First transaction in the industry! NaaS Technologies (NAAS.US) completes the purchase of carbon reduction volumes for new energy vehicles with Hubei Carbon Asset Management
1min read Zhitong Finance learned that on December 10, NaaS Technologies (NAAS.US) and Hubei Carbon Asset Management Co., Ltd. (hereinafter referred to as "Hubei Carbon Asset Management") officially signed a contract in Wuhan, completing the purchase of 1,962 tons of "first batch of carbon emission reduction of new energy vehicle charging". This is the first transaction in the field of carbon emission reduction of new energy vehicle charging services in China. NaaS Technologies' Sustainable Development General Manager Zhai Yubo and Hubei Carbon Asset Management's Deputy General Manager Fang Wen attended the signing ceremony.
The carbon emission reduction of new energy vehicle charging services sold by NaaS Technologies this time comes from its strategic partner, the fast charging platform, and the carbon emission reduction period covers September 24, 2024 to October 29, 2024. Through the charging service entry of the fast charging app, mini program and third-party channels, car owners can join the green travel and carbon emission reduction action by charging and authorizing, accumulate carbon emission reduction assets, and eventually obtain incentives such as charging cash discounts, which will reach and drive more new energy vehicle owners to travel green.
With high value of green carbon reduction and clear carbon emission accounting, transportation is one of the most widely used and largest carbon emission reduction promotion scenarios. In August 2021, NaaS Technologies was the first to establish a carbon account for new energy vehicle charging in the industry. New energy vehicle owners can obtain carbon credits through daily charging behaviors, which can be counted in carbon accounts and used for charging cash discounts, realizing a carbon emission reduction trading cycle. As of June 30, 2024, the number of users using carbon accounts on the fast charging platform has reached 800,000.
It is said that the carbon emission reduction of this transaction will be used for the annual compliance of key emission units in Hubei carbon market in 2023, and future carbon emission reduction can also be used to create carbon-free parks, carbon-free marathons, and carbon-free conferences and other diversified scenarios. Hubei Carbon Asset Management's innovative purchase of new energy vehicle charging carbon emission reduction provides strong evidence for the tradable attributes of carbon emission reduction, further enriching the product structure of China's carbon market, and this experience is expected to be promoted and replicated in multiple carbon trading markets across the country.
In the future, the growth potential of carbon emission reduction of new energy vehicle charging in China is huge, which will play a positive role in promoting green low-carbon travel and carbon neutrality in transportation.
