Chinanews.com, July 14th. Will China's carbon price gradually converge with international standards in the future?

Zhao Yingmin, deputy minister of the Ministry of Ecology and Environment, stated on the 14th that carbon prices are determined by their respective market transactions, and there is basically no significant carbon price impact between each other.

At present, China is actively advancing the negotiation process of Article 6 of the Paris Agreement and promoting the establishment of a global carbon market mechanism under the Paris Agreement.

  On the 14th, the State Council Information Office held a regular policy briefing by the State Council to introduce the launch of the national carbon emissions trading market on-line trading.

At the meeting, a reporter asked questions that after the national carbon market goes online, China will have the world's largest carbon market.

Compared with other mature international carbon markets, the current average carbon price in China is still at a relatively low level?

In the future, as the carbon peak and the carbon neutral timetable continue to advance, will China's carbon price gradually converge with the international level?

  Zhao Yingmin said that first of all, China's carbon market has launched online trading, which is an important step in global climate action.

China's carbon market will become the world's largest market covering greenhouse gas emissions as soon as it is launched. Therefore, the launch of China's carbon market will add new impetus and confidence to global cooperation in addressing climate change, and will also provide reference for other countries and regions in the world.

According to the World Bank report, there are currently 61 regional, national or local carbon pricing mechanisms in the world, of which 31 are carbon emission trading mechanisms and 30 are carbon tax systems.

  "These systems operate independently. Therefore, it is normal for a carbon market to have a carbon price. Carbon prices are determined by their respective market transactions, and there is basically no significant carbon price impact between each other." Zhao Yingmin said, “Implementing the goals, principles and requirements of the United Nations Framework Convention on Climate Change and the Paris Agreement, lowering tariffs, reducing barriers, and promoting trade and investment liberalization and facilitation is an active response to climate change and promoting the world An important guarantee for achieving sustainable development and building a community with a shared future for mankind."

  Zhao Yingmin pointed out that the issue of how the carbon market connects between different markets or between different countries is more complicated.

The convergence of the carbon market between different countries and regions requires a series of complex laws, systems, policies, standards, and technologies to be resolved.

At present, China is actively advancing the negotiation process of Article 6 of the Paris Agreement and promoting the establishment of a global carbon market mechanism under the Paris Agreement.

  "We believe that all parties should abide by the principles of fairness, common but differentiated responsibilities and respective capabilities stipulated in the United Nations Framework Convention on Climate Change, uphold multilateralism, join hands in tackling climate change, and encourage and help those in need. Contracting parties carry out climate change mitigation and adaptation actions, including carbon markets, to guide the healthy development of global climate action.” Zhao Yingmin said, “In this process, we must especially oppose and avoid unilateralism and unilateral action to destroy the hard-won at present. The international climate change cooperation atmosphere will keep the momentum of global climate governance going forward."

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