July 14 (Xinhua) the State Council Information Office held a regular policy briefing on July 14 to introduce the launch of the national carbon emission trading market. Zhao Yingmin, Vice Minister of the Ministry of ecology and environment, and Li Gao, director of the Department of climate change response of the Ministry of ecology and environment, responded to the issues of online trading time, talent team construction of carbon market, and how to form the carbon price of carbon market.
Launch online trading at the right time in July
Zhao Yingmin, Vice Minister of the Ministry of ecological environment
Recently, the executive meeting of the State Council decided to launch the national carbon emission trading market in July. Zhao Yingmin said on the 14th that the Ministry of ecological environment took the lead in organizing the construction of the national carbon market. At present, the relevant construction tasks have been basically completed, and all the preparatory work has been ready.
Release price signal for carbon emission reduction and provide economic incentive mechanism
What specific role does the national carbon market play in the process of carbon peaking and carbon neutralization? Zhao Yingmin explained that the national carbon market is very important for China’s carbon peak and carbon neutralization.
It is mainly reflected in four aspects: first, promote the high emission industry controlled by the carbon market, realize the green and low-carbon of industrial structure and energy consumption, and promote the high emission industry to reach the peak first. The second is to release price signals for carbon emission reduction, and provide economic incentive mechanism to guide funds to industries and enterprises with large emission reduction potential, promote green and low-carbon technology innovation, promote the breakthrough of cutting-edge technology innovation and the transformation of green and low-carbon development of high emission industries. Third, through the construction of national carbon market offset mechanism, promote the increase of forestry carbon sequestration, promote the development of renewable energy, help regional coordinated development and ecological protection compensation, and advocate green and low-carbon production and consumption mode. Fourth, relying on the national carbon market, it provides investment and financing channels for the transformation of green and low-carbon development of industries and regions to achieve carbon peak and carbon neutralization.
Promote the early release of the Interim Regulations on the administration of carbon emission trading
Zhao Yingmin said that in order to further improve the data quality of the national carbon market, efforts will continue to be intensified in the next step. First, actively promote the release of the Interim Regulations on the administration of carbon emission trading as soon as possible, increase the penalties for data fraud, and strengthen law enforcement protection. Second, we will continue to strengthen capacity building and enhance the business capabilities of all parties involved in the carbon market. Third, strengthen supervision and guidance, continue to carry out supervision and assistance to local ecological environment departments and enterprises, and pay close attention to data management. Fourth, strengthen the information disclosure and credit system construction, with the help of the whole society to supervise the data management work, so as to improve the data quality of the national carbon market.