加快构建碳排放双控制度体系

Policy Developments - The State Council issued the "Work Plan for Accelerating the Construction of a Dual Control System for Carbon Emissions," marking a significant step towards China's "dual carbon" goals[1] - Key targets include enhancing carbon emission statistics and monitoring capabilities by 2025, implementing a dual control system during the 14th Five-Year Plan, and establishing a comprehensive evaluation system for carbon neutrality post-peak[11] ESG Market Overview - The total net asset value of ESG funds in China reached CNY 469.2 billion in Q3 2024, showing a slight decrease of 0.5% from Q2 2024[24] - New ESG fund issuance totaled 21 funds in Q3 2024, with a total issuance scale of CNY 27.8 billion, reflecting historical median levels[24] Carbon Market Dynamics - In Q3 2024, the national carbon market's trading volume reached 17.188 million tons, a 27.7% increase from Q2 2024, with an average closing price of CNY 91.5 per ton, down 3.9% from the previous quarter[16] - Guangdong led in trading activity with a total carbon quota transaction volume of 1.93 million tons, while Beijing had the highest average transaction price at CNY 107.0 per ton[16] International ESG Trends - The U.S. carbon price continued to rise, while Canadian prices fell, and European prices slightly decreased, with the EU carbon market's futures trading volume at 2.23 billion tons, down 8.4% from Q2 2024[19] - The introduction of the EU's Corporate Sustainability Reporting Directive (CSRD) aims to enhance corporate transparency and sustainability practices across various sectors[15]