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At the initial stage of the national carbon market, industries with good data base such as electrolytic aluminum will be included first.

according to insiders close to the national development and Reform Commission, in the initial stage of the national carbon emissions trading market, it may not be included in the original eight categories of industries, but in industries with good data base such as electric power, cement, electrolytic aluminum, steel, chemical industry, etc., or not for the time being

the calm carbon market has recently made waves

21st Century Business Herald learned from insiders close to the national development and Reform Commission that in the initial stage of the launch of the national carbon emissions trading market (hereinafter referred to as the "carbon market"), it may not be included in the original eight categories of industries, but first into industries with a good data base, such as power, cement, electrolytic aluminum, and steel, chemical and other industries may not be included temporarily

at present, the overall scheme of carbon quota allocation has been determined, and the specific calculation formula is still being consulted. The construction plan of supporting system for the national carbon market has not been determined. Based on this calculation, industry insiders predict that the national carbon market may start in the fourth quarter of this year

in response, jiangzhaoli, deputy director of the climate Department of the national development and Reform Commission, responded to the 21st Century Business Herald that everything is still under discussion and has not been determined, and the final decision of the State Council shall prevail

the initial scale will exceed 5 billion tons

as one of the key tasks of deepening economic system reform in 2017, the national carbon emission trading market will be launched this year

according to the plan, the national carbon market will cover 8 categories and 32 sub industries, including petrochemical, chemical, building materials, steel, nonferrous metals, papermaking, electric power, civil aviation, etc

however, the scope of industries included in the initial stage may be reduced. According to insiders close to the national development and Reform Commission, only industries with a good data base, such as electricity, cement and electrolytic aluminum, may be included in the national carbon market at the initial stage. The volume of these three industries may exceed 5 billion tons, exceeding the previous expectations of the national development and Reform Commission

the local data verification and submission originally scheduled to be completed on June 30, 2016 was completed earlier this year, but the quality of the data submitted was uneven

it was previously reported that at the end of March, seven pilot provinces and cities of carbon trading and Fujian and Jiangsu had submitted the construction plans of the national carbon emission trading system and the registration system according to the requirements of the national development and Reform Commission, and the selection results were announced in early April. At the end of July, the registration system and the national trading system will be launched to complete the account opening, information entry and registration of key enterprises


however, the actual progress has been delayed. It is understood that the national development and Reform Commission organized experts to complete the review in early May. 21st Century Business Herald asked the participating trading institutions about the latest progress, and the other party declined the interview request

the total amount setting and allocation plan of national carbon emission quotas has been approved. The general idea is that the central government determines the allocation method and local governments implement quota allocation. The specific calculation method of distribution has not been determined, and the discussion draft is being solicited for comments. It will be a process of continuous improvement to learn from experience and lessons and adjust the distribution method

at present, seven carbon market pilot areas are still trading normally

on May 17, the average transaction price in Beijing carbon market was the highest, 59.78 yuan/ton, with a trading volume of 8507 tons, and about 108900 tons of CCER agreement transfer. The highest trading volume of Hubei carbon market was about 232000 tons, closing at 16.4 yuan/ton. The newly joined Sichuan carbon market has not been traded yet, while the Fujian carbon market traded 5600 tons at the price of 36.32 yuan/ton that day. According to the statistics of the Strait equity trading center, the total custody of carbon emission quotas in Fujian carbon market has reached 7.6 million tons

since the announcement of the first Five-Year Plan for greenhouse gas emission control in China on November 4 last year, local versions of the plan for greenhouse gas emission control have been published successively, in which the carbon dioxide emission target per unit of GDP is basically consistent with the national planning target

when referring to the construction of carbon trading market, the specific ideas include the establishment of carbon emission trading system, the construction of national, local and enterprise three-level greenhouse gas emission accounting, reporting and verification system, the construction of greenhouse gas emission data submission system for key enterprises, and the strengthening of the basic supporting capacity of carbon emission trading

the local quota allocation benchmark is stricter

following Sichuan, on May 17, the trial calculation meeting of carbon quota allocation was held in Jiangsu

according to the previous notice of the national development and Reform Commission, the relevant teams will go to Sichuan and Jiangsu provinces to carry out the trial calculation of quota allocation in power, cement, electrolytic aluminum and other industries, and carry out data quality verification and research in Sichuan and Jiangsu provinces at the same time

the quota allocation scheme (discussion draft) of the national carbon trading market was made public for the first time at the trial calculation and training meeting of carbon quota allocation in Sichuan Province a week ago

according to insiders, the quota allocation method is the baseline method. The product of the national industry benchmark determined by the national development and Reform Commission, the local industry adjustment coefficient determined by the local development and Reform Commission, and the actual output of the enterprise's products in the current year is the enterprise quota

among them, electricity is divided into 11 baselines according to pressure, unit capacity and fuel type. The quota allocation benchmark value of gas-fired units above class F is the lowest

it is reported that the benchmark value is determined on the basis of collecting and comparing different emission levels of the same unit or production line in the same industry, taking into account national emission reduction targets, industry quota gap, enterprise stress test simulation results and other factors

the local industry adjustment coefficient can only be less than or equal to 1, that is to say, the local benchmark can only be more stringent than the national benchmark. Qian Guoqiang, deputy general manager of Zhongchuang carbon investment, said that this provision means that local governments can increase their own quotas and tighten the distribution of quotas. On the contrary, it is easy to cause quota overrun, and the national carbon market cannot operate normally

in this regard, some industry experts suggested that the "13th five year plan" for the control of greenhouse gas emissions clearly defines the emission reduction targets of each province, and the provincial adjustment coefficient can be guided by this target

quotas are not distributed all at once, but a certain proportion of quotas are distributed first, and the actual quotas are refunded after accounting. The discussion draft tentatively determines that the pre allocation proportion of the power industry is 70%, and that of cement and electrolytic aluminum is 50%

Qian Guoqiang said that this practice has drawn lessons from the EU carbon market. The baseline method of EU carbon market is to calculate the quota benchmark value with a certain historical year as the reference value, and the allocation method and total quota are very clear

however, the historical reference value cannot represent the future, and the impact of fluctuations in economic development on the degree of quota tightness is not considered. The result is that the seemingly strict baseline allocation method is easy to lead to excessive issuance of carbon quotas during the economic downturn

China's distribution plan has learned the lessons of Europe. It uses the actual output of the year rather than the historical output to determine the annual quota of enterprises. However, if the pre distribution party simply seeks to send a part of the enterprise in advance in a cheap way, it will verify the quota of the previous year after obtaining the actual verification data of the enterprise at the beginning of the second year, and refund the excess and supplement the deficiency

enterprises whose emission level is higher than the national quota allocation benchmark value should be prepared for insufficient quotas. Enterprises whose emissions per unit of product are below the baseline may have, but the increase in volume can not guarantee the synchronous improvement of quality and surplus quotas. Enterprises can estimate the tightness of quotas according to their planned output, emission intensity and other factors, with reference to national benchmark values, and decide whether to conduct quota trading. Considering that different industries have different fluctuations with economic changes, the proportion of pre distribution is also different

for the discussion draft, industry experts said that the quota allocation plan is very detailed and highly operable. However, there are still some areas for improvement. Taking the power industry with the largest proportion of quotas as an example, it is unclear whether the allocation method is to achieve the total amount target or to achieve the homogenization of emission reduction costs among industries

the expert suggested that the quota allocation method could be coordinated with other policies. For example, the national plan for coping with climate change (year) proposed that by 2015, the carbon dioxide emission level of power supply units of large power generation enterprise groups should be controlled at 650 g/kWh. According to the 13th five year plan for power development, the carbon dioxide emission intensity of coal-fired units will drop to about 865 grams per kilowatt hour by 2020

of course, the elongation at break of General PE is 90% - 950% (among which the elongation of linear low density polyethylene LLDPE is higher). The discussion draft is still in the process of soliciting opinions, and all benchmark values are likely to change, all subject to the final carbon quota allocation scheme

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