Department of Ecology and Environment: Gradually expand the coverage of the carbon market industry in the country

The industry is expected that by 2030, the cumulative transaction volume is expected to reach 100 billion yuan

Reporter Guo Jichuan

On July 21, a spokesman for the Ministry of Ecology and Environment, Liu Youbin, said at a routine press conference in July that he insisted on the work positioning of the national carbon emissions trading market (hereinafter referred to as the "national carbon market") as controlling greenhouse gas emissions policy tools. Continue to strengthen the construction of market functions, gradually expand the coverage of the carbon market industry in the country, and enrich the trading entities, transaction varieties and transaction methods.

On July 16 this year, the national carbon market launched the first anniversary of launch transactions. According to data from the Ministry of Ecology and Environment, the nation's carbon market is the first batch of 2162 key emission units in the power generation industry, covering about 4.5 billion tons of carbon dioxide emissions, and is the world's largest carbon trading market. As of July 15, 2022, the national carbon market quota has a cumulative turnover of 194 million tons, with a cumulative turnover of nearly 8.5 billion yuan.

The "Chinese Carbon Market Review and Outlook (2022)" released by the Beijing Institute of Technology Energy and Environmental Policy Research Center predicts that after the completion of the eight major industries of electricity, petrochemical, chemical, building materials, steel, non -ferrous, paper, and aviation, the national carbon market quota in the country's carbon market The total amount may be expanded from the current 4.5 billion tons to 7 billion tons, covering about 60%of the total carbon dioxide emissions in my country. According to the current level of carbon price, the cumulative transaction volume is expected to reach 100 billion yuan by 2030.

Chen Jia, a researcher at the Institute of International Monetary of Renmin University of China, said in an interview with a reporter from the Securities Daily that in the past year, the national carbon market has achieved outstanding results in the carbon trading market system in the past year, showing the role of low -cost reduction demonstration role in promoting enterprises' low cost reduction model demonstrations It shows the major country strategy of my country that responds to climate change. Once the eight major industries such as power petrochemical will be fully covered in the future, it is of great significance to achieve the "double carbon" goal.

Chen Jia said: "Carbon transactions are a complex system project. The construction of carbon markets in the country must be gradual to solve the problem of quantitative and pricing of carbon transactions in different industries, different enterprises and institutions, and help enterprises save costs to improve efficiency."

Building the national carbon market is a major institutional innovation that uses market mechanism control and reduce greenhouse gas emissions and promote green and low -carbon development. The government distributed the carbon emissions quota to the enterprise through the corresponding mechanism. Once the actual emissions of the enterprise exceed the quota it owned, in order to complete the performance, the enterprise needs to purchase the quota of other market entities in the carbon trading market.

The relevant person in charge of the Department of Ecology and Environment responded to the Department of Climate Change also stated that the first performance cycle of the national carbon market was only included in the power generation industry. The transaction method was limited to the spot transactions of the quota for the volume control enterprises, which is not conducive to the active market. The mechanism is unfamiliar and there is a wait -and -see mentality.

Wu Qi, Executive Dean of the Wuxi Digital Economic Research Institute, told a reporter from the Securities Daily that the carbon market as part of the capital market can introduce technology and capital into the field of green and low -carbon, promote the research and development and application of advanced energy saving and low -carbon technology, and surrounds the development and application of advanced energy saving and low -carbon technology. Carbon emissions transactions, carbon emission reduction project transactions, and various derivative transactions combine carbon technology with finance, which is conducive to alleviating financing problems of energy saving and emission reduction, transformation and upgrading of enterprises. Prosperity.

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