Core Insights - The seminar on "Progress of China's Carbon Market Construction and Cross-Border Carbon Trading Cooperation" was held in Wuhan, organized by the Ministry of Ecology and Environment, and lasted for two weeks [1][6] - This marks the third time Hubei has hosted such a seminar, focusing on China's carbon market construction experience and simulated cross-border carbon trading [6] - A total of 29 participants from 16 countries received completion certificates, highlighting the international interest in China's carbon market initiatives [8][14] Group 1: Seminar Details - The seminar included classroom learning in Wuhan and participation as special guests at the 2025 China Carbon Market Conference in Shanghai [14] - Participants gained insights into China's carbon market policy framework, operational mechanisms, trading practices, and corporate carbon management experiences [14] - The seminar is part of China's broader efforts to share carbon market development experiences and assist global climate change responses, having trained over 10,000 individuals from more than 120 developing countries [25] Group 2: Participant Feedback - Burton Mwemba, Vice President of the Zambia Accounting Research Center University, noted the potential for promoting carbon asset development projects in his country, emphasizing the quantification and monetization of corporate emissions reductions [14] - Leighton Utupoa Leai Merei, a forestry official from Samoa, expressed interest in China's emission reduction strategies, highlighting their value for developing countries [16][22] - Bimal Bhatarai, an emissions auditor from Nepal Airlines, remarked on the vast potential of China's carbon market and its voluntary emission reduction market [20][25]

Core Viewpoint - The Ministry of Ecology and Environment emphasizes the importance of advancing the national carbon market construction in China, as outlined in the recent guidelines issued by the Central Committee and the State Council, focusing on green and low-carbon transformation [1] Group 1: National Carbon Market Development - The construction of a mandatory carbon market will be accelerated, with plans to gradually expand market coverage and implement total quota control [1] - The voluntary carbon market will be actively developed, including the establishment of a comprehensive methodology system and the expansion of certified voluntary emission reduction applications [1] - Efforts will be made to enhance market vitality by increasing the scale and diversity of trading entities and products, alongside strengthening trading supervision [1] Group 2: Data Management and Quality Control - There will be a focus on comprehensive management of data quality, including the improvement of accounting, reporting, and verification systems [1] - The management of the annual key emission unit directory will be strengthened to enhance corporate carbon emission accounting capabilities [1] Group 3: Regulatory and Technical Oversight - The regulation of third-party technical service institutions will be reinforced, including the management of verification agencies within the mandatory carbon market [1] - A credit management system for technical service institutions will be explored, along with the establishment of post-evaluation systems [1] Group 4: International Cooperation - The carbon market will enhance international exchanges and cooperation, promoting mutual recognition of technologies, methods, standards, and data to contribute to a fair and cooperative global climate governance system [1]