Beijing will undertake the construction of the National Voluntary Emission Reduction Trading Center

Recently, the Ministry of Ecology and Environment decided to support Beijing in the construction of the National Voluntary Emission Reduction Trading Center through the joint construction of the ministry and city, so as to serve the national vision of carbon peaking and carbon neutrality

Wang Huijun, executive deputy general manager of Beijing Green Exchange Co.

In 2013, as one of the first batch of pilot provinces and cities in the country, Beijing innovatively explored the establishment of a pilot market for carbon emission trading under total carbon dioxide control.

The person in charge of the Climate Change Department of the Beijing Municipal Bureau of Ecology and Environment introduced that after 8 years of operation, the pilot mechanism of the Beijing carbon market has been gradually improved, market transactions have become more active, and the price of carbon allowances has risen steadily, with the highest carbon price among the seven pilot carbon markets in the country

At present, the state plans to launch the China Voluntary Greenhouse Gas Emission Reduction (CCER) trading mechanism to encourage companies that do not undertake mandatory emission reduction obligations to actively develop forestry carbon sinks, methane recycling, and solar and wind energy utilization and other greenhouse gas emission reduction projects

Data shows that in the first compliance cycle of the national carbon market, Beijing Green Exchange has provided CCER trading services for more than 450 power plants across the country, completing 18.