Premier Li Qiang recently signed a State Council order, announcing the Interim Regulations on the Management of Carbon Emission Trading (hereinafter referred to as the "Regulations"), which will come into effect on May 1, 2024. Carbon emission trading is an important policy tool for controlling and reducing greenhouse gas emissions such as carbon dioxide through market mechanisms, and helping to actively and prudently promote carbon peak and carbon neutrality. It is of great significance to formulate specialized administrative regulations to provide clear legal basis for the operation and management of the national carbon emission trading market, and to ensure and promote its healthy development. The Regulations summarize practical experience, adhere to full process management, focus on building a basic institutional framework, and ensure the full play of the policy function of carbon emission trading. The Regulations consist of 33 articles, mainly including the following content. One is to adhere to the leadership of the Party. To clarify the management of carbon emissions trading and related activities, we should adhere to the leadership of the CPC and implement the party and national lines, policies, decisions and deployment. The second is to clarify the supervision and management system. It is stipulated that the ecological environment regulatory department of the State Council is responsible for the supervision and management of carbon emission trading and related activities, and relevant departments of the State Council are responsible for relevant supervision and management work according to their respective responsibilities. The third is to establish a basic institutional framework for carbon emission trading management. Clarify the legal status and responsibilities of national carbon emission rights registration and trading institutions, the coverage of carbon emission rights trading, trading products, trading entities and trading methods, determination of key emission units, allocation of carbon emission quotas, preparation and verification of annual greenhouse gas emission reports, as well as carbon emission quota clearance and market trading. The fourth is to prevent and punish the falsification of carbon emission data. Clear regulations are mainly made on strengthening the main responsibility of key emission units, strengthening the management of technical service institutions, strengthening supervision and inspection, and increasing punishment. (Lai Xin She)
Edit：Ying Ying Responsible editor：Shen Chen
Source：http://www.legaldaily.com.cn
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