Recently, we learned from the Department of Ecology and Environment of Ningxia Hui Autonomous Region that a regulation called "Implementation Rules for the Administration of Carbon Emission Trading in Ningxia Hui Autonomous Region (Trial)" will be officially implemented on December 22, 2023. The promulgation of these rules aims to strengthen the management of carbon emission trading, promote green and low-carbon development, and promote sustainable economic and social development.
According to the requirements of the Implementation Rules, all greenhouse gas emitting enterprises included in the list of key emitting enterprises must meet two conditions: they belong to the industries covered by the national carbon emission trading market; Annual greenhouse gas emissions reach a certain scale. This means that only those that meet these two conditions can participate in carbon trading. At the same time, the "Implementation Rules" also clearly stipulate that the categories of biomass power generation units, co-burning power generation units, special fuel power generation units, power generation sets using self-produced resources and other special power generation units specified in the implementation plan for the setting and allocation of total national carbon emission trading quotas shall not be included in the quota management for the time being. This means that these units are not subject to allowances for the time being. The promulgation of the Implementation Rules will help promote the green and low-carbon development of Ningxia and promote sustainable economic and social development. At the same time, it will also provide useful reference and reference for the construction of the national carbon emission trading market.