The two-year turnover of the national carbon market exceeded 11 billion yuan, and the signal of CCER restart is gradually clear
The national carbon market has celebrated its second anniversary. Data show that as of July 16, the cumulative trading volume of carbon emission allowances in the national carbon market was 240 million tons, with a cumulative transaction volume of 11.030 billion yuan. On the 17th, the closing price of carbon emission allowances in the national carbon market was 60 yuan / ton.
At present, the main participants in the national carbon market are still only power enterprises, and the demand for capacity expansion is increasing. The reporter of Shanghai Securities News learned that recently, the steel, petrochemical and building materials industries have successively held special research meetings to discuss matters related to the inclusion of the national carbon market. Industries such as steel, electrolytic aluminum, and cement that the market is eagerly awaiting are expected to be included in the carbon market.
"Over the past two years, the overall operation of the national carbon market has been stable and orderly, the trading price has risen steadily, the trading situation is in line with the basic positioning of the national carbon market, and the role of the price discovery mechanism has initially appeared." Lai Xiaoming, chairman of the Shanghai Environmental Exchange, said.
Niu Ren, vice president of Shanghai United Equity Exchange, said that since the launch of the national carbon market, the Shanghai Environmental Exchange has fully cooperated with the competent authorities to promote the construction of carbon market infrastructure, which has fully ensured the sustainable, stable and efficient operation of the carbon market. At the same time, relying on the operation of the Shanghai pilot carbon market, the Shanghai Environmental Exchange has achieved effective results in carbon financial product innovation, carbon inclusive system construction, carbon market capacity building, and carbon management system promotion.
It is worth noting that CCER, an important part of the carbon market, is signaling the restart of CCER (National Certified Voluntary Emission Reductions). Recently, the Ministry of Ecology and Environment revised the Interim Measures for the Administration of Voluntary Greenhouse Gas Emission Reduction Trading and compiled the Administrative Measures for Voluntary Greenhouse Gas Emission Reduction Trading (Trial) (Draft for Comments) (hereinafter referred to as the "Administrative Measures") for public comment. At present, the Ministry of Ecology and Environment is actively and steadily promoting various preparations before the launch of the voluntary emission reduction trading market with the goal of launching the national voluntary emission reduction trading market as soon as possible.
It is reported that the Ministry of Ecology and Environment has organized the construction of a unified national voluntary emission reduction registration system and trading system, and organized the drafting of registration rules and transaction settlement rules. At present, the two systems have completed the preliminary acceptance, providing a reliable infrastructure guarantee for the early launch of the market.
National certified voluntary emission reduction refers to the greenhouse gas emission reduction effect of specific projects such as renewable energy, forestry carbon sink and methane utilization in China, and the greenhouse gas emission reduction amount registered in the national greenhouse gas voluntary emission reduction transaction registration system.
Qi Kang, deputy general manager of the Shanghai Energy Conservation and Emission Reduction Center, told reporters that considering that the second compliance cycle of the carbon market is approaching, the management department is accelerating the promotion of CCER, with a view to partially using the new CCER for offset compliance. Qi Kang said that the new management measures have three main characteristics: first, more emphasis on top-level design; The second is to emphasize data quality management; The third is to further improve efficiency.
In the eyes of industry insiders, the ultimate purpose of the CCER system design is to guide high-energy-consuming enterprises to reduce emissions, and guide the green transformation of energy structure, industrial structure and even the overall economic structure by transferring resources to low-carbon and efficient enterprises.
"The current market needs a robust and effective carbon price to guide the implementation path of carbon neutrality in the future." Liu Qiao, dean of Peking University's Guanghua School of Management, told reporters. For the development of the national carbon market, he put forward the following suggestions: First, increase the number of market trading entities. At present, only power enterprises are included in the first batch of the national carbon trading system, and petrochemical, chemical, building materials, iron and steel, non-ferrous metals, papermaking and domestic civil aviation enterprises will also participate in the future. At the same time, more traders, including individuals and households, should be attracted to the carbon market with the right products. The second is to give full play to the advantages of strong financial liquidity and pilot financial products related to carbon neutrality, such as carbon futures and carbon options.
