The stable operation of the carbon market has achieved remarkable results in emission reduction

The first anniversary of the official launch of the national carbon market online trading
.
Under the leadership of the Ministry of Ecology and Environment, since the launch of the national carbon market on July 16 last year, the overall operation has been stable, and the emission reduction has achieved remarkable results.
The registration and settlement account opening rate of 2,162 power generation enterprises has reached 100%, and the first contract performance period has been successfully completed.
It has made important contributions to the realization of the "double carbon" goal
.
On July 15, the one-year anniversary summary and signing event of the national carbon market was grandly held in Wuhan
.
China Petroleum and Chemical Industry Federation and Carbon Emissions Registration and Settlement (Wuhan) Co.
, Ltd.
signed a strategic cooperation agreement for Petrochemical Federation to support the construction of the national carbon market
.

The picture shows Sun Weishan, member of the Standing Committee of the Party Committee and Vice President of China Petrochemical Federation, and other association representatives attending the signing ceremony of the strategic cooperation agreement for the industry association to support the construction of the national carbon market
.

According to Chen Zhixiang, Chairman of Carbon Emission Rights Registration and Settlement (Wuhan) Co.
, Ltd.
(referred to as China Carbon Deng), since the opening of online trading on July 16, 2021, China Carbon Deng has always ensured the smooth operation of the national carbon market with high standards: First, in terms of registration, a total of 2,162 key emission control enterprises in the power generation industry have opened accounts, and the account opening rate has reached 100%; in the first performance cycle, we have assisted ecological and environmental authorities at all levels in issuing carbon emission allowances of more than 9 billion tons.
, the total registered assets exceeded 500 billion yuan
.

Second, in terms of transaction settlement, there has not been a single day of abnormal transaction settlement and settlement since the start of trading in the national carbon market
.
As of July 8, 2022, a total of 237 trading days have been cleared and settled, with a total clearing amount of 16.
981 billion yuan
.

Thirdly, in terms of contract performance and settlement, as of the deadline for contract performance on December 31, 2021, China Carbon Deng assisted ecological and environmental authorities at all levels and key emission units to complete the quota settlement work, with a compliance rate of 99.
5%, and the first year of contract performance and settlement.
The work is completed successfully
.

Li Gao, director of the Department of Climate Change of the Ministry of Ecology and Environment, said at the meeting that it is necessary to thoroughly study and implement the spirit of General Secretary Xi Jinping's series of important speeches, take carbon peaking and carbon neutrality as a historic task in the construction of ecological civilization, and actively and steadily promote the national carbon market.
building
.

During the signing session, the "Strategic Cooperation Agreement for Jointly Establishing Provinces and Cities to Support the Construction of the National Carbon Market", "The Cooperation Agreement for the Fund Settlement Business of the Settlement Bank", "The Cooperation Agreement for Financial Institutions Supporting the National Climate Investment and Financing Development", and the "Industry Association Supporting the Construction of the National Carbon Market" were signed.
Strategic Cooperation Agreement
.

Experts and scholars from the National Center for Climate Change Strategy Research and International Cooperation and the People's Bank of China delivered keynote speeches at the subsequent forum on "Practice, Challenges and Prospects for the First Anniversary of the National Carbon Market"
.
Experts at the meeting said that the carbon market is the main policy to achieve carbon peaking and carbon neutrality.
China should continue to innovate the carbon trading market system system, give full play to the role of the market in optimizing the allocation of ecological and environmental resources, and form a carbon market incentive and emission reduction mechanism.
, accelerate the formulation and improvement of relevant fiscal, taxation and financial policies, increase the research and development and application of low-carbon emission reduction technologies, and focus on the realization of carbon peaks and carbon neutrality
.

The forum set up two roundtables
.
Representatives from Huaneng Carbon Assets Management Co.
, Ltd.
, PetroChina International Co.
, Ltd.
and other companies discussed the theme of "Advanced Work Experience and Effectiveness Sharing in the First Implementation Period of the National Carbon Market"
.