China News Service, Beijing, October 27 (Reporter Ruan Yulin) Li Gao, director of the Climate Change Department of the Ministry of Ecology and Environment of China, told reporters in Beijing on the 27th that in July 2021, the national carbon emissions trading market officially launched online trading.
As of October 21, 2022, the cumulative transaction volume of carbon emission allowances was about 196 million tons, with a cumulative transaction value of 8.58 billion yuan, and the market operation was generally stable and orderly.
On July 16, 2021, the national carbon emissions trading market officially launched online trading.
A total of 2,162 key emission units in the power generation industry were included in the first compliance cycle, covering about 4.5 billion tons of carbon dioxide emissions annually, making it the carbon market with the largest coverage in the world.
Li Gao said that, in general, after the construction and operation of the first compliance cycle, the national carbon market has established a basic framework system, opened up various key process links, and initially played the role of the carbon price discovery mechanism, effectively improving the The awareness and ability of enterprises to reduce greenhouse gas emissions and accelerate green and low-carbon transformation have achieved the expected goals.
"In response to the data quality problems in the early stage of the carbon market operation, we disclosed to the public the typical cases of data fraud in carbon emission reports of four institutions, carried out special supervision and assistance, and severely investigated and punished all kinds of data fraud, which produced a strong deterrent effect", Li Gao Say.
Li Gao said that in the next step, the market function will be further strengthened.
On the basis of the stable operation of the carbon market, gradually expand the industry coverage of the national carbon market, and enrich the trading entities, trading varieties and trading methods.
Strengthen the capacity building of market players.
Focusing on important documents such as national carbon market laws and regulations, technical specifications, etc., further systematic training for market players will be carried out to further enhance the comprehensive capabilities of market players.
By giving better play to the role of the incentive and restraint mechanism of the carbon market, we will help carbon achieve peak carbon neutrality.
Li Gao revealed that on the basis of comprehensively summarizing the practical experience of the first contract performance cycle, various preparations for the new contract performance cycle are being accelerated, and the relevant quota allocation plan will be publicly solicited for comments in the near future.
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