China has built the world s largest carbon market covering greenhouse gas emissions

Mondo International Updated on 2024-02-27

At the regular policy briefing held on the 26th, Zhao Yingmin, vice minister of the Ministry of Ecology and Environment, said that since the launch of the national carbon emission trading market for two and a half years, the overall operation has been stable, and the annual carbon dioxide emissions covered by it are 5.1 billion tons, making it the world's largest carbon market covering greenhouse gas emissions.

Zhao Yingmin introduced, the national carbon emission trading market to choose the power generation industry as a breakthrough, has successfully completed two compliance cycles, has now established a relatively complete set of institutional framework system, built a "national carbon market information network", built and stable operation of the relevant registration system, trading system, management platform three major infrastructure, carbon emission accounting and management capabilities have been significantly improved, as of the end of last year, the cumulative volume of the national carbon emission trading market reached 4400 million tons, with a turnover of about 24.9 billion yuan.

Zhao Yingmin, Vice Minister of the Ministry of Ecology and Environment, said that in the next step, we will follow the basic positioning of the carbon market as a policy tool to control greenhouse gas emissions, optimize the quota allocation method in accordance with relevant regulations on the premise of effective risk prevention, gradually expand the coverage of the industry, continuously enrich the trading varieties, trading entities and trading methods, stimulate market vitality, and give full play to the decisive role of the market mechanism in the allocation of carbon emission reduction resources, so as to promote the green and low-carbon transformation of the economy and society.

* CCTV News Editor-in-charge: Li Jiaxin.

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