[Review of the first year of the National Carbon Trading Market]
DATE：2022-03-18
The national Carbon Emission Trading Market (HEREINAFTER referred to as the National Carbon Market) will start trading in 2021 from July 16 to December 31.
The national carbon market has been in operation for 114 trading days, with cumulative trading volume of carbon emission quota (CEA) reaching 179 million tons and 7.661 billion yuan, three-quarters of which took place in December. The total trading volume of listing agreement is 30.7746 million tons, and the total turnover is 1.451 billion yuan. The accumulative volume of bulk agreement transactions is 148.0148 million tons, with a total turnover of 6.210 billion yuan. The closing price on December 31, 2021 was 54.22 yuan/ton, up 12.96% from the opening price on the first day. More than half of key emitters actively participate in market trading.
With the end of the first implementation cycle of the national carbon emission trading market, the implementation situation has become the focus of attention. According to the Ministry of Ecology and Environment, the fulfillment rate within the cycle was 99.5 percent.
Penalties have followed for the few that have failed to comply. On January 3, Suzhou Municipal Bureau of Ecology and Environment disclosed the first case in China that the carbon emission quota in the national carbon market was not fulfilled on schedule, and said that it had investigated and punished the enterprises that violated the rules, which also sounded the alarm bell for the various players in the carbon market.
As double carbon chain enterprises in the "brain" carbon black carbon technology is particularly nervous busy, before the end of the performance cycle to reasonable planning: enterprise carbon asset trading strategy advice for quota a surplus enterprise, enterprise performance and optimization scheme for quotas have gap, for buyers and sellers in the market for carbon dealmaking, etc.
At present, many enterprises are relatively blank, or even blank blind area is exactly the "clean carbon technology" is good at the field.
In terms of transaction size, the national carbon market has become the largest spot carbon market in the world. In November and December 2021, the trading volume continued to increase. As the validity period of carbon quota is not clear, the market is generally expected that the quota can be used over time. Under the "dual carbon" target, the quota value will be bullish in the long run, so most enterprises are not willing to sell. In the future, the carbon quota allocation system is expected to be further improved, including the introduction of paid allocation and the definition of the effective life of the carbon quota.
In addition, according to the relevant rules of the national carbon market, enterprises that control emissions can use CCER to offset the paid carbon emission quota, with the offset proportion not exceeding 5% of the carbon emission quota that should be paid.
In the first implementation period of the national carbon market, there are not a few emission control enterprises that adopt CCER offset quota to implement the implementation.
Nearly 70% of enterprises in Shanghai use CCER offsetting quota to fulfill the contract; Although the CCER price rises again and again during the implementation period, compared with the quota price in the national carbon market, CCER is still a low-cost implementation channel.
At present, there are not many CCER projects available in the market. It is widely expected that CCER projects will be re-registered and issued in 2022 to provide low-cost performance channels for enterprises controlling emissions. Carbon removal technology has rich experience in assisting enterprises to develop and obtain the whole chain business of CCER filing and issuing and even the transaction process, and can undertake CCER management (custody) services.
Looking to the future, the national carbon market will gradually expand the scope of industry coverage, further improve carbon pricing and carbon trading mechanism and rules, allowing institutional investors to enter the trading, and "carbon cleaning technology" will pay attention to and participate in the whole process, along with the development of China's carbon market, to fulfill their commitment to a zero-carbon future!
Finally, the carbon cleaning technology exclusively presents the "national carbon market in the first year of the complete market trend chart", the picture is long, suggest horizontal viewing, in-depth review, I believe it will be deeply inspired.
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