INTERNATIONAL INSTITUTE OF GREEN FINANCE, CUFE
Chinese Version

NDRC introduces China's nationwide carbon trading market

Time:2017-12-21 From: Author:

December 19th, 2017, the Development and Reform Commission held a national carbon emissions trading system to start the press conference. Zhang Yong, deputy director of the NDRC, pointed out that the carbon market construction plan has completed the overall design of China's carbon market and started the full-scale promotion of China's carbon market. "Program" for the current and future period of countries to tackle climate change and low-carbon work clear the key tasks, to take "three steps" to the power generation industry as a breakthrough point.

 

At the meeting a reporter asked: What are the short-term and long-term goals of the national carbon market construction, what are the next key tasks? How to ensure the orderly operation of the carbon market in the future?

 

Zhang Yong introduced that the carbon market construction plan is through the joint efforts of relevant departments and localities, especially in the seven pilot provinces and cities formed on the basis of the program. The program completed the overall design of China's carbon market and started the full-scale promotion of China's carbon market, which has been approved by the State Council. The plan consists of 8 chapters and 23 articles. The general requirement is to steadily push forward the nationwide unified carbon market and make new contributions to our effective control and reduction of carbon emissions and promotion of green and low-carbon development.

 

Zhang Yong introduced that the national carbon market construction is a brand-new work, and the international time is not long. Through the pilot projects of seven provinces and cities in recent years and some experiences of foreign carbon market construction and operation, Based on the formation of programs. The central goal of the program is to serve the greenhouse gas reduction. Positioning of the program is an important market tool for reducing greenhouse gas emissions, through the market approach to achieve the purpose of emission reduction.

 

The "Program" has three major systems for building the national carbon market. First, carbon emissions monitoring, reporting, verification system, the second is the key emission units quota management system, the third is the market transaction system. At the same time, four support systems should also be constructed. One is a data reporting system for carbon emission, the other is a carbon emission rights registration and registration system, and a third is a carbon emissions trading system and a settlement system.

 

"Program" for the current and future period of countries to tackle climate change and low-carbon work clear the key tasks, to take "three steps" to the power generation industry as a breakthrough point. Zhang Yong pointed out that we are prepared from eight high-energy-consuming industries. During the preparation process, the power generation industry is the most qualified and the data is most complete. At the same time, the carbon emissions also account for a relatively large proportion. The carbon emissions of more than 1,700 power enterprises Total emissions reached more than 3 billion tons. Starting from it, it is very good for us to further improve the carbon market. Therefore, we would like to start from the power generation industry. The first step is to establish and improve the three systems and the four support systems just mentioned. We will then conduct systematic tests to start real currency transactions on the basis of tests.

 

Zhang Yong pointed out: In the next step, we should take "the program" as an opportunity to fully implement the various tasks of the "program." In particular, through the carbon market, we will achieve green and low-carbon development, further deepening the supply-side structural reforms and promoting the transformation and upgrading of enterprises as a catalyst to enable us to transform and upgrade our enterprises in the carbon market. The green Low-carbon development has played a good role in promoting. Of course, we still lack experience in this regard. In this process, we also hope to receive the support of all sectors of society.

 

Zhang Yong said that for the carbon market construction, we have also always been open and soliciting opinions from all quarters on the Internet. In particular, we summed up the experience of the pilot provinces and cities so that our carbon market will be built more smoothly. It should be said that just a power generation industry, our carbon market size, after the transaction can exceed the global scale of any country in the world, including the EU carbon market, our number of enterprises is very large, in this regard, we must follow the steady progress The overall tone of work, to do a good job in all aspects of our carbon market to play a "program" to determine the role.

 

Source: China News

Photo: China News Agency reporter Luo Yunpeng

New media editor: Ying Ying