What is the keyword of the development of the national carbon market at the end of the first anniversary?

Author:21st Century Economic report Time:2022.07.15

21st Century Economic Herald reporter Li Dushangyu Liu Qian Intern Jiang Ziqi Zhang Xu Wuhan reported that the national carbon emission right trading market (hereinafter referred to as the "national carbon market") is not only an important policy tool for implementing the "dual carbon" goal, but also to respond to climate change. Important engines to promote green and low -carbon development.

On July 15, the first anniversary of the carbon market in the country was held in Wuhan. Many government departments, scientific research institutions, financial institutions and enterprise representatives attended the meeting, summarized the practice and challenges of the first anniversary of the national carbon market, and looked forward to the future.

Since the national carbon market was officially launched on July 16, 2021, the basic framework was initially established. Li Gao, the director of the Ministry of Ecology and Environment, said that the construction of the carbon market in the country has achieved positive results and the market operation is stable and orderly.

Effectively exerting the carbon market function is a long -term work to promote the healthy development of the carbon market. The guests mentioned that next, the role of the national carbon market should be given full play, and its carbon pricing function should be continuously improved to form long -term stable carbon assets. At the same time, building a unified carbon market in the country also needs to systematically change existing laws.

National carbon market runs smoothly and orderly

Data show that as of July 14, 2022, the cumulative trading volume of carbon emission quotas was about 194 million tons, with a cumulative turnover of 8.492 billion yuan.

The national carbon market construction has made a good start. Li Gao said that the next step will adhere to the basic positioning of the national carbon market as the control of greenhouse gas emissions policy tools, continue to strengthen the construction of the national carbon market, accelerate the improvement of institutional mechanisms, strengthen data quality management, gradually expand industry coverage and trading entities, enrich transactions Variety and transaction methods.

The national carbon emission registration system, as an infrastructure platform for the national carbon market, is not only the big data center and underlying database of the national carbon assets, but also the core platform of the national carbon market registration.

Chen Zhixiang, chairman of the Rights of Carbon Emissions (Wuhan) Co., Ltd., reported on the "working situation of the first anniversary of the national carbon market in China". He introduced that China Carbon has made measures such as completing quota distribution, innovation settlement system, regulatory improvement performers, optimizing the registration and settlement system, and building the "two centers and three centers" architecture in the past year. Next, it will continue to promote the national carbon market to play a carbon emission reduction function through improvement of the business system, carbon financial innovation, and opening the CCER mechanism.

Give full play to the role of the market mechanism

In 2011, my country began a pilot transaction of local carbon emission rights. Ten years after the local pilot, on July 16, 2021, the national carbon market was officially launched, which marked that my country's carbon market's focus has shifted from local pilots to the construction and improvement of the national unified carbon market.

How to build a national carbon market? Zhang Xin, the state's response to the strategic research of climate change and the general agent of the International Cooperation Center, believes that the core is to give full play to the role of the market mechanism of the national carbon market and continue to improve its carbon pricing function. This requires the basic positioning of "the national carbon market is a carbon emission reduction tool", consolidate the legal and regulations of the national carbon market, seize the life line of the quality of the national carbon market data, and gradually expand the industry and greenhouses covered by the national carbon market in an orderly manner. The types of gas are constantly enriching trading subjects and transaction varieties.

"More importantly, carbon finance is healthy and orderly." Zhang Xin emphasized that by improving the market function of the national carbon market, we can effectively guide the development of green and low carbon in the whole society.

Form long -term stable carbon assets

Carbon finance has become a hot word for the carbon market and green finance in recent years.

Li Bin, deputy president of the Wuhan Branch of the People's Bank of China, believes that the power of carbon emissions, as the underlying assets of carbon finance, is the basic requirements for the value of carbon emissions assets. It is difficult to be stable in internal stability, and it is difficult to serve as the investment and financing standard of financial assets, and it is difficult to play the supporting role of the carbon market. At this stage, the performance period of carbon emission rights, the duration of the deposit and the pledge period, and duration of the financial products are not matched, and the financial attributes of the carbon emission rights have not been fully displayed.

"In the long run, the financial market is very expected to plan to promote carbon distribution as soon as possible to gradually transition from free distribution to market auction, so that carbon emission rights form initial prices through the market, thereby forming long -term stable carbon assets, and determining its statutory rights and interests. Believe itly. The establishment of the asset attributes and legal status of carbon assets will greatly promote the construction of the carbon market and make it an effective tool for achieving dual carbon targets. "Li Bin said.

At present, in the early days of the pilot markets of the country, the carbon market transaction management measures were formulated based on the actual situation of various regions, and the provisions of the distribution, settlement, duration, and adjustment of carbon quotas were formulated. market.

Li Bin believes that it is necessary to gradually unify the carbon market transaction management measures across the country, promote the Unicom of the local carbon market and the national carbon market, and create conditions for the mutual recognition and circulation of carbon emissions in different markets. In addition, it is necessary to consider the positioning of the local pilot carbon market, focusing on the development of multi -level carbon market construction and the development of the national carbon market dislocation and Unicom.

The existing law is required for systemic changes

The Opinions of the CPC Central Committee and the State Council on Accelerating the Construction of the National Unified Unified Market in April this year pointed out that it is necessary to cultivate the development of a national unified ecological environment market and clarify the national unified carbon emission right trading market. Important content, and propose unified and standardized industry standards and transaction supervision mechanisms. In 2011, my country clearly proposed the "gradually establishing a carbon emission trading market" in the "Outline of the Twelfth Five -Year Plan". This is the first time that the Chinese government has proposed to establish the domestic carbon market in formal documents. Ten years later, the national carbon emissions trading market was officially launched on July 16, 2021. For one year, the basic framework of the national carbon market has been initially established, but it still needs to continue to strengthen the national carbon market laws and regulations and policy systems.

According to the deployment of the Ministry of Ecology and Environment, the next step will be actively promoted to the "Interim Regulations on the Management of Carbon Emissions Transactions" (hereinafter referred to as the "Regulations"), and the supporting transaction system and related technical specifications will be improved. Regulations, normative documents, and technical specifications are supported by support.

Vice President of the Environmental Resources Law Research Association of the Chinese Law Society, Professor of Law School of the University of Central South China University of Finance and Economics and Law, and Bo Dao Gao Lihong believes that the "dual carbon" goal puts forward a systematic requirement for the law. It is not just that one or two laws can be formulated It is solved that because of the space for social life, industry, and national development, we need to systematically change our existing laws.

Gao Lihong also mentioned that from a legal perspective, corporate emission reduction requires initiative. If companies are not actively reduced, they may become the object of litigation. Therefore, enterprises should take the time to conduct carbon footprint assessment, low -carbon certification, and voluntary emission reduction. At the same time, the carbon emission information is disclosed, and the carbon trading rules are observed.

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