On January 18, the Shandong Provincial People’s Government held a press conference to introduce Shandong’s completion of the carbon allowance payment work in the first compliance cycle of China’s carbon market.Photo by Wang Meng
China News Service, Jinan, January 18 (Reporter Li Xin) During the first compliance cycle of China’s carbon market, 305 key emission companies in the power generation industry in Shandong actually performed 1.152 billion tons of carbon emissions, with a compliance ratio of 99.82%; the cumulative turnover was 45.98 billion (RMB, the same below), accounting for 58.14% of China’s total.
On January 18, the Shandong Provincial People’s Government held a press conference to introduce Shandong’s completion of the carbon allowance payment work in the first compliance cycle of China’s carbon market.
On January 18, the Shandong Provincial People’s Government held a press conference to introduce Shandong’s completion of the carbon allowance payment work in the first compliance cycle of China’s carbon market.Photo by Wang Meng
China’s carbon emission trading market has been officially launched since July 16, 2021, and the first compliance cycle of carbon emission allowances has been completed. Shandong has a total of 330 key emission companies in the power generation industry that have been included in the quota management of the first compliance cycle in China’s carbon market, and 320 companies have been approved to perform compliance, accounting for one-seventh of the total number of 2,162 compliance companies in China, ranking first in China. The total performance of the contract was 1.154 billion tons.
Hou Cuirong, deputy director of the Shandong Provincial Department of Ecology and Environment, said that the establishment of a carbon market by the state is to increase the cost of low-energy enterprises by setting a price for carbon emissions, provide incentives for high-efficiency enterprises, and ultimately achieve low-carbon transformation, quality and efficiency. . As of January 10, 2022, except for 13 companies whose accounts were seized by the court and 2 companies that were closed and cancelled, they were unable to trade and could not perform their contracts.
“A total of 145 companies in Shandong Province have applied for the opening of CCER accounts, and 51 companies have submitted applications for CCER offset quota clearance, applying for 6.28 million tons of offset volume.” Hou Cuirong also pointed out that companies actively fulfill their responsibilities. For example, the assets of Sinopec Group Qilu Petrochemical Branch of Operation Management Co., Ltd. has a carbon allowance gap of more than 1.5 million tons in 2019-2020. The company purchased allowances from the carbon market through agreement transfer and listing transactions as soon as possible, and actively assumed the responsibility for performance. Completed the first performance cycle of the carbon emission trading market quota performance and payment work at one time, with a total of more than 16 million tons of allowances cleared.
Hou Cuirong said that at present, only the power generation industry is included in China’s carbon emission trading market. In the future, the coverage of China’s carbon market industry will gradually expand, and the market-oriented role of carbon trading will become more obvious. Carbon energy consumption and low-carbon technological transformation, technological innovation in carbon reduction, carbon sequestration, carbon capture, and carbon use, reshaping production processes, technological processes, and even cross-industry integration to form new industries and formats, and continuously enhance competitiveness . At the same time, it will also bring new benefits in carbon trading, carbon asset management, and carbon emission reduction.
In 2020, Shandong’s carbon dioxide emissions per unit of GDP will drop by 24% compared with 2015. Hou Cuirong said that during the “14th Five-Year Plan” period, Shandong will strictly control greenhouse gas emissions and promote green and low-carbon development in the fields of industry, energy, construction and transportation; actively adapt to climate change, improve climate resilience in natural ecology and economic and social fields, and strengthen forecasting Early warning and disaster prevention and mitigation capabilities; strengthen scientific and technological innovation in response to climate change, actively promote the construction of scientific and technological platforms and talent teams in response to climate change, increase the research and development of key core green and low-carbon technologies, and strengthen the promotion and application of scientific and technological achievements; implement low-carbon pilot projects to adapt to climate change Pilot projects, climate investment and financing pilots, and “zero carbon” demonstrations in key industries will be piloted and demonstrated for major projects.
Regarding climate investment and financing work, Wu Hongyang, director of the Climate Change Division of the Shandong Provincial Department of Ecology and Environment, said that Shandong supports the pilot projects of climate investment and financing in Jinan and Qingdao West Coast New Area. At present, the pilot project of Qingdao West Coast New Area has attracted 10 billion yuan in loans from Shandong Green Development Fund, international financial organizations, 10 billion yuan in total annual capital of Qingdao Bank Co., Ltd., and about 12 billion yuan in social investment. China’s first digital RMB The settled carbon inclusive platform “Green Carbon” has more than 200,000 users.
The reporter learned from an interview that Shandong will formulate and issue the “Shandong Electric Power Industry Carbon Emission Management Guidebook” to further strengthen the carbon emission data process management of key emission companies in the power generation industry to prevent quota gaps due to inadequate data management; Consulting and other third-party service agencies and daily supervision of key emission companies, test the quality of work of testing agencies and the authenticity and accuracy of data related to key emission units; strengthen corporate personnel’s awareness of carbon asset management, and promote green and low-carbon development of key industries and companies. (Finish)Return to Sohu, see more
Editor:
Disclaimer: The opinions of this article only represent the author himself, Sohu is an information publishing platform, and Sohu only provides information storage space services.
.