Opinions of the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council on Promoting Green and Low Carbon Transformation and Strengthening t

2025-08-26 10:07:35

By 2027, the national carbon emission trading market will basically cover major emission industries in the industrial sector, and the national greenhouse gas voluntary emission reduction trading market will achieve full coverage of key areas.

On August 25, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council published the Opinions on Promoting Green and Low Carbon Transition and Strengthening the Construction of the National Carbon Market.

It is clear that the carbon market is an important policy tool to actively respond to climate change and accelerate the comprehensive green transformation of economic and social development by using market mechanism. At present, China has established a national carbon emission trading market for key emission units to fulfill their mandatory emission reduction responsibilities and a national voluntary greenhouse gas emission reduction trading market to encourage the society to reduce emissions independently.

It is suggested that by 2027, the national carbon emission trading market will basically cover the major emission industries in the industrial sector, and the national greenhouse gas voluntary emission reduction trading market will achieve full coverage of key areas.

By 2030, a national carbon emission trading market based on total quota control and combining free and paid allocation will be basically established, and a national voluntary greenhouse gas emission reduction trading market with integrity, transparency, unified methods, wide participation and in line with international standards will be established. Form a carbon pricing mechanism with obvious emission reduction effect, sound rules system and reasonable price level.

The full text is as follows:

First, the overall requirement

is to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement the spirit of the 20th National Congress of the CPC and the Second and Third Plenary Sessions of the 20th Central Committee, comprehensively implement the economic thought of Xi Jinping and the ecological civilization thought of Xi Jinping, adhere to the general tone of steady progress, and strive to build a well-off society in an all-round way. Taking into account the needs of green low-carbon transformation and economic development, we should adhere to the basic orientation of effective market and promising government, adhere to the carbon market as a policy tool to control greenhouse gas emissions, speed up the construction of a unified national carbon market, expand the scope of implementation and participants step by step in a planned way, and create a more fair, open and transparent market. Efforts should be made to optimize the allocation efficiency and maximize the benefits of carbon emission resources, promote the deep transformation of traditional industries, foster and develop new productive forces, stimulate the endogenous power of green and low-carbon development of the whole society, and provide important support for actively and steadily promoting carbon peak and carbon neutralization and building a beautiful China.

The main goal is: by 2027, the national carbon emissions trading market will basically cover major emission industries in the industrial sector, and the national greenhouse gas voluntary emission reduction trading market will achieve full coverage of key areas. By 2030, a national carbon emission trading market based on total quota control and combining free and paid distribution will be basically established, a national voluntary greenhouse gas emission reduction trading market with integrity, transparency, unified methods, wide participation and in line with international standards will be established, and a carbon pricing mechanism with obvious emission reduction effect, sound rules system and reasonable price level will be formed.

2. Accelerating the construction of the national carbon emissions trading market

(1) Expanding the coverage of the national carbon emissions trading market. According to the development status of the industry, the contribution of carbon reduction and pollution reduction, the basis of data quality, and the characteristics of carbon emissions, the coverage of the industry and the types of greenhouse gases will be expanded in an orderly manner.

(Two) improve the management system of carbon emission quotas. Establish a clear, open and transparent carbon emission quota management system to maintain policy stability and continuity. Considering the economic and social development, industry characteristics and the cost of low-carbon transformation, the medium and long-term carbon emission quota control objectives of the market are defined. According to the national greenhouse gas emission control target and the dual control requirements of carbon emissions, we should properly handle the relationship with energy security, industrial chain supply chain security and livelihood security, scientifically set the total quota, and gradually shift from intensity control to total control. By 2027, priority will be given to the implementation of total quota control for industries with relatively stable total carbon emissions. Steadily implement a combination of free and paid allocation of carbon emission quotas, and increase the proportion of paid allocation in an orderly manner. Establish a quota reserve and market regulation mechanism to balance market supply and demand and enhance market stability and liquidity. Reasonably determine the proportion of certified voluntary emission reductions used to offset the clearance of carbon emission quotas.

(3) Strengthen the guidance, supervision and management of the pilot market for carbon emissions trading. We should coordinate the national carbon emissions trading market and the carbon market carried out by relevant local pilot projects. The existing pilot market for carbon emissions trading should be constructed and operated in accordance with relevant requirements to help the regional green and low-carbon transformation. The pilot market for carbon emissions trading is encouraged to take the lead in expanding coverage, improving market regulation mechanism, innovating regulatory means, and developing carbon finance in a healthy and orderly manner, so as to explore experience for the construction of the national carbon emissions trading market. Establish a regular assessment and exit mechanism, and no new local or regional carbon emissions trading market will be established.

3. Actively develop the national greenhouse gas voluntary emission reduction trading market

(4) Accelerate the construction of the voluntary emission reduction trading market. Establish a scientific and complete methodology system, accelerate the development of methodologies in key areas with significant sustainable development benefits, high social expectations and both social and ecological benefits, and effectively serve the society's independent emission reduction and the realization of the value of ecological products. Strengthen the whole chain management of voluntary emission reduction project development, approval, implementation and emission reduction verification. Project owners, approval and verification agencies should abide by the principle of good faith, strictly implement commitments, and take the initiative to accept social supervision. We will strengthen the overall management of national carbon emission reduction resources and standardize all kinds of voluntary emission reduction trading activities.

(5) Actively promote the application of certified voluntary emission reductions. Party and government organs, enterprises and social organizations should be encouraged to actively use certified voluntary emission reductions to offset carbon emissions in green supply chain management, large-scale activities, social responsibility and green low-carbon life. Party and government organs at all levels and state-owned enterprises should play an exemplary role. We will improve the rules for the offset of certified voluntary emission reductions, enhance international recognition, and actively serve the international compliance of enterprises in relevant industries and the carbon neutrality of products.

4. Focus on enhancing the vitality

of the carbon market (6) Enriching trading products. We will steadily and prudently promote financial institutions to explore and develop green financial products and services related to carbon emission rights and certified voluntary emission reduction, and increase support for greenhouse gas emission reduction. Establish and improve policies and systems such as carbon pledge and carbon repurchase, standardize financial activities related to carbon emission rights, and expand channels for enterprise carbon asset management. Establish and improve the carbon pricing mechanism with the national carbon market as the main body, make full use of the price discovery function of the national carbon market, and provide effective price signals for financial support for green low-carbon development.

(7) Expanding the main body of transactions. Supporting banks and other financial institutions to standardize carbon pledge financing business, steadily promoting financial institutions that meet the requirements to participate in the national carbon market transactions under the premise of compliance with the law and controllable risks, and timely introducing other non-performing entities. The national greenhouse gas voluntary emission reduction trading market has gradually introduced qualified natural persons to participate in the transaction.

(Eight) strengthen the supervision of market transactions. We will standardize the release of major policy information, improve the procedures for risk prevention, early warning and disposal of market transactions, carry out price tracking and evaluation of the national carbon market, and promote the formation of reasonable trading prices. We should strengthen the supervision of trading behavior and severely crack down on such acts as disrupting market order and manipulating the market. Establish a risk assessment, early warning and management system for key emission units to prevent performance risks. Strengthen the supervision and management of carbon financial activities, guide financial institutions to do a good job of financial services in accordance with the principles of marketization and legalization, and guard against the bottom line of systemic financial risks.

5. Comprehensively strengthen the capacity building

of the carbon market (9) Improve the management system and support system. Establish and improve a management system that is compatible with the development stage of the national carbon market, conducive to strengthening unified supervision and management, clear powers and responsibilities, and efficient operation. Strengthen the management capacity building of the national carbon market. We will promote the construction of a full-chain, digital and intelligent national carbon market management system, registration system and trading system, strengthen service functions and ensure data security.

(10) Strengthen the management of carbon emissions accounting and reporting. We will improve the reporting system for enterprises' greenhouse gas emissions. Combining with the construction of the national carbon market, we should speed up the revision of greenhouse gas accounting and reporting guidelines for enterprises in key industries, and translate them into national standards when conditions are ripe. Implement the classification management of carbon emission accounting, improve the accounting system based on emission factor method, and explore the development of carbon emission accounting based on automatic monitoring. Strengthen the allocation, use and management of key measuring instruments for carbon emissions, carry out verification or calibration according to law, formulate technical specifications for measurement, and carry out carbon emissions measurement review. Implement monthly certification of key parameters of key emission units.

(11) Strictly regulate the verification of carbon emissions. We will improve the technical specifications for verification in key industries, clarify the key points and requirements for verification, and standardize the verification process. Promote the verification institutions to strictly abide by the principles of objectivity, independence, honesty and trustworthiness, fairness and impartiality, and professional rigor, and conduct comprehensive verification and verification of carbon emissions to ensure the accuracy and credibility of the results of verification and verification. The key emission units that maintain high quality of carbon emission reports can simplify the verification according to the actual situation.

(12) Strengthen the whole process supervision of carbon emission data quality. Compact key emission units to fulfill the main responsibility of carbon emission accounting and reporting, and promote enterprises to establish and improve the internal management system of carbon emission data quality. Local ecological environment and market supervision departments, together with relevant departments, will strengthen the daily supervision and management of carbon emission data, and comprehensively use big data, blockchain, Internet of Things and other technologies to improve the level of supervision. We will intensify the investigation and punishment of violations of laws and regulations and severely crack down on fraud.

(Thirteen) strengthen the supervision of technical service institutions. The qualification management of certification bodies shall be implemented for the verification agencies of the national carbon emission trading market, and the access conditions, codes of conduct and exit mechanisms shall be clarified. We will strengthen the management of inspection and testing institutions related to carbon emissions and establish a mechanism for clearing up illegal institutions. We will actively cultivate technical services such as consulting services, inspection and testing, certification and verification, conduct regular evaluations, promote the healthy development of the third-party technical service market, and create more international professional service institutions. Promote technical service institutions to strengthen industry self-discipline management.

(Fourteen) improve the information disclosure system. Key emission units, registration agencies, trading agencies, technical service agencies and financial institutions shall timely disclose relevant information on emission, performance, trading and pledge in accordance with relevant requirements and accept social supervision. Establish a mechanism for sharing data related to the carbon market. Credit supervision and management of key emission units, technical service institutions and financial institutions should be strengthened according to law.

6. Strengthen organizational implementation guarantee

(15) Strengthen organizational leadership. Under the centralized and unified leadership of the Party Central Committee, all relevant departments in various regions should implement the opinions in accordance with the actual situation. Local Party committees and governments at all levels should strengthen organizational leadership, actively promote green and low-carbon transformation, strengthen policy support for the construction and operation of the carbon market, strengthen supervision and management of key emission units, and do a solid job in quota issuance, quota clearance and data quality management of key emission units in the region. The Ministry of Ecology and Environment should strengthen the overall coordination, organization, implementation and follow-up evaluation of carbon market construction, and systematically promote the implementation of tasks. Relevant departments should strengthen coordination, cooperation, supervision and guidance according to the division of responsibilities, so as to form a joint effort. Major matters shall be reported to the Party Central Committee and the State Council in a timely manner in accordance with the procedures.

(16) Strengthen the support of policies and regulations. To study and improve relevant laws and regulations to provide legal support for the construction of carbon market. To carry out research on legislation related to the management of voluntary greenhouse gas emission reduction trading. We will improve the long-term mechanism for linking administrative law enforcement with criminal justice, carry out procuratorial public interest litigation in relevant fields according to law, and intensify joint efforts to crack down on illegal and criminal acts in the carbon market. We will improve the system of adjudication rules and support administrative organs in fulfilling their duties of administrative supervision of the carbon market in accordance with the law. We will strengthen policy coordination and institutional convergence between the national carbon market and market-oriented mechanisms such as green electricity and green certificates. To formulate rules for registration and transaction fees in the national carbon market. We will improve the fund liquidation mechanism of the national carbon market and improve the efficiency of fund liquidation. Reduce institutional transaction costs in the carbon market.

(17) Deepening international exchanges and cooperation. Actively participate in the formulation of carbon market mechanism rules related to the Paris Agreement on Climate Change, and promote the global green and low-carbon just transformation. Strengthen international consultation, dialogue and exchanges. We will strengthen exchanges and cooperation in the carbon market and promote international mutual recognition of technologies, methods, standards and data. Publicize China's carbon market construction practices and experiences through multiple channels.

At present, the cement industry is facing the double test of energy saving, environmental protection and industrial intelligence upgrading. In order to implement the relevant policy requirements and accelerate the green low-carbon transformation and high-quality development of the cement industry, China Cement Network is scheduled for September 23-24. Held "

conference.

All can be viewed after purchase
Correlation

By 2027, the national carbon emission trading market will basically cover major emission industries in the industrial sector, and the national greenhouse gas voluntary emission reduction trading market will achieve full coverage of key areas.

2025-08-26 10:07:35

On September 5, Chairman Shao Jun of China Cement Network and his delegation visited Ningde Conch Cement Co., Ltd. and were warmly received by General Manager Hong Xianli and others. The two sides exchanged views on the situation of Fujian cement market.