中国碳市场中长期发展的时间表和路线图出炉

Core Viewpoint - The recently published "Opinions on Promoting Green and Low-Carbon Transition and Strengthening National Carbon Market Construction" marks the first central document in China's carbon market sector, outlining a roadmap and timeline for the development of the national carbon market [1] Group 1: National Carbon Market Development - The document provides a clear roadmap for building a more effective, vibrant, and internationally influential carbon market, detailing the requirements for establishing a national voluntary greenhouse gas emission reduction trading market [1] - The establishment of both the national carbon emission trading market (mandatory carbon market) and the national voluntary greenhouse gas emission reduction trading market (voluntary carbon market) has been achieved, with both markets complementing each other to form a comprehensive national carbon market system [1] - As of August 22, 2025, the cumulative transaction volume of carbon emission allowances (CEA) in the national carbon market reached 680 million tons, with a total transaction value of 47.41 billion yuan [2] Group 2: Regulatory Framework and Market Expansion - Over 30 regulations and technical standards have been developed, forming a multi-tiered and relatively complete regulatory framework for the carbon market [2] - The coverage of the mandatory carbon market is set to expand, with the steel, cement, and aluminum smelting industries being included this year, effectively managing over 60% of national carbon emissions [2] - The carbon emission allowance management system will be made clear and transparent, transitioning from intensity control to total control over time, with a shift from free allocation to a combination of free and paid allocation [2] Group 3: Financial Instruments and Market Vitality - The introduction of carbon pledge and carbon repurchase systems aims to enhance financing channels for key emission units, activate carbon assets, and reduce financing costs [3] - Financial institutions will be engaged to explore the development of green financial products and services related to carbon emission rights and certified voluntary reduction amounts [2][3] - The Ministry of Ecology and Environment will continue to strengthen the institutional foundation for carbon market construction, ensuring a more effective, vibrant, and internationally influential national carbon market [3]