The cumulative turnover of the national carbon market has reached nearly 8.5 billion yuan since its launch

Recently, Liu Youbin, spokesperson of the Ministry of Ecology and Environment, said at a regular press conference in July that the national carbon market has been running smoothly since the start of the year.
8.
492 billion yuan
.

Liu Youbin said that the national carbon market is an important policy tool to implement the carbon neutrality goal of peaking and is an important engine to promote green and low-carbon development
.
In the first compliance cycle of the national carbon market, a total of 2,162 key emission units in the power generation industry were included, covering about 4.
5 billion tons of carbon dioxide emissions annually, making it the carbon market with the largest coverage in the world
.

"The incentive and restraint role of the national carbon market has initially appeared
.
Through the market mechanism, the responsibility for carbon emission reduction has been implemented to enterprises nationwide for the first time, which has enhanced the enterprise's low-carbon development awareness of "carbon emission has costs and carbon reduction has benefits", and effectively played a role in Carbon pricing function
.
" Liu Youbin said that the national carbon market has become an important window to demonstrate China's active response to climate change
.
The national carbon market is not only a policy tool for China to control greenhouse gas emissions, but also provides a reference for developing countries to establish a carbon market
.

The Ministry of Ecology and Environment attaches great importance to the construction of the national carbon emission rights trading market, actively and steadily promotes various tasks such as institutional systems, technical specifications, infrastructure, and capacity building, and promotes positive progress in the construction of the national carbon market
.
A national carbon market system has been initially established, and an integrated management framework of “allowance allocation-data management-transaction supervision-law enforcement inspection-support platform” has been formed
.
Severely crack down on falsification of carbon emissions data
.
It organized and carried out special supervision and assistance on the quality of carbon emission reports nationwide, and disclosed to the public the typical cases of carbon market data fraud, which effectively played a warning and deterrent role
.

Building a national carbon market is a complex and systematic project that is still in its infancy
.
In the next step, the Ministry of Ecology and Environment will adhere to the national carbon market as a policy tool for controlling greenhouse gas emissions, continue to strengthen the national carbon market laws, regulations and policy system, actively promote the promulgation of the Interim Regulations on the Management of Carbon Emissions Trading, and improve supporting transactions system and related technical specifications
.
Strengthen data quality supervision and operation management, establish and improve information disclosure and credit reporting punishment management mechanisms, and increase punishment for violations of laws and regulations
.
Continue to strengthen the construction of market functions, gradually expand the coverage of the national carbon market industry, and enrich trading entities, trading varieties and trading methods
.