Ministry of Ecology and Environment: vigorously promote the expansion of the carbon trading market

　　On February 26, the Information Office of the State Council held a regular briefing on the policies of the State Council to introduce the "Interim Regulations on the Administration of Carbon Emission Trading" (hereinafter referred to as the "Regulations"). Zhao Yingmin, Vice Minister of the Ministry of Ecology and Environment, introduced at the meeting that the Ministry of Ecology and Environment has carried out a special study on the expansion of the carbon emission trading market, and the drafting of relevant technical documents has been basically completed, and is now actively promoting the first expansion of China's carbon emission trading market.

　　Zhao Yingmin said that China's carbon emissions are mainly concentrated in key industries such as power generation, steel, building materials, nonferrous metals, petrochemicals, chemicals, papermaking, and aviation, and these eight industries account for about 75% of China's carbon dioxide emissions. The inclusion of high-emission industries in the national carbon emission trading market as soon as possible can optimize and minimize the cost of carbon reduction for the whole society, thereby helping to achieve China's "dual carbon" goal.

　　In the future, priority will be given to key industries with large carbon emissions, serious overcapacity, good synergistic effects of pollution reduction and carbon reduction, and good data quality foundation. The expansion work will scientifically and reasonably determine the inclusion time of different industries, and actively promote the carbon emission trading market to cover key carbon emission industries in stages and steps.

　　Zhao Yingmin said that at present, the emissions of the power generation industry included in the national carbon trading market account for more than 40% of the country's total carbon dioxide emissions. In addition to the power sector, the verification of carbon emission accounting reports of seven other industries has been carried out. The Ministry of Ecology and Environment is also carrying out special research on the expansion of the area, and has carried out special research, evaluation and demonstration on the quota allocation methods, accounting reporting methods, accounting requirements guidelines, and implementation paths of the expansion of key industries, and the drafting of relevant technical documents has been basically completed.

　　"We will adhere to the principle of mature one and one incorporated, fully learn from and use the existing carbon emission management system and experience, and strengthen the system construction, data management, publicity and training of carbon emission management to be included in the industry, so that the key emitting units in these industries can meet the management requirements of the carbon market after being included in the carbon market, ensure the healthy development of the carbon market, and also promote the green and low-carbon transformation and high-quality development of relevant industries and key emitting units, and enhance the market competitiveness of enterprises. Zhao Yingmin said.