Shanghai Environmental Exchange supports the launch and pre-sale of the world's first hydrogen fuel cell vehicle carbon emission reduction project

On August 16, 2023, the Reshaping Energy Strategy & New Product Launch Conference was successfully held in the Reshaping Energy Headquarters Park in Jiading District, Shanghai. Liu Jie, General Manager of Shanghai Environmental Exchange, was invited to attend and delivered a speech.

The event officially launched the "Hydrogen Fuel Cell Vehicle Carbon Emission Reduction Project Cooperation" and "the first pre-sale of hydrogen fuel cell vehicle emission reduction based on CDM methodology". The first hydrogen fuel cell vehicle commissioned development volume exceeds 600 vehicles, and the annual carbon emission reduction is expected to exceed 20,000 tons, which will form an effective incentive for the development and utilization of hydrogen energy.

Since 2021, Shanghai Environmental Exchange has cooperated with Reshape Energy and Sinopec Capital to carry out in-depth cooperation in carbon emission reduction in the field of hydrogen energy, and jointly completed the development of the world's first carbon emission reduction methodology for hydrogen fuel cell vehicles, which was officially approved by the CDM Executive Council in March 2023. Based on this phased achievement and the advantages of the professional platform, the Shanghai Environmental Exchange effectively supported the launch and listing of the hydrogen energy carbon emission reduction project from the aspects of project development, trading mechanism and transaction structure design, and promoted the internalization of hydrogen energy emission reduction benefits and the formal landing of the economic value of carbon emission reduction.

In his speech, Liu Jie focused on the work progress of the national carbon trading, hydrogen energy carbon emission reduction methodology, and carbon emission standard research in the field of hydrogen energy on the Shanghai Environmental Exchange. He said that in the future, the Shanghai Environmental Exchange will continue to strengthen interaction, integration and innovation with the whole hydrogen energy industry chain, jointly explore new paths and new models for the combination of hydrogen energy and carbon trading market, continue to promote the listing and trading of carbon emission reduction projects in the field of hydrogen energy and the development of carbon emission reduction methodologies in various hydrogen energy application scenarios, and promote the cost reduction and efficiency improvement of the hydrogen energy industry and the green development of the entire industry chain.