The basic framework of the national carbon market is initially established, which effectively exerts the carbon fixed price function

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 began a pilot of local carbon emissions transactions, and the pilot transactions of the 7 provinces and cities of Beijing, Tianjin, Shanghai, Shanghai, Chongqing, Guangdong, Hubei, and Shenzhen started the pilot transaction of carbon emissions rights. Ten years later, on July 16, 2021, the national carbon emission right trading market (hereinafter referred to as "national carbon market") was officially launched. On the first anniversary of the national carbon market listing, Li Gao, the director of the Ministry of Ecology and Environment, was interviewed by reporters. Li Gao said that during the operation of the carbon market in the country, the market was running smoothly and orderly, and the transaction price was steadily rising.

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. "Overall, the basic framework of the national carbon market has been initially established, which has initially emerged to promote the role of enterprise emission -reduced greenhouse gas and accelerate green low -carbon transformation, which effectively exerts the carbon price function." Li Gao said.

Build a national unified carbon market

Question: The first anniversary of the launch of the launch of the carbon market in the country, what is the operation of the market? What work will be carried out in the next step?

Li Gao: The Ministry of Ecology and Environment attaches great importance to the construction of a unified carbon emission right trading market in the country. In other tasks, the national carbon market was officially launched on July 16, 2021. During the operation of the carbon market in the country, the market was running smoothly and orderly, and the transaction price was steadily rising. Generally speaking, the basic framework of the national carbon market has been initially established, which promotes the role of enterprise emission -reduced greenhouse gas and accelerate the transformation of green low -carbon transformation, which has effectively played a carbon price function. In the next step, we will adhere to the work positioning of the national carbon market as a tool for controlling greenhouse gas emissions. The first is to continuously strengthen the national carbon market laws and regulations and policy systems, actively promote the introduction of the "Interim Regulations on the Management of Carbon Emissions Transaction Management" (hereinafter referred to as the "Regulations"), and improve the supporting trading system and related technical specifications. Legal foundation, departmental regulations, normative documents, and technical norms supporting institutional systems. The second is to strengthen data quality supervision and operating management level, establish and improve the management mechanism of information disclosure and credit reporting, and increase punishment for illegal and illegal acts; improve the long -term mechanism of data quality management, build a national carbon market supervision platform, strengthen data Daily supervision of quality. The third is to continue to strengthen market function construction, gradually expand the coverage of the carbon market industry in the country, and enrich trading entities, transaction varieties and transaction methods. The fourth is to comprehensively improve the comprehensive ability level of the market -related participants, and organize and organize a series of special training courses to interpret and data submission, system operation, market transaction and other links for important documents such as the national carbon market laws and regulations and technical specifications, and to the local competent authorities. , Related supporting agencies and key emission units carry out system training.

Where does the local carbon market go from?

Question: The national unified carbon market has been running for a year. What is the relationship between the carbon market in the next step? We noticed that it is still related to the national carbon emission registered registered registration agency and trading agencies of the Hubei Carbon Emissions Rights Trading Center and the Shanghai Environment Energy Exchange. What is the construction of the national carbon emission registered registration agency and trading agency?

Li Gao: In order to explore the accumulation of experience in the construction of the national carbon market, in October 2011, my country launched the pilot work of carbon emission rights in 7 provinces (cities) in Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Hubei and Shenzhen, and piloted the provinces and cities The carbon emission right trading market covers nearly 3,000 key emission units in more than 20 industries including electricity, steel, and cement. As of July 8, 2022, the cumulative trading volume of the pilot carbon market quota was 537 million tons and the turnover was 13.676 billion yuan. The performance rate of key emission units remains a high level, the total amount of carbon emissions and intensity within the market coverage remain dual -drop, effectively promote the reduction of corporate greenhouse gas emission, strengthen the low carbon awareness of all sectors of society, and accumulate valuables for the construction of the national carbon market construction. experience. In accordance with the decision -making deployment of the Party Central Committee and the State Council, on the basis of fully drawing on the experience of pilot carbon market, we use the power generation industry as the breakthrough, and promote the construction of the national carbon market in stages and steps in steps and steps. Since the launch of the national carbon market in July 2021, my country's carbon market's focus has shifted from local pilot demonstration to the construction and improvement of the national unified carbon market. According to the "Administrative Measures for the Transaction of Carbon Emissions (Trial)", the key emission units in the national carbon market have been included in the country. They will no longer participate in the local carbon market. The unity, integrity and fairness of the market. According to the "National Carbon Emissions Trading Market Construction Plan (Power Generation Industry)", the pilot carbon market will gradually transition to the national carbon market while continuing to explore the path for the national carbon market. In order to fully learn from the valuable experiences of provinces and cities in terms of carbon emission registration, transaction management, etc., and exert their respective advantages, the National Development and Reform Commission in 2017 and Hubei, Shanghai, Beijing, Tianjin, Jiangsu, Fujian Province , Guangdong Province, Chongqing, and Shenzhen Municipal People's Government signed a cooperation principle agreement on the construction of the national carbon emission registration system and the construction of trading systems and operation and maintenance work. The construction and operation and maintenance of the registered registration system and the trading system, and the remaining 8 provinces and cities participated in related work. At present, the unified national carbon emission registration system and trading system have been completed and put into operation. It has successfully carried out the registration, allocation, transaction, performance, settlement, etc. of the first performance cycle of carbon markets in the country, and is the key emission The unit provides effective services, providing strong supervision for the competent authorities, and effectively ensuring the smooth operation of the national carbon market. The Ministry of Ecology and Environment actively negotiated with Hubei Province, Shanghai, and related joint construction provinces and cities, and repeatedly discussed the establishment of registered registration agencies and trading agencies. In the next step, the Ministry of Ecology and Environment will support Hubei Province and Shanghai to accelerate the establishment of the national carbon emission registered registration agency and trading agencies, and play the role of joint construction of the joint construction of the province and cities to participate in the national carbon market construction. Carbon market coverage industry expansion

Question: The national carbon market is currently only included in the power generation industry, and the industry is relatively single. What are the considerations for incorporating other high -energy energy -consuming and high -emission industries?

Li Gao: The national carbon market is a major institutional innovation that uses market mechanism control and reduces greenhouse gas emissions and promotes green and low -carbon development. It is also one of the core policy tools to implement China's carbon peak carbon neutralization target. In 2017, with the consent of the State Council, the "National Carbon Emissions Trading Market Construction Plan (Power Generation Industry)" was issued and issued. The plan clearly made the power generation industry as the first industry into the national carbon market, and launched quota spot transactions among the transaction entities of the power generation industry. In the national carbon market's first performance cycle, we took the lead in incorporating the power generation industry with a good data foundation and a large amount of emissions. It also learned from the initial practices and experiences of the carbon market in other countries and regions. In order to do a good job of expanding the basic preparation of the carbon market coverage industry, we have carried out carbon emission data accounting, reporting and verification of steel, non -colored, building materials, petrochemicals, chemicals, papermaking, and aviation in steel for many years. -In 2020, there are more than 7,000 carbon emission databases in the above industry. Organizing the relevant technical specifications that meet the requirements of the national carbon market. On the basis of ensuring that the data quality management of relevant industries is feasible, comparable, and reliable, our department will accelerate the implementation of the relevant industry greenhouse gas emissions and reporting technologies in accordance with the principle of mature approval. Standardized revision. In the next step, we will adhere to the work positioning of the national carbon market as a tool for controlling greenhouse gas emissions policy. On the basis of a good operation of the spot market in the power generation industry, further improve the construction of the national carbon market supervision mechanism, handle key emission units and will be included in the power generation industry. The relationship between other key emission units in the carbon market in the country, continuously strengthen the quality management of data, and gradually expand the market coverage to more high -emission industries, enrich the transaction variety and transaction methods, and effectively exert the market mechanism to control greenhouse gas emissions, promote promotion The important role of green low -carbon technology innovation has promoted the realization of my country's carbon peak carbon neutrality.

Q: What are the plans for the development of carbon finance in the country in the country?

Li Gao: Healthy and orderly development of carbon finance helps to discover reasonable carbon prices, improve the carbon pricing mechanism, and promote the control enterprise incorporating the income of the carbon market to achieve carbon emission reduction targets in a cost -effective manner. However, it is not necessary to ignore that carbon finance also has risks that may cause severe fluctuations in carbon prices, increasing the risk of settlement of the amount of the amount of cashier enterprises; the innovation of carbon financial product innovation on the legal system, supervision and risk control capabilities, and market integrity environment, etc. High requirements. The premise of the development of carbon finance is the healthy and orderly operation of the carbon emission quota spot market and the effective prevention of risks such as finance. In accordance with the relevant deployment of the Party Central Committee and the State Council, only the spot trading of quota -spot trading in key emission units in the power generation industry in the early days of the national carbon market was operated. In the next step, the Ministry of Ecology and Environment will continue to adhere to the work positioning of the national carbon market as a tool for controlling greenhouse gas emissions policy. On the basis of the relevant departments, it is based on the risks of the national carbon market and the risk of preventing finance. Feasibility. Improve the transaction supervision mechanism

Question: The Ministry of Ecology and Environment notified a group of typical issues such as fake carbon emissions report data in March this year. How to strengthen management in terms of information disclosure? What is the progress of the relevant work of the "Interim Regulations on the Management of Carbon Emissions Transactions"?

Li Gao: The Ministry of Ecology and Environment attaches great importance to the construction of the national carbon market system, and has issued the "Measures for the Management of Carbon Emissions Rights Transaction (Trial)" (hereinafter referred to as the "Measures") and the registering, transaction, and settlement management rules for carbon emission rights, corporate greenhouse gas emissions Calculating and reporting and verifying technical guidelines, corresponding regulations on all aspects of the national carbon market and relevant party responsibilities, provide a basis for the construction, operation and supervision of the national carbon market, and build a policy and regulation system that supports the operation of the national carbon market. In terms of corporate information disclosure, the "Measures" stipulates that the annual greenhouse gas emissions reports compiled by key emission units should be regularly disclosed and accepted social supervision, except for state secrets and business secrets. The "Enterprise Greenhouse Gas Emissions An accounting Method and Report Guide Power Generation Facilities (Revised Edition 2022)" issued in March this year stipulates that key emission units shall disclose basic information, units and production facilities information when submitting annual greenhouse gas emissions reports of the year. , The determination method of low -level heat and element carbon content, emissions information, production and operation changes, technical service institutions that compile greenhouse gas emissions reports, and settlement and contracts, accept social supervision. Our ministry will continue to urge relevant arrangements to disclose information in accordance with regulations. At the same time, the Ministry of Ecology and Environment cooperates with relevant departments to actively promote the "Interim Regulations on the Management of Carbon Emissions Transactions" (hereinafter referred to as the "Regulations") legislative process to provide high -level legislative guarantees for the national carbon market. The current work of the Regulations is promoting in accordance with the procedures. In the next step, the Ministry of Ecology and Environment will continue to do a good job in the "Regulations". After the "Regulations" are introduced, improve the supporting system documents, and build the "Regulations" as the legal foundation, departmental regulations, standardized documents, and technical specifications supported by support. The institutional system provides institutional guarantee for the smooth and effective operation of the national carbon market and the sustainable development of health. Question: The first performance cycle of the national carbon market ended smoothly with a high performance rate of 99.5%. After the first performance cycle is over, did it punish an enterprise that did not perform in full on time? Is the punishment disclosure to society? Li Gao: In July 2021, the national carbon market was launched smoothly, covering 2162 key emission units in the power generation industry. As of December 31, 2021, the first performance cycle of the national carbon market ended, with a cumulative trading volume of carbon emission quotas of 179 million tons, a cumulative turnover of 7.661 billion yuan, and 99.5%of the performance completion rate of quota. In order to guide the local ecological environment authorities to do a good job in the first performance cycle of the national carbon market, key emission units in the national carbon market have not been ordered to make corrections and information disclosure related work on time. "Notice of the first performance of the national carbon market's first performance cycle" stipulates the deadline for key emission units that have not performed in full on time, and require the provincial ecological environment authorities to use the official website to this administrative area through the official website. The performance and related punishment are disclosed. At present, the relevant provincial (district, municipal) Department of Ecological Environment (Bureau) has announced the performance and punishment related situations on its official website.

When will CCER restart

Question: Since the announcement of the announcement of the National Development and Reform Commission has suspended the relevant work, CCER has been suspended for nearly 5 years. What are the current Ministry of Ecological Environment's consideration and work plan for restarting the CCER mechanism? Li Gao: The voluntary emission reduction transaction mechanism of greenhouse gas refers to quantifying the effect of renewable energy, energy saving and improving energy efficiency, forestry carbon exchange, methane utilization and other projects in China. The volume (CCER) can conduct a transaction mechanism. As of June 17, 2022, CCER's cumulative transaction volume was approximately 454 million tons of carbon dioxide, with a turnover of about 5.973 billion yuan. Establishing and improving the voluntary emission reduction transaction mechanism of greenhouse gas is conducive to regulating carbon prices in the national carbon market, driving green low -carbon technology innovation and industrial investment, promoting my country's renewable energy development, improving the ecological protection compensation mechanism, and promoting the realization of my country's carbon peak peaks in China , Carbon neutral and targets have an important role. According to the "Administrative Measures for Carbon Emissions Rights Transaction (Trial)", key emission units can use national certification to voluntarily reduce displacement to offset the clearance of carbon emission quotas each year. Essence From the perspective of the national carbon market practice and carbon emission right transaction pilot experience, CCER has provided enterprises with flexible performance choices and effectively reduces corporate performance costs. Development of carbon projects. At present, the Ministry of Ecology and Environment is combined with the new situation to accelerate the revision of the "Interim Measures for Volunteer Emperor's Email Transaction Transactions" and related supporting technical specifications. We noticed that all sectors of society are looking forward to the operation of resumed voluntary emission reduction transaction mechanisms. We will use the service dual carbon target as the fundamental starting point, do a good job of designing the top -level system, and on the basis of ensuring that the data is true and accurate and maintaining the market fairly, in accordance with the principle of gradual progress, It is easy and difficult, gradually expand the coverage, accelerate the construction and improvement of the greenhouse gas reduction transaction mechanism that is in line with Chinese national conditions, reflects Chinese characteristics, and effectively mobilize various market entities to actively participate in dual carbon work. Recently carried out climate investment and financing pilots

Question: On March 22 this year, the Ministry of Ecology and Environment held a special work meeting of the pilot review of climate investment and financing, and implemented the "Notice on the Pilot Work of Climate Investment and Financing" jointly issued by the Nine Departments of the Ministry of Ecology and Environment in December 2021 to organize the climate Investment and financing pilot review. Recently, various localities have participated in the trial reviews of the national pilot and financing of the nine departments organized by the Ministry of Ecology and Environment. Li Gao: At the end of last year, nine departments such as the Ministry of Ecology and Environment jointly issued the "Notice on the Pilot Work of Climate Investment and Financing" (Ring Office Climate [2021] No. 27), and officially launched the pilot work of climate investment and financing. In the first half of this year, our ministry, in conjunction with relevant departments, organized a pilot review of climate investment and financing. At present, the pilot review has ended, and we will jointly issue the "Notice on the release of the list of climate investment and financing pilot list" with the Eight Departments of the National Development and Reform Commission in the near future. In the next step, we will strengthen the guidance and support of the pilot place with relevant departments, promote the guiding role of government departments, and the leading role of various market entities such as financial institutions and enterprises, and focus on the construction of climate investment and financing project libraries. Climate investment and financing models and tool innovation, climate fund construction and other key tasks, carefully grasp the implementation of various tasks, and build a pilot of climate investment and financing at high quality. We will also regularly organize experts to conduct supervision, inspection, evaluation and evaluation of pilot places with relevant departments, timely sort out advanced experiences and good practices of pilot work, condense the best cases and effective models, and promote promotion at home and abroad.

Source 丨 21st Century Economic Herald Author 丨 Li Dchangyu's Title 丨 Interview with the Ministry of Ecological Environment Director Li Gao: The basic framework of the national carbon market is initially established, which effectively exerts the carbon fixed price function

Title Photography 丨 Editor -in -law 丨 Qin Chao review 丨 Xu Pingping

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