(Economic Observation) The national carbon emission rights trading is steadily advancing and the market coverage will gradually expand

  China News Service, Beijing, August 18 (Reporter Ruan Yulin) Since the launch of the national carbon market online trading, the cumulative turnover has exceeded 350 million yuan.

China's Minister of Ecology and Environment Huang Runqiu pointed out on the 18th that the next step will be to expand the coverage of the carbon market, gradually include more high-emission industries, gradually enrich transaction varieties, transaction methods and transaction entities, and increase market activity.

  National carbon emission rights trading is an important means of using market mechanisms to control and reduce greenhouse gas emissions and promote green and low-carbon development. It is also an institutional innovation and an important policy tool to implement China’s carbon peak goals and carbon neutrality vision.

  On July 16, the national carbon emission trading market was launched for online trading.

On the same day, the cumulative trading volume of the National Carbon Market Carbon Emission Allowance (CEA) was about 4,104,400 tons, with a cumulative trading volume of 210 million yuan (RMB, the same below), and an average trading price of 51.23 yuan per ton throughout the day.

  The first compliance cycle of the national carbon market included 2,162 key emission units in the power generation industry, covering approximately 4.5 billion tons of carbon dioxide emissions per year.

This also means that China's carbon emissions trading market has become the world's largest carbon market covering greenhouse gas emissions once it is launched.

  On August 17, the trading volume of the National Carbon Market Carbon Emission Allowance (CEA) listing agreement was 7001 tons, and the closing price was 51.76 yuan per ton, which was 1.49% higher than the previous day.

As of August 17, the cumulative transaction volume of the National Carbon Market Carbon Emission Allowance (CEA) was 7.025 million tons, and the cumulative transaction volume was 355 million yuan.

  The data shows that the transaction volume on the day of the launch of the national carbon emissions trading market accounted for more than half of the total transaction volume in the past month.

"The transaction scale is generally normal, but there is still a lot of room for improvement in transaction volume," said Lai Xiaoming, chairman of the Shanghai Environmental Energy Exchange. Because the market has just begun, some companies are still in the process of opening accounts.

In the coming months, the overall transaction volume should increase.

  "The power generation industry is the first to test the water, but in the future, the power generation industry will never be'outstanding'," said Liu Youbin, a spokesperson for the Ministry of Ecology and Environment. At present, in conjunction with the compilation of the national emission inventory, the Ministry of Ecology and Environment has organized the development of steel and cement for many years. Data accounting, reporting and verification of high-emission industries such as building materials, aviation, petrochemical, chemical, papermaking, etc. have a relatively solid data foundation in these industries.

  Lai Xiaoming said that judging from the operation of the national carbon market in one month, there is still a lot of work to be done in terms of market cultivation and corporate carbon management capacity building.

  Huang Runqiu said that the practice at home and abroad has shown that, compared with traditional administrative management methods, the carbon market can not only consolidate the responsibility of greenhouse gas emission control to enterprises, but also provide economic incentives for carbon reduction and reduce the emission reduction of the whole society. Costs drive green technological innovation and industrial investment, and provide effective policy tools for dealing with the relationship between economic development and carbon emission reduction.

  "The construction of the national carbon market is a major institutional innovation. Although it has been piloted for many years, it is still a new thing for the whole society. There are areas that need to be further improved, and there are many shortcomings and shortcomings. The process must be prudent and prudent," Huang Runqiu said.

  Huang Runqiu said that in the next step, the Ministry of Ecology and Environment will work with relevant departments to further improve the system, promote the promulgation of the "Interim Regulations on Carbon Emission Trading Management" as soon as possible, revise and improve related supporting systems and technical specifications, and improve voluntary greenhouse gas emission reduction transactions. mechanism.

At the same time, strengthen market management, strengthen the quality management of carbon emission data, strengthen the implementation of relevant systems, strengthen the supervision of all links of the national carbon market, and effectively prevent market risks.

  The Ministry of Ecology and Environment stated that the next step will steadily expand the coverage of the industry.

Relevant industry associations have been entrusted to study and propose industry standards and technical specifications that meet the requirements of the national carbon market. In accordance with the principle of "mature one, approved and released one", the carbon market will further expand the coverage of the industry and give full play to the market mechanism in controlling greenhouse gas emissions. , Promote green and low-carbon technological innovation, and guide climate investment and financing.

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