Solicitation of comments on the allocation plan for allowances in the carbon market
Sinochem New Network News In order to effectively do a good job in the allocation of allowances in the national carbon emission trading market (hereinafter referred to as the "national carbon market") in 2021 and 2022, the Ministry of Ecology and Environment recently solicited opinions from the whole society on the "Implementation Plan for the Setting and Allocation of the Total National Carbon Emission Trading Allowances in 2021 and 2022 (Draft for Comments)" (hereinafter referred to as the "Plan").
"The quota allocation plan is an important basic system of the national carbon market, and it is the cornerstone of ensuring the healthy, stable and orderly operation of the carbon market and achieving policy goals. The relevant person in charge of the Ministry of Ecology and Environment said that the "plan" is prepared by taking into account the new situation faced by the domestic and international population, the impact of the epidemic, technological progress, power structure optimization, energy supply guarantee and other factors, and combined with the actual operation experience of the national carbon market in the first compliance cycle.
"The plan is based on the intensity control design, and does not require an absolute reduction in greenhouse gas emissions, but is based on actual output, that is, the larger the actual power supply, the more quotas will be obtained, and will not form a constraint on the total amount of electricity production. ” The relevant person in charge of the Ministry of Ecology and Environment pointed out that the "plan" encourages large-capacity, high-efficiency, low-emission units and units that undertake cogeneration tasks to participate in power peak shaving, so that they have more quota surpluses and can sell allowances in the carbon market to obtain profits.
The relevant person in charge of the Ministry of Ecology and Environment said that compared with the "2019~2020 National Carbon Emission Trading Quota Setting and Allocation Implementation Plan", the "Plan" has maintained the continuity and stability of the policy as a whole, but has been adjusted and updated in terms of quota allocation methods. On the one hand, the Plan continues to implement free quota allocation, a quota allocation mechanism based on carbon emission intensity control, and sets corresponding carbon emission benchmark values according to different unit categories. On the other hand, the Plan optimizes the annual division of quota allocation, correction coefficients, benchmark values, and operation methods.
It is worth noting that the Plan also proposes that in order to reduce the performance pressure of key emitting enterprises, flexible management such as the upper limit of the compliance gap will be implemented in the approved quota link according to the actual situation, if necessary. Some industry insiders pointed out that this move is to reserve a "patch" for problems that may arise during the operation of the second compliance cycle of the national carbon market.
