National carbon market launch anniversary, the transaction volume ranks first in the world

Latest News: On July 16, the first anniversary of the launch of the national carbon emission trading market, under the guidance of the Shanghai Municipal Bureau of Ecology and Environment and the Shanghai Local Financial Supervision and Administration, Shanghai Environmental Energy The Exchange (referred to as “Shanghai Huanxue”) and Shanghai United Assets and Equity Exchange (abbreviated as “Shanghai Stock Exchange”) held the first “2022 China International Carbon Trading” in the trading hall of Shanghai Huanxue through a combination of online and offline methods. Assembly” (“Assembly”).

The reporter learned from the Shanghai Environmental Exchange that as of July 15, the cumulative trading volume of carbon emission allowances (CEAs) in the national carbon market exceeded 194 million tons, far exceeding the trading volume of the EU and South Korea markets during the same period, ranking first in the global carbon market. The turnover was nearly 8.5 billion yuan.

“The carbon market and carbon pricing mechanism are important measures to deal with global climate change. In the multilateral process of global climate governance over the past three decades, the carbon market has become an increasingly important topic.” At the conference, China’s special envoy for climate change, Xie Zhenhua, made an announcement via video link In the keynote speech, he stated that the carbon market is an important area of ​​cooperation between China and relevant countries on climate change. In the future, he will continue to actively participate in international negotiations on the global carbon market and contribute Chinese solutions and Chinese wisdom.

Since the launch of the national carbon market on July 16, 2021, the overall market has been running smoothly. The first batch of 2,162 key emission units included in the power generation industry, covering about 4.5 billion tons of carbon dioxide emissions, is the largest carbon market in the world. The first performance cycle was successfully concluded on December 31, 2021, with a completion rate of 99.5% and an average transaction price of 42.85 yuan/ton. According to the unified national deployment, it will be gradually included in the key emission units of petrochemical, chemical, building materials, steel, nonferrous metals, paper, aviation and other industries in the future.

Li Gao, director of the Department of Climate Change of the Ministry of Ecology and Environment of China, pointed out that the role of the national carbon market in promoting corporate emission reduction and carbon pricing has initially appeared, and it has received high attention and evaluation at home and abroad. The next step is to actively promote the promulgation of the “Interim Regulations on the Management of Carbon Emissions Trading”, continue to improve relevant laws and regulations, trading systems, management levels, etc., gradually expand the coverage of the national carbon market industry, and improve the comprehensive capabilities of relevant market participants.

It is worth mentioning that, as one of the first local pilots of carbon emissions trading in China, Shanghai’s carbon emissions trading has been running smoothly since its launch in 2013. It is also the only region in the country that has achieved 100% compliance by companies for 8 consecutive years. . At present, the Shanghai carbon market has included 27 industries and about 300 companies.

Cheng Peng, director of the Shanghai Municipal Bureau of Ecology and Environment, said that Shanghai will continue to strengthen the linkage between the carbon market and the capital market, increase the intensity of various carbon financial innovations, actively promote the establishment of a regional carbon market, and study and formulate the integrated development of the carbon market in the Yangtze River Delta region. feasibility and work plan. In addition, Shanghai is currently building a “Shanghai version” of carbon inclusiveness, and plans to release the “Shanghai Carbon Inclusiveness System Construction Work Plan” in the second half of the year, striving to make carbon inclusiveness a bright part of Shanghai’s practice of green and low-carbon development.

It is reported that the Shanghai Environmental Exchange has launched the development of the “Carbon Price Index”, committed to creating a “wind vane” for carbon market prices, and simultaneously released the “Standards for the Evaluation of Enterprise Carbon Credit” to analyze and evaluate the dual-carbon adaptability of enterprises. Evaluate the value of taking the initiative to reduce carbon emissions.