Online trading on the national carbon market will be launched before the end of June

On May 26, the Ministry of Ecology and Environment held a regular press conference in May. Spokesperson Liu Youbin introduced that it plans to launch the national carbon market online trading before the end of June this year.

Liu Youbin pointed out that at the end of 2020, the Ministry of Ecology and Environment issued the "Management Measures for Carbon Emission Trading (Trial)" in the form of departmental regulations, which stipulated the responsibilities, rights and obligations of the ecological environment authorities and market participants at all levels, as well as the national carbon market. The key links and work requirements of operation. Published the "2019-2020 National Carbon Emission Trading Quota Setting and Distribution Implementation Plan (Power Generation Industry)", announced the list of key emission units including power generation companies and self-provided power plants, and officially launched the national carbon market No. 1 A performance cycle. The national carbon market covers more than 4 billion tons of emissions, and will become the world's largest carbon market covering greenhouse gas emissions.

Liu Youbin pointed out that since this year, the Ministry of Ecology and Environment has successively issued technical specifications such as "Corporate Greenhouse Gas Emission Report Verification Guidelines (Trial)", "Corporate Greenhouse Gas Emission Accounting Methods and Reporting Guidelines for Power Generation Facilities", and issued the "Carbon Emission Rights Registration Management" Regulations (Trial), "Carbon Emissions Trading Management Rules (Trial)" and "Carbon Emissions Settlement Management Rules (Trial)" and other market management rules, and organize greenhouse gas emissions reporting, verification, quota approval and other work.

Liu Youbin said that in the near future, in accordance with the "Administrative Measures for Carbon Emissions Trading (Trial)" and the "Implementation Plan for the Setting and Allocation of National Carbon Emissions Trading Quotas for 2019-2020 (Power Generation Industry)" <included in 2019-2020 List of Key Emission Units for National Carbon Emission Trading Quota Management in 2013> and do a good job in the pre-allocation of power generation industry quotas" (Guo Huan Gui Climat [2020] No. 3), the provincial ecological environment authorities have passed the relevant requirements The national carbon emission rights registration system has basically completed the pre-allocation of allowances. The Ministry of Ecology and Environment has organized relevant units to complete the online transaction simulation test and real capital test, and is organizing various preparatory work before the online transaction. It plans to launch the national carbon market online transaction before the end of June this year.

Source: Energy and Carbon Neutral