扩容和配额

Group 1 - The core viewpoint of the news is that China's carbon market is experiencing significant growth, with the annual transaction value of carbon emission allowances reaching 18.114 billion yuan in 2024, marking a new high since the market's launch in 2021 [1] - The carbon market serves as a crucial tool for incentivizing low-carbon economic growth by increasing the costs of carbon-intensive goods and services, thereby encouraging a shift towards low-carbon alternatives [1] - The World Bank's report indicates that nearly two-thirds of the global economy has implemented carbon taxes or emissions trading systems, highlighting the global trend towards carbon pricing [1] Group 2 - China's carbon market is still in its early stages, having launched the national carbon emissions trading market in 2021 and the voluntary greenhouse gas reduction trading market in 2024 [1] - The carbon market is expected to accelerate its development during the 14th Five-Year Plan period, with key factors such as management changes and effective price signaling influencing long-term investment decisions by companies [1] - The expansion and allocation of carbon allowances are critical components in the growth of the carbon market [1] Group 3 - The national carbon market has recently expanded to include the steel, cement, and aluminum industries, which together account for over 60% of the country's total carbon dioxide emissions [3] - The Civil Aviation Administration of China is also working on a plan to include the aviation industry in the national carbon market, indicating a broader scope for carbon trading [3] - The central government's guidelines aim for the carbon market to cover major industrial sectors by 2027, accelerating the decarbonization process for industries such as chemicals, petrochemicals, and paper [3] Group 4 - The guidelines propose a shift from intensity-based control of carbon allowances to total quantity control, prioritizing stable industries for total quantity control by 2027 [3] - This approach will involve determining the total emissions for an industry first, followed by the allocation of allowances to individual companies, with an annual reduction in total emissions to enhance the scarcity of carbon allowances [3] - The anticipated decrease in total emissions is expected to signal rising carbon prices in the market, influencing corporate expectations and behaviors [3]