Investigation report: The national carbon market is expected to mature in five years

On December 8, the "China Carbon Price Survey Report 2020" (hereinafter referred to as the "Report") jointly prepared by China Carbon Forum, ICF International Consulting, and Beijing China Venture Carbon Investment was released in Beijing.

According to reports, this report collected feedback from 567 people in various industries on China's carbon market expectations.

The results of the report show that about half of the respondents expect that the national carbon market will officially start trading in 2021.

According to the reporter's understanding, the carbon market survey was conducted from July to August 2020.

The report predicts that at the beginning of the establishment, the national carbon emission rights trading price is expected to be about 49 yuan/ton, and the carbon price is expected to reach 93 yuan/ton by 2030, and exceed 167 yuan/ton in the middle of this century.

According to the reporter’s understanding, from 2013 to 2016, my country has successively launched carbon market pilots in five cities: Beijing, Chongqing, Shanghai, Tianjin, and Shenzhen, and three provinces of Guangdong, Hubei, and Fujian.

my country’s carbon market is about to be established, but the report results show that during the survey process, more than half of the interviewed companies are still insufficiently prepared-“I don’t know when they will be included in the carbon trading market”, “corporate leaders don’t pay enough attention”, “ There are no full-time employees responsible for carbon asset management and emissions trading business" and other feedbacks appeared in the report response.

In this regard, the report cited a suggestion from an interviewee from a power company in Hubei that before joining the national carbon emissions trading system, "the company's internal system construction and division of responsibilities need to be further optimized.

　　The report concluded that, judging from the survey results in recent years, people in the industry generally believe that the construction of a carbon emission trading system will have an increasing impact on investment decisions.
Long Di pointed out that as the climate transition is gaining momentum in China and globally, companies should take the carbon price into consideration when making investment decisions.

　　Beate Trankmann, the representative of the United Nations Development Program in China, said at the press conference: "Carbon price reflects all the costs of burning fossil fuels.
It is an important factor in stimulating the transformation of a low-carbon economy.
It is also our response to climate change and achieving sustainable development goals.
Part of the joint effort made.
"

　　Chen Lingyan, director of the Energy Foundation's China Low-Carbon Transformation Project, pointed out that my country’s recent carbon peaking and carbon neutrality targets have released a strong signal to the market, but at the same time it also requires a lot of capital and human input to achieve this goal.
.
To this end, she emphasized: "To achieve the climate goals, public funds and market resources are required to form a joint force.
During the '14th Five-Year Plan' period, it is recommended that my country's environmental and financial sectors conduct more dialogues and pay more attention to the connection of carbon markets and carbon finance.
, To carry out more coordination work in the design of carbon market mechanisms.
"

　　Balázs Horváth, Senior Economic Advisor for the Asia-Pacific Region of the United Nations Development Program, also emphasized that the establishment of China’s carbon market is likely to affect future investment decisions in renewable energy and other industries.
Pay attention to future carbon price expectations, not just the current carbon price.

　　Another co-author of the report, Qian Guoqiang, deputy general manager of China Venture Carbon Investment Corporation, said: "Carbon price will be one of the important means to promote emission reduction, which will help China to build a carbon-neutral society by 2060.
The long-term vision is particularly important.
We hope that the national carbon market can start trading as soon as possible.
"

Transfer from: People's Daily Online

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