Group 1: National Carbon Market Development - The national carbon market is transitioning from intensity control to total control during the 14th Five-Year Plan period, with a focus on total carbon emission control [2] - The inclusion of the steel, cement, and aluminum industries in the carbon trading market is expected to enhance their green and low-carbon transformation [2][3] - By 2027, priority will be given to implementing total quota control for industries with relatively stable carbon emissions [2] Group 2: Low-Carbon Investment and Technology Innovation - The carbon market has driven low-carbon investments and accelerated the innovation and promotion of green technologies [3] - The overall reduction cost in the power generation sector has decreased by approximately 35 billion yuan through carbon trading in the first two compliance cycles [3] - The expansion of the carbon market will encourage more enterprises to reduce carbon emissions through technological innovation and management efficiency improvements [3] Group 3: Voluntary Carbon Market Growth - The national voluntary greenhouse gas reduction trading market has entered a critical phase of rapid development, with 31 projects registered and a total transaction volume of 3.25 million tons of CCER [4][5] - The market has established a framework for management systems, technical methods, and infrastructure, enhancing the integrity and standardization of voluntary reduction projects [4] - The Ministry of Ecology and Environment is actively soliciting opinions on various voluntary reduction project methodologies to support diverse project development [4][5] Group 4: Carbon Footprint Management System - The average carbon footprint factor for electricity in 2024 is reported to be 0.5777 kg CO2 equivalent per kWh, a 6.9% decrease from 2023 [6][7] - The establishment of a product carbon footprint management system is a key focus for deepening ecological civilization reforms [6] - The Ministry of Ecology and Environment plans to continue enhancing the research and publication of carbon footprint factors for electricity and other key products [7]

Core Insights - The event on June 25, coinciding with "National Low Carbon Day," highlighted significant advancements in China's product carbon footprint management system, with over 70 national standards and 100 group standards established by the end of 2024 [1][2] Group 1: Product Carbon Footprint Management - The report outlines progress in establishing a product carbon footprint management system since 2024, focusing on management system development, work structure, international rule trust, and capacity building [2] - The publication of national standards such as the "Guidelines for the Compilation of Product Carbon Footprint Accounting Standards" and "Quantification Requirements and Guidelines for Greenhouse Gas Product Carbon Footprint" provides direction for the standard system [2] - A domestic electricity carbon footprint factor has been released to address urgent needs in product carbon footprint accounting across various industries [3] Group 2: Climate Change Adaptation - The "China Climate Change Adaptation Progress Report (2024)" indicates that 2024 is the hottest year on record, necessitating urgent improvements in climate change adaptation capabilities [3] - As of now, 30 provinces and regions, along with the Xinjiang Production and Construction Corps, have implemented provincial climate change action plans, and 39 pilot cities are exploring climate-adaptive urban development [4]