On the afternoon of April 17th, the Nanjing International Green Trade Service Platform and the International Green Trade Innovation Lab were officially inaugurated. Established under the guidance of the Shanghai Environment and Energy Exchange, the platform focuses on providing “carbon footprint” services on comprehensive products for export. It also offers the calculation, inventory management, international accreditation for export products’ carbon footprints, consultation on green trade policies and regulations, and training for enterprises’ foreign trade personnel. These services aim to reduce international trade costs for enterprises and enhance product competitiveness in the global market.
Currently, green trade is emerging as a new focus of the international community and a new arena for global economic and trade cooperation and competition. New international green economic and trade rules, typified by the EU’s Carbon Border Adjustment Mechanism (CBAM), begin to be enforced. Advancing the development of green trade is not only an inherent requirement for implementing the major strategic decision of dual carbon goals, but also represents an inevitable choice for building new international competitive advantages. The establishment of the Nanjing International Green Trade Service Platform is a significant initiative aimed at addressing EU carbon tariffs and providing cost-effective solutions for enterprises. These endeavors hold paramount significance in enhancing the competitiveness of foreign trade enterprises, driving innovation in foreign trade and fostering institutional openness.
Ziyue Carbon Neutrality (Nanjing) Technology Development Co., Ltd. actively contributes to the establishment of the platform. Chairman Li Chunying introduced that the company primarily focuses on establishing carbon management systems, providing international green trade services, developing carbon assets and carbon financial products, and establishing carbon emission factor libraries. Presently, it has forged cooperation with enterprises such as NISCO, Shanghai Meishan Iron & Steel, and Sinopec Yangzi Petrochemical. For example, significant and strategic cooperation has been established with NISCO regarding the setup of corporate carbon management systems, carbon asset management and trading, training for carbon capacity building, cultivation of carbon management talents, transformation of innovation achievements in carbon reduction technologies, and developing carbon-neutral parks. Based on NISCO’s export scale, the carbon footprint is preliminarily estimated using our independently developed carbon emission factor libraries , which is projected to save tens of millions of yuan annually, in carbon tariff costs compared to using international factor libraries, said Chairman Li.
In recent years, Nanjing has steadfastly pursued high-quality development through extensive openness, leveraging the combined opportunities of pilot free trade zones and the expanded opening-up of the service industry. The city continuously innovates and fosters new models and formats of green trade. Implementing a “carbon labeling” system, Nanjing has introduced a system of “quantitative analysis of carbon costs based on export data” to offer carbon cost prediction services for enterprises. “Carbon-neutral” products are adorned with “green labels”, while the “carbon neutrality labeling service model for exported textiles” has been recognized as one of the “best cases of institutional innovation in pilot free trade zones in the Yangtze River Delta region”.
