1.5 million tons of carbon emission allowances!Beijing issued a notice to carry out paid bidding for the issuance of carbon emission allowances in 2022

On June 30, the Beijing Municipal Bureau of Ecology and Environment issued a notice on the issuance of paid bidding for carbon emission allowances in the city in 2022, which showed that the number of carbon emission allowances issued by this paid bidding was 1.5 million tons.

Notice of the Beijing Municipal Bureau of Ecology and Environment on Carrying out the Paid Bidding for the Issuance of Carbon Emission Allowances in Beijing in 2022

Circular [2023] No. 18

In accordance with the relevant provisions of the "Beijing Municipal Carbon Emission Trading Management Measures (Trial)" (Jing Zheng Fa [2014] No. 14) and the "Notice of the Beijing Municipal Bureau of Ecology and Environment on Doing a Good Job in the Management of Carbon Emission Units and the Pilot Work of Carbon Emission Trading in Beijing in 2023" (Jing Huan Fa [2023] No. 5), it has been decided to carry out the paid bidding for the issuance of carbon emission allowances in the city in 2022, and the relevant matters are hereby notified as follows:

1. Distribution time

August 1, 2023.

2. The total amount of distribution

The number of carbon emission allowances issued in this paid auction is 1.5 million tons.

3. Distribution method

Entrusted to Beijing Green Exchange Co., Ltd. through the Beijing carbon emission allowance electronic trading platform.

4. Participant Qualifications

For the city's key carbon emission units in 2022 and other units that voluntarily participate in the transaction, the participants must have completed the relevant work such as trading account opening.

5. Declare the bidding volume

The bidding volume declared by a single key carbon emission unit shall not exceed 15% of the total amount of this issuance; The bidding volume declared by a single other unit voluntarily participating in the transaction shall not exceed 5% of the total amount of this issuance, and the total bidding volume of all other units participating in the transaction voluntarily participating in the transaction shall not exceed 25% of the total amount of this distribution.

6. Bidding Reserve Price and Transaction

This paid auction will be issued in a single round of bidding. The auction floor price is the weighted average price of carbon emission allowances traded publicly on all trading days from December 1, 2022 to June 21, 2023. The specific price is calculated and announced by Beijing Green Exchange Co., Ltd.

The bidder's quotation shall not be lower than the bidding reserve price, and the transaction shall be concluded in accordance with the principle of price priority and time priority at the end of the declaration time, and the lowest declared price within the total amount of issuance shall be used as the unified final transaction price.

7. Other matters

1. The purpose of this paid bidding for the issuance of carbon emission allowances is to support the annual quota clearance work, and the quotas obtained by the participants from the bidding are valid until the performance deadline specified in the Notice of the Beijing Municipal Bureau of Ecology and Environment on Doing a Good Job in the Management of Carbon Emission Units and the Pilot Work of Carbon Emission Trading in 2023 (Jinghuanfa [2023] No. 5).

2. The income from the paid bidding for carbon emission allowances shall be paid into the national treasury in accordance with the regulations。

3. The specific matters for the paid bidding for the issuance of carbon emission allowances will be announced separately by Beijing Green Exchange Co., Ltd.

Notice is hereby given.

Beijing Municipal Bureau of Ecology and Environment

June 30, 2023