Core Viewpoint - The article discusses the recent release of the "Opinions on Promoting Green and Low-Carbon Transition and Strengthening the Construction of the National Carbon Market," which outlines 17 specific measures to enhance the effectiveness, vitality, and international influence of China's national carbon market [1][2]. Group 1: National Carbon Market Development - The national carbon market aims to cover major industrial sectors by 2027, with a focus on implementing total quota control for industries with relatively stable carbon emissions [2]. - By 2030, the goal is to establish a carbon trading market based on total quota control, combining free and paid allocation, and to create a transparent, unified, and widely participatory voluntary greenhouse gas reduction trading market [1][2]. Group 2: Voluntary Emission Reduction Market - The development of the national voluntary greenhouse gas reduction trading market will be accelerated, with an emphasis on applying verified voluntary emission reductions [2]. - A comprehensive methodology system will be established to support sustainable development and ecological product value realization in key areas with significant social and ecological benefits [2]. Group 3: Enhancing Market Vitality - The measures include enriching trading products, expanding trading entities, and strengthening market transaction supervision [2]. - A complete carbon pricing mechanism will be established to utilize the price discovery function of the national carbon market, providing effective price signals for financial support of green and low-carbon development [2]. Group 4: Capacity Building and Implementation - The management system and support framework for the carbon market will be improved, with a focus on carbon emission accounting, reporting management, and data quality supervision [2]. - The implementation of the opinions will be supported by strengthening organizational leadership, policy and legal frameworks, and enhancing international cooperation in carbon market mechanisms [2][3].

Core Viewpoint - The news highlights the achievements in energy high-quality development during the "14th Five-Year Plan" period, focusing on the optimization of energy supply structure, terminal energy use structure, and the upgrading of traditional energy sources [1][2][3]. Group 1: Energy Supply Structure Optimization - The National Energy Administration has increased the supply of non-fossil energy electricity, making it the main source of new electricity supply. In the past four years, 84% of the newly installed power generation capacity was from non-fossil energy sources [1]. - As of July this year, the installed capacity of non-fossil energy power generation reached 2.23 billion kilowatts, accounting for 60.8% of the total installed capacity [1]. - Nearly 60% of the new power generation in the past four years came from non-fossil energy, with a target of achieving 1.5 times the non-fossil energy power generation volume by 2024 compared to 2020 [1]. Group 2: Terminal Energy Use Structure Optimization - The National Energy Administration is promoting the clean and low-carbon use of energy in key sectors such as industry, construction, and transportation, with the proportion of electricity in terminal energy use reaching around 30%, significantly higher than the global average [2]. - The rapid development of new energy vehicles and the increasing penetration rate have accelerated the peak consumption of refined oil [2]. - The public consensus on purchasing green electricity, using new energy vehicles, and adopting clean heating methods is growing, indicating a shift towards greener energy consumption [2]. Group 3: Traditional Energy Transformation and Upgrading - The National Energy Administration is advancing the clean and efficient utilization of coal, with 95% of coal-fired power units achieving ultra-low emissions [2]. - The proportion of intelligent coal mining capacity has exceeded 55% as of the first half of this year, promoting green coal mining practices [2]. - The administration is also integrating oil and gas exploration with new energy and advancing low-carbon technologies, aiming for a carbon dioxide injection volume of 3 million tons by 2024, which supports the implementation of carbon capture, utilization, and storage technologies [2]. Group 4: Future Goals - The National Energy Administration aims to accelerate the construction of a new energy system, implementing greater efforts and practical measures to promote energy transition, with a target of achieving a non-fossil energy consumption ratio of around 25% by 2030 [3].

Core Viewpoint - The document outlines the Chinese government's plan to advance green and low-carbon transformation through the establishment and enhancement of a national carbon market, aiming for comprehensive coverage of major industrial sectors by 2027 and a well-structured carbon pricing mechanism by 2030 [1][4]. Group 1: Overall Requirements - The plan emphasizes the importance of balancing green low-carbon transformation with economic development, aiming to optimize resource allocation and maximize efficiency in carbon emissions [4]. - Key targets include achieving basic coverage of major emission industries in the national carbon trading market by 2027 and establishing a comprehensive voluntary emission reduction trading market by 2030 [4]. Group 2: National Carbon Emission Trading Market - The document calls for an expansion of the national carbon emission trading market's coverage based on industry development, pollution reduction contributions, and data quality [5]. - A transparent carbon emission quota management system will be established, transitioning from intensity control to total volume control by 2027 [5]. - The plan includes a gradual increase in the proportion of paid quota distribution while maintaining market stability and liquidity [5]. Group 3: Voluntary Emission Reduction Trading Market - The establishment of a comprehensive methodology system for voluntary emission reduction projects is prioritized, focusing on areas with significant sustainable development benefits [8]. - The document encourages the use of certified voluntary emission reductions in various sectors, including government and enterprises, to offset carbon emissions [8]. Group 4: Enhancing Market Vitality - The plan advocates for the development of green financial products related to carbon emissions, enhancing support for greenhouse gas reduction [9]. - It supports the inclusion of financial institutions in carbon market trading and encourages the participation of qualified individuals in the voluntary emission reduction market [9]. Group 5: Capacity Building - A robust management system will be established to support the national carbon market's development, including digital and intelligent management systems [10]. - The document emphasizes the need for accurate carbon emission accounting and reporting, with a focus on improving data quality and regulatory oversight [11]. Group 6: Organizational Implementation - Local governments are tasked with implementing the plan, ensuring effective supervision of key emission units and supporting the carbon market's operation [13]. - The document highlights the importance of legal frameworks to support carbon market construction and the need for international cooperation in carbon market mechanisms [16][14].

Core Viewpoint - The document outlines the Chinese government's initiative to enhance the national carbon market, aiming for a more effective, vibrant, and internationally influential system to support green and low-carbon transformation [1][2]. Summary by Sections Overall Requirements - The initiative is guided by Xi Jinping's thoughts and aims to balance green low-carbon transformation with economic development needs, emphasizing the role of the carbon market in controlling greenhouse gas emissions [1]. Main Goals - By 2027, the national carbon emission trading market is expected to cover major industrial sectors, while the voluntary greenhouse gas reduction trading market will achieve full coverage in key areas. By 2030, a comprehensive carbon emission trading market will be established, featuring a transparent and unified method that aligns with international standards [2]. Key Measures - The document outlines 17 measures across five areas, including: - Accelerating the construction of the national carbon emission trading market, expanding its coverage, and improving quota management [2]. - Actively developing the voluntary greenhouse gas reduction trading market and promoting the application of verified voluntary reduction amounts [2]. - Enhancing market vitality by diversifying trading products and expanding participant engagement [2]. - Strengthening market capacity through improved management systems and rigorous data quality oversight [2]. - Ensuring organizational support through enhanced leadership and international cooperation [2].

Overall Requirements - The carbon market is a crucial policy tool for addressing climate change and promoting a comprehensive green transition in economic and social development [1] - The construction of a unified national carbon market is prioritized, with a focus on optimizing resource allocation efficiency and maximizing benefits [1] Main Goals - By 2027, the national carbon emission trading market will cover major industrial sectors, and the voluntary greenhouse gas reduction trading market will achieve full coverage in key areas [2] - By 2030, a comprehensive carbon emission trading market will be established, featuring a combination of free and paid allocation methods, with a transparent and internationally aligned voluntary reduction trading market [2] Accelerating Carbon Emission Trading Market Construction - The coverage of the national carbon emission trading market will be expanded based on industry development, pollution reduction contributions, data quality, and carbon emission characteristics [2][3] - A transparent carbon emission quota management system will be established, with a gradual shift from intensity control to total control of carbon emissions [3] Developing Voluntary Greenhouse Gas Reduction Trading Market - A comprehensive methodology system will be established to support voluntary reduction projects, ensuring effective management throughout the project lifecycle [4] - The application of certified voluntary reduction amounts will be promoted across various sectors, with an emphasis on enhancing international recognition [5] Enhancing Market Vitality - Financial institutions will be encouraged to develop green financial products related to carbon emissions, expanding channels for corporate carbon asset management [6] - The introduction of new trading entities, including individuals, will be supported to enhance market participation [6] Strengthening Carbon Market Capacity Building - A management system that aligns with the development stages of the national carbon market will be established, focusing on efficient operation and clear responsibilities [7] - The carbon emission accounting and reporting management will be improved, with a focus on establishing a robust reporting system for enterprises [7] Organizational Implementation Assurance - Local governments and relevant departments are tasked with implementing the guidelines effectively, ensuring policy support for carbon market operations [10] - Legal frameworks will be developed to support carbon market construction, including regulations for voluntary reduction trading [10][11]

坚持以习近平新时代中国特色社会主义思想为指导，深入贯彻党的二十大和二十届二中、三中全会精 神，全面贯彻习近平经济思想、习近平生态文明思想，坚持稳中求进工作总基调，兼顾绿色低碳转型和 经济发展需要，坚持有效市场、有为政府，坚持碳市场作为控制温室气体排放政策工具的基本定位，加 快建设全国统一的碳市场，有计划分步骤扩大实施范围、扩展参与主体，营造更加公平公开透明的市场 环境，努力实现碳排放资源配置效率最优化和效益最大化，推动传统产业深度转型，培育发展新质生产 力，激发全社会绿色低碳发展内生动力，为积极稳妥推进碳达峰碳中和、建设美丽中国提供重要支撑。 8月25日，中共中央办公厅、国务院办公厅《关于推进绿色低碳转型加强全国碳市场建设的意见》对外 公布。 这份意见明确，碳市场是利用市场机制积极应对气候变化、加快经济社会发展全面绿色转型的重要政策 工具。目前，我国已建立重点排放单位履行强制减排责任的全国碳排放权交易市场和激励社会自主减排 的全国温室气体自愿减排交易市场。 这份意见提出，到2027年，全国碳排放权交易市场基本覆盖工业领域主要排放行业，全国温室气体自愿 减排交易市场实现重点领域全覆盖。到2030年，基本建成以配 ...

Core Viewpoint - The establishment of a national carbon market in China is a crucial policy tool for addressing climate change and promoting a green transformation of the economy and society, as highlighted in the recent document released by the Central Committee of the Communist Party of China and the State Council [1] Group 1: National Carbon Market Development - The national carbon market has achieved a stable start and operation, with a well-structured system and improved market vitality, facilitating low-cost emissions reductions across society [2] - As of July 2025, the cumulative trading volume of carbon emission allowances in the national market reached 681 million tons, with a transaction value of 46.784 billion yuan, indicating the gradual emergence of price signaling [2] - The number of key emission units included in the national carbon market for 2024 is 2,096, with a compliance rate for allowances nearing 100% [2] Group 2: Voluntary Emission Reduction Market - The national voluntary greenhouse gas reduction trading market has seen the registration of the first batch of 9.48 million tons of verified voluntary emission reductions since 2023, with a cumulative transaction volume of 246,030 tons and a transaction value of 20.8 million yuan by July 2025 [2] Group 3: Long-term Development Goals - The document outlines a roadmap for the medium- and long-term development of the national carbon market, with key targets set for 2027 and 2030, emphasizing the need for a transparent quota management system and a shift from intensity control to total control of carbon emissions [4] - The focus will be on expanding the coverage of industries and greenhouse gases, while also developing the voluntary reduction market and enhancing the methodology for carbon reduction projects [4] Group 4: Market Dynamics and Governance - The construction of the national carbon market requires a balance between market efficiency and government regulation, ensuring that market vitality is stimulated while maintaining order and preventing systemic risks [6][7] - Local pilot carbon markets will continue to play a role in policy experimentation, contributing to the overall development of the national carbon market by testing new regulatory methods and market mechanisms [7] Group 5: International Cooperation - The national carbon market is positioned as a framework for international cooperation in green and low-carbon development, with an emphasis on aligning with international standards and enhancing global influence [7]

Core Insights - The carbon market is a crucial policy tool for addressing climate change and promoting a green transition in the economy and society [1] - The recent document from the Central Committee and State Council emphasizes China's commitment to achieving carbon peak and carbon neutrality [1] Group 1: Carbon Market Development - China has established a national carbon emissions trading market and a voluntary greenhouse gas reduction trading market, which together form a comprehensive carbon market system [2] - As of July 2025, the national carbon emissions trading market has seen a cumulative transaction volume of 681 million tons and a transaction value of 46.784 billion yuan, indicating a growing market influence [2] - The voluntary greenhouse gas reduction trading market has registered 9.48 million tons of certified voluntary reduction, with a transaction value of 208 million yuan as of July 2025 [2] Group 2: Market Functionality and Goals - The document outlines a roadmap for the medium- and long-term development of the national carbon market, with specific targets set for 2027 and 2030 [4] - The focus will be on expanding the coverage of industries and greenhouse gases, establishing a transparent quota management system, and transitioning from intensity control to total control of carbon emissions [4][5] - The aim is to create a low-carbon development awareness across society, emphasizing that carbon emissions have costs while carbon reductions yield benefits [3] Group 3: Systematic Approach and Governance - The construction of the national carbon market is a complex system that requires a balance between market and government roles, long-term and short-term goals, and domestic and international considerations [6][7] - The government is tasked with creating a regulatory framework and risk prevention system, while the market focuses on resource allocation efficiency [7] - Local pilot carbon markets will continue to play a role in testing policies and mechanisms that can be scaled to the national level [7] Group 4: International Cooperation and Standards - The carbon market should also serve as a platform for international cooperation in green and low-carbon development, adhering to international standards and facilitating cross-border collaboration [8]

Overall Requirements - The carbon market is a crucial policy tool for addressing climate change and promoting a green transition in economic and social development [1] - The establishment of a national carbon emissions trading market and a voluntary greenhouse gas reduction trading market aims to enhance the effectiveness and international influence of the carbon market [1][2] Goals and Objectives - By 2027, the national carbon emissions trading market will cover major industrial sectors, while the voluntary reduction trading market will achieve full coverage in key areas [2] - By 2030, a comprehensive carbon emissions trading market will be established, featuring a transparent and unified pricing mechanism that aligns with international standards [2] Development of Carbon Emissions Trading Market - The coverage of the national carbon emissions trading market will be expanded based on industry development, emission reduction contributions, and data quality [3] - A transparent carbon emissions quota management system will be established, transitioning from intensity control to total control of emissions quotas by 2027 [3] Voluntary Reduction Trading Market - The development of a voluntary reduction trading market will focus on creating a comprehensive methodology to support sustainable development and social expectations [5] - Encouragement for government agencies and enterprises to utilize certified voluntary reduction credits to offset emissions [5] Market Vitality Enhancement - Financial institutions will be encouraged to develop green financial products related to carbon emissions trading [7] - The introduction of new trading participants, including individuals and financial institutions, will be supported to enhance market participation [7] Capacity Building - A management system will be established to ensure effective supervision and management of the national carbon market [8] - The carbon emissions accounting and reporting system will be improved to ensure accurate emissions data [8] Organizational Implementation - Local governments and relevant departments will be responsible for implementing the carbon market policies and ensuring compliance [10] - Legal frameworks will be developed to support the carbon market, including regulations for voluntary reduction trading [11] International Cooperation - Active participation in international carbon market mechanisms and cooperation to promote global green and low-carbon transitions [11][12]

Core Viewpoint - The article emphasizes the importance of establishing a more effective, dynamic, and internationally influential national carbon market in China as a key policy tool for addressing climate change and promoting green transformation in the economy and society [1]. Group 1: Current Status of National Carbon Market - China has established a national carbon emissions trading market and a voluntary greenhouse gas reduction trading market, which together form a comprehensive national carbon market system [2]. - As of July 2025, the cumulative trading volume of carbon emission allowances reached 681 million tons, with a total transaction value of 46.784 billion yuan, indicating the market's growing effectiveness [2]. - The completion rate for allowance compliance among the 2,096 key emission units included in the trading market for 2024 is nearly 100% [2]. Group 2: Development Goals and Strategies - The document outlines a roadmap for the medium- and long-term development of the national carbon market, with specific targets set for 2027 and 2030 [4]. - It emphasizes the need to enhance market functions, expand the coverage of industries and greenhouse gases, and establish a transparent carbon allowance management system [4]. - The strategy includes a gradual shift from intensity control to total control of carbon emissions and the implementation of both free and paid allocation methods for carbon allowances [4]. Group 3: Market Dynamics and Governance - The construction of the national carbon market aims to create a low-carbon development awareness among society, emphasizing that carbon emissions have costs while reductions yield benefits [3]. - There is a focus on balancing market vitality with effective government regulation to ensure a healthy and orderly development of the carbon market [7]. - The role of local pilot carbon markets will continue as "policy testing grounds" to innovate regulatory methods and contribute to the national market's development [7]. Group 4: International Cooperation and Standards - The national carbon market is positioned as a mechanism for international cooperation in green and low-carbon development, adhering to international standards and facilitating cross-border collaboration [8]. - The design of the carbon market aims to enhance its international influence while promoting domestic green technologies and industries to expand globally [8].