Xin Lang Cai Jing·2026-01-30 00:04Group 1 - The carbon market is transitioning from "soft constraints" to "hard constraints," with major industrial sectors expected to be covered by 2027, leading to an increase in the allocation of paid quotas and a gradual tightening of total quotas, which supports a long-term rise in carbon prices, projected to reach 150-200 RMB/ton by 2030 [1] - Policy initiatives are clearly linking the environmental value of green certificates to carbon reduction value, with the potential establishment of a mechanism for exchanging green certificates for carbon quotas, enhancing the economic viability of green electricity [1] - The transmission path of carbon and green certificate costs to electricity prices will become clearer, with a decreasing proportion of costs absorbed by companies, promoting electricity prices to fully reflect environmental costs and supporting the development of both the carbon and green certificate markets [1]