The national carbon market clearance and performance work has been fully launched
Source: China News Agency 
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August 30, 2023, 9:46 AM
Liu Youbin, spokesperson of the Ministry of Ecology and Environment of China, said in Beijing on August 28 that recently, the national carbon emissions trading market has launched quota issuance and performance in 2021 and 2022. At present, the issuance of quotas has been basically completed, and the payment and performance work has been fully underway.
Liu Youbin said that recently, the national carbon emissions trading market has launched quota issuance and performance work in 2021 and 2022, including more than 2200 power generation companies. The respective performance and quota payment times in the two years are up to the end of 2023. Each key emission unit can use the National Certified Voluntary Emission Reduction (CCER) to offset 5% of the annual quota payment.
Liu Youbin said that what needs to be specially noted is that in order to do a good job in corporate relief, the Ministry of Ecology and Environment has specially studied and formulated a flexible performance policy. Enterprises with large quota gaps can advance part of their quotas in 2023 for current settlement, but this policy is limited to 2021 and 2022 and will not be implemented in the future. At present, the issuance of quotas has been basically completed, and the payment and performance work has been fully underway.
Liu Youbin said that in order to further improve the carbon emission rights market trading system and improve market functions, on the basis of consolidating the quality of carbon emission data, the Ministry of Ecology and Environment promoted the promulgation of the "Interim Regulations on the Management of Carbon Emissions Trading" and organized the preparation of quotas for the next performance cycle. Allocation plan, study a roadmap to expand industry coverage, strive to launch the national voluntary greenhouse gas emission reduction trading market as soon as possible within this year, and effectively leverage the market mechanism to control greenhouse gas emissions. The important role of promoting green and low-carbon technological innovation.
Source: China News Agency
Liu Youbin said that recently, the national carbon emissions trading market has launched quota issuance and performance work in 2021 and 2022, including more than 2200 power generation companies. The respective performance and quota payment times in the two years are up to the end of 2023. Each key emission unit can use the National Certified Voluntary Emission Reduction (CCER) to offset 5% of the annual quota payment.
Liu Youbin said that what needs to be specially noted is that in order to do a good job in corporate relief, the Ministry of Ecology and Environment has specially studied and formulated a flexible performance policy. Enterprises with large quota gaps can advance part of their quotas in 2023 for current settlement, but this policy is limited to 2021 and 2022 and will not be implemented in the future. At present, the issuance of quotas has been basically completed, and the payment and performance work has been fully underway.
Liu Youbin said that in order to further improve the carbon emission rights market trading system and improve market functions, on the basis of consolidating the quality of carbon emission data, the Ministry of Ecology and Environment promoted the promulgation of the "Interim Regulations on the Management of Carbon Emissions Trading" and organized the preparation of quotas for the next performance cycle. Allocation plan, study a roadmap to expand industry coverage, strive to launch the national voluntary greenhouse gas emission reduction trading market as soon as possible within this year, and effectively leverage the market mechanism to control greenhouse gas emissions. The important role of promoting green and low-carbon technological innovation.
Source: China News Agency