Environment minister urges trading in national carbon market to start

Time:2021-03-04 15:50:31      Source:Globaltimes.com
The Chinese minister of Ecology and Environment has urged the trading in national carbon market to start before the end of June, while requesting to consider the implementation of carbon emissions peak and carbon neutrality as key political tasks.
 
"The construction of the national carbon market has reached the most critical stage. It is necessary to carry out the tests, execute the system's operation as soon as possible and ensure the launch of trading before the end of June this year," Huang Runqiu, Minister of Ecology and Environment, said during his inspection over the weekend in Central China's Hubei Province and East China's Shanghai, according to China's Ministry of Ecology and Environment (MEE).
 
Huang emphasized that the implementation of China's new carbon emissions peak goal and carbon neutrality vision should be treated as an important political task. "The goal and task of confronting climate change should be recognized and grasped from a strategic overall view."
 
According to the ministry, the national market of carbon emission is the core strategic tool to implement the carbon emissions peak goal and carbon neutrality vision.
 
Huang also made an emphasis on the scientific design, strict evaluation, supervision and cross-provincial communication in building the carbon market.
 
The MEE released in January the details of the "administrative measures for carbon emission trading," which aim to regulate the carbon trade and associated activities within China and came into effect on February 1.
 
The first compliance cycle of the national carbon market for the power generation industry officially started on January 1.
 
The bold pledge by Chinese leaders to have CO2 emissions peak before 2030 and achieve carbon neutrality by 2060 boosts efforts to cut carbon emissions, beefing up calls to go deeper into the carbon trading market.
 
 
 
Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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