Voluntary trading to reduce greenhouse gas emissions will be restarted
On July 7, the Ministry of Ecology and Environment issued a notice on publicly soliciting opinions on the "Administrative Measures for Voluntary Greenhouse Gas Emission Reduction Trading (Trial)" (hereinafter referred to as the "Management Measures"). The industry generally believes that this move means that the voluntary greenhouse gas emission reduction trading will be restarted, and the trillion-level carbon market will further mobilize the enthusiasm of all walks of life to reduce emissions and improve the activity of the carbon market.
According to the relevant person in charge of the Ministry of Ecology and Environment, compared with the "Interim Measures for the Administration of Voluntary Greenhouse Gas Emission Reduction Trading" (hereinafter referred to as the "Interim Measures") issued in 2012, the "Management Measures" issued this time have been adjusted in the management mode of the national greenhouse gas voluntary emission reduction trading market. While maintaining the convergence with the original Interim Measures, the Administrative Measures further highlight the "voluntary" nature of trading, regard social supervision as an important regulatory means for voluntary emission reduction trading and related activities, use market mechanisms to promote the implementation of supervision responsibilities and main responsibilities, consolidate the main responsibilities of project owners and third-party verification and verification agencies, and strengthen the supervision of government departments during and after the event. At the same time, the "Administrative Measures" optimize the management methods of the original five filing items of voluntary greenhouse gas emission reduction methodology, projects, emission reductions, verification and certification institutions, and trading institutions.
"At present, there are many types of emission reduction mechanisms, but there is a lack of effective overall planning and scientific planning, different standards and different prices, resulting in market fragmentation and crowding out high-quality emission reduction resources, which does not meet the overall requirements of the CPC Central Committee and the State Council on accelerating the construction of a unified national market, and also adversely affects the completion of the nationally determined contributions to address climate change. Therefore, it is urgent to launch a unified national greenhouse gas voluntary emission reduction trading market as soon as possible, coordinate national carbon emission reduction resources, and standardize voluntary emission reduction market trading and related activities. The relevant person in charge of the Ministry of Ecology and Environment said.
"Voluntary greenhouse gas emission reduction trading is an important measure to improve the carbon market trading mechanism. Ma Jun, director of the Institute of Public and Environmental Affairs, pointed out that at present, carbon trading is still limited to limited transactions within the scope of limited enterprises, and the market activity and carbon price are not high. The resumption of voluntary greenhouse gas emission reduction trading will not only help solve the above problems, but also help enterprises monetize their carbon reduction capacity through their own actions, thereby helping to achieve higher quality development.
All sectors of society have high expectations for the resumption of the national voluntary greenhouse gas emission reduction trading market. Some industry experts pointed out that market construction is a complex system engineering, not only according to the requirements of the new situation, the establishment of a set of widely accepted, scientific and effective, open and transparent, fair and just system of rules and technical specifications, to ensure the authenticity, uniqueness and additionality of the project and emission reductions can be measured, traceable and verifiable, but also in accordance with the relevant provisions of the state, the construction and operation of a unified national registration system and trading system, etc., to ensure the safe, stable and effective operation of the market.
