"Chongqing Carbon Emission Trading Management Measures (Trial)" released!
On February 20, the Chongqing Municipal People's Government issued the Administrative Measures for Carbon Emission Trading in Chongqing (Trial), which applies to carbon emission trading and related activities within the administrative area of Chongqing, including the allocation and settlement of carbon emission allowances, the registration, trading and settlement of carbon emission allowances, and the reporting and verification of greenhouse gas emissions, as well as the supervision and management of the aforementioned activities.
Details are as follows:
Notice of the Chongqing Municipal People's Government on Printing and Distributing the Administrative Measures for Carbon Emission Trading in Chongqing (for Trial Implementation).
Yu Fu Fa [2023] No. 6
The people's governments of all districts and counties (autonomous counties), the relevant departments of the municipal government, and the relevant units:
The "Chongqing Carbon Emission Trading Management Measures (Trial)" is now issued to you, please earnestly implement it.
Chongqing Municipal People's Government
February 20, 2023
(This is a public release)
Chongqing Carbon Emission Trading Management Measures (Trial)
Chapter I: General Provisions
Article 1 In order to implement the state's decision-making and deployment on improving the carbon emission trading system and the city's work requirements on cultivating the carbon emission trading market, standardize carbon emission trading and related activities, give full play to the role of the market mechanism, and boost the city to achieve the goal of carbon peak and carbon neutrality, these measures are formulated in accordance with the relevant provisions of the state and in combination with the actual work.
Article 2 These measures apply to carbon emission trading and related activities within the administrative area of the city, including the allocation and settlement of carbon emission allowances, the registration, trading and settlement of carbon emission allowances, and the reporting and verification of greenhouse gas emissions, as well as the supervision and management of the aforementioned activities。
If it is managed by the national carbon emission trading market, it shall be implemented in accordance with the relevant provisions of the state。
Article 3 The city's carbon emission trading and related activities shall adhere to the principles of market orientation, fairness and openness, honesty and trustworthiness。
Article 4 The Municipal Bureau of Ecology and Environment shall be responsible for the overall coordination, organization, implementation, supervision and management of the construction and operation of the city's carbon emission trading market。
The Municipal Bureau of Finance is responsible for the construction of the city's carbon emission trading market, carbon emission verification, carbon emission allowance registration and other operating fund guarantees, as well as the management of government carbon emission rights transfer funds.
The Municipal Bureau of Statistics is responsible for the support and guarantee of statistical data related to the construction of the city's carbon emission trading market。
The Municipal Market Supervision Bureau, the Municipal Financial Supervision Bureau and other departments are responsible for the supervision of carbon emission trading according to their respective duties.
The competent departments of energy, industry, transportation, construction, big data and other industries are responsible for the basic data support work of the relevant industries in the construction of the city's carbon emission trading market。
The ecological environment bureaus of all districts and counties (autonomous counties) and Liangjiang New Area, Chongqing High-tech Zone of Western Science City, and Wansheng Economic and Technological Development Zone (hereinafter collectively referred to as districts and counties) are responsible for managing the list of key greenhouse gas emitting enterprises (hereinafter referred to as key emitting enterprises) within their jurisdictions, and supervising and managing the reporting and verification of greenhouse gas emissions, the settlement of carbon emission quotas and other related activities within their jurisdictions.
Article 5 The Municipal Bureau of Ecology and Environment shall, in accordance with relevant provisions, organize the construction of the Municipal Carbon Emission Rights Registration System (hereinafter referred to as the Registration System) and the Municipal Carbon Emission Trading System (hereinafter referred to as the Trading System), and clarify the Municipal Carbon Emission Rights Registration Agency (hereinafter referred to as the Registration Agency) and the Municipal Carbon Emission Trading Agency (hereinafter referred to as the Trading Institution)。
The registration agency shall formulate the registration rules for carbon emission allowances in accordance with these measures, and submit them to the Municipal Bureau of Ecology and Environment for review. Through the registration system, record the holding, changing, clearing, cancellation and other information of carbon emission allowances. The information recorded in the registration system is the final basis for judging the attribution of carbon emission allowances.
The trading institution shall formulate the city's carbon emission trading rules in accordance with these measures, and submit them to the Municipal Bureau of Ecology and Environment and the Municipal Financial Supervision Bureau for review. Responsible for organizing and carrying out centralized and unified trading of carbon emission rights in the city.
Registration institutions and trading institutions shall regularly report to the Municipal Bureau of Ecology and Environment on the city's carbon emission allowance registration, trading, settlement and other activities related to the operation of institutions, as well as other major matters that should be reported, and ensure the safe, stable and reliable operation of the registration system and trading system.
Article 6 Registration institutions and trading institutions and their staff shall comply with the technical specifications of carbon emission trading and related activities in Shanghai, and comply with the provisions of other relevant competent authorities on trading supervision。
Chapter II Key Greenhouse Gas Emitting Units
Article 7 Where the annual greenhouse gas emissions of the industries covered by the city's carbon emission trading market exceed a certain scale, they shall be included in the list of key emitting enterprises in the city。
Article 8 The scale standards for greenhouse gas emissions covered by the city's carbon emission trading market and included in the list of key emitting enterprises in the city shall be determined and adjusted by the municipal ecological environment bureau in conjunction with relevant departments in accordance with the city's greenhouse gas emission control targets and greenhouse gas emissions of relevant industries, and shall be implemented after reporting to the municipal government for approval。
Article 9 Key emitting enterprises shall control greenhouse gas emissions, report greenhouse gas emission data, pay carbon emission quotas, disclose carbon emission related information, and accept the supervision and management of the competent department of ecology and environment。
Article 10 Units that meet one of the following conditions shall be removed from the list of key emitting enterprises in this city:
(1) Greenhouse gas emissions for two consecutive years have not reached the greenhouse gas emission scale standards included in the city's list of key emitting enterprises;
(2) No longer engaging in production or business activities due to suspension of business, closure or other reasons, so that greenhouse gases are no longer emitted;
(3) Included in the list of key emitting enterprises in the quota management of the national carbon emission trading market。
Chapter III: Allocation and Registration
Article 11 The Municipal Bureau of Ecology and Environment shall, in accordance with the requirements of the Municipality for the control of greenhouse gas emissions, comprehensively consider factors such as economic growth, industrial structure adjustment, energy structure optimization, and coordinated control of air pollutant emissions, formulate a plan for determining and allocating the total amount of carbon emission allowances, approve the annual carbon emission quotas of key emitting entities, and notify key emitting entities in writing.
If a key emitting entity has any objection to the allocation of carbon emission allowances, it may apply to the Municipal Bureau of Ecology and Environment for review within 7 working days from the date of receipt of the notice, and the Municipal Bureau of Ecology and Environment shall make a review decision within 10 working days from the date of receipt of the application for review.
Article 12 The allocation of carbon emission allowances shall be based on free allocation, and paid allocation may also be introduced in a timely manner in accordance with the relevant regulations and requirements of the State and the Municipality。
Article 13 The Municipal Bureau of Ecology and Environment may reserve a certain amount of total carbon emission allowances for paid allocation, market regulation, etc.
The Municipal Bureau of Ecology and Environment and the Municipal Bureau of Finance can organize and carry out the repurchase of carbon emission allowances in a timely manner according to market conditions.
Article 14 Activities such as the allocation and settlement of carbon emission allowances and the trading of carbon emission allowances shall be registered in the registration system。
If a key emitting entity needs to change its name, carbon emission quota and other matters in the event of a merger or division, it shall report to the Municipal Bureau of Ecology and Environment for confirmation. After confirming the consent, the Municipal Bureau of Ecology and Environment shall copy the registration agency, and the registration agency shall change the registration of the relevant information in the registration system.
Chapter IV Emissions Trading
Article 15 The trading products of the city's carbon emission trading market are carbon emission quotas and voluntary emission reductions certified by the state and the city, and the municipal ecological environment bureau may add other trading varieties in accordance with relevant regulations。
Article 16 Key emitting enterprises and institutions and individuals that comply with the relevant trading rules of the Municipality shall be the trading entities of the Municipality's carbon emission trading market。
Article 17 Carbon emission trading shall be carried out through the trading system, and may also be transferred by agreement, open bidding or other methods in accordance with relevant provisions。
Trading institutions shall, in accordance with relevant regulations, take effective measures to give full play to the role of the carbon emission trading market in guiding greenhouse gas emission reduction, prevent excessive speculative trading behavior, and maintain the healthy development of the market。
Article 18 To participate in the city's carbon emission trading activities, a trading account shall be opened in the trading system and the qualification of a trading entity shall be obtained。
Article 19 The funds obtained by the municipal government from the transfer of carbon emission rights shall be paid in full into the municipal treasury, and the management of revenue and expenditure shall be carried out in two lines。
Article 20 The trading institution shall establish an information disclosure system, publish the transaction information, trading volume, transaction amount and other transaction information, and timely disclose information that may have a significant impact on the market situation.
Article 21 Trading institutions shall strengthen the risk management of carbon emission trading and establish a risk management system。
Article 22 The registration institution shall, according to the transaction results provided by the trading institution, update the relevant information for the trading entity in a timely manner through the registration system.
Article 23: Registration and trading institutions shall, in accordance with relevant state provisions, bring about the timely, accurate, and secure exchange of data.
Chapter 5 Emission Verification and Quota Settlement
Article 24 Key emitting enterprises shall, in accordance with the prescribed technical specifications for greenhouse gas emission accounting and reporting, prepare their own greenhouse gas emission reports for the previous year, indicating the amount of emissions, and submit the annual greenhouse gas emission report in writing to the Municipal Bureau of Ecology and Environment before April 30 of each year, and submit it simultaneously through the greenhouse gas emission data reporting system。 The original records and management ledgers of the data involved in the emission report shall be kept for at least five years.
Key emitting enterprises shall be responsible for the authenticity, completeness and accuracy of greenhouse gas emission reports。
The annual greenhouse gas emission report prepared by key emitting enterprises shall be made public on a regular basis and subject to public supervision。 Except for those involving state secrets and commercial secrets.
Article 25 The Municipal Bureau of Ecology and Environment shall organize and carry out the verification of the greenhouse gas emission reports of key emitting enterprises, and inform the key emitting enterprises of the verification results, and at the same time send a copy to the relevant district and county ecological environment bureaus.
If a key emitting entity has any objection to the verification result, it may apply to the Municipal Bureau of Ecology and Environment for review within 7 working days from the date of being informed of the verification result, and the Municipal Bureau of Ecology and Environment shall make a review decision within 10 working days from the date of receipt of the application for review.
The Municipal Bureau of Ecology and Environment may entrust technical service agencies to provide verification services through government procurement of services. The entrusted technical service institution shall be responsible for the authenticity, completeness and accuracy of the verification results submitted by it.
Article 26 Key emitting enterprises shall, within the prescribed time, submit carbon emission quotas equivalent to the annual greenhouse gas emissions confirmed by the verification results of the Municipal Bureau of Ecology and Environment through the registration system, and fulfill their obligations to pay off。
If the carbon emission quota of the key emitting enterprise is insufficient to fulfill the payment obligation, it may purchase carbon emission allowances for settlement, and if there is a surplus of carbon emission allowances, it can be used or traded in subsequent years.
Key emitting entities are required to ensure that the number of carbon emission allowances retained in the registration system before fulfilling their payment obligations is not less than 50% of the annual carbon emission allowances they obtain free of charge.
Article 27 Key emitting enterprises may use the national certified voluntary emission reductions, the municipal certified voluntary emission reductions or other emission reductions that meet the requirements to complete the settlement of carbon emission allowances。 The proportion and requirements of use shall be separately stipulated by the Municipal Bureau of Ecology and Environment.
Chapter VI: Supervision and Management
Article 28 The ecological environment bureaus of all districts and counties shall, on the basis of the verification results of the greenhouse gas emission reports of key emitting enterprises, determine the focus and frequency of supervision and inspection, and adopt the method of "double randomization and one disclosure" to supervise and inspect the greenhouse gas emissions and carbon emission quota clearance of key emitting enterprises, and report the relevant information to the Municipal Bureau of Ecology and Environment for the record.
Article 29 The Municipal Bureau of Ecology and Environment shall promptly publish the annual list of key emitting enterprises, the determination and allocation plan of the total amount of carbon emission allowances, and regularly disclose information such as the annual carbon emission quota settlement of key emitting enterprises。
Article 30 Where a trading entity violates the relevant provisions of these Measures on the registration, settlement or trading of carbon emission allowances, the registration institution and the trading institution may, in accordance with the relevant provisions, take measures to restrict the trading of the trading entity。
Article 31 The Municipal Bureau of Ecology and Environment shall strengthen the supervision and management of verification technical service institutions, establish an evaluation system, and disclose the evaluation results.
Article 32 The Municipal Bureau of Ecology and Environment shall strengthen the management of the settlement of carbon emission allowances for key emitting enterprises, and include the settlement of carbon emission allowances for key emitting enterprises in the municipal enterprise environmental credit evaluation system。
Chapter VII Supplementary Provisions
Article 33 The meaning of the following terms in these Measures:
(1) Greenhouse gases: refer to the natural and man-made gaseous components of the atmosphere that absorb and re-emit infrared radiation, including carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6) and nitrogen trifluoride (NF3).
(2) Carbon emissions: refers to the greenhouse gas emissions generated by the combustion of fossil energy such as coal, oil and natural gas, industrial production processes, land use change and forestry activities, and also includes the greenhouse gas emissions caused by the use of purchased electricity and heat.
(3) Carbon emission allowance: refers to the carbon emission quota allocated to key emitting enterprises within a specified period.
(4) Carbon emission trading: refers to the public buying and selling of carbon emission allowances and other products by qualified trading entities through trading institutions.
(5) Nationally certified voluntary emission reductions: refers to the greenhouse gas emission reductions that are quantitatively verified for renewable energy, forestry carbon sinks, methane utilization and other projects within China, and registered in the national greenhouse gas voluntary emission reduction trading registration system.
(6) Certified voluntary emission reductions in this city: refers to the greenhouse gas emission reductions that have been quantitatively verified and registered in accordance with the provisions of this city.
Article 34: These Measures shall come into force on the date of issuance. The "Interim Measures for the Administration of Carbon Emission Trading in Chongqing" (Yu Fu Fa [2014] No. 17) shall be repealed at the same time.
