Carbon trading, carbon emission allowances, carbon sinks, carbon offsets … How much do you know about the term "carbon"?

2023-08-15 09:07:20

What is carbon market trading? How much do you know about the term "with carbon"?

The national carbon market has been trading online for two years. Over the past two years, the market has been running smoothly and orderly, transaction prices have risen steadily, and the role of promoting greenhouse gas emission reduction and accelerating green and low-carbon transformation of enterprises has initially emerged.

It is reported that the cement industry, as a major carbon emitter, is expected to take the lead in the national carbon market with electrolytic aluminium in the future. At present, the relevant departments have consulted the public on the formulation of the Guidelines and Guidelines for Carbon Emission Data Accounting in Cement and Electrolytic Aluminum Industries (Updated Edition).

What is carbon market trading? How much do you know about the term "with carbon"? Today, Xiaobian will take you to learn. A simple example of the process of

carbon trading can be described as follows:

1) At the beginning of the year, there are two companies A and B. Company A is required to emit 100 tons of carbon dioxide per year, and Company B is also required to emit 100 tons of carbon dioxide per year; The carbon quota issued by the government to A is 100 tons/year, and the carbon quota issued to B is also 100 tons/year;

2) At the end of the year, Company A only emits 80 tons of carbon dioxide through energy-saving transformation, and the surplus 20 tons of carbon dioxide quota can be sold in the carbon trading market for profit. Company B,

on the other hand, may work overtime in order to expand production capacity and have no time and funds to carry out energy-saving transformation, resulting in 120 tons of carbon dioxide emissions, 20 tons more than 100 tons of carbon quota given by the government.

At this time, Company B can only go to the carbon trading market to buy 20 tons of carbon quotas.

In this way, the remaining carbon quota of company A meets the carbon emission demand of company B, and carbon trading is finally realized.

The final effect is that the total carbon dioxide emissions of A and B are locked at 200 tons, which does not exceed the initial quota limit of 200 tons and achieves the carbon emission reduction target.

What is a carbon emission quota?

It is the carbon emission quota allocated by the government to the emission control enterprises for a specified period of time, and it is the certificate and carrier of carbon emission rights. One unit quota is equivalent to one ton of carbon dioxide equivalent. Carbon quotas have commodity attributes and can be traded. After determining the total carbon emission target and the initial allocation of emission quotas, enterprises (or countries) can carry out trading with carbon emission quotas as the target, thus reflecting the exchangeability and exchange value of carbon emission quotas.

What is a carbon sink?

Carbon sink: generally refers to the process, activity, or mechanism by which carbon dioxide is removed from the air. It mainly refers to the amount of carbon dioxide absorbed and stored by forests, or the ability of forests to absorb and store carbon dioxide.

Research data show that China's carbon sink capacity has been gradually improved, through vigorous cultivation and protection of plantations, China's terrestrial ecosystem absorbed about 1.11 billion tons of carbon annually from 2010 to 2016, absorbing 45% of anthropogenic carbon emissions in the same period, whi ch shows that forestry carbon sinks play an important role in the vision of carbon neutrality, and the development of forestry carbon sinks in the future. The carbon sequestration project will help China achieve the goal of carbon neutrality.

What is Carbon Capture, Utilization and Storage (CCUS)?

Carbon capture, utilization and storage (CCUS) is a technology that captures and purifies carbon dioxide emitted in the production process, and then puts it into the new production process for recycling or storage. Among them, carbon capture refers to the collection of carbon dioxide produced by large power plants, steel plants, cement plants and other emission sources, and storage in various ways to avoid its emission into the atmosphere.

This technology has the synergistic effect of large-scale greenhouse gas emission reduction and low-carbon utilization of fossil energy, and is one of the important technological choices for global response to climate change in the future.

What is a carbon emission right (CER)? The origin of

carbon emission rights, namely Certification Emission Reduction (CER). In 2005, with the entry into force of the Kyoto Protocol, carbon emission rights became an international commodity. The object of carbon emissions trading is called "certified emission reduction (CER)". Where does the

emission right come from? The quota primary market and the secondary market coexist.

1) The primary market is generally the market where the quota is initially issued by the provincial development and reform commission, which is divided into free distribution and paid distribution. Among them, there is a bidding mechanism attached to the paid distribution, which follows the principle of paid quota, the same right and the same price, and is carried out in a closed bidding way. 2) The secondary market is the market where emission control enterprises or investment institutions conduct transactions.

What are carbon offsets?

It is used to reduce greenhouse gas emission sources or increase greenhouse gas absorption sinks, and to compensate or offset greenhouse gas emissions generated by other emission sources, that is, carbon emissions of emission control enterprises can be offset by non-emission control enterprises using clean energy to reduce greenhouse gas emissions or increase carbon sinks. Offset credits are issued after emission reductions are obtained through the implementation of specific emission reduction projects, including renewable energy projects, forest carbon sequestration projects, etc.

Under the environment that the state continuously strengthens the management of ecological environment and promotes consumption reduction and carbon reduction, the process of carbon reduction in cement industry is expected to be further accelerated, and these terms with "carbon" will appear more frequently in cement industry. How can

cement industry move towards low-carbon, more energy-saving and greener high-quality development? On September 12-13, 2023, China Cement Network will hold the "2023 Cement'Double Carbon 'Conference and the 10th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference" in Zhengzhou, Henan Province. At the same time, the medal ceremony of "2023 Advanced Enterprises of Double Carbon" in Cement Industry and the "Double Carbon" Equipment Exhibition will be held . After the meeting, we will also organize a visit to the UNK3 of Jiyuan Zhonglian Cement Co., Ltd. "The world's first production line of steel slag capturing cement kiln flue gas CO2 to prepare carbon sequestration auxiliary cementitious materials and low-carbon cement". 5。   0HTML0UNK36

All can be viewed after purchase
Correlation

What is carbon market trading? How much do you know about the term "with carbon"?

2023-08-15 09:07:20

Algeria's Minister of Housing, Cities and Territories announced at the 44th annual meeting of Shelter Afrique that the country had moved from dependence on imports to self-sufficiency and export of building materials. Thanks to the strategic vision and the will of the state, the output of building materials such as cement and steel bars is considerable, and the industrial capacity has greatly increased. As a result, the country is able to meet domestic demand and export, and the construction and public works sector, which accounts for about 12.9% of GDP, has become a strategic pillar of development and regional integration.