In 2024, the field of green and low-carbon development ushered in a "good start" at the institutional level, in order to promote the realization of China's "double carbon" goal, on February 4, Premier Li Qiang signed an order to announce the "Interim Regulations on the Administration of Carbon Emission Trading" (hereinafter referred to as the "Regulations"), which will come into force on May 1, 2024, and there is a new and strong policy guarantee in the field of green and low-carbon development.
The Regulations emphasize the prevention and punishment of carbon emission data fraud, and effectively maintain the fairness and integrity of the carbon market and the authenticity of the data by strengthening the responsibility constraints of key emitting enterprises, strictly managing technical service institutions, and strengthening supervision and inspection and increasing penalties, which has a significant and far-reaching impact on ensuring the steady development of China's carbon market and helping to achieve the strategic goals of carbon peak and carbon neutrality.
In the context of the implementation of carbon emission trading, a key policy tool, Jiahua Technology has played a dual role in China's carbon market with its unique advantages and responsibilities - both as a participant and a builder. Especially in terms of ensuring and improving data quality, Jiahua Technology's professional strength and technical achievements are particularly prominent. Jiahua Technology uses digital means to go deep into all aspects of carbon emission data collection, processing, monitoring, report verification, etc., and builds a strict data quality management system to ensure the accuracy and integrity of data.
According to the dynamics of Jiahua Technology (688051), in 2023, the company and its wholly-owned subsidiary, Beijing Jiahua Zhilian Technology, won the bid for the construction and operation and maintenance project of the national carbon market power generation industry information platform of the Ministry of Ecology and Environment, promoting the digital, intelligent and systematic development of the national carbon market management business, improving the quality of national carbon emission data, and supporting the healthy and orderly development of the national carbon market. The national carbon market platform has not only realized the systematic upgrading of business processes, but also carried out precise docking according to the requirements of the Regulations, which has effectively filled the institutional gap in data quality management of China's carbon market and improved the transparency and credibility of the entire market.
Overall, driven by continuous positive policies, the national carbon market will enter a leapfrog development. As an important stock in the field of carbon peaking and carbon neutrality on the Science and Technology Innovation Board, Jiahua Technology is expected to rely on strong supporting capabilities and expansion capabilities to improve profitability and space, and achieve rapid growth in 2024.