What is the current situation of carbon trading in China?

Why did China start its own carbon emissions trading? First, because the CDM market has plummeted, from tens of euros per ton to about 2 euros. China used to sell to Europe at a low price, but now it realizes that it is a resource.

Since China already has a 60% volume share in the CDM market, the scale is large enough to play on its own in the domestic market. 2.Why is there such a big difference in carbon emission rights** between Shanghai, Shenzhen and Beijing?

The opening price in Shanghai was set by the exchange, and it was only 28 yuan per tonne, while in Shenzhen, it was already 100 yuan per tonne. It is said that it is because Shanghai wants to lower the threshold a little bit to attract people to enter. 3.

What do carbon emission exchanges rely on to make money? At first, I thought it was based on transaction fees, but after asking people inside the Shanghai Environmental Energy Institute, they said that the transaction fee was the transaction fee. There are several ways for them to make money:

One is to participate in the buying and selling yourself, just like the brokerage is to the first; The second is to do subject research, mainly because there are too many people like us who don't understand in the market, and the audience includes ** institutions, universities, and enterprises; The third is to help enterprises, do emission reduction programs, this part will be very profitable, those exchanges to the provinces and cities to run orders, take a place ** local business will belong to you, you not only help local enterprises, ** to do a plan, do a good job they also have to become your customers, in your exchange trading. <>

Let's talk about the two main commodities traded in the carbon market, allowances and CER. The concept of allowances is easier to understand, ** issued to each enterprise, enterprises can buy and sell each other according to their own emissions, each takes what they need; CER, Certified Emission Reduction, as the name suggests, is the emission reduction generated through third-party verification, called CCER in China, and the official name is voluntary emission reduction, usually from clean energy projects. For example, wind power itself does not produce emissions, and wind power is sent to the power grid, replacing fossil energy electricity in the grid, thereby reducing emissions.

The certification process of CER is complex and will not be discussed here, but the core concept involved is "additionality", i.e., the emission reduction project cannot be implemented and the emission reduction cannot be generated without taking into account the CER revenue. This concept is at the heart of CER and avoids double counting of emission reductions. The main participants in the carbon market include** (setting the rules of the game, allocating allowances), emission control companies (demanding), emission reduction companies (selling excess allowances, or producing CER), intermediaries (reselling allowances, especially CER), third-party certification agencies (inventory control companies, certifying CER), consulting companies (developing CERs, doing everything that is inconvenient for certification bodies to do).

The subject's question, "Do Chinese companies need to apply for carbon emission permits", I think it should refer to whether companies have to pay for carbon emissions, as mentioned above, it depends on whether the company is included in the list of emission control enterprises. In terms of trends, the seven pilot areas, especially Guangdong and Shenzhen, have established systems, and high-energy-consuming enterprises in each region should pay attention to their own emissions and related policies. <>

At present, in addition to the four trading pilots in Shenzhen, Shanghai, Beijing and Guangdong, the trading pilot in Tianjin is also expected to be officially launched by the end of the year. In addition, many provinces and cities that have not obtained carbon trading pilot qualifications, such as Liaoning, Shandong, Sichuan, Guizhou, Henan, Jiangxi and other places, are also actively preparing to build carbon trading platforms. On November 28 this year, the Liaoning Emissions Trading Center completed a carbon trading of 400 tons of voluntary emission reductions.

In May this year, the people of Zhengzhou mentioned in Zhengzhou's "Twelfth Five-Year Plan" implementation plan for controlling greenhouse gas emissions that Zhengzhou will establish a total carbon emission control system, carry out carbon emission trading pilots, and gradually form a regional carbon emission trading system. Not only that, some prefecture-level cities and counties are also seeking to build carbon trading platforms. Tongshan County, Xianning City, Hubei Province, was established on November 11, becoming the country's first carbon trading pilot county.

1. At present, there are three major carbon trading exchanges in China: the Beijing Environment Exchange, the Shanghai Environment and Energy Exchange and the Tianjin Emissions Exchange. There are a lot of carbon trading service companies that can be derived from this, and there are no statistics on the number of such companies, so the exact number is not known.

2. Carbon trading is a market mechanism used to promote global greenhouse gas emission reduction and reduce global carbon dioxide emissions. The United Nations Intergovernmental Panel on Climate Change adopted the United Nations Framework Convention on Climate Change on 9 May 1992 through difficult negotiations. The first additional agreement to the Convention, the Kyoto Protocol (hereinafter referred to as the "Protocol"), was adopted in Kyoto, Japan, in December 1997.

The Protocol takes the market mechanism as a new way to solve the problem of greenhouse gas emission reduction represented by carbon dioxide, that is, the carbon dioxide emission right as a commodity, thus forming the trading of carbon dioxide emission rights, referred to as carbon trading.

The national carbon trading market is a market formed by artificial regulations.

National carbon emission trading market.

referred to as the carbon market) is to achieve carbon peaking.

One of the core policy tools with carbon neutrality goals. Since 2011, Beijing, Tianjin, Shanghai and other places have carried out pilot carbon emission trading.

At the end of 2017, China launched carbon emissions trading. From New Year's Day 2021, the national carbon market.

The first compliance cycle in the power generation industry was officially launched.

On July 16, 2021, the national carbon emission trading market opened.

At 9:15 a.m. on July 16, 2021, the launching ceremony of the national carbon market was held simultaneously in Beijing, Shanghai and Wuhan, and the high-profile national carbon market officially began to be launched for trading.

Now everyone is very concerned about the overall situation of China's carbon market in the past year, in fact, this situation is relatively stable. And the current situation of carbon trading in China is also very good, and it has also opened the hail line trading. This has created a good market for China, and the cycle has been included in the focus of the power generation industry, and the emissions have reached a very high number.

Its emissions are very good, with 4.5 billion tons, making it the largest carbon market in terms of emissions. Everyone also paid attention to the fact that the cumulative turnover has reached 100 million yuan. <>

For such a high figure, it can be seen that a complete carbon market system has been initially constructed, and it is possible to form a quota allocation. And for such a data management, there is also an integrated management framework, and everyone feels that such a way can play a role in incentivizing and restricting the carbon market. Because the carbon market needs a large mechanism to carry out carbon emission reduction on a national scale.

There is also a need to crack down on the phenomenon of carbon emission data fraud, because carbon emissions will affect our ecological environment, so it must be implemented at every step. <>

And for such a number, it must be fine, so that we can understand what kind of concept carbon emissions are. The organization has organized a national carbon emission quality inspection report, which can also supervise and help, let the society know and understand the situation of some data, and Luchang can effectively play the role of Zhenwei. Now carbon emissions have become an important aspect of China's active response to climate change.

And for such a carbon emitter, it can control China's greenhouse gas emissions. At present, what we need to do is to continue to strengthen the construction of the market, and also check this function, and gradually expand the coverage of the market, so that the main body of the transaction is more abundant, and the variety of transactions also has a greater level of expansion.

In fact, the demand for carbon trading in the entire domestic market is still very large, because it is not included in many large enterprises and some factories, and its entire purchasing capacity is still there.

Now everyone is very concerned about the overall shortage of China's carbon market since its launch a year ago, in fact, this situation is relatively stable. And the current situation of carbon trading in China is also very good, and online trading has also been opened. This has brought a good market for China, and Zhou Fu pointed out that the period has been included in the focus of the power generation industry, and the emissions have also reached a very high number.

Its emissions are very good, with 4.5 billion tons, making it the world's largest carbon market in terms of covered emissions. Everyone also paid attention to the fact that the cumulative turnover has reached 100 million yuan.

The current situation in China is very good, the overall development is particularly stable, and the income is relatively stable.

Carbon trading refers to the carbon trading market, which is simply understood as a commodity to buy and sell carbon dioxide emission rights, and the buyer obtains a certain amount of carbon dioxide emission rights by paying a certain amount to the seller. It is a solution to the global warming climate crisis, and it is a mechanism adopted to promote the reduction of global greenhouse gas emissions and reduce global carbon dioxide emissions.

The carbon trading market is a rule-based system composed of core elements including trading entities (emission control enterprises), trading products (carbon emission rights), trading processes, trading activities and regulatory activities (** supervision).

The state now strictly controls carbon dioxide emissions, and the state allocates shares to each company, but for different companies, the situation is different, some companies may exceed the carbon dioxide emission standard, some companies may be more than enough, and the surplus companies can sell the rights to those companies that exceed the carbon dioxide emission standard.

It is worth noting that there is now a concept of carbon neutrality, which has attracted the attention of many investors, but when investing in such a company, you need to have a detailed understanding of the listed company, and then at a low position in the stock price, you can sell it for a profit after the subsequent stock price.

Carbon trading is simply to treat the right to carbon emissions as a commodity to buy and sell in the market, in order to control greenhouse gas emissions, each enterprise has an emission limit, once exceeded, must go to the market to spend money to buy the credit.

Market mechanisms for reducing global CO2 emissions.

At present, the average annual carbon trading price in China is 49 yuan per ton. According to the United Nations Environment Organization, the social cost of carbon emissions is around US$41 per tonne, and international carbon trading** is more than US$47.

Obviously, China's carbon emission trading is too low to truly reflect the value of renewable electricity to carbon dioxide emission reduction, such as wind power, photovoltaic and biomass power generation.

Of course, as carbon indicators become a strong demand, China's carbon trading will naturally rise, and recent transactions show that China's carbon trading once reached 87 yuan per ton.

Wind power, photovoltaic and biomass power generation will be the biggest beneficiaries as the scale of the carbon market expands and matures, mainly because they are the largest carbon reduction and carbon neutrality main force in the energy sector before hydrogen is widely used.

The carbon emission reduction targets in the hands of wind power, photovoltaic and biomass power generation will become the sweets of high-energy enterprises. 100 million kWh of green electricity can reduce nearly 80,000 tons of carbon dioxide, which is a very considerable benefit.

Carbon index trading not only greatly shortens the investment cycle of renewable energy development, but also improves the economy of wind power generation and tung beam material power generation.