Core Viewpoint - The document outlines the government's plan to enhance the market-oriented allocation system for resource and environmental factors by 2027, focusing on the establishment and improvement of trading systems for carbon emissions, water rights, and pollution discharge [1] Group 1: Policy Objectives - By 2027, the trading system for carbon emissions rights and water rights is expected to be fundamentally improved [1] - The pollution discharge rights trading system will be established and refined [1] - The market mechanism for energy conservation will be further developed [1] Group 2: Market Dynamics - The resource and environmental factor trading market is anticipated to become more active, with a more robust price formation mechanism [1] - The initiative aims to facilitate the smooth flow and efficient allocation of resource and environmental factors, thereby fully unleashing market potential [1] - The support for achieving related resource and environmental goals is expected to be effectively enhanced [1]

Overall Requirements - The initiative aims to establish a market-oriented allocation system for resource and environmental factors, focusing on carbon emission rights, water rights, and pollution rights trading to enhance efficiency [1][2] - The guiding principles include adherence to Xi Jinping's thoughts, effective market and government roles, problem-oriented strategies, and gradual risk prevention [2] Resource and Environmental Factor Quota Distribution System - Strengthening the connection between carbon emission rights trading and dual control systems, transitioning from intensity control to total quota control [3] - Implementing a quota distribution and transfer system that balances carbon emission control goals with historical emissions and industry development stages [3] Optimization of Trading Scope - Expanding the coverage of the national carbon emission rights trading market to include more industries and trading entities [4] - Developing a market for energy-saving services and ensuring coordination between energy use rights trading and carbon emission rights trading [4] Trading System Enhancement - Integrating carbon emission rights, water rights, and pollution rights trading into public resource trading platforms to facilitate data sharing [7] - Establishing a robust regulatory framework for trading rules, including rights confirmation, registration, and transaction processes [8] Capacity Building for Trading - Improving legal standards and monitoring capabilities for carbon emissions, water usage, and pollutant discharge [9] - Encouraging financial institutions to participate in resource and environmental factor trading markets by developing green financial products [9][10] Organizational Implementation - Emphasizing the need for coordinated efforts among various regions and departments to implement the proposed reforms effectively [11]