Green finance

Get green projects funded with benefits you can prove

For issuers, project owners and financial institutions: instrument selection, green project eligibility, environmental benefit calculation and post-issuance disclosure. Every green dollar maps to a project, a taxonomy clause and verifiable data.

The questions financiers ask most: why the project counts as green, and where the benefit numbers come from.
2024 edition
China green & low-carbon transition industry catalogue
Green · Transition
Bond and loan instruments
Verifiable
Benefit calculation and monitoring
Post-issuance
Use of proceeds and impact reporting

01/Common blockers

Where green financing usually gets stuck

Most blockers sit in eligibility and data. Well-written documents still get sent back when the working papers cannot keep up.

01

Is the project green?

When it shows up

Applying for a green loan, issuing a green bond or seeking central bank carbon-reduction facility support

Where it stalls

Unclear which catalogue clause applies and whether technical thresholds are met

If left unresolved

Labelling rejected or treated as ordinary lending, losing rate and quota advantages

02

Benefits cannot be quantified

When it shows up

Credit approval, second-party opinions or post-issuance reporting require numbers

Where it stalls

How to set the baseline, which emission factor to use, where the data comes from

If left unresolved

Figures cannot be recalculated, triggering follow-up questions or a redo

03

KPIs are hard to calibrate

When it shows up

Designing a sustainability-linked bond or loan

Where it stalls

Little historical data behind the KPI; targets risk being too high or too low

If left unresolved

Low targets draw ambition concerns; high ones trigger a coupon step-up

04

No one owns post-issuance

When it shows up

Annual reporting on use of proceeds and impact after funds are drawn

Where it stalls

Operating data is scattered; the proceeds ledger does not match project progress

If left unresolved

Late or inconsistent disclosure, affecting future issuance and ratings

02/Instruments

Six common instruments and what each suits

Pick who you are to see the relevant instruments. They can be combined, for example certifying a project as green first and then borrowing or issuing against it.

You are

01

Green bond

Company or project ownerFinancial institution

A bond whose proceeds go exclusively to green projects, across corporate, enterprise and financial bond types.

Use of proceeds
Restricted to catalogue-eligible green projects
Key requirements
Project eligibility, dedicated proceeds account, ongoing disclosure

What we provide

Project screening and eligibility opinion, green section of the prospectus, post-issuance reports

02

Sustainability-linked bond / loan

Company or project ownerFinancial institution

Financing terms tied to company-wide sustainability targets, with a rate step-up if targets are missed.

Use of proceeds
General corporate purposes
Key requirements
KPI selection, target calibration, annual verification

What we provide

KPI and target design, historical data review, annual performance reports

03

Transition bond / loan

Company or project ownerFinancial institution

Financing for high-emitting sectors such as steel, building materials and chemicals moving to lower carbon.

Use of proceeds
Transition retrofits and related investment
Key requirements
Transition pathway, reduction targets, interim milestones

What we provide

Transition pathway planning, project reduction estimates, transition framework

04

Green loan

Company or project ownerFinancial institution

Bank lending to projects or companies meeting green criteria, counted in green loan statistics.

Use of proceeds
Energy efficiency, clean energy, environmental protection and similar projects
Key requirements
Catalogue eligibility and quantifiable benefits

What we provide

Eligibility documents, benefit calculation, environmental information for credit files

05

Carbon emission reduction facility

Financial institution

The People's Bank of China relending facility that supports financial institutions issuing carbon-reduction loans.

Use of proceeds
Clean energy, energy saving and carbon-reduction technologies
Key requirements
Calculation and disclosure of loan-level emission reductions

What we provide

Reduction calculation methods and working papers, disclosure preparation

06

Carbon asset financing

Company or project ownerFinancial institution

Financing that uses emission allowances or certified voluntary reductions as pledge or repo collateral.

Use of proceeds
Working capital or reduction project investment
Key requirements
Title, valuation and disposal arrangements for carbon assets

What we provide

Carbon asset inventory and valuation reference, link to trading and compliance

Eligibility and issuance conditions follow the latest rules from regulators, trading venues and lenders.

03/Services

Six services from eligibility to post-issuance

We work with issuers, project owners and financial institutions. Expand an item for details.

  • Who it suits

    Project owners applying for green loans or issuing green bonds

    How we work

    1. 1Document collection and site understanding
    2. 2Clause-by-clause catalogue mapping
    3. 3Technical threshold checks
    4. 4Eligibility opinion

    Deliverables

    • Green eligibility opinion
    • Catalogue mapping table
    • Supplementary document list

04/Eligibility pre-check

What your project still needs for green eligibility

Choose a project type, tick the conditions already in place and see what is still missing.

Catalogue mapping

Green and low-carbon energy transition · Clean energy facility construction and operation

Key checks

Tick what is already in place

4 items still to confirm

Typical documents

  1. 1Project filing
  2. 2Equipment selection and specifications
  3. 3Grid connection plan
  4. 4Site use agreement
Send project documents to an advisor

Checks are illustrative. Formal eligibility follows the catalogue notes, sector standards and the reviewing body.

05/Benefit estimate

Drag the sliders to estimate emission reductions

For electricity-related projects, the national average grid factor gives an annual and lifetime estimate. Formal calculation uses the project methodology and measured data.

Annual exported or self-consumed generation

Annual reduction

2,683

tCO₂

Lifetime reduction

53,660

tCO₂

Reduction = electricity × emission factor

5,000 MWh × 0.5366 tCO₂/MWh = 2,683 tCO₂

Uses the 2022 national average grid CO₂ emission factor of 0.5366 tCO₂/MWh as an illustrative value. Use the latest published figure for formal work.

06/Typical cases

How three common engagements run

Typical project paths with client details removed.

Green loan

A commercial rooftop solar project applying for a green loan

Situation
The bank asked for an eligibility basis and annual reductions; the owner only had a feasibility study.
What we do
Complete catalogue eligibility, calculate reductions from design generation and the grid factor, and design generation metering and data reporting.
Outcome
Eligibility opinion and benefit report, updated after drawdown with actual generation.
Linked financing

A manufacturer planning a sustainability-linked bond

Situation
Willing to cut emissions, but with only one year of emissions data, targets were hard to calibrate.
What we do
Complete three years of inventory, select product emission intensity as the KPI and calibrate against peers and the reduction pathway.
Outcome
KPI and target rationale, historical baseline table and annual verification plan.
Financial institution

A regional bank aligning its green loan definitions

Situation
Branches identified green loans differently and calculated benefits with different methods.
What we do
Unify identification and calculation, build templates by project type and prepare the first environmental disclosure report.
Outcome
Internal identification guide, calculation templates and annual disclosure report.

07/Engagement models

Three ways to work with us

Choose by financing stage. Durations are typical ranges and are confirmed after scoping.

Single project eligibility

Green eligibility and benefit calculation for one project.

Duration
3–6 weeks
Best for
Green loan applications or green project pipelines

Deliverables

  • Eligibility opinion
  • Benefit calculation report
  • Supplementary document list

Full issuance support

Popular

Project screening, framework, second-party opinion liaison and the first post-issuance report.

Duration
3–6 months
Best for
Green, transition and sustainability-linked bonds

Deliverables

  • Green bond framework
  • Prospectus green section
  • First post-issuance report

Annual post-issuance service

Yearly proceeds reconciliation, actual benefit calculation and disclosure report.

Duration
Annual
Best for
Projects after issuance or drawdown

Deliverables

  • Annual post-issuance report
  • Use of proceeds ledger
  • Benefit tracking sheet

08/Advisory and platform

What advisory does and what the platform does

Advisory covers judgement and methods; the MeetCarbon green finance platform handles data and workflow. Use either on its own or connect the two.

Before financing

Consulting team

Instrument choice, eligibility, calculation methods

MeetCarbon green finance platform

Project pipeline, energy and carbon data aggregation and profiles

Approval and issuance

Consulting team

Eligibility opinion, framework, prospectus green section

MeetCarbon green finance platform

Energy and emissions data exports for credit files

Post-issuance

Consulting team

Annual benefit review and disclosure report

MeetCarbon green finance platform

Continuous operating data, proceeds and benefit ledgers

Financial institutions

Consulting team

Identification guide, unified methods and staff training

MeetCarbon green finance platform

Green asset identification, automated benefit calculation and disclosure

09/Sample deliverable

What the deliverables look like

Left: contents of a green eligibility opinion. Right: the benefit calculation table, with source and method for every figure.

Green eligibility opinion

Green Eligibility Opinion for a 5 MW Rooftop Solar Project of Company ××

Based on the green and low-carbon transition industry catalogue (2024 edition)

Contents

  1. 1Basis and scope
  2. 2Project overview
    • 2.1 Scope and scale
    • 2.2 Technical design and equipment
  3. 3Catalogue compliance
    • 3.1 Classification
    • 3.2 Technical thresholds
  4. 4Environmental benefits
  5. 5Environmental and social risk notes
  6. 6Conclusion
  7. AWorking papers and supporting documents

Table 4-1 · Benefit calculation (illustrative)

No.ItemParameterValueUnitSource
1Installed capacityDC side5.0MWDesign documents
2Annual full-load hoursYear 1TBDhIrradiance assessment
3Annual generation1 × 2TBDMWhCalculated
4Emission factorNational average0.5366tCO₂/MWh2022 published value
5Annual reduction3 × 4TBDtCO₂Calculated
6MonitoringGeneration meteringRevenue meter—Connection plan

Anonymised sample. Values depend on local resources and the latest published factor.

10/FAQ

Frequently asked questions

Who needs to issue the eligibility opinion?

It depends on the funder. Some banks accept an advisory opinion; bond issuance usually requires an independent second-party opinion or certification. We prepare the materials and work with the certifier.

Which emission factor should the calculation use?

Usually the national or regional grid factor that matches the project location and regulatory basis, with the year stated. Post-issuance figures should move to the latest published value while keeping a record of earlier bases.

Can eligibility be assessed before construction?

Yes. A pre-assessment and estimate is based on the design, then reviewed against actual parameters and operating data after completion.

What happens if a linked KPI is missed?

Terms typically trigger a rate step-up. That is why targets need to reflect historical data, the reduction pathway and peers, avoiding levels that are too high or too low.

Do we have to buy advisory and the platform together?

No. Advisory can be engaged on its own. If the project needs continuous data collection and post-issuance management, the platform can take over with the calculation method configured for automatic updates.

Tell us about the project and financing plan

Share the project type, size, instrument and timeline, and we will give an initial view on eligibility and benefit calculation.