The first anniversary of the carbon market in Sichuan Sichuan carbon transaction handed over this "transcript"

Cover Journalist Zhu Ning

On July 15, 2021, the national carbon market officially launched a transaction. To this day, the national carbon market transaction has expired for one year. In Sichuan, a large province of clean energy, looking back at the "answer sheet" year, Sichuan -controlled enterprises actively reducing carbon and reducing performance and completing performances. According to the number of enterprises, the performance completion rate was 95.8%; according to the performance measure, the performance completion rate of the performance was completed. 99.7%, all higher than the national average, but the transaction activity during the performance of the contract is insufficient, and the problems of limited liquidity cannot be ignored.

Anniversary "transcript"

Sichuan carbon quota performance rate reaches 99.7%

The establishment of the national carbon emission right quota trading market is the first time that my country has compacted the liability for greenhouse gas control from the national level to the enterprise, and the performance of the carbon distribution is also the most concerned.

The so -called carbon emissions quota is the amount of carbon emissions allocated during the designated period of the government to control the discharge enterprise, and the unit is "ton". When the actual emission volume of the enterprise is higher than the quota, it needs to be purchased if the actual emissions are lower than the quota, and the balance part can be sold in the carbon market.

As of the end of the first performance period, a total of 46 enterprises in Sichuan Province completed the settlement and the contract on time. According to the number of enterprises, the completion rate of the performance was 95.8%; according to the performance measure, the performance completion rate was 99.7%, which was higher than the national average.

From the CCER market. As of now, the CCER in the Sichuan carbon market has a total of nearly 36 million tons of CCER, with a transaction value of more than 1 billion yuan, and the proportion of valid trading days exceeds 55%. The comparison caliber ranks fourth in the country.

He Jinfeng, chairman of the Sichuan United Environment Exchange, said that if there is no carbon market operating mechanism, the cost of reducing carbon reduction and emission reduction of enterprises may be higher; the first anniversary of the successful operation of the carbon market in the country will not only explain the formal establishment of my country's carbon trading system, At the same time, from the perspective of the operation of the year, the operation of the carbon market actually reduces the cost of reducing carbon reduction in exhaust -controlling enterprises.

Control enterprise

Introduce the CCER project to open up new "profit points"

In the first year of transaction data, the harvest of Sichuan -controlled enterprises in carbon transactions was also refracted. A large number of row enterprises have been upgraded through the adjustment of functional technical reforms in the carbon market, and even opened a new profit point. Sichuan Yongfeng Paper Co., Ltd. is one of them.

Yongfeng Paper (the interviewee)

Mr. He, the person in charge of Yongfeng Paper Carbon Trading, told reporters that because there was no related testing of coal in 2019, and its related metering facilities were not perfected, the quota gap was relatively large, with a discharge of about 100,000 tons, and the quota was only more than 60,000 tons of more than 60,000 tons. As a result, the company spent off -plan funds on the purchase of carbon distribution. However, by 2020, the company has performed relevant testing and basically achieved a self -sufficient quota.

Mr. He said: "For the lessons of the previous lack of carbon quotas, we have made a lot of technical changes. At present, the company’s carbon emission level basically reaches the benchmark line of the industry, but because we belong to old factories, the basic hardware facilities still have very very good facilities. The big room for improvement can also be reduced after the improvement of carbon emissions; in the process of technical reform, by using new technologies and new equipment, we will not only greatly improve product competitiveness, but also directly generate energy saving income. "

It is worth noting that, in addition to completing the technical reform of carbon reduction through the carbon market transaction, Yongfeng Paper has also begun to open up a new "profit point" through emission reduction projects. , CCR -related plans, this part of the project is real that can bring the company that did not have before. "

"Tide phenomenon" urgently needs to break the problem

75%trading occurred one month before the performance

In the first performance period, the liquidity of carbon transactions was relatively limited and the transaction activity was insufficient. In particular, the "tidal phenomenon" in the transaction also attracted the attention of all parties in the carbon market.

As a large carbon emissions, Sichuan Luzhou Chuannan Power Generation Co., Ltd. also faced the first phase of performance performance at the end of last year. The company's carbon trading person in charge Zhang Yanzhang told reporters that at the end of last year, the company successfully completed the first performance period for performance. Because of the insufficient carbon quota, 760,000 tons of carbon distribution and CCER were purchased in the carbon trading market. For more than 10,000 yuan.

Luzhou Sichuan South Power Generation (the respondent in the picture)

The reporter noticed that the company's carbon distribution transactions occurred shortly before the delivery period, and during the transaction, Sichuan South Power Generation only purchased a quota that could just be fulfilled, without additional storage of carbon quotas.

In fact, the "tidal phenomenon" that trading is not active and near the delivery period is only a problem facing the entire carbon market transaction.

Data show that except for the "opening" of the carbon market on the first day of the transaction of 4.104 million tons, the resuming daily transaction volume was only hundreds of thousands of tons. In 2021, 75%of the transactions occurred one month before the performance. After the end of the performance period, in January 2022, the transaction volume shrunk significantly, and the carbon market lost its liquidity again.

How to solve the "tide phenomenon"? He Jinfeng said: "In order to improve liquidity and activity, in terms of policy, first of all, the system of laws and regulations and mechanisms must ensure the stability and sustainability of the policy, followed by market adjustment and promotion."

He Jinfeng said that at present, the market is small, the industry is single, and the demand is the biggest problem.From the ends of supply and demand, if the number of participants in the industry and the market will increase, the possibility of transaction demand will increase.Because the main body of the current market participation is mainly the key control and emission enterprises incorporated. Only performance needs and next steps can also stimulate the objective existence of objective existence on the market, such as reserves and investment needs.Finally, He Jinfeng concluded that the carbon market itself is in its infancy, and some problems appear more normal. With the improvement of the top -level design, the stability of the policy gradually improves, and the carbon market operation will gradually meet the expectations.Peak carbon neutrality and target make positive contributions.

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