The cumulative trading volume is nearly 200 million tons, and the market quota compliance rate is over 99.5%...
One year after the launch, the national carbon market has achieved outstanding results and the future can be expected
A total of 2,162 key emission units in the power generation industry have been included in the national carbon emission trading market, covering about 4.5 billion tons of carbon dioxide emissions.
During the one-year operation, the cumulative number of companies participating in the transaction has exceeded half of the total number of key emission units, and the compliance rate of market quotas has reached over 99.5%.
my country's national carbon emission trading market (hereinafter referred to as the national carbon market) is the largest carbon market in the world.
On August 10, the daily transaction data released by the Shanghai Environment and Energy Exchange showed that the closing price of the carbon emission allowance (CEA) listing agreement in the national carbon market that day was 58 yuan/ton, down 1.49% from the previous trading day.
As of the close on August 10, a total of 195 million tons of carbon emission quotas have been traded in the national carbon market.
The national carbon market was officially launched on July 16, 2021, and a total of 2,162 key emission units in the power generation industry were included, covering about 4.5 billion tons of carbon dioxide emissions.
Since the official operation of the national carbon market for one year, the cumulative number of companies participating in the transaction has exceeded half of the total number of key emission units, and the market quota compliance rate has reached more than 99.5%.
Using market mechanisms to reduce greenhouse gas emissions
Carbon emission trading is a market-based means of controlling greenhouse gas emissions. Compared with administrative means, it has the advantages of lower emission reduction costs and flexible options for companies to reduce emissions.
International practice shows that the carbon market is one of the effective means to control greenhouse gas emissions.
Zhao Yingmin, deputy minister of the Ministry of Ecology and Environment, said that the carbon market can guide funds to flow into voluntary emission reduction companies through price signals, promote green and low-carbon technology innovation, and help regional coordinated development and ecological protection compensation.
The construction of a unified national carbon market is a major institutional innovation in using market mechanisms to control and reduce greenhouse gas emissions. It is an important engine to promote green and low-carbon development.
January 1 to December 31, 2021 is the first compliance cycle of the national carbon market.
Zhao Yingmin said that since the launch of online trading in the national carbon market, the overall operation has been stable.
On the premise of ensuring the security of power supply, the national carbon market has realized the incentives for high-efficiency generators and the constraints on low-efficiency generators. effective improvement.
At the Beijing Winter Olympics, "Zhangbei's wind lit up Beijing's lights".
The Bashang area, where Zhangjiakou, Hebei is located, has a vast territory and abundant wind energy resources. Through the Zhangbei Flexible DC Power Grid Test Demonstration Project and the cross-regional green power trading mechanism, the wind power, photovoltaic power generation and other energy sources in Zhangbei area are connected and intersected, allowing Beijing to The Winter Olympics became the first Olympic Games in history to use 100% green and clean electricity and achieve carbon neutrality.
As one of the builders of green power for the Winter Olympics, Beijing Energy Group Co., Ltd. (hereinafter referred to as Jingneng Group), while vigorously developing clean energy such as wind energy, solar energy, and water energy, has completed all the company's 300-megawatt units and above. The ultra-low emission transformation was carried out, and the capacity of ultra-low emission units accounted for more than 96.3%.
These measures not only kept the trend of reducing pollution emissions per unit of power generation, but also achieved a surplus of carbon quotas.
In 2021, 14 companies affiliated to Jingneng Group will be included in the first batch of carbon emission compliance and carbon emission trading lists. Jingneng Group's annual carbon emission compliance total is 136 million tons, and carbon market transactions are 10.5261 million tons, with a profit of 450 million yuan.
"Overall, the basic framework of the national carbon market has been initially established. For the first time, my country has implemented the responsibility of carbon emission reduction to enterprises nationwide through the market mechanism. The carbon pricing function." Li Gao, director of the Department of Climate Change of the Ministry of Ecology and Environment, said that the national carbon market has become an important window to demonstrate my country's active response to climate change.
A national carbon market system has been initially established
"The national carbon market plays an important role and significance in achieving carbon neutrality in my country." Zhao Yingmin said that at present, my country has initially established a national carbon market system and issued the "Carbon Emissions Trading Management Measures (Trial)"; The first quota allocation plan for the performance period was issued; a management system for carbon emission data accounting, reporting, and verification was established; management regulations for carbon emission rights registration, trading, and settlement, and a series of technical specifications were formulated; Registration system, trading system and greenhouse gas emission reporting system; cooperate with relevant departments to continuously strengthen law enforcement guarantees and national carbon market data quality management, and improve the business capabilities of all parties involved in the carbon market.
"The above measures have laid a solid foundation for the sustainable and healthy development of the national carbon market." Zhao Yingmin emphasized.
"The operation of the carbon market is crucial to the realization of the 'dual carbon' goal and the win-win situation of the economy and carbon reduction." Professor Lan Hong, deputy director of the Eco-Finance Research Center of Renmin University of China, pointed out that the current performance of the national carbon market is not enough to reflect its potential, and it will have a broader space for development in the future.
Lan Hong said that the current low transaction rate in my country's carbon trading market is due to the fact that only the electricity industry has entered the carbon market.
The activity of the carbon trading market depends on the difference in carbon emission reduction costs among trading entities. Only when more industries enter, can the difference in the cost of emission reduction enterprises be increased and the activity of market transactions be enhanced.
At the same time, the carbon market is not fully financialized, and the market product system is relatively simple. Only spot trading of carbon emission allowances is provided, and derivatives such as carbon futures have not yet been traded. Ability.
"The national carbon market is a pioneering undertaking. It is still in its infancy and needs to be continuously improved in the process of development." Li Gao said that there are still some problems in the national carbon market, including that the role of the market has not yet played a role. sufficient, and the quality of carbon emissions data needs to be improved.
Will gradually expand the coverage of the carbon market industry
The power industry is the largest carbon-emitting industry in my country, and its carbon emissions account for more than 40% of the country's total carbon emissions.
Lan Hong said that the power industry is also the first industry to enter the national carbon market, but in other manufacturing fields, carbon emissions cannot be ignored.
Mandatory carbon emissions trading can meet the needs of large-scale emission source carbon emissions trading; at the same time, the environmental benefits generated by small and medium-sized carbon reduction projects also need to obtain reasonable returns through trading, so as to solve the problem of lack of carbon reduction supply due to insufficient incentives. question.
The reporter learned that in the past 10 years, the voluntary emission reduction trading market has been continuously developed in China, and the voluntary emission reduction trading market has also become an important supplement to the national carbon market, which has made useful explorations to solve the problem of lack of carbon reduction supply.
In 2021, Zhengzhou City, Henan Province introduced a space heating system based on geothermal energy, replacing traditional coal-fired boiler heating.
The geothermal heating project can provide geothermal heat for a new residential building of 881,300 square meters, with a total heating load of 440.65 MW.
As an emerging technology, the cost of geothermal heating is high, and the market price is not dominant.
The geothermal heating project has introduced international funds and obtained the international voluntary emission reduction gold standard certification, and the heating enterprise has also become a carbon reduction supplier.
The emission reduction of the geothermal heating project in Zhengzhou City, Henan Province is credited for 5 years, and the certified carbon dioxide emission reduction is 2.4353 million tons. Therefore, the heating enterprise has obtained 83.4212 million yuan in carbon sales revenue.
In order to make basic preparations for expanding the coverage of the national carbon market industry, the Ministry of Ecology and Environment has carried out carbon emission data accounting, reporting and verification of high-emission industries such as iron and steel, nonferrous metals, building materials, petrochemicals, papermaking and aviation for many years. The carbon emission database of more than 7,000 companies in the industry from 2013 to 2020.
According to the "Notice on Doing a Good Job in the Management of Corporate Greenhouse Gas Emissions Reporting in 2022", the Ministry of Ecology and Environment is studying and formulating a quota allocation plan for the second compliance cycle of the national carbon market.
"In the next step, the national carbon market will adhere to its positioning as a policy tool for controlling greenhouse gas emissions, continue to strengthen the construction of market functions, gradually expand the coverage of the national carbon market industry, and enrich trading entities, trading varieties and trading methods." Li Gao said that ecological The Ministry of Environment will also continue to promote the construction of a national carbon market laws, regulations and policy system, promote the promulgation of the "Interim Regulations on the Management of Carbon Emissions Trading", improve the supporting trading system and related technical specifications; improve the long-term mechanism for data quality management, and build a national carbon market supervision Platform, establish and improve information disclosure and credit reporting and punishment management mechanisms, etc., effectively play the important role of market mechanisms in controlling greenhouse gas emissions, promoting green and low-carbon technological innovation, and promoting the realization of my country's carbon peak and carbon neutrality goals.