The national carbon emission trading market (abbreviated as the "national carbon market"), which will be officially launched at the end of June, is approaching, and many parties are speeding up preparations. Reporters learned that at present, the further construction of the national carbon market registration system and trading system is progressing steadily, and the relevant rules and regulations for the registration and settlement of trade and management will be released as soon as possible. It is expected that all the preparatory work will be completed by the end of May. The first batch of included power enterprises have completed the online account opening information review, and are now speeding up the completion of data filling before the end of April, ready to receive third-party verification.

As one of the core policy tools to implement "carbon peak" and "carbon neutral", China will accelerate the construction of a national carbon emission trading market, which is listed in this year's government work report.

According to Li Gao, director of the Department of Climate Change under the Ministry of Ecology and Environment, since 2011, China has carried out pilot carbon emission trading in 7 provinces and cities. As of March this year, it has covered more than 20 industries and nearly 3,000 key emission enterprises, covering a total of 440 million tons of carbon emissions, with a total turnover of about 10.47 billion yuan. It is the world's largest carbon market covering carbon dioxide emissions.

On this basis, the first implementation cycle of the national carbon market was officially launched on January 1 this year, involving 2,225 key emitters in the power generation industry. From February 1, the "Carbon Emission Right Trading Management Measures (Trial)" formally implemented; At present, the Interim Regulations on the Administration of Carbon Emission Trading (Revised Draft) is also soliciting public opinions.

Li Gao revealed that the construction of the national carbon market has entered a critical stage, and the relevant rules for registration and trading settlement will be issued as soon as possible, the further construction of the registered trading system will be completed, the operation test of quota allocation will be organized and the online trading will be started as soon as possible.

It is understood that the national carbon emission right trading system landed in Shanghai, the registration system is set up in Wuhan, Hubei Province, the registration and trading institutions by the 7 pilot provinces and cities, Fujian, Jiangsu jointly built. Recently, the National Carbon Emission Registration System has completed the first batch of audit to include the account opening data of electric power enterprises. The main data center of the system has been completed and put into use, and has been equipped with the functions of account opening, quota issuance and contract performance. It will be formally put into operation by the end of June.

"Companies are now busy preparing carbon emissions data, which they have to complete before the April 30 deadline, and third-party verification is expected in May. It also needs to be prepared in terms of internal management and decision-making mechanism." A professional working on carbon assets in a power generation enterprise in Jiangsu told the Economic Information Daily reporter that it is difficult for enterprises to participate in the carbon market at the beginning.

According to statistics from Shengang Securities, the annual carbon emissions of the power industry are about 4 billion tons, and the first batch of power enterprises to be included in the national carbon market account for more than 3 billion tons. According to the above people from Jiangsu power generation enterprises, the first trading of the national carbon market will start in June and the first implementation will be completed in December. In the first year, institutions and individuals may not enter the carbon market, and CCER (National Certified Voluntary Emission Reduction) may also not be included. Industry insiders estimate that in 2021, the trading volume of China's carbon trading market may reach 250 million tons, three times the total trading volume of each pilot exchange in 2020, and the transaction amount will reach 6 billion yuan.

Xiamen university, China center for economic research professor Sun Chuanwang energy in an interview with the economic information daily, reporter suggested that the future construction of the national carbon market, on the one hand, should further highlight carbon asset value, gradually reduce the free quota proportion, to further expand carbon cap-and-trade covering industry, different areas key emissions enterprise management requirements; On the other hand, we should continuously improve the activity of carbon market, promote the construction of carbon financial market, and at the same time prevent excessive financialization.

Yi Gang, governor of the People's Bank of China, said earlier that financial regulators would cooperate with relevant departments to participate in the management of the carbon market. Local planning is also accelerating. Shanghai says it wants to build an international carbon finance centre on the basis of a national carbon trading market. The Fourteenth Five-Year Plan for the National Economic and Social Development of Guangdong Province and the Outline of the Long-range Goals to 2035, released recently, proposed to deepen the pilot carbon trading and actively promote the formation of the Guangdong-Hong Kong-Macao Greater Bay Area carbon market. Beijing has proposed to improve its carbon emission trading system and build a national management and trading center for voluntary greenhouse gas emission reductions.

Sun Chuanwang believes that with the increasing intensity of carbon emission reduction, enterprises should improve their carbon asset management ability while promoting low-carbon development.