The national carbon trading market has been solidify the construction system from two aspects

On December 19th the much-watched national carbon trading system was launched. Picturephone meeting on the same day, the national development and reform commission, to mobilize the deployment of promote the construction of the national carbon emissions trading market, aims to use market mechanism to control and reduce greenhouse gas emissions, and promote the development of green low carbon, unified national carbon market construction to begin.

Global warming caused by greenhouse gas emissions has been a worldwide problem from the start. As a responsible major country, China is working to achieve the carbon emission peak through the launch of the national carbon market.

Carbon market construction is the policy means to achieve emission reduction targets at the minimum cost. The national development and reform commission has launched a pilot scheme to trade carbon emissions in seven provinces and municipalities including Beijing, covering a range of industries and nearly 3,000 key emitters. In carbon emissions trading pilot construction, on the basis of our country will be in stages, steadily push forward the construction of the carbon market, in power industry as a breakthrough point, to start the "three steps" roadmap, gradually to other energy intensive and highly polluting industries into the carbon market to carry out the construction in the country.

From the pilot construction, carbon market plays an active role in promoting low-carbon development and effective control of carbon dioxide emissions in enterprises and pilot regions. Industry insiders believe that the price of carbon asset is expected to open up. However, carbon market construction is a complex system project after all. In the process of national carbon market construction, some problems must be taken seriously.

First of all, enterprises should deepen their understanding of carbon trading market and carbon asset management. In the future, carbon trading will be more and more expensive, and the carbon price will increase as the carbon price increases. Enterprises should prepare for this, and consider this problem from technical means and strategic layout. The more companies that manage high levels of production and the low emissions of their units, the more they produce, the more quotas they will receive, and the more money they get from trading on carbon, the more competitive it becomes.

From recent opinion, single in terms of the power industry, with deepening the reform of electric power system, the management level of higher enterprise will further take advantage of its capacity, the power generation market space will be bigger and bigger. Correspondingly, the overall cost of the whole industry is falling, with the deepening of the carbon trading.

At the same time, building a national carbon market requires unified trading standards to prevent the emergence of institutional "arbitrage" space. In the eyes of wang jun, a senior carbon management consultant, the national carbon market is not allowed to speculate in the early stages, and the improvement of the carbon market system is the cornerstone of national carbon market development. In the early stage, more or more, the establishment, implementation and improvement of carbon trading policies. In order to incorporate the non-performance of enterprises, the corresponding penalty measures shall be formulated, and the trading technology and details shall be standardized.

At present, our country will be the first to promote the construction of three big system, namely, monitoring, reporting and verification system of carbon emissions, key units to be emissions quota management system and market transaction system, and construction of carbon emissions data submitted as soon as possible, carbon emission rights registration, and carbon emissions trading and settlement four big support system, to further consolidate the carbon trading system, the effectiveness of the carbon market into full play. When the system is perfected, the carbon financial market will be opened up further, and nature will attract more capital to participate.

Therefore, for the current carbon price to continue to hover at about 50 yuan per ton, the national market is expected to be resolved after the launch. However, a higher carbon price would allow companies to incorporate emissions cuts into decision-making. When the carbon market works, the carbon price is mainly determined by the market, subject to the relationship between supply and demand and the cost of emission reduction. Jiang zhaoli, deputy director of the national development and reform commission‘s department of climate change, has said that 200 to 300 yuan per tonne is the ideal value for future carbon trading as the national carbon market starts.