中国甲烷减排融资：探索关键领域的脱碳与投资机遇

Exploring Decarbonisation and InvestmentOpportunities in Key Sectors Climate Bonds Initiative Contents Climate Bonds Initiative (Climate Bonds) is an internationalorganisation working to mobilise global capital for climateaction. It promotes investment in projects and assets neededfor a rapid transition to a low-carbon, climate resilient, and faireconomy. The mission focus is to help drive down the cost ofcapital for large-scale climate and infrastructure projects andto support governments seeking increased capital marketsinvestment to meet climate and greenhouse gas (GHG) emissionreduction goals. Climate Bonds conducts market analysis andpolicy research; undertakes market development activities;advises governments and regulators; and administers a globalgreen bond Standard and Certification scheme. Glossary2 Report summary3 1. State of play4 1.1. The largest emitter: China’s methaneemission profile41.2. China methane abatement targetsand actions51.3. Abatement potential in China6 2. Accelerating methane abatement throughsustainable finance7 2.1. Methane reduction financing needsin key sectors7 Glossary 2.2. Sustainable finance markets andmethane abatement14 CCER: Chinese certified emission reductionETS: emissions trading systemGHG: greenhouse gasGSS+: green, social, and sustainability (GSS) bonds plussustainability-linked bonds (SLBs)GWP: global warming potentialLDAR: leak detection and repairLULUCF: land use, land-use change, and forestryMRV: monitoring, reporting and verificationNDC: nationally determined contributionsVAM: ventilation air methane 2.3. Innovative financing support formethane abatement22 3. Conclusion and recommendations17 Appendix 1: Methane related policies andmeasures from selected GMP signatories19 Appendix 2: Methane related internationalinitiatives and standards21 Endnotes25 Report summary Policy guidance for methane projects isbecoming more developed, signalling thepotential for various financing models andinstruments, including sustainable bonds, toaccelerate technology deployment.Methane-related projects are increasingly integrated intoChina’s sustainable finance and climate investmentframeworks. As national, subnational, and sectoralpolicies strengthen the enabling environment, thepipeline of financeable projects is expected to grow,driving greater demand for financing. Methane’s (CH₄) contribution to globalwarming is second only to carbon dioxide(CO₂) and substantial, rapid, and sustainedreductions are required to avert catastrophicclimate impacts over this century.With a globalwarming potential (GWP) of more than 80 timesthat of CO₂ over 20 years, methane is a relativelyshort-lived but extremely potent greenhousegas (GHG) compared to CO₂. Targeted methaneabatement measures can therefore have asignificant impact on global warming before 2050and are essential for helping to avoid catastrophicclimate change and crucial climate tipping points.1As the largest emitter of methane, China’s updateof its nationally determined contribution (NDC)in 2025 to include non-CO₂ GHGs presents animportant window of opportunity to acceleratemethane abatement action. National and municipal governments cancreate an enabling environment by clarifyingregulations.Recommendations include incorporating methane in future NDCs and policydocuments, integrating technical criteria into greentaxonomies, offering incentives such as tax reliefand subsidies, extending the coverage of China’semissions trading scheme to include methane,strengthening coalmine closure procedures, andimproving monitoring, reporting and verification(MRV) through coordination and data-sharingacross government agencies. This report offers an overview of China’scurrent methane abatement policies andrecent developments in sustainable financeaimed at supporting methane reductionefforts.It analyses methane emissions across key sectors, including energy, agriculture, and wastemanagement, as well as exploring how sustainablefinance can help channel capital toward effectivemethane abatement solutions. Financial institutions (FIs) should raiseawareness of methane risks, integrate methaneabatement into their transition planning, anddiversify products for methane abatement.Suggested actions include more research by FIs to Methane abatement presents newopportunities for both green and transitionfinance.As financing solutions for methanereduction technologies continuing to emerge,the potential for further scaling the country’ssustainable finance market is significant. Byidentifying financing needs and opportunities,improving voluntary carbon market mechanisms,and promoting innovative financial products,China can diversify funding sources and enhanceaccess to capital for methane projects, therebydriving growth in sustainable finance. build the knowledge base of methane exposureacross their portfolios, setting medium- andlong-term methane reduction targets, matchinginvestment pipelines with policy priorities, anddeveloping di