Carbon market trading volume ranks first in the country, Hubei shows the world the glory of "green and low-carbon"
Thereporter recently learned from the 2024 "Two Lakes Dialogue" International Cooperation Conference on Green, Low-Carbon and High-Quality Development that at present, the cumulative transaction volume of Hubei's carbon market has reached 404 million tons, exceeding 40% in the country, ranking first in the country; the total transaction volume exceeds 9.8 billion yuan, ranking first in the country; Hubei's green and low-carbon industrial chain is accelerating, and the development of carbon inclusion, carbon finance, and carbon industries in Jingchu is showing great vitality.
Carbon inclusive: "Hubei model" leads the country
How to make the public feel the benefits of carbon emission reduction? How to stimulate people's enthusiasm for carbon emission reduction? In June this year, Huangshi City's carbon inclusive platform "Carbon Painting Huangshi" was officially launched. This is the implementation of another city's carbon inclusive platform after Wuhan City successfully launched the "Wuhan Carbon Jianghu" last year. It marks the promotion of Hubei's carbon inclusive work from a pilot in Wuhan City to the whole province, and the construction of "One City, One Carbon Inclusive" has taken an important step.
At present, green and low-carbon behaviors such as riding bicycles, taking subways, and saving electricity can all be calculated and converted into emission reductions through the "Wu Carbon Jianghu", included in personal carbon accounts, exchanged for cash or gifts, and became visible and useful benefits for the people. Since its launch in June last year, the first batch of partners of "Wutan Jianghu" include Alipay, Youjia Convenience Store, Hankou Bank, etc. So far, users have visited 800,000 times, effectively encouraging individuals and enterprises to save energy and reduce emissions.
According to reports, Wuhan Carbon Inclusive Management Co., Ltd., the country's first state-owned enterprise that professionally operates carbon inclusive, has explored and established a "Hubei Model" carbon inclusive system and standard system. "Hubei took the lead in revising management measures and promoting the reduction of thresholds and expansion of the carbon market. The in-depth construction of a carbon inclusive system in Wuhan includes innovation in methodology and innovation in offset mechanisms." Huang Dai, deputy general manager of China Carbon Deng, said that at present, Wuhan Carbon Inclusive has reached cooperation intentions with the ecological and environmental authorities in Yichang, Xiangyang and Ezhou, and will replicate and promote the carbon inclusive model.
Carbon finance: Establish the first provincial-level electricity and carbon finance linkage market
How can finance and carbon markets help each other? How to use the carbon market to promote financial innovation? New developments came from the "Two Lakes Dialogue" International Cooperation Dialogue on Carbon Markets and Carbon Finance.
It is understood that State Grid Hubei Electric Power and Hubei Hongtai Group signed the "Cooperation Framework for Coordinated Development of Electricity and Carbon Markets", opening up the country's first provincial-level electricity and carbon linkage market, and this year took the lead in opening up the "electricity, carbon and finance" three markets in the country. At the same time, the group worked with financial authorities such as the People's Bank of China's Hubei Province Branch to implement a number of "first in the country" green financial businesses such as carbon pledge loans and carbon repurchase.
Hubei enterprises use carbon quotas as collateral to lend, use loans to buy green electricity, and green electricity to deduct carbon emissions. This efficient cycle is expected to become the norm. According to reports, Hubei's "electricity-carbon-finance" three markets will operate in a coordinated manner to promote the development of new energy power generation companies, reduce the cost of electricity companies, and activate the carbon market through financial instruments to provide important support for Hubei's green and low-carbon development.
He Changfu, general manager of Hubei Carbon Emissions Trading Center Co., Ltd., introduced that currently there are more than 20,000 market entities of various types in Hubei regional carbon market, including 343 emission control companies and 967 brokerage investment institutions. In terms of green finance, Hubei Carbon Emissions Trading Center launched the Hubei Green Finance Comprehensive Service Platform and launched the country's first provincial-level green evaluation indicator. At the same time, it also launched carbon emission pledge loans, carbon quota repurchase transactions, green evaluation linked loans, etc. A variety of products.
Carbon industry: Benchmarking enterprises promote green development in the province
All parts of Hubei Province are also actively practicing green development and vigorously exploring related industries around the theme of "carbon".
In Wuhan, Gemma's power battery pack has a planned dismantling capacity of 215,000 tons, an annual production capacity of cascade utilization products is 4.1 GWh (gigawatt hours), and an annual processing capacity of battery black powder recycling is 200,000 tons. This recycling benefits from the company's construction of the new energy life cycle value chain of "waste battery recycling-raw material remanufacturing-material remanufacturing-battery pack remanufacturing-reuse-cascade utilization".
In Yichang,"the country's first lithium iron phosphate 'all-component' recycling production line has been built. After the project is fully put into operation, one out of every five used power batteries in the country will be 'reborn' in Yichang." In addition to battery recycling, Yichang also Tells the stories of the "Smiling Angel" and the "Three Gorges Ant Worker": Over the past 10 years, the finless porpoise family in the Yichang section of the Yangtze River has "added people to imports","relocated" 134 chemical companies along the river, demolished 216 illegal docks, and restored 97.6 kilometers of the Yangtze River coastline. The "Three Gorges Ant Workers" held more than 1100 activities, attracting more than 100,000 citizens to participate and picking up more than 1200 tons of garbage. Green changes one after another and environmental protection actions one after another have protected the vast and clear water of the river eastward.
Hubei enterprises have also "demonstrated" their green heritage and technological core: Hubei Nonggu Diao Biotechnology Co., Ltd. uses biogas slurry into liquid fertilizer to grow rice, corn, and rapeseed; converts manure from chicken farms into biogas to reduce Carbon dioxide emissions; Hubei Lvxin Ecological Technology Co., Ltd. transforms various crop stalks and kitchen waste into green methane, green steam, green hydrogen energy... Each example of a benchmark enterprise committed to green and low-carbon development has become a vigorous development of Hubei's carbon industry. A vivid portrayal of development.
At present, thousands of industries in Jingchu are moving towards "new" and pursuing "green". They are forging ahead with integrity and innovation on the road of green, low-carbon development and high-quality development, constantly improving the "new" content "of Hubei's modern industrial system." New quantity "and" green quantity "jointly write a new chapter in the practice of building a beautiful Hubei and striving to promote Chinese-style modernization in Hubei.
