[Explanation] On July 16, the national carbon emissions trading market held a launch ceremony in Beijing, Shanghai, and Wuhan at the same time, and the power generation industry became the first industry to be included in the national carbon market.

  Carbon emission rights trading refers to buying carbon dioxide emission rights at the exchange as a commodity.

The national carbon emission rights trading agency is responsible for organizing and carrying out centralized and unified trading of national carbon emission rights.

  It is understood that the first batch of key emission units in the power generation industry to participate in the national carbon emission rights trading exceeded 2,162.

The carbon emissions of these companies 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.

Among them, 10 companies including Shenergy Group, China Resources Power, China Huadian Group, and China Petroleum & Chemical Corporation became the first batch of transaction companies in the national carbon trading market.

  Lin Boqiang, dean of the China Energy Policy Research Institute of Xiamen University, said in an interview with a reporter from China News Agency that the national carbon emission trading market is online. In the future, the government can use price signals to guide the optimal allocation of carbon emission reduction resources to achieve a lower cost. Reduce emissions and promote investment in green and low-carbon industries, so as to promote the gradual replacement of fossil energy by renewable energy and drive the transformation of China's energy structure.

  [Concurrent] Lin Boqiang, Dean of China Energy Policy Research Institute, Xiamen University

  It should be a very important aspect. It can guide the optimal allocation of resources through carbon prices, so that emissions can be reduced at a relatively low cost.

Then it promotes high-energy-consumption emission reduction, low emission or emission reduction or no emission. To develop in this respect, then it supports renewable energy, so these are all very important.

It is necessary for carbon neutrality, because it can suppress high energy consumption, can support the transition to clean energy, and can be carbon neutral at a relatively low cost.

  [Explanation] It is reported that according to relevant rules and announcements, the national carbon market adopts the "two-city model", with the trading center in Shanghai and the carbon allowance registration center in Wuhan.

The trading product in the national carbon market is carbon emission allowances, with the "price per ton of carbon dioxide equivalent" as the unit of measurement. The minimum change in the volume of purchases and sales is measured as 1 ton of carbon dioxide equivalent, and the minimum change in the declared price is measured as RMB 0.01.

  Xu Yin, Kang Yuzhan and Zhou Zhuoao report from Shanghai

Editor in charge: [Yu Xiao]