On May 5, Zhou Yuxian, Party Secretary and Chairman of China National Building Material Group, Party Secretary and Chairman of China National Building Material Co., Ltd., met with Yu Honghui, Party Secretary and Chairman of China National Forestry Group and his delegation. The two sides had in-depth exchanges on cooperation in the field of "double carbon", and witnessed the signing of the "Framework Agreement on Voluntary Emission Reduction Trading" by China Building Material Group, China Forestry Group and their holding subsidiaries, China Building Material Green Energy Co., Ltd. and Guolin Double Carbon Management (Hangzhou) Co., Ltd. Wang Yumeng, member of the Standing Committee of the Party Committee and deputy general manager of China Building Materials Group, Huang Qizheng, member of the Party Committee and deputy general manager of China Forestry Group, and Han Jin, director of Mercuria Energy Group and president of Asia, attended the ceremony. Wei Rushan, member of the Standing Committee of the Party Committee and deputy general manager of China Building Materials Group, Weng Wenlin, member of the Party Committee and deputy general manager of Zhonglin Group, Wang Lihe, deputy general manager of Beixin Group, chairman and general manager of China Building Materials Green Energy, and Gao Dehui, member of the Party Committee and deputy general manager of Guolin Double Carbon (Hangzhou) Co., Ltd., signed the agreement on behalf of all parties.
Zhou Yuxian welcomed Yu Honghui and his delegation and welcomed and looked forward to the good cooperation between the two sides. He briefly introduced the industrial development of China Building Materials Group and the "double carbon" strategic layout, and said that the carbon sequestration trading cooperation with China Forestry Group is an important practice in the field of "carbon management", and is a manifestation of the responsibility of the central enterprises and the fulfillment of social responsibility. He hoped that the two sides would carry out deeper and broader cooperation around the green and low-carbon field on the basis of consolidating the existing cooperation.
Yu Honghui spoke highly of the rapid development of China National Building Material Group and the strategic layout of "double carbon", introduced the significance of forestry carbon sequestration in helping to achieve carbon neutrality, the evolution of the establishment of national forestry double carbon and its important role in the investment of national reserve forest and the development of carbon sequestration, and affirmed the positive role of the carbon sequestration transaction between the two central enterprises. He said that as the only forestry central enterprise in China, China Forestry Group will actively play the role of "double carbon" platform for the green development of central enterprises based on serving the national "double carbon" strategy.
Pursuant to the Transaction Framework Agreement, CNBM Group and its subsidiaries intend to purchase 10 million tonnes of forestry carbon sequestration emission reductions from China's certified voluntary emission reduction projects and other mechanisms of China Forestry Group and its subsidiaries by 31 December 2030. The signing of this transaction framework agreement is an important measure for China Building Materials Group and China Forestry Group to actively implement the spirit of SASAC's Guiding Opinions on Promoting the High-quality Development of Central Enterprises and Doing a Good Job in Carbon Peak and Carbon Neutralization, to give full play to the responsibilities of central enterprises, to speed up the integration into the construction of the "double carbon" platform for national green development, and to realize the green low-carbon transformation. For the first time in the procurement of carbon sinks of the same scale in China,
this cooperation has achieved "two considerations" for emission reduction reserves: one is to take into account both "mandatory compliance needs" and "voluntary carbon neutralization needs"; Secondly, it takes into account the carbon neutral demand of "China's domestic" and "overseas investment" asset emissions, and serves the international development strategy of "rebuilding a Chinese building material overseas" of China Building Material Group. Qu Xiaoli, Assistant General Manager and Deputy Chief Accountant of
China Building Materials Group, Tao Haisu, Chairman of Mercuria Energy Group China, a shareholder of China Building Materials Green Energy Co., Ltd., and relevant personnel from all sides participated in the event.
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