碳市场首份中央文件制定发展目标 李高表示，全国碳市场顶层设计已进一步完善。今年8月25日，中共中央办公厅、国务院办公厅发布《关于推进绿色低碳转型加 强全国碳市场建设的意见》（下称"《意见》"），这是我国碳市场领域第一份中央文件，对全面推进全国碳市场建设作出系统 部署，明确碳市场的基本定位、总体要求，制定了全国碳市场发展目标和重点工作任务。 "中国碳市场经过四年运行，已经成为推动碳达峰碳中和的有力举措，已经成为碳定价的主要方式。"9月24日，生态环境部副部 长李高在2025年中国碳市场大会现场发布了《全国碳市场发展报告（2025）》，介绍了2024年以来全国碳市场的进展和成效。 生态环境部副部长李高，本报记者摄 李高表示，碳市场是一项复杂的系统工程，尽管全国碳市场建设取得积极的进展，但距离建成更加有效、更有活力、更具国际 影响力的国际碳市场有很多工作要做。下一步，生态环境部将加快建设全国统一碳市场，持续完善全国碳市场制度体系，稳步 扩大市场覆盖范围，进一步提升市场活力，不断丰富交易品种、主体和方式，加强国际合作与交流，更好发挥市场功能，激发 全社会绿色低碳发展内生动力和创造力。 《意见》提出，碳市场是利用市场机 ...

李殿勋说，当前，推动绿色低碳转型发展已经成为人类日益增强的共同关切，我国生态文明建设进入全 面绿色转型的关键时期，要加快建设更加有效、更有活力、更具国际影响力的碳市场，更好为中国乃至 全球的可持续发展注入强劲动力。湖北作为全国碳排放权注册登记结算系统所在地，近年来坚定贯彻习 近平生态文明思想，协同推进降碳、减污、扩绿、增长，碳交易、碳核算、碳金融等产业链初步形成， 绿色生产力不断壮大。我们将以此次大会为契机，进一步依托和用好注册登记结算系统功能作用、湖北 的区位条件和区域碳市场先发优势，加快建设全国碳市场中心和碳金融中心，加快推进生态产业化和产 业生态化，为更好回应新时期人民群众对美好生活的新需求，为推动长江经济带高质量发展和加快建设 美丽中国作出新的更大贡献。 以碳市场建设为牵引，推动绿色低碳转型不断取得新进展。 2025年中国碳市场大会今天在上海举行。上海市委书记陈吉宁出席开幕式并致辞。生态环境部党组书记 孙金龙，湖北省委副书记、省长李殿勋在开幕式上致辞，与上海市委副书记、市长龚正共同启动大会。 陈吉宁指出，习近平主席向国际社会庄严宣示实现碳达峰、碳中和目标，为中国绿色低碳发展指明了奋 进方向、提供了根本 ...

国新办9月19日举行"高质量完成'十四五'规划"系列主题新闻发布会，介绍以生态环境高水平保 护推动高质量发展情况。 会上，生态环境部副部长李高介绍，气候变化是国际社会普遍关注的重大全球性挑战，事关 人类未来和各国发展。近年来，极端天气气候事件在全球范围频发广发，带来日益严重的生命财 产损失和生态破坏，应对气候变化的紧迫性进一步增强。生态环境部深入贯彻落实党中央决策部 署，积极推进应对气候变化和碳达峰碳中和工作。 李高表示，下一步，生态环境部将持续深入实施积极应对气候变化的国家战略，积极稳妥推 进碳达峰碳中和，加快建设更加有效、更有活力、更具国际影响力的碳市场，健全产品碳足迹核 算标准，推动绿色低碳转型，不断提升经济发展的"含绿量"。 二是积极推进全国碳市场建设。 建成了全球覆盖温室气体排放量最大的碳排放权交易市场， 覆盖范围还在进一步扩大，今年新纳入钢铁、水泥、铝冶炼行业，实现了对全国60%以上二氧化 碳排放量的有效管控。还启动了全国温室气体自愿减排交易市场，推动出台《关于推进绿色低碳 转型 加强全国碳市场建设的意见》《碳排放权交易管理暂行条例》，先后制定30余项制度规 范，初步形成多层级、较完备的碳市场法规 ...

Group 1 - The article outlines the Chinese government's commitment to advancing carbon peak and carbon neutrality goals through the establishment of a national carbon market, which marks a shift from administrative to market-driven climate governance [1] - The national carbon market, launched in 2021, has become the largest in the world, covering industries such as power generation, steel, cement, and aluminum smelting, with approximately 8 billion tons of CO2 emissions covered [1] - The market is set to enter a new phase in 2024 with the reactivation of the voluntary greenhouse gas emission trading market, creating a complementary and interconnected carbon market structure [1] Group 2 - Despite significant achievements, the carbon market faces challenges, including a substantial price gap between China's carbon emission allowances (CEA) and the European Union's carbon allowances (EUA), with average CEA prices ranging from 52.84 to 89.06 yuan per ton over the past four compliance periods [2] - Market activity remains insufficient, with trading volume and prices increasing only near compliance deadlines, indicating a primary reliance on compliance-driven trading rather than a robust carbon asset management demand [2] - The market structure is dominated by compliance enterprises, with limited participation from financial and investment institutions, and a lack of diverse trading products, which hampers market depth and liquidity [2] Group 3 - To enhance market vitality, it is essential to improve the carbon pricing mechanism by optimizing quota allocation methods and gradually increasing the paid allocation ratio to reflect true emission reduction costs [3] - The establishment of a quota reserve and market adjustment mechanism is recommended to stabilize carbon prices during rapid fluctuations, ensuring they remain within a reasonable range [3] - Encouraging the diversification of market participants and expanding the trading product system is crucial, including the introduction of financial institutions and innovative carbon financial products like carbon futures and options [3] Group 4 - Strengthening data infrastructure and capacity is vital for improving market transparency, including the development of standardized carbon data systems and enhancing third-party verification processes [4] - Establishing a robust information disclosure system for carbon emissions, quota holdings, and trading records will further enhance market transparency [4] - The application of digital technologies such as blockchain and big data in the carbon market can automate data management processes, improving regulatory precision and intelligence [4]

Group 1: Carbon Market Development - As of September 18, 2025, the cumulative trading volume of the national carbon market reached 714 million tons, with a total transaction value of 48.961 billion yuan, achieving a "steady start and steady operation" [1] - The voluntary greenhouse gas emission reduction trading market has been launched, and over 30 regulatory frameworks, including the "Interim Regulations on Carbon Emission Trading," have been established, forming a multi-level and relatively complete carbon market regulatory system [1] - The management of carbon footprints is advancing, with over 100 product carbon footprint accounting standards released and a national greenhouse gas emission factor database established [1] Group 2: Solid Waste Management Achievements - China generates over 11 billion tons of solid waste annually, with significant progress made in solid waste management since the "14th Five-Year Plan," including a historic ban on imported "foreign garbage" [2] - The capacity for hazardous waste utilization and disposal has reached 22.3 million tons per year, and the capacity for municipal solid waste incineration disposal has increased to 1.141 million tons per day, representing growth of 58.8% and 72.4% respectively compared to the end of the "13th Five-Year Plan" [2] - A total of 3,000 governance projects have been implemented across 113 cities, with an investment of approximately 560 billion yuan, and over 211 billion yuan has been allocated for the standardized dismantling of discarded electrical and electronic products [2] Group 3: Challenges in Solid Waste Management - There are still shortcomings in solid waste management, with over 33 billion tons of industrial solid waste accumulated, occupying more than 3,500 square kilometers [3] - The focus for future efforts will be on illegal dumping of solid waste, illegal dismantling of waste electrical appliances, and new types of waste such as spent batteries and wind turbine components [3] - The construction of a comprehensive regulatory information system for hazardous waste management is being accelerated to prevent new hazards [3] Group 4: Future Directions for Environmental Standards - The next phase of ecological environmental standard development will focus on achieving "dual carbon" goals and emerging industries, with 15 key standards to be completed by the end of 2025 [4] - There will be a differentiated implementation of standards based on regional industrial characteristics, ensuring environmental quality while allowing for industrial upgrades in central and western regions [4] - A closed-loop mechanism for standard implementation evaluation will be established, with comprehensive assessments every three years to optimize standards based on pollution control needs and industrial development [4]

Core Viewpoint - The article discusses the development and significance of China's carbon market, highlighting its transition into a 2.0 era with the recent release of guidelines aimed at enhancing the market's vitality and international influence [4][5]. Summary by Sections Carbon Market Overview - Since 2013, China has initiated carbon emission trading trials in various provinces, culminating in the launch of a national carbon market in 2021, which serves as a crucial tool for addressing climate change and promoting green economic transformation [4][5]. Market Structure - The national carbon market consists of two components: a mandatory carbon market for key emission units and a voluntary carbon market aimed at encouraging self-directed emission reductions. The mandatory market began in 2021, while the voluntary market is set to launch in 2024 [6][7]. Market Size and Performance - As of August 22, 2023, the mandatory carbon market has over 2,000 key emission units, with a cumulative trading volume exceeding 680 million tons and a transaction value of 47.41 billion yuan. The voluntary market has recorded 2.49 million tons of certified voluntary emission reductions, amounting to 210 million yuan [7][8]. Industry Coverage and Future Goals - The mandatory carbon market has expanded to include industries such as steel, cement, and aluminum, covering over 60% of national carbon emissions. Future goals include broadening the market's coverage and transitioning to a total control system for carbon emissions by 2030 [9][11]. Financial Mechanisms - The article highlights the introduction of carbon finance mechanisms, such as carbon pledges and repurchase agreements, which allow companies to leverage carbon assets for financing, thereby enhancing their participation in emission reduction efforts [12][14]. Insurance and Risk Management - Carbon emissions can also be insured, as demonstrated by a recent case where a forestry carbon sink was insured against loss due to natural disasters, showcasing innovative approaches to managing carbon assets [13]. Enhancing Market Activity - The guidelines propose measures to improve the carbon pricing mechanism and encourage broader participation from financial institutions and individuals in the carbon market, aiming to increase market liquidity and effectiveness [14][15].

Core Viewpoint - The article emphasizes the importance of strengthening the national carbon market in China as a crucial policy tool for addressing climate change and promoting a green economic transformation, reflecting the country's commitment to achieving carbon peak and carbon neutrality goals [2][3]. Group 1: Significance of Strengthening the National Carbon Market - The establishment of a national carbon trading market and a voluntary greenhouse gas reduction market is crucial for promoting green and low-carbon development across society [3]. - Strengthening the national carbon market is essential for achieving high-quality development and environmental protection, facilitating the transformation of traditional industries, and fostering green technology innovation [3][4]. - The carbon market aims to optimize resource allocation and enhance the effectiveness of the socialist market economy and ecological civilization system [4][5]. Group 2: Achievements in National Carbon Market Construction - The national carbon market has seen significant progress over four years, with a well-structured regulatory framework and improved market vitality [6]. - As of August 22, 2025, the cumulative trading volume of carbon emission allowances reached 680 million tons, with a total transaction value of 47.41 billion RMB, indicating a growing market [6]. - The completion rate for carbon allowance compliance among key emission units was nearly 100%, demonstrating effective market operation [6][7]. Group 3: Overall Requirements for Strengthening the National Carbon Market - The construction of the national carbon market requires a systematic approach, balancing effective market mechanisms with government oversight [9][10]. - Long-term and short-term goals must be aligned, with a focus on gradually expanding the carbon market's coverage and establishing a robust carbon pricing mechanism by 2030 [10][11]. - Coordination between domestic and international efforts is essential to enhance China's influence in global carbon pricing and climate governance [11]. Group 4: Key Measures for Advancing National Carbon Market Construction - The guidelines outline a roadmap for the medium- and long-term development of the national carbon market, emphasizing the need for market functionality and regulatory oversight [12][13]. - Continuous innovation in the voluntary greenhouse gas reduction trading market is necessary, with a focus on developing methodologies and managing projects effectively [13][14]. - Strengthening management capabilities and regulatory frameworks will enhance the overall effectiveness and vitality of the national carbon market [14][15].

Core Viewpoint - The article emphasizes the importance of strengthening the national carbon market in China as a crucial policy tool for addressing climate change and promoting a green economic transformation, reflecting the country's commitment to achieving carbon peak and carbon neutrality goals [2][3]. Group 1: Significance of Strengthening the National Carbon Market - The establishment of a national carbon trading market and a voluntary greenhouse gas reduction market is essential for promoting green and low-carbon development across society, facilitating high-quality development while ensuring environmental protection [3][4]. - Strengthening the national carbon market is a necessary step in deepening the socialist market economy and ecological civilization reforms, enhancing resource allocation efficiency, and promoting effective market and government collaboration [4][5]. Group 2: Achievements in National Carbon Market Construction - The national carbon market has seen significant progress over four years, with a well-structured regulatory framework and improved market vitality, evidenced by a cumulative trading volume of 680 million tons and a transaction value of 47.41 billion yuan as of August 22, 2025 [6][7]. - The carbon emission data quality management has been enhanced, with over 3 million enterprise data audited in 2024, leading to improved accuracy and timeliness in carbon emission statistics [8][9]. Group 3: Overall Requirements for Strengthening the National Carbon Market - The construction of the national carbon market requires a systematic approach, balancing effective market operations with government oversight, and ensuring a fair and transparent market environment [10][11]. - Long-term and short-term goals must be aligned, with a focus on gradually expanding the carbon market's coverage and establishing a robust carbon pricing mechanism by 2030 [11][12]. Group 4: Tasks and Measures for Advancing National Carbon Market Construction - The guidelines outline a roadmap for the national carbon market's development, emphasizing the need for market functionality and the expansion of industry coverage [13][14]. - Continuous innovation in regulations and the development of a voluntary greenhouse gas reduction trading market are crucial for enhancing market vitality and ensuring effective management of carbon emissions [14][15]. - Strengthening policy and legal frameworks is essential for supporting the carbon market's institutional foundation, improving transaction efficiency, and promoting green low-carbon development [16].

Core Viewpoint - The article discusses the transition of China's carbon market from intensity-based control to total volume control, emphasizing the importance of carbon emission quotas as a new form of currency for environmental accountability and economic incentives [2] Group 1: Transition to Total Volume Control - The carbon market will shift from "intensity control" to "total volume control" by 2030, allowing for more precise emission reductions [2] - This new approach ensures that each company's emissions are tracked and managed, moving away from the logic of "more emissions, more profits" [2] Group 2: Paid Quotas and Market Dynamics - The transition from free quotas to paid quotas is expected to incentivize companies to actively reduce emissions, similar to the EU's experience which generated €180 billion in revenue [2] - Increasing the proportion of paid quotas will create market pressure for companies, making carbon emissions a cost and carbon reduction a benefit [2] Group 3: Fair and Efficient Allocation - The allocation of quotas must be balanced; too lenient may lead to complacency, while too strict could harm businesses, highlighting the need for "moderate flexibility" [2] - Enhanced data accounting and traceability mechanisms will ensure transparency and fairness in quota usage [2] Group 4: Future Implications - The evolution of the carbon market is set to drive China's green and low-carbon transformation, opening new avenues for industrial upgrades [2] - The carbon market is positioned to become a new engine for green development in China [2]

Group 1 - The core viewpoint of the article emphasizes the importance of quotas in the construction of the carbon market, with a clear timeline for the adjustment of quota distribution methods outlined in the recent policy document [1][2][3] - By 2030, a national carbon emissions trading market based on total quota control will be established, combining free and paid distribution methods [1][2] - The transition from intensity control to total control of carbon emissions is highlighted, addressing the limitations of the current intensity-based quota distribution method [1][2] Group 2 - The carbon market's management will cover over 60% of the national carbon emissions after the inclusion of new industries like steel and cement in 2024, making it a key player in achieving carbon reduction targets [2] - The gradual shift from free to paid quota distribution is necessary to enhance market liquidity and reduce excessive volatility, as evidenced by international experiences such as the EU carbon market [2] - The principle of "cost for carbon emissions and benefits for carbon reduction" is emphasized, with the flexibility to adjust paid quota distribution to stabilize market prices and guide reasonable price expectations [2][3] Group 3 - The policy document aims to ensure a balanced and fair quota distribution that encourages advanced companies while pressuring less proactive ones to reduce emissions [3] - Strict regulations and enhanced verification of carbon emissions data are necessary to ensure compliance and traceability of quota usage [3] - The implementation of the policy is expected to accelerate the transition to a market-driven carbon market, serving as a driving force for green transformation [3]