China News Service, Beijing, July 14 (Reporter Ruan Yulin) Zhao Yingmin, Vice Minister of China’s Ministry of Ecology and Environment, stated at the State Council’s policy briefing on the 14th that the State Council’s executive meeting decided to select an opportunity to launch the national carbon emission trading market in July. Online trading.
According to the construction plan approved by the State Council, the Ministry of Ecology and Environment takes the lead in organizing the construction of the national carbon market. At present, the relevant construction tasks have been basically completed, and all preparations are in place.
Zhao Yingmin emphasized that the national carbon emission trading market is a major institutional innovation that uses market mechanisms to control and reduce greenhouse gas emissions and promote green and low-carbon development. It is an important policy for achieving carbon peak, carbon neutrality and national independent contribution goals. tool.
In October 2011, 7 provinces and cities in Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Hubei, and Shenzhen launched local pilot projects for carbon emissions trading.
As of December 31, 2020, the pilot carbon market quota spot traded a total of 445 million tons, with a turnover of 10.431 billion yuan.
Zhao Yingmin said that the Ministry of Ecology and Environment has clarified that the power generation industry is the first industry to be included in the national carbon market. At the initial stage of the market, only spot trading of allowances between key emission units in the power generation industry will be carried out, and it will link up with China’s current carbon emission intensity management system and adopt The benchmark law allocates and issues the first batch of quotas to key emission units in the power generation industry across the country.
On January 1, 2021, the first compliance cycle of China's carbon market was launched. The first cycle ended on December 31, involving 2,225 key emission units in the power generation industry.
"We estimate that the carbon emissions of these companies covered by the first batch of carbon markets exceed 4 billion tons of carbon dioxide, which means that China's carbon emissions trading market will become the world's largest carbon market covering greenhouse gas emissions," said Zhao Yingmin .
Zhao Yingmin said that the Ministry of Ecology and Environment has completed relevant system construction and operational testing tasks.
Using the national pollution permit management information platform, we have built a greenhouse gas emission information management system for key emission units, guided and promoted Hubei Province and Shanghai to complete the construction tasks of the national carbon emission rights registration system and trading system, and passed the systematic Testing and acceptance.
(Finish)