost of capita
3、l for large-scale climate and infrastructure projects and to support governments seeking increased capital markets investment to meet climate and greenhouse gas(GHG)emission reduction goals.Climate Bonds conducts market analysis and policy research;undertakes market development activities;advises go
4、vernments and regulators;and administers a global green bond Standard and Certification scheme.Acronyms and abbreviations BF-BOF:blast furnace-basic oxygen furnaceClimate Bonds:Climate Bonds InitiativeCBAM:Carbon Border Adjustment MechanismCCER:China Certified Emission ReductionCCUS:carbon capture,u
5、tilisation,and storageCNY:ISO(International Organisation for Standardisation)code for Chinese currency unit.DRI:direct reduced ironmakingEAF:electric arc furnaceETS:national emissions trading schemeGHG:greenhouse gasNDRC:National Development and Reform CommissionOECD:Organisation for Economic Co-ope
6、ration and DevelopmentPBoC:Peoples Bank of ChinaDisclaimer:The information contained in this communication does not constitute investment advice in any form and the Climate Bonds Initiative is not an investment adviser.Any reference to a financial organisation or debt instrument or investment produc