Summary
[Suzhou investigates and handles the country’s first case of failing to comply with carbon emission quotas on time]The Paper learned from Suzhou Ecological Environment Bureau on January 4 that during an inspection of a company in Zhangjiagang on the 1st, the company’s law enforcement officers found that the company had not paid the full amount on time The 2019-2020 annual carbon emission allowances were cleared, and they were suspected of violating the “Regulations on Carbon Emissions Trading Management (Trial)”. He has been ordered to rectify and file a case for investigation. This case is the first case that the national carbon market carbon emission allowances failed to comply with the deadline. (The Paper)
With the end of the country’s first carbon market compliance period, the performance of key emission units has attracted much attention, and the investigation and punishment of non-compliant companies has also begun to appear.
The Paper learned from the Suzhou Municipal Bureau of Ecology and Environment on January 4 that during an inspection of a company in Zhangjiagang on the 1st, the bureau’s law enforcement officers found that the company had not paid off its 2019-2020 carbon emission quotas on time and in full, and was suspected of violating the “Carbon Emissions Trading Management Measures (for Trial Implementation)”, has been ordered to rectify and file a case for investigation. This case is the first case that the national carbon market carbon emission allowances failed to comply with the deadline.
Carbon emission quota compliance means that key emission units should pay their carbon emission quotas for 2019-2020 in full before December 31, 2021. The remaining quotas can be sold or reserved for use in the next cycle. Superemission companies must Purchase quotas on the market. According to reports, the first compliance cycle of the national carbon market is 2021, and a total of 2,162 key emission units in the power generation industry have been included, covering an annual greenhouse gas emissions of approximately 4.5 billion tons of carbon dioxide. Since the launch of online trading on July 16 last year, the national carbon market has operated for 114 trading days, with a turnover of 179 million tons of carbon emission allowances and a total turnover of 7.661 billion yuan. Based on the amount of fulfillment, the fulfillment completion rate was 99.5%.
Wu Gaopeng, Section Chief of the Atmospheric Section of the Suzhou Ecological Environment Comprehensive Enforcement Bureau, told The Paper that according to the requirements of the Ministry of Ecology and Environment, by December 15, 2021, all provinces, autonomous regions and municipalities must ensure that 95% of the key emission units within their jurisdiction have completed their compliance. Suzhou has 48 All units have been included in the key emission units of the carbon emission rights trading market, and the fulfillment tasks have been completed on schedule.
(Source: The Paper)
.