The construction of the national carbon market is ready to start online trading this month

Zhao Yingmin, deputy minister of the Ministry of Ecology and Environment, said on the 14th that the construction tasks related to the national carbon emission trading market have been basically completed, and all preparations are in place
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On the 7th of this month, the executive meeting of the State Council decided to launch the national carbon market online trading in July this year

Zhao Yingmin said at the State Council’s policy briefing held by the State Council Information Office that day that the national carbon emissions trading market has chosen the power generation industry as a breakthrough point.
After the power generation industry’s carbon market is operating healthily, the coverage of the carbon market will be further expanded

After the launch of online trading, my country will become the world's largest carbon market

The establishment of a national carbon emission trading market is a major institutional innovation to use market mechanisms to control and reduce greenhouse gas emissions and promote green and low-carbon development
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"This year is the first compliance cycle of the national carbon market.
More than 2,000 key emission units have been included in the power generation industry.
We estimate that these companies included in the first batch of carbon markets will emit more than 4 billion tons of carbon dioxide.
This means that China’s carbon emissions Once the emission trading market is launched, it will become the world's largest carbon market covering greenhouse gas emissions

The construction of China's carbon market started from local pilot projects
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In October 2011, Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Hubei and Shenzhen launched local pilot projects for carbon emissions trading

Zhao Yingmin said that at the end of 2017, the "National Carbon Emissions Trading Market Construction Plan (Power Generation Industry)" was released, requiring the establishment of a unified national carbon emission trading market
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Since 2018, the Ministry of Ecology and Environment has actively promoted the construction of the national carbon market, established an institutional system to support the operation of the national carbon market, and at the same time steadily formulated quota allocation implementation plans, carried out data quality management work, and completed related system construction and operation tests Tasks, organize capacity building and improve capacity level

Promote the construction of the national carbon market step by step

How can the national carbon market and the local carbon market ensure a smooth transition and integration? Li Gao, director of the Department of Climate Change Response of the Ministry of Ecology and Environment, said that on the basis of fully learning from the pilot carbon market experience, it is clear that the power generation industry will be a breakthrough to promote the construction of the national carbon market in stages and steps
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After the establishment of the national carbon market, the focus of work will shift to ensuring the smooth and effective operation of a unified national carbon emission trading market

Li Gao said that the local carbon market should gradually transition to the national carbon market
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At present, the national carbon market takes the power generation industry as a breakthrough, and key emission units in the power generation industry that participate in the national carbon emission rights trading market no longer participate in local carbon market transactions

"In terms of the specific transition timetable and roadmap, further research should be done based on the development of the national carbon market and the actual situation of local pilots
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With the establishment of a national carbon market, we will no longer support new local pilots

Use the power generation industry as a breakthrough to further expand industry coverage

Zhao Yingmin said that it is clear that the power generation industry is the first industry to be included in the national carbon market.
At the initial stage of the market, only spot trading of allowances will be carried out between the key emission units of the power generation industry.
The first batch of allowances was allocated and issued by key emission units in the power generation industry
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　　Why did the national carbon market choose the power generation industry as a breakthrough? Zhao Yingmin said that the power generation industry directly burns coal, and carbon dioxide emissions are relatively large
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At the same time, the management system of the power generation industry is relatively sound and the data foundation is relatively good
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The first inclusion of this industry can simultaneously play a synergistic role in reducing pollution and carbon
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　　Zhao Yingmin said that in the next step, after the healthy operation of the carbon market in the power generation industry, we will further expand the scope of the carbon market to cover industries and give full play to the important role of market mechanisms in controlling greenhouse gas emissions, promoting green and low-carbon technological innovation, and guiding climate investment and financing
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　　“After the launch of the carbon market, there is still a process of running-in, improvement and stability
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We hope that in this process, we will further lay the foundation for the subsequent expansion of industry coverage and the increase of trading varieties, accumulate experience, and promote the healthy development of China's carbon market
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” Zhao Yingmin Say
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(Reporter Liu Shiping Gao Jing)

　　Transfer from: Xinhua News Agency