全国碳市场中长期发展时间表、路线图明晰

Core Viewpoint - The article discusses the release of the "Opinions on Promoting Green and Low-Carbon Transition and Strengthening the Construction of the National Carbon Market," which aims to establish a more effective and internationally influential national carbon market in China [1][2]. Summary by Sections National Carbon Market Structure - The national carbon market consists of two interconnected markets: the mandatory carbon emission trading market for key emission units and the voluntary greenhouse gas reduction trading market [2]. - By 2027, the mandatory carbon trading market is expected to cover major industrial sectors, while the voluntary market aims for full coverage in key areas [2]. Strategic Importance and Current Status - The "Opinions" document is seen as a significant policy initiative under China's dual carbon goals, providing strategic guidance for the future [3]. - As of July 2025, the cumulative trading volume in the national carbon market reached approximately 681 million tons, with a transaction value of about 46.784 billion yuan [3]. Future Development Focus - Key areas for future development include expanding industry coverage, optimizing quota distribution and management, enhancing market liquidity, and integrating regional pilot markets into a unified national market [4]. Enhancing Market Vitality - The "Opinions" emphasize enhancing market vitality through the introduction of diverse trading products, expanding trading participants, and strengthening market regulation [5]. - The current market primarily consists of spot quota trading, lacking financial instruments, which the new policies aim to address by attracting more capital and improving liquidity [5]. Participant Diversity - Currently, market participants are mainly compliance enterprises, which limits market activity. Introducing diverse participants is expected to improve trading structure and market effectiveness [6].