The national carbon market is "walking steadily" and waiting for "living water"
2021-10-28
On October 23, the national carbon emission trading market was officially launched and has been online for 100 days. Since its opening on July 16 this year, as of October 22, the cumulative turnover of the national carbon market has exceeded 800 million yuan. Standing at the new starting point of 100 days, with the improvement of mechanism and the ignition of vitality, the future development space of China's carbon market is worth looking forward to. Steady! The cumulative turnover in one hundred days exceeded 800 million yuan The reporter learned from Shanghai environment and energy exchange, the trading operation and maintenance unit of the national carbon market, that as of October 22, 2021, the national carbon market had operated for 64 trading days, with a cumulative trading volume of 19.1106 million tons and a cumulative trading amount of 863 million yuan. The highest transaction price of listing agreement transaction is 61.07 yuan / ton and the lowest transaction price is 41.00 yuan / ton. Looking back on the past 100 days, it is gratifying to see several "steady" trends in the national carbon market. The overall operation is stable and orderly. Since the opening of the market, there have been transactions in the national carbon market every trading day, with a maximum trading volume of 8.4744 million tons per day and an average daily trading volume of about 300000 tons. Both listing agreement transactions and block agreement transactions have been concluded. At present, about 90% of key emission units in the national carbon market have completed the opening of trading accounts. The price discovery function appears steadily. The quota price of the national carbon market is opened at 48 yuan / ton. At present, the highest transaction price is 61.07 yuan / ton, the lowest transaction price is 41.00 yuan / ton, and the average transaction price is about 45 yuan / ton. Overall, the national carbon market is still in its infancy, the trading price fluctuates to a certain extent, the awareness of carbon trading of key emission units continues to improve, and the price discovery function of carbon market appears steadily. The service level has been steadily improved. Since the opening of the market, Hubei carbon emission trading center and Shanghai environment and energy exchange, which are respectively responsible for the national carbon emission registration system and trading system, have continued to build the carbon trading capacity of key emission units while doing a good job in registration, trading organization and ensuring the stability and order of the market, and made every effort to promote the improvement of the market rule system and the establishment of institutions, Continuously improve the service level of the national carbon market. Industry insiders pointed out that for the national carbon market that has just reached 100 days, it is a preliminary success to achieve the word "stable" in the initial stage. With the improvement and development in stages in the future, the trading space of the national carbon market is worth looking forward to. The largest carbon market leads the new track of low-carbon transformation The power generation industry is the first industry to be included in the national carbon market. In the early stage of market startup, quota spot trading was only carried out among more than 2000 key emission units in the power generation industry. According to the relevant calculations of the Ministry of ecological environment, the carbon emissions of the enterprises included in the first batch of carbon market coverage exceed 4 billion tons. This means that once China's carbon market is launched, it has become the largest carbon market covering greenhouse gas emissions in the world. "During the 14th Five Year Plan period, other high energy consuming industries in China, such as petrochemical, chemical, building materials, iron and steel, nonferrous metals, papermaking and aviation, are gradually incorporated into the national carbon trading market, which means that China, the world's largest carbon market, will become larger," said Liu Xi, a researcher at Everbright futures. As an important starting point to achieve the goal of "double carbon", China's carbon market, which is already the largest and can be bigger, is injecting new vitality into the global low-carbon transformation. Zhao Xiaoju, honorary president of Shanghai International Financial Center Research Institute of Shanghai University of Finance and economics, said that there are many market economic subjects in China. The operation of the national carbon market can effectively promote these market subjects to enhance their awareness of energy conservation and emission reduction and accelerate the low-carbon transformation, which undoubtedly adds new vitality and confidence to the global cooperation to deal with climate change. At the end of the century, although the transaction scale of the national carbon market is not large, the low-carbon concept it advocates has "invigorated" the market, and many traditional high energy consuming enterprises are actively laying out the track of green transformation. In September this year, a ship of 30000 tons of crude oil originating from Angola traveled more than 9300 nautical miles to Zhoushan port. Shanghai environment and energy exchange issued China's first carbon neutral oil certification for the ship's oil. Sinopec, COSCO Shipping and China Eastern Airlines offset carbon emissions throughout the life cycle of oil by implementing energy conservation and emission reduction strategies and purchasing national certified voluntary emission reductions (CCER). This cooperation among the domestic oil industry, shipping industry and aviation industry has achieved oil carbon neutralization covering the whole field of sea, land and air, with a demonstration effect. More than that, Ezhou Power Generation Co., Ltd., a subsidiary of Hubei energy group, said that it was increasing its reliance on technical means to reduce energy consumption and carbon emissions; At present, Shanghai Petrochemical is actively promoting the technical research and development of carbon fiber in the field of hydrogen storage, and promoting "new materials" and "new energy" to go hand in hand; Many industrial production enterprises regard whether they attach importance to sustainable development as an important reference standard when selecting upstream suppliers... Like a strong new wind, the low-carbon concept brought by the carbon market is rapidly transmitting to the upstream and downstream of the industrial chain. Hundred days is still early, and the future needs "living water" As a newly started trading market, the development of the national carbon market is still facing an arduous task of construction and improvement. After the word "stable", the word "live" will become the most important topic in the national carbon market. "The current carbon pricing is still unable to provide sufficient incentives for the R & D and investment of energy-saving and emission reduction technologies, and there is a large room for improvement in the future." Sun Yongping, executive vice president of the school of low carbon economics of Hubei University of economics, said that it can promote the liquidity of the carbon market and the authority of carbon pricing from four aspects, including increasing the number of auctions and activating the primary market; Expand industry coverage and increase transaction subjects; Introducing institutional and individual investors to increase market liquidity; Introduce carbon futures, options and other derivatives transactions to improve the flexibility of enterprise performance portfolio. It is understood that in order to improve the transaction scale and activity, Shanghai Environmental Exchange will launch corresponding measures next, including promoting more enterprises to enter the market, improving the transaction frequency, steadily promoting product innovation and forming a multi-level product market. Lai Xiaoming, chairman of Shanghai environment and energy exchange, also said earlier that various measures to increase trading subjects and expand trading scope in the national carbon market are being promoted. Among them, nonferrous smelting, cement, steel and other industries are expected to be included in the national carbon market by the end of next year. At the same time, the entry of institutional investors into the market is also accelerating. (outlook new era)
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