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The national carbon market trading rules will continue to be refined

Oct. 28, 2021

On October 15, at the 2021 China Carbon Trading and ESG Investment Development Summit hosted by the China Financial Frontier Forum (CFAF), industry insiders stated that the current role of the carbon market in supporting the realization of the “dual-carbon” goal should be actively used and continuous exploration , Improve the national carbon market. Zhang Yao, deputy director of the National Carbon Market Operations Center, said that in the future, the relevant transaction rules will continue to be refined, and efforts will be made to promote the stable development of the overall market from many aspects.

The national carbon market trading rules will continue to be refined

Zhang Yao pointed out that this year is the first compliance cycle of the national carbon market. Since the launch of the national carbon market, it has become the world's largest carbon market, with 2,162 power industry companies currently included. Market transaction entities include key emission units and institutions and individuals that comply with relevant national trading rules. At this stage, only key emission units are included. Institutions and individuals have not yet entered the market, and the scope of the industry and the main body will continue to be expanded in the future. In terms of trading products, there is only one product with carbon emission allowances. In the future, according to relevant national regulations, other product categories will be added in due course. Regarding the rules of the entire trading system, the subsequent exchanges will also introduce a series of trading rules, which involve the management of the entire trading system and the management of key emission units, as well as the trading rules including wind control systems, and finally realize the smooth operation of the national market .


Talking about the future prospects of the national carbon market, Zhang Yao said that one is the need to actively promote the stable development of the national carbon market; the second is to steadily expand the scope of trading entities; the third is to actively promote the increase in trading activity; the fourth is to combine market development stages. Promote the implementation of innovative trading business and trading varieties in an orderly manner.


Ma Aimin, deputy director of the National Climate Change Strategy Research and International Cooperation Center, pointed out that the national carbon market is still in its infancy and still faces some challenges, including insufficient policies and regulations, limited industry coverage, and poor market environment. Fully mature and so on. In this context, the carbon market must play a supporting role in achieving the "dual-carbon" goal, and further explore and improve the national carbon market. Ma Aimin emphasized that the national carbon market, as an important policy tool for China to respond to climate change and control greenhouse gas emissions, is closely related to related work in the ecological environment, industrial economy, trade, and finance. The smooth launch of the national carbon market this year is a key time node in the key course of the carbon emissions trading system. A large amount of work is still needed to build an efficient, stable, and internationally influential national carbon market.


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