"此次市场扩围，实现了从单一行业到多行业兼容、单一能源活动排放到兼顾工业过程排放、单一 二氧化碳到多种温室气体管控的转变，为企业低碳转型提供了政策引导和市场激励。"省生态环境厅相 关负责人说，下一步，重点排放企业将围绕强化碳排放数据管理、开展碳排放对标分析、制定碳配额履 约策略、提升碳资产管理能力、加速低碳技术应用与转型等方面开展工作，以适应未来碳市场的发展。 （记者：李欣泽） 为完成2021至2024年度发电、钢铁、水泥等8个行业的碳排放报告核查，省生态环境厅成立碳排放 数据质量审核室，对关键数据进行存证。同时，对碳元素检测数据存在异常的留存煤样进行复检，并与 执法部门建立联动机制，建成陕西省碳排放大数据管理平台，确保数据真实性。 省生态环境厅提前核算企业配额盈缺情况，按风险等级对重点排放单位实行分级防控；为有履约意 愿但购不到配额的企业撮合交易，并对履约意识不强的企业进行约谈，有效提升了企业的履约能力和积 极性。 省生态环境厅联合金融部门出台支持碳排放权抵质押贷款的指导意见及操作指引，拓宽重点排放单 位融资渠道，提升企业节能减碳的主动性；建立省级数据质量帮扶交流平台，实施"一企一策"，指导企 业关注配额分 ...

本报北京1月5日电 （记者寇江泽）记者近日从生态环境部获悉：2025年，全国碳市场运行平稳有序， 市场活力稳步提升。碳排放权交易市场重点排放单位碳减排意识持续加强，配额清缴完成情况保持在高 水平，温室气体自愿减排交易市场支持领域进一步扩大，市场迎来快速扩容。全国碳市场推动全社会实 现低成本减排功能不断显现。 2025年，纳入碳排放权交易市场配额管理的重点排放单位共计3378家，其中发电行业重点排放单位2087 家，钢铁行业重点排放单位232家，水泥行业重点排放单位962家，铝冶炼行业重点排放单位97家，市场 共运行243个交易日。截至2025年12月底，全国碳排放权交易市场配额累计成交量8.65亿吨，累计成交 额576.63亿元。交易规模持续扩大，交易价格保持在合理区间。 碳排放权交易市场配额清缴完成情况保持在高水平。2024年度配额应清缴总量81.94亿吨，配额清缴完 成率约99.99%。 2025年，温室气体自愿减排项目方法学制定发布工作加快推进，共发布油田气回收利用、盐沼植被修复 等12项方法学，市场迎来快速扩容。 同时，自愿减排项目及减排量登记工作扎实开展，截至2025年12月底，已登记自愿减排项目3 ...

2025年，纳入碳排放权交易市场配额管理的重点排放单位共计3378家，其中发电行业重点排放单位 2087家，钢铁行业重点排放单位232家，水泥行业重点排放单位962家，铝冶炼行业重点排放单位97家， 市场共运行243个交易日。 截至2025年12月31日，全国碳排放权交易市场配额累计成交量8.65亿吨，累计成交额576.63亿元。 其中，2025年全年配额成交量2.35亿吨，同比增长约24%，成交额146.30亿元，交易规模持续扩大。交 易价格保持在合理区间，年底收盘价为74.63元/吨，全年交易均价为62.36元/吨。组织完成8场单向竞 价，满足市场多样化交易需求。 新华社北京1月1日电（记者高敬）记者从生态环境部获悉，2025年，全国碳市场运行平稳有序，市 场活力稳步提升。碳排放权交易市场重点排放单位碳减排意识持续加强，配额清缴完成情况保持在高水 平；温室气体自愿减排交易市场支持领域进一步扩大，市场迎来快速扩容。 "全国碳市场推动全社会实现低成本减排功能不断显现。"生态环境部有关负责人表示。 同时，自愿减排项目及减排量登记工作扎实开展，截至2025年12月底，已登记自愿减排项目33个， 减排量1776.3 ...

二、春节2月15日（星期日）至2月23日（星期一）休市，2月24日（星期二）起照常开市。另外，2月14 日（星期六）、2月28日（星期六）为周末休市。 格隆汇12月25日｜上海环境能源交易所发布全国碳排放权交易市场2026年全年休市安排的通知。根据 《国务院办公厅关于2026年部分节假日安排的通知》（国办发明电〔2025〕7号）精神，现将全国碳排 放权交易市场2026年全年休市安排通知如下： 一、元旦1月1日（星期四）至1月3日（星期六）休市，1月5日（星期一）起照常开市。另外，1月4日 （星期日）为周末休市。 ...

在推进"双碳"目标、活跃碳排放权交易市场的进程中，如何平衡交易效率与个人信息保护，成为碳 市场发展面临的新课题。近日，广东省广州市中级人民法院审结了广东省首例因碳排放配额交易中个人 信息披露引发的纠纷案，法院在明确平台信息披露合法合规的同时，也通过司法建议推动平台优化服 务，为碳市场健康有序发展提供了有力的司法指引。 其次，该行为具有合同依据。李某在注册时已承诺遵守平台规则，相关《隐私政策》对信息披露情 形已有明确约定，应视为双方合意。 最后，关于损害后果，某碳交中心仅向与李某存在直接交易关系的五家企业披露了姓名和手机号， 范围必要，目的限定，且李某未能证明该信息被用于无关用途或对其造成了实际损害。因此，某碳交中 心的行为不存在过错，亦未对李某的民事权益造成实质性损害，不构成侵权。 法官说法 案件虽已审结，但司法指引并未止步。为促进碳市场长远健康发展，海珠区法院向某碳交中心发送 了司法建议，围绕"完善规则体系、优化平台功能、加强监督管理"三方面，建议其制定专门的信息披露 制度，明确"最小必要"原则；开发"信息选择性披露""安全通讯模块""线上开票"功能，从技术上减少信 息暴露风险；强化告知同意与事后监督机制， ...

Core Viewpoint - The Ministry of Ecology and Environment has issued the "Quota Allocation Plan for National Carbon Emission Trading Market for Steel, Cement, and Aluminum Smelting Industries for 2024 and 2025," indicating a significant step towards expanding the carbon market to cover major industrial sectors [1][2]. Summary by Sections Carbon Market Expansion - The national carbon market, which started in 2021, has expanded from covering only the power generation sector to now include steel, cement, and aluminum smelting industries, marking its first major expansion [1][2]. - The types of greenhouse gases covered have also increased from solely carbon dioxide to include carbon dioxide, tetrafluoromethane, and hexafluoroethane [1]. Quota Allocation Framework - The "Quota Allocation Plan" continues the practice of free allocation of quotas based on carbon emission intensity, linking the quota amount to actual production levels without setting an absolute cap on total emissions [2]. - The focus is on direct emissions during production, excluding indirect emissions from purchased electricity and heat, emphasizing a "big fish, small fish" approach to target major emitters [2]. - The plan highlights the importance of data quality, stating that reliable carbon emission data is essential for an effective market, and introduces advanced monitoring technologies like blockchain and AI to combat data fraud [2]. Future Expansion Plans - Preparations for expanding the carbon market to include the chemical, petrochemical, civil aviation, and paper industries have already begun, with a goal to cover major industrial sectors by 2027 [3]. - The policy direction is clear, adhering to the principle of "mature one, include one," and will expand based on industry development, pollution reduction contributions, data quality, and emission characteristics [3]. - The ongoing improvements in the carbon emission management system and the implementation of reduction measures will enhance the role of the national carbon market in promoting green and low-carbon transformation in the economy and society [3].

Core Viewpoint - The "14th Five-Year Plan" and "15th Five-Year Plan" emphasize a transition towards green and low-carbon development, with a focus on carbon peak and carbon neutrality as guiding principles for policy formulation [1][2][6] Group 1: Green Transition and Policy Changes - The transition from pollution control to green low-carbon transformation is highlighted in recent policy statements, indicating a fundamental shift in environmental governance tools [2] - The dual control system for carbon emissions will replace the previous energy consumption control, marking a significant change in China's approach to environmental management [2] - The "15th Five-Year Plan" aims to implement energy-saving and carbon reduction actions in key industries, targeting a reduction of approximately 400 million tons of CO2 emissions [2][3] Group 2: Development of Green Low-Carbon Industries - The scale of China's green low-carbon industry is currently estimated at 11 trillion yuan, with potential for significant growth in the next five years [3] - The plan includes the establishment of around 100 national-level zero-carbon parks, which will provide substantial growth opportunities for the green low-carbon sector [3] - A comprehensive carbon emission accounting system will be developed, alongside an expansion of the national carbon trading market, to facilitate investment in efficient emission reduction technologies [3][5] Group 3: New Energy System and Infrastructure - The adjustment of the energy structure aims to increase the proportion of clean energy supply, with a projected annual addition of 200 million kilowatts of wind and solar capacity over the next decade [4][5] - The construction of a new energy system will focus on integrated energy infrastructure, including pumped storage and smart grids, to enhance energy supply security and resilience [5] - The green certificate market has seen significant progress, with 4.46 billion green certificates traded in 2024, indicating a successful development of the green trading market [5][6] Group 4: Environmental Protection and Circular Economy - The plan outlines actions for solid waste management and environmental risk prevention, aiming to extend the environmental protection industry from end-of-pipe treatment to comprehensive pollution reduction [6][7] - The target for the utilization of major solid waste is set at 4.5 billion tons by 2030, promoting the development of a circular economy [7] - Policies will be implemented to support green low-carbon development across various sectors, indicating a shift towards systemic economic transformation [7]

Core Viewpoint - The forum emphasizes the importance of a comprehensive green transition and the harmonious coexistence of humans and nature, highlighting China's commitment to accelerating green transformation and addressing climate change as it marks the 10th anniversary of the Paris Agreement [1] Group 1: Achievements in Green Development - Significant progress in green low-carbon development has been made, with 1.12 billion kilowatts of coal power units and 950 million tons of crude steel capacity undergoing ultra-low emissions transformation [2] - Nearly 50 million high-emission vehicles have been eliminated, and by 2024, renewable energy will account for 86% of new power installations in China, surpassing half of the global new installations [2] - The establishment of the world's largest carbon trading market covers over 60% of national carbon emissions, with the steel, cement, and aluminum industries included in carbon market management [2] Group 2: Improvement in Ecological Environment Quality - The average concentration of PM2.5 in key cities has decreased by 56% compared to ten years ago, with heavy pollution days reduced by 92% and good air quality days increased to 87.2% [2] - The proportion of surface water with good quality has exceeded 90% for the first time, and the water quality of major rivers like the Yangtze and Yellow Rivers has consistently maintained Class II standards [2] - Public satisfaction with the ecological environment has remained above 90% for four consecutive years, indicating a significant enhancement in people's perception of environmental quality [2] Group 3: Enhancements in Ecosystem Quality - Over 30% of land area has been designated as ecological protection red lines, with 90% of terrestrial ecosystem types and 74% of key wildlife populations effectively protected [3] - China's forest coverage has surpassed 25%, with forest stock exceeding 20 billion cubic meters, contributing to a quarter of the world's new green area [3] Group 4: Strengthening Environmental Governance - The introduction of the "Ecological Environment Protection Supervision Work Regulations" and the establishment of a comprehensive ecological environment monitoring network have improved governance [3] - The implementation of a unified management system for over 3.86 million fixed pollution sources has been initiated [3] Group 5: Global Environmental Engagement - China actively participates in global climate governance, contributing to significant international agreements and initiatives, including the "Kuwait Consensus" and the "Kunming-Montreal Global Biodiversity Framework" [4] - The establishment of the Kunming Biodiversity Fund supports projects in 15 developing countries, enhancing global cooperation in green development [4] Group 6: Future Directions and Recommendations - The ecological environment department aims to align with the goal of building a beautiful China, focusing on high-quality development and high-level protection [5] - Recommendations include enhancing research on low-carbon energy transition, promoting global environmental governance, and fostering international cooperation for a just green transition [6]

Core Viewpoint - The recent issuance of the "Opinions on Promoting Green and Low-Carbon Transition and Strengthening National Carbon Market Construction" marks a significant step in the development of China's carbon market, establishing a clear roadmap and enhancing its strategic position in national climate governance [1] Carbon Market Development - The national carbon market is identified as a crucial mechanism for achieving the "dual carbon" goals, with an emphasis on expanding industry coverage, improving quota allocation, and enhancing market mechanisms [1] - The document outlines a transition from intensity-based quota allocation to total control, prioritizing industries with relatively stable carbon emissions for total quota control by 2027 [2][3] Quota Allocation System - The quota allocation system is central to the carbon trading market, and its effectiveness directly impacts market fairness and efficiency [2] - The current system uses intensity-based allocation, which, while reducing the burden on companies, lacks sufficient constraints for carbon reduction [2] - The shift to total control aims to balance emission reduction targets with economic costs and industry differences [3] Information Disclosure and Transparency - The restructuring of carbon emission accounting and information disclosure is essential for connecting mandatory and voluntary reduction markets, addressing data quality issues, and enhancing carbon price signaling [1][6] - The "Opinions" propose improvements to the information disclosure system, requiring timely public reporting of emissions, compliance, and trading information from key market participants [7] - Current limitations in data disclosure and standardization hinder comparability and transparency, which could affect market efficiency [6][7] Financial Market Opportunities - The introduction of financial institutions and non-compliance entities into the carbon market is expected to enhance liquidity and pricing efficiency through diverse financial products and risk management tools [8][10] - The "Opinions" encourage the development of green financial products related to carbon emissions, aiming to establish a comprehensive carbon pricing mechanism [8][9] - The emphasis on cautious development highlights the importance of risk management in the expansion of financial instruments like futures and options [10]

Core Insights - China has established the world's largest carbon emissions trading market, which is crucial for achieving carbon peak and carbon neutrality goals, marking a significant step in climate change response [1][2] - The national carbon market has seen steady progress since the 14th Five-Year Plan, with a cumulative trading volume of 714 million tons and a total transaction value of 48.961 billion yuan as of September 18, 2025 [1] - The market has expanded to include key industries such as steel, cement, and aluminum, effectively managing over 60% of national CO2 emissions [1][2] Carbon Market Development - The carbon market is divided into a compliance carbon market and a voluntary carbon market, which together form a comprehensive national carbon market system [2] - By 2027, the national carbon emissions trading market aims to cover major industrial sectors, while the voluntary market seeks to achieve full coverage in key areas [2] - The government is committed to enhancing the carbon market's effectiveness and international influence, promoting green and low-carbon transitions [2] Environmental Improvements - During the 14th Five-Year Plan, the number of environmental assessments for high-pollution projects decreased, while assessments for renewable energy projects increased significantly [3] - National air quality has improved, with PM2.5 concentrations in cities dropping to an average of 29.3 micrograms per cubic meter in 2024, a 16.3% decrease from 2020 [3][4] - Major initiatives have led to the elimination of black and odorous water bodies in over 3,000 cities, with rural sewage treatment rates exceeding 45% [4]