China Beijing Environment Exchange and Vantage Point Partners, a leading venture capital firm in cleantech investment, recently launched the first China Low Carbon Index in Beijing. Tianneng Power has become one of the first constituent stocks to be listed on the index.

 

China Low Carbon Index offers insight into the development and the extent of securitization of the low carbon industry in China. Its constituents include 35 Chinese companies that are listed around the world, and cover four low carbon industries: clean energy generation, energy transfer and storage, clean energy consumption and production, and waste management. China Low Carbon Index requires all constituent companies to derive at least 50 percent or a minimum of RMB 3.5 billion of their total revenue from low carbon businesses.

 

China Low Carbon Index is set to chart the growth of the low carbon industry and its future development in China. The index will help to establish an ideal pricing system; link the industrial capital and financial capital markets; and attract technology, resources and capital to be invested to low carbon industry; as well as support long-term growth of listed companies in related fields. In addition to highlighting the development of China’s low carbon industry, the index will provide important guidance for corporate investment and financing in low carbon industry.