China News Service, Beijing, December 23 (Reporter Ruan Yulin) Liu Youbin, spokesperson for the Ministry of Ecology and Environment of China, told reporters in Beijing on the 23rd that the national carbon market has been operating smoothly since the launch of online trading on July 16 this year. As of December On the 22nd, the national carbon market carbon emission allowances (CEA) had a cumulative transaction volume of 140 million tons, with a cumulative transaction volume of 5.802 billion yuan.

  Liu Youbin said that since the launch of the national carbon market, the overall operation has been stable, the awareness of corporate emissions reduction has continued to increase, and market activity has steadily increased.

On the whole, the national carbon market as an important policy tool to control and reduce greenhouse gas emissions and promote the realization of carbon peaks and carbon neutrality has initially emerged.

  In order to promote greenhouse gas emission reduction and standardize national carbon emission rights trading and related activities, the Ministry of Ecology and Environment announced in January this year the "Management Measures for Carbon Emission Rights Trading (Trial)".

On January 1, 2021, the first compliance cycle of China's carbon market was launched. The first cycle ended on December 31, involving more than 2,000 key emission units in the power generation industry.

Liu Youbin said that as of December 22, a total of 2,162 key emission units in the power generation industry have been included, covering approximately 4.5 billion tons of carbon dioxide emissions per year.

  Transaction data shows that as of December 22, the cumulative transaction volume of the national carbon market carbon emission allowance (CEA) was 140,353,836 tons, and the cumulative transaction volume was 5802116377.62 yuan.

  Liu Youbin stated that he will unswervingly follow the ecological priority, green and low-carbon high-quality development path, unswervingly implement the national strategy of actively responding to climate change, and gradually expand the industries covered by the national carbon market on the basis of the good operation of the carbon market in the power generation industry. Scope, through the carbon market and other important policy tools and means, to promote the achievement of carbon peak and carbon neutral goals as scheduled.

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