中化新网讯 9月21日，2025零碳学术研讨会暨第三届洪堡零碳论坛在山东威海临港区举行。与会专家共 探零碳园区建设和传统园区绿色升级路径。 洪堡零碳论坛主席、中国国际碳中和经济研究院院长蒋庆哲表示，2025年堪称零碳园区建设元年，国家 层面已走过"早期探索—孕育发展—重点推进"三大阶段，先后推出生态工业示范园区、循环化改造示范 园、低碳园区、绿色工业园区及绿色产业示范基地等多类试点，从"小切口"协同降碳减污，到系统治理 全面铺开。 李毅中表示，建设低碳零碳园区，要用碳监测摸清"家底"，锁定重点单元和环节，建立专业碳核算 和"碳账目"，把直接、间接和关联排放全部纳入碳足迹管理，并为主要产品贴上碳标识。随后主动进入 全国碳市场，利用自愿减排碳交易机制实现碳平衡并变现收益；电力行业已先行，钢铁、有色、建材、 石化、化工等行业也将陆续纳入，园区须提前布局、抢占先机。 在蒋庆哲看来，零碳园区建设需通过系统路径、多模式发展与多主体协同治理，实现能源结构转型与市 场化机制创新，推动园区全面零碳化。为此，他建议零碳园区必须让政府、管委会、企业、服务商等多 主体各就其位。政府负责基础制度与公共服务，用碳市场、激励约束机制清除共 ...

以下文章来源于中金研究院 ，作者陈济刘佳妮潘海怡 中金研究院 . 中金研究院 (CICC Global Institute，缩写 CGI)作为中金公司一级部门，定位为新时代、新形势下的新型智库，服务于中国公共政策研究与决 策，参与国际政策讨论和交流，并为中国金融市场尤其是资本市场发展建言献策。 2025年9月24日，习近平总书记在联合国气候变化峰会宣布中国新一轮国家自主贡献。中金研究院、中金公司研究部量化及ESG 团队、公用事业团队、电新团队及汽车团队进行联合解读。 点击小程序查看报告原文 Abstract 摘要 总量观点：减排趋势演算，绿色投资空间，非二排放管控及碳市场发展 ► 根据我们的测算，如果实现新一轮2035年减排目标，意味着我国达峰后也不会降低减排力度。 我们初步估算，2026-2035年中国碳强度预计 每年需要下降5%左右[1]。与过去十年间3.3%的平均水平相比，碳强度降幅不减反增。我们测算，到2035年，我国碳排放将降至102-105亿吨， 重回到2022年水平。 ► 最新NDC目标发布后，我国将以积极的态度推进非二氧化碳温室气体控制工作。 设置温室气体排放总量的减排目标或将推动非二氧化碳温 ...

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]

报告共计：19页 欧盟碳关税对中国高耗能产品出口的影响及对策总结 欧盟于2021年提出碳关税政策（CBAM），2023年10月进入过渡期，2026年正式征税，覆盖钢铁、铝、水泥、化肥等行业。中国作为欧盟重要贸易伙伴， 2022年对欧出口占比16%，其中超50%为高耗能产品，该政策对中国相关行业出口影响深远。 研究基于投入产出模型测算发现，在四类行业未纳入中国碳市场的情景下，碳关税将使中国高耗能产品出口成本最终上升6%-19%。其中钢铁行业受冲击最 大，2034年免费配额归零后，成本上升约19%，需缴碳关税近200亿元；化肥行业成本上升超9%，铝和水泥行业均超6%。若中国碳价升至307元/t，各行业 成本增幅将大幅降低，钢铁行业可降至10%以下。 从国际贸易格局看，钢铁行业变化最为显著。2034年，中国、俄罗斯钢铁价格上升14%-16%，欧盟对其进口规模分别下降285亿元、101亿元；而美国、土耳 其因采用短流程炼钢（碳排放强度仅为中国一半），价格增幅仅8%-10%，将占据竞争优势。其他行业中，化肥虽价格较低但对欧出口依赖度低，市场份额 调整有限；水泥出口占比极低且单价过高，受影响微弱；铝行业价格本就偏高，碳关 ...

碳价正成为新定价工具 电力行业是首批被纳入全国碳市场的行业。尹俊介绍，自2021年7月开始交易运行以来，覆盖发电行业 的碳市场已进入第四个履约周期，对发电行业减排增效的作用不断显现。 在江西，国家电投集团所属的一家发电企业，原本的能耗远高于排放基准值，于是通过对机组进行通流 改造，将汽轮机内部的叶片及气缸进行升级，提高机组的运行功率。节能技改后，企业能耗降低至排放 基准值以下。从经济效益来看，技改完成后的第二年，企业的碳履约成本就降低了约1000万元，机组效 率的提升也让燃料成本同步下降。 尹俊 ◎记者 荆淮侨 9月24日，由上海市政府、湖北省政府和生态环境部共同主办的2025年中国碳市场大会在上海举行。今 年大会主题为"完善碳定价机制，激发绿色低碳发展新动能"。 碳排放权登记结算（武汉）有限责任公司（下称"中碳登"）董事长尹俊在接受上海证券报记者专访时表 示，碳价作为碳市场发挥资源配置功能的关键信号，其稳定性直接关系到市场激励机制的成效。要构建 符合产业特征的碳配额储备管理体系，并构建与市场发展阶段相适应的长效运行、预期明确的调节机 制，以保障市场的长期稳定运行和健康发展。 碳市场是国际通行的碳减排政策工具 ...

21世纪经济报道记者李德尚玉 据新华社消息，在9月24日联合国气候变化峰会上，中国宣布了新一轮国 家自主贡献：到2035年，中国全经济范围温室气体净排放量比峰值下降7%-10%，力争做得更好。非化 石能源消费占能源消费总量的比重达到30%以上，风电和太阳能发电总装机容量达到2020年的6倍以 上、力争达到36亿千瓦，森林蓄积量达到240亿立方米以上，新能源汽车成为新销售车辆的主流，全国 碳排放权交易市场覆盖主要高排放行业，气候适应型社会基本建成。 国家自主贡献（下称"NDC目标"）是各国根据各自国情和发展阶段确定的应对气候变化行动目标。多名 受访人士向21世纪经济报道表示：新一轮NDC目标，详细阐述了我国在应对气候变化方面的自主承 诺，将为减少全球温室气体排放提供有力支撑。同时，碳市场是行业碳排放管控的重要手段，有了总量 目标，会使得全国碳市场更高效地实现价格发现。 全国碳排放权交易市场运行已有四年多。自2021年7月16日上线以来，全国碳市场已覆盖电力行业2200 余家重点排放单位，成为全球覆盖温室气体排放量最大的碳市场。经过3个履约周期，碳市场的制度体 系不断完善，市场机制愈加成熟。2025年，全国碳市场 ...

Core Viewpoint - The 2025 China Carbon Market Conference emphasized the importance of improving carbon pricing mechanisms to stimulate green and low-carbon development, highlighting China's advancements in carbon credit quality and international recognition [1][2]. Group 1: Carbon Market Development - Over four years, the Chinese carbon market has achieved stable growth, with a comprehensive policy framework established and over 60% of effective CO2 emissions being controlled [2]. - The market's vitality has increased, with growing participation from trading entities, making it a significant tool for promoting green and low-carbon transitions and achieving carbon peak and neutrality goals [2]. Group 2: International Cooperation and Standards - China is enhancing the quality of its carbon credits through improved methodologies and data quality, aligning with international standards, which lays a solid foundation for global carbon credit mutual recognition [1][2]. - The "Fudan Carbon Price Index" and other carbon pricing mechanisms are being developed to increase the international recognition of Chinese carbon credits, urging the global community to acknowledge their value [1]. Group 3: Future Directions - The Ministry of Ecology and Environment plans to expand the carbon market's industry coverage and trading entities, diversify trading products and methods, and strengthen international cooperation to build a more effective and influential carbon market [2]. - Recommendations for high-quality development of the global carbon credit system include advancing the internationalization of the "Fudan Carbon Price Index," innovating financial products related to carbon credits, and enhancing international cooperation on standards [2]. Group 4: Talent Development - The Fudan University Insurance Application Innovation Research Institute is innovating in lifelong education, launching a Chief Transformation Officer (CTO) program focused on green and digital transformation, aiming to cultivate high-end talent for global climate governance and the development of the carbon credit system [3].

Group 1 - The national carbon market in China has expanded its coverage, adding over 1,300 key emission units, resulting in an increase of approximately 3 billion tons of greenhouse gas emissions, with the covered CO2 emissions now accounting for over 60% of the national total [1] - By 2027, the national carbon market is expected to cover the main emission industries in the industrial sector [1] - In 2024, the carbon emission allowance trading market operated for 242 trading days, with an average daily trading volume of carbon emission allowances increasing by 43.55% compared to the previous compliance cycle, and the total annual trading volume reaching 18.9 million tons [1] Group 2 - The comprehensive closing price of the national carbon market in 2024 ranged from 69 yuan/ton to 106 yuan/ton, with the year-end closing price at 97.49 yuan/ton, representing a 103.1% increase from the opening price on the first trading day in 2021 and a 22.75% increase from the closing price at the end of 2023 [2] - The trading willingness of key emission units has significantly increased, with the total buy and sell orders for listed agreement trading rising by 232% year-on-year as of August this year [2] - As of August this year, 1,277 trading accounts have been opened by key emission units newly included in the market [2]

Group 1 - The national carbon emissions trading market in China has achieved a cumulative trading volume of nearly 700 million tons and a transaction value of approximately 48 billion RMB as of the end of August 2024, marking a record high since the market's launch in 2021 [1] - The annual transaction value for carbon emission allowances reached 18.114 billion RMB in 2024, setting a new record since the market's inception [1] - The report indicates that the Ministry of Ecology and Environment is accelerating the allocation of quotas for the steel, cement, and aluminum smelting industries, with 1,334 key emission units from these sectors newly included [1] Group 2 - By the end of 2024, the completion rate for quota compliance for the 2023 fiscal year was 99.98%, a historical high, with 28 provincial regions achieving 100% compliance [2] - The national carbon market has been operating smoothly, with an enhanced institutional framework and increased market vitality, leading to a stronger awareness of carbon reduction among key emission units [2] - Various stakeholders are actively participating in the carbon market, voluntarily developing and implementing emission reduction projects, showcasing the market's growing functionality [2]

Core Insights - The national carbon market in China is experiencing significant growth, with over 1,300 new key emission units added, leading to an increase in total greenhouse gas emissions by approximately 3 billion tons, now covering over 60% of the national CO2 emissions [1] - As of August 2025, the cumulative trading volume in the national carbon market reached 696 million tons, with a total transaction value of 47.826 billion yuan [1] - The market is becoming more active, with a 44% increase in daily trading volume compared to the previous compliance cycle, and a total transaction value of 18 billion yuan in 2024, the highest since the market's inception [2] Market Activity - The inclusion of the steel, cement, and aluminum industries has led to 1,277 new trading accounts being opened by key emission units as of August 2025 [2] - The trading willingness among key emission units has increased, with total buy and sell orders in the market rising by 232% year-on-year [2] - The average closing price of carbon credits was 69.30 yuan per ton as of August 2025, maintaining a reasonable range despite a global decline in carbon prices [2] Green Transition - The carbon market has played a crucial role in reducing carbon intensity in the power sector, which decreased by 10.8% from 2018 to 2024 [3] - A total of 564 key emission units in the power sector have achieved surplus quotas, amounting to 58.25 million tons, translating to approximately 4 billion yuan in revenue based on the average closing price [3] Policy Support - The central government has issued a comprehensive policy document aimed at advancing the national carbon market, with goals to cover major industrial sectors by 2027 and establish a robust trading system by 2030 [4] - The People's Bank of China is enhancing the green finance system to support the transition to a low-carbon economy [4] Data Governance - The establishment of a refined management process is seen as a key indicator of the maturity of the carbon market's data governance system [5] - Recommendations include developing cross-border carbon trading management measures to support international trading [5]