At 9:30 am on July 16, the much-watched national carbon emission trading market officially opened, which means that the world's largest carbon market officially went online for trading. The opening price of the carbon allowance was 48 yuan/ton.
This is the first batch of 2225 companies in the power generation industry to have carbon emissions exceeding 4 billion tons of carbon dioxide. It will become the world's largest carbon market covering greenhouse gas emissions. The launch of the national carbon market will accelerate China's carbon peak and carbon neutral progress in an all-round way and fulfill China's commitments.
The "big data hub" of this market is located in Wuhan, Hubei, and it is responsible for the registration, transaction settlement, distribution and performance of carbon emission rights. "Hubei's success, the nation's success." As the core support system of China's carbon market, the establishment of the National Carbon Emission Right Registration and Settlement System ("China Carbon Deng") in Wuhan, Hubei will bring more than 100 billion yuan of industries and lead the green rise of Central China.
In 2011, China launched carbon emission trading pilots in seven provinces including Beijing, Tianjin, Shanghai, Chongqing, Hubei, Guangdong, and Shenzhen, which opened a long road of exploration.
From a long-term perspective, the overall trend of carbon emission allowances is still to shrink. Thermal power companies have approached the "extreme" emission reduction through technological innovation, and will accelerate the transition to new energy generation models such as biomass, wind power, and photovoltaic power generation.
According to the overall design of the national carbon market, in the future, there will be 8 high-energy-consuming industries included in the national carbon market, including electricity, petrochemicals, chemicals, building materials, steel, non-ferrous metals, paper, and civil aviation. By then, my country will become the world's largest carbon emissions trading market.
The so-called "carbon emission" refers to the process of emitting greenhouse gases (carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, sulfur hexafluoride, etc.) to the outside world during human production and business activities.
Carbon emissions are currently considered to be one of the main causes of global warming. The largest proportion of my country's carbon emissions (54%) comes from the burning of fossil fuels in the production process of the electricity and heating sectors.
The "carbon emission right" refers to the right of an enterprise to emit greenhouse gases into the atmosphere in accordance with the law. After approval by the local Development and Reform Commission (now in charge of the environmental protection department), companies will obtain quotas for greenhouse gas emissions within a certain period of time. When the company's actual emissions exceed the quota, the excess must be purchased with money; when the company's actual emissions are less than the quota, the surplus can be carried forward or sold.
It is worth noting that 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. It is to achieve carbon peak, carbon neutrality and national independent contribution goals. Important policy tool.
