Core Viewpoint - The recent issuance of the "Opinions on Promoting Green and Low-Carbon Transition and Strengthening National Carbon Market Construction" emphasizes the importance of enhancing carbon emission data quality for the effective operation of the carbon market [1][2]. Group 1: Carbon Emission Data Quality - Carbon emission data quality is crucial for the healthy and orderly operation of the carbon market, impacting allocation, trading, and compliance processes [1]. - Accurate and reliable data is essential for maintaining trust and reasonable expectations among various stakeholders in the national carbon market [1][2]. - Despite improvements since the launch of the national carbon market in 2021, challenges such as data falsification and weak management still hinder data quality enhancement [1][2]. Group 2: Regulatory Measures - The "Opinions" propose strengthening "whole-process" supervision, clarifying responsibilities and specific measures to enhance carbon emission data quality management [2]. - Companies are urged to establish robust internal management systems for carbon emission data quality, integrating monitoring and documentation into daily operations [2][3]. - The use of advanced technologies like big data, blockchain, and IoT is recommended to improve monitoring and regulatory efficiency [3]. Group 3: Addressing Data Falsification - The document highlights the need for strict penalties against data falsification, driven by the high compliance costs associated with excessive carbon emissions [3]. - It calls for enhanced management of third-party technical service institutions to ensure their independence and professionalism, preventing collusion with emission-controlling companies [3]. - The integrity of carbon emission data is vital for the construction of the national carbon market and the effectiveness of green and low-carbon transitions [3].

Group 1 - In August, the national carbon market price experienced a significant decline, closing at 69.3 yuan/ton on August 29, down 4.39% from the last trading day of the previous month [1] - The average daily closing price of carbon emission allowances (CEA) in August was 71.39 yuan/ton, a decrease of approximately 3% compared to July's average of 73.57 yuan/ton [1] - The average daily trading volume of CEA in August was 55.26 million tons, an increase of about 9% from July's 50.71 million tons, indicating a rise in market activity [1] Group 2 - The Central Committee of the Communist Party of China and the State Council issued an opinion on August 25 to accelerate the construction of a unified national carbon market, with plans to cover major industrial sectors by 2027 and establish a comprehensive trading market by 2030 [2] - The Ministry of Ecology and Environment announced plans to expand the coverage of the mandatory carbon market based on industry development, pollution reduction contributions, and data quality, transitioning from intensity control to total control [2] - The Ministry will also explore the development of green financial products related to carbon emissions and strengthen the management of carbon emission verification and reporting [3]