Original title: The first compliance period in the national carbon market is coming and key emission companies are accelerating compliance. Source: CCTV Finance
In the process of achieving carbon peak and carbon neutrality, scientific assessment is critical. In order to speed up the formation of an incentive and restraint mechanism for pollution reduction and carbon reduction, in July this year, the national carbon emissions trading market opened. With the approach of the first compliance period, the national carbon market continues to increase in volume, and related markets are being activated.
At the carbon asset trading center of Datang Group, a large domestic power generation company, staff are conducting a national carbon market compliance transaction for power plants. Power plants with insufficient carbon dioxide emission quotas must purchase allowances from power plants with surplus quotas to achieve compliance.
With the issuance of official quotas for the first compliance period, the trading volume of the national carbon market has further increased; on December 10, the trading volume of the listing agreement once again exceeded one million tons, an increase of nearly 3%.
The reporter learned that, among the five major power generation groups, China Datang and China Huadian have completed all key emission unit gap allowance transactions, with average transaction prices of 42.14 yuan and 43.21 yuan per ton, respectively.
Song Yang, Transaction Director of Datang Carbon Assets: We also hope that the transaction volume and transaction price of China’s carbon market next year can truly reflect the company’s emission reduction costs, which can promote companies to better promote carbon capture and carbon storage.
Reporter ordinary: Jiangsu Taizhou Power Plant is about to start construction of the largest carbon dioxide capture project in the domestic thermal power field. Its scale has reached 500,000 tons, which is equivalent to one-eighth of the emissions of a single unit. After carbon dioxide capture, it will be widely used Fields such as oil flooding and chemical industry.
The carbon capture project of the Jiangsu Taizhou Power Plant will be put into operation in 2023, and will be used in the industrial application of carbon dioxide flooding and storage in the Subei Oilfield.
Gong Haiding, head of the carbon capture project of Jiangsu Taizhou Power Plant: Our production cost is 250 yuan per ton, and the price of carbon dioxide in the surrounding areas can reach about 300 yuan per ton. The whole project is very profitable.
As an important demander of carbon dioxide, Sinopec will build carbon capture, utilization and storage projects in Shengli Oilfield and Jiangsu Oilfield, becoming the largest demonstration base for the entire industry chain in China, and injecting captured carbon dioxide into oilfields to increase production.
Sinopec News Spokesperson Lv Dapeng: From the perspective of oil displacement, my country has approximately 10 billion tons of petroleum geological reserves suitable for carbon dioxide flooding, and it is expected to increase production by 7–14 billion tons. Around 2035, the annual amount of carbon dioxide injected and stored will reach 10 million tons.
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