China News Service, February 26 (Xinhua) The State Council Information Office held a regular policy briefing of the State Council on February 26 to introduce the "Interim Regulations on the Management of Carbon Emissions Trading".
Zhao Yingmin, Vice Minister of the Ministry of Ecology and Environment, revealed at the meeting that since the launch of the national compulsory carbon market two and a half years ago, the overall operation has been stable, the system and regulations have been increasingly improved, and market activity has gradually increased.
Zhao Yingmin said that the Party Central Committee and the State Council attach great importance to addressing climate change.
Addressing climate change is not something others ask us to do, but something we have to do ourselves. It is an intrinsic requirement for my country's sustainable development.
It is necessary to actively and steadily promote carbon peak and carbon neutrality, and to build a more effective, more dynamic and more internationally influential carbon market.
Zhao Yingmin introduced that building a unified national carbon market is a major institutional innovation that promotes the green and low-carbon development of my country's economy and society.
Documents such as the report of the 20th National Congress of the Communist Party of China, the Opinions of the Central Committee of the Communist Party of China and the State Council on Completely, Accurately and Comprehensively Implementing the New Development Concept and Doing a Peak and Carbon Neutral Work, and the Opinions of the Central Committee of the Communist Party of China and the State Council on Comprehensively Promoting the Construction of a Beautiful China. Clear requirements have been put forward for the construction of a national carbon market.
The national carbon market can not only play the decisive role of the market in the allocation of carbon emission resources, but also achieve the organic combination of an effective market and a promising government. It is a policy tool to achieve low-cost carbon reduction for the whole society, and has received great attention from the international community.
China's carbon market is composed of the national carbon emissions trading market, which is the mandatory carbon market, and the national voluntary greenhouse gas emission reduction trading market, which is the voluntary carbon market. The mandatory and voluntary carbon markets have their own focus and operate independently. They are also complementary and interconnected, forming a national carbon market system.
Zhao Yingmin introduced that the "Interim Regulations on Carbon Emissions Trading Management" will come into effect on May 1 this year.
The "Regulations" are my country's first specialized regulations in the field of addressing climate change. It is the first time that the carbon emission rights market trading system has been clarified in the form of administrative regulations, which is a milestone.
The "Regulations" focus on clarifying institutional mechanisms, standardizing trading activities, ensuring data quality, punishing illegal activities, etc., providing a strong legal guarantee for the healthy development of my country's carbon market and opening up a new situation in the rule of law in my country's carbon market. .
The promulgation of the "Regulations" is of great significance to the realization of my country's dual carbon goals and the promotion of green and low-carbon transformation of the whole society.
Zhao Yingmin emphasized that since the launch of the national mandatory carbon market two and a half years ago, the overall operation has been stable, institutional regulations have been increasingly improved, market activity has gradually increased, the quality of carbon emission data has been comprehensively improved, carbon emission management capabilities have been significantly improved, and the role of the price discovery mechanism has become increasingly apparent.
Since the launch of the national voluntary carbon market at the beginning of this year, it has been operating generally smoothly.
The national carbon market not only promotes enterprises to reduce greenhouse gas emissions and promotes the green and low-carbon transformation of industries and high-quality development, but also anchors the benchmark price for the whole society to carry out carbon pricing activities such as climate investment and financing, carbon asset management, and promotes the attention and response of all sectors of society. In climate change work, we actively participate in carbon reduction, pollution reduction, green expansion and growth, and promote the low-carbon and green production and lifestyle, thereby promoting the green and low-carbon development of the whole society.
Zhao Yingmin said that in the next step, the Ministry of Ecology and Environment will take the promulgation of the Regulations as an opportunity to fully implement the relevant requirements of the Regulations, further improve relevant policy supporting systems, ensure the healthy, stable and orderly operation of the market, and strictly manage according to the law. Standardize operations, actively promote the construction of the carbon market, and contribute to achieving the goal of carbon peak carbon neutrality and building a beautiful China.