Industry news
1.MeetingsOn February 5, Huang Runqiu, Minister of Ecology and Environment, presided over an executive meeting of the Ministry to review and approve in principle the "Technical Regulations on the Environmental Management of Radiation of Radioactive Waste in Uranium Mining and Metallurgy", the Environmental Impact Report (Construction Stage) of Unit Zhangzhou Nuclear Power Plant and the review and supervision of the application for construction permits. Quoted from:: The Ministry of Ecology and Environment held an executive meeting of the ministry).
2.policyOn February 5, the Ministry of Natural Resources issued the "Measures for Administrative Punishment of Natural Resources", which pointed out that the administrative punishment of natural resources includes: warning, notification of criticism; fines, confiscation of illegal gains, confiscation of illegal property; Suspend licenses, reduce qualification levels, and revoke licenses; order the suspension of production and business; demolition of new buildings and other facilities on illegally occupied land within a time limit; Other administrative penalties provided for by laws and regulations. Quoted from:: "Measures for Administrative Punishment of Natural Resources" released! )
3.policyAccording to the news of the National Railway Administration on February 5, in order to fully implement the national decision-making and deployment and accelerate the green and low-carbon development of railways in the new era, recently, the National Railway Administration jointly issued the "Implementation Plan for Promoting the Low-carbon Development of the Railway Industry". The guiding ideology and basic principles of low-carbon development of the railway industry are pointed out, the overall goals and main indicators are proposed, and the key tasks are put forward from five aspects. The first is to promote the construction of green railways. The second is to promote the low-carbon transformation of transportation equipment. The third is to optimize and adjust the transportation structure. Fourth, promote green operation and maintenance. Fifth, establish a long-term development mechanism. Quoted from:Total carbon emissions from railways will peak before 2030! The five departments issued the "Implementation Plan for Promoting the Low-carbon Development of the Railway Industry".
Today's view
Nine possible shifts in China's carbon market in the future
First of all, strict legislation and the establishment of a policy system to ensure "scarcity". Carbon emission reduction has shifted from soft constraints to hard constraints, that is, the issuance of carbon allowances has shifted from loose to tight, and to absolute total emission reduction.
Secondly, rigorous quantification, the establishment of a technical system, to ensure "scientific". The carbon accounting verification method has shifted from the emission factor method and the carbon balance method to the direct measurement method to achieve the purpose of strong comparability, high accuracy and high practicability. In the future, a carbon monitoring and evaluation system will be built, the scope of the monitoring network and monitoring elements will be basically covered, and the technical methods of carbon source and sink assessment will be basically mature.
3.The main participants in the market have shifted from emission control enterprises to emission control enterprises, non-emission control enterprises, financial institutions, intermediaries and individual investors.
4.The trading varieties have shifted from spot-based to spot, ** and raw products.
5.The quota allocation method has shifted from free distribution to paid distribution.
6.The key emission control industries have shifted from eight major industries, such as power generation, to emission facilities (such as thermal power plants, oil refineries, and shipping lines) that meet certain emission standards.
7.Financial institutions have shifted from intermediary services such as account opening and settlement to active behaviors such as trading and market making.
8.Intermediary service agencies have shifted from providing services such as consulting and monitoring to active behaviors such as mining, sharing, and arbitrage.
9.The market pattern has shifted from different regional markets to a unified national market, and from the domestic market to the international market docking.
Source: 9 possible future shifts in China's carbon market