生态环境部：全国60％以上碳排放量实现有效管控，碳市场配额累计成交6.8亿吨

Core Viewpoint - The recent issuance of the "Opinions on Promoting Green and Low-Carbon Transition and Strengthening the Construction of the National Carbon Market" marks the first central document in China's carbon market sector, outlining a medium to long-term development roadmap and tasks for the national carbon market [2] Group 1: National Carbon Market Development - The national carbon market has formed a multi-level and relatively complete regulatory system over four years, with an expanding coverage of key industries, now including steel, cement, and aluminum smelting, which together account for over 60% of national carbon emissions [1] - As of August 22, 2025, the cumulative transaction volume of carbon emission allowances in the national carbon market reached 680 million tons, with a transaction value of 47.41 billion yuan, while the voluntary greenhouse gas reduction market recorded a cumulative transaction of 2.49 million tons and a value of 210 million yuan [1] Group 2: Future Directions and Strategies - The plan emphasizes expanding the coverage of the mandatory carbon market based on industry development status, pollution reduction contributions, data quality, and carbon emission characteristics, transitioning from intensity control to total control of carbon emissions [2] - The allocation of carbon allowances will shift from entirely free to a combination of free and paid allocations, gradually increasing the proportion of paid allocations [2] - The development of voluntary carbon markets will be promoted, establishing a comprehensive methodological system for key areas such as ecosystem carbon sinks and methane reduction [2] Group 3: Financial Integration and Regulation - Collaboration with financial institutions will be explored to develop green financial products related to carbon emissions and certified voluntary reduction volumes, including policies for carbon pledges and buybacks [2] - Strict regulations on carbon emission verification will be enforced, enhancing the accountability of key emission units for carbon accounting and reporting, while improving the quality of carbon emission data through comprehensive supervision [3] - Continuous improvement of relevant laws and regulations will be pursued to strengthen the institutional foundation for carbon market construction, aiming for a more effective, vibrant, and internationally influential national carbon market [3]