The first China Carbon Market Conference opened today in Shanghai
On November 8, the China Carbon Market Conference 2023 Shanghai was held at the Shanghai International Convention Center. With the theme of "Building a Carbon Emission Trading Market and Promoting the Realization of Carbon Peak and Carbon Neutrality", the conference comprehensively demonstrated the effectiveness of the construction of the national carbon market, created a "new business card" for international exchanges and cooperation on climate change, and demonstrated China's responsibility to implement the national strategy of actively responding to climate change and promoting the construction of a community with a shared future for mankind.
It is understood that in addition to the main venue, the conference also set up three sub-venues. Among them, the theme of the first session is the positive role of the market mechanism in controlling greenhouse gas emissions, inviting experts in relevant fields at home and abroad to share the relevant achievements of the carbon market, publicize the positive role of the carbon market in emission reduction, exchange the construction and development trend of the carbon market in China and the world, discuss how the carbon trading market can better support the "dual carbon" strategy, continuously enrich and improve the domestic carbon market system, promote the cooperation between China and the international carbon market, and open up ideas for the realization of the market mechanism to promote the high-quality development of green and low-carbon industries.
The theme of the second session is enterprise emission reduction and low-carbon transformation, and industry experts and enterprise representatives will be invited to exchange relevant topics and hot topics from the practice, opportunities, challenges and prospects of industry enterprises participating in climate change, and share the pilot experience and typical cases of enterprise emission reduction and low-carbon transformation.
The theme of the third session is carbon market and climate investment and financing, and well-known experts and scholars in the field of climate investment and financing will be invited to focus on the prospects and paths of financial assistance to carbon neutrality from the aspects of standard formulation, policy improvement, and management innovation, share and exchange beneficial experiences on how climate investment and financing can promote the development of green and low-carbon economy, discuss the future development trend of climate investment and financing, and jointly discuss the supporting role of climate investment and financing in promoting a low-carbon economy and promoting the realization of the goal of carbon peak and carbon neutrality.
The relevant person in charge of the Shanghai Municipal Bureau of Ecology and Environment told reporters that Shanghai is one of the earliest carbon market pilots in China. Since 2011, Shanghai has taken the lead in building a local carbon market, and has made a series of explorations in the construction of carbon emission trading policy system, carbon market operation and management, and carbon financial product innovation, and the role of carbon market in promoting the green and low-carbon transformation of enterprises has become increasingly apparent.
According to reports, at present, Shanghai's local carbon market has included more than 300 enterprises in 28 industries such as steel, electric power, chemicals, aviation, water transportation, construction, and data centers, attracting more than 1,800 units to open accounts and trade, including more than 1,100 institutional investors, and achieving a 100% corporate compliance rate for nine consecutive years. In terms of transaction scale, at the end of October 2023, the cumulative trading volume of spot varieties was 230 million tons, and the cumulative turnover was 3.8 billion yuan. The cumulative trading volume of spot varieties ranks among the top nine carbon markets in China.
The person in charge introduced that Shanghai has summarized three main experiences in the process of exploring the carbon market, one is the strong legal guarantee, in the year of the launch of the carbon market, the "Shanghai Carbon Emission Management Trial Measures" were promulgated, providing a strong legal guarantee for related work. This year, this method is being revised in combination with the requirements of the latest situation; second, the system is sound, not only the establishment of data monitoring, verification, trading and other management systems, but also the establishment of open, transparent, stable and efficient carbon emission trading rules; third, strong innovation, steadily promote the standardization and diversification of carbon finance exploration. These are all effective experiences provided by the practice of Shanghai's local carbon market for the launch of the national carbon emission trading market, and also provide a strong guarantee for the stable and orderly operation of the national carbon emission trading system.
He revealed that the next step of the work arrangement is mainly in three directions, one is to optimize and improve the quota allocation mechanism and accounting methodology, the second is to explore the construction of a multi-level carbon emission trading system, and the third is to continue to promote the innovation of carbon financial products.
