坚持以习近平新时代中国特色社会主义思想为指导，深入贯彻党的二十大和二十届二中、三中全会精 神，全面贯彻习近平经济思想、习近平生态文明思想，坚持稳中求进工作总基调，兼顾绿色低碳转型和 经济发展需要，坚持有效市场、有为政府，坚持碳市场作为控制温室气体排放政策工具的基本定位，加 快建设全国统一的碳市场，有计划分步骤扩大实施范围、扩展参与主体，营造更加公平公开透明的市场 环境，努力实现碳排放资源配置效率最优化和效益最大化，推动传统产业深度转型，培育发展新质生产 力，激发全社会绿色低碳发展内生动力，为积极稳妥推进碳达峰碳中和、建设美丽中国提供重要支撑。 一、总体要求 主要目标是：到2027年，全国碳排放权交易市场基本覆盖工业领域主要排放行业，全国温室气体自愿减 排交易市场实现重点领域全覆盖。到2030年，基本建成以配额总量控制为基础、免费和有偿分配相结合 的全国碳排放权交易市场，建成诚信透明、方法统一、参与广泛、与国际接轨的全国温室气体自愿减排 交易市场，形成减排效果明显、规则体系健全、价格水平合理的碳定价机制。 二、加快建设全国碳排放权交易市场 （一）扩大全国碳排放权交易市场覆盖范围。根据行业发展状况、降碳减污贡献、 ...

"我们建章立制，会同有关部门制定了30余项制度和技术规范，初步形成了多层级、较完备的碳市场法 规制度体系。"裴晓菲说，同时，还不断扩大重点行业覆盖范围，在发电行业基础上，今年将钢铁、水 泥、铝冶炼行业纳入强制碳市场，对全国60%以上碳排放量实现了有效管控。 对于如何深入推进全国碳市场建设，裴晓菲表示，首先，将根据行业发展状况、降碳减污贡献、数据质 量基础、碳排放特征等，有序扩大强制碳市场的覆盖行业范围。建立预期明确、公开透明的碳排放配额 管理制度，明确市场中长期碳排放配额控制目标，逐步由强度控制转向总量控制。配额分配方式由免费 转向免费和有偿相结合，有序提高有偿分配比例。 中新社北京8月26日电 (记者 阮煜琳)《中共中央办公厅 国务院办公厅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》)日前对外公布。中国生态环境部新闻发言人裴晓菲26日介绍，这是中 国碳市场领域第一份中央文件，明确了全国碳市场中长期发展的时间表、路线图、任务书。 国家应对气候变化战略研究和国际合作中心总经济师张昕认为，《意见》为建设全国温室气体自愿减排 交易市场建设勾画了路线图，围绕建成更加有效、更有活力、更具国际影响力的碳 ...

新华社8月25日受权发布的《中共中央办公厅国务院办公厅关于推进绿色低碳转型加强全国碳市场建设 的意见》提出，支持银行等金融机构规范开展碳质押融资业务，稳妥推进符合要求的金融机构在依法合 规、风险可控前提下参与全国碳市场交易，适时引入其他非履约主体。 意见明确，到2027年，全国碳排放权交易市场基本覆盖工业领域主要排放行业，全国温室气体自愿减排 交易市场实现重点领域全覆盖。到2030年，基本建成以配额总量控制为基础、免费和有偿分配相结合的 全国碳排放权交易市场，建成诚信透明、方法统一、参与广泛、与国际接轨的全国温室气体自愿减排交 易市场，形成减排效果明显、规则体系健全、价格水平合理的碳定价机制。 完善碳排放配额管理制度 在加快建设全国碳排放权交易市场方面，意见表示，根据行业发展状况、降碳减污贡献、数据质量及碳 排放特征等，有序扩大覆盖行业范围和温室气体种类。 完善碳排放配额管理制度。建立预期明确、公开透明的碳排放配额管理制度，保持政策稳定性和连续 性。 综合考虑经济社会发展、行业特点、低碳转型成本等，明确市场中长期碳排放配额控制目标。 意见要求，统筹好全国碳排放权交易市场和有关地方试点开展的碳市场。现有碳排放权 ...

● 本报记者 刘杨 扩展交易主体。支持银行等金融机构规范开展碳质押融资业务，稳妥推进符合要求的金融机构在依法合 规、风险可控前提下参与全国碳市场交易，适时引入其他非履约主体。全国温室气体自愿减排交易市场 逐步引入符合条件的自然人参与交易。 完善碳排放配额管理制度。建立预期明确、公开透明的碳排放配额管理制度，保持政策稳定性和连续 性。（下转A02版） （上接A01版）综合考虑经济社会发展、行业特点、低碳转型成本等，明确市场中长期碳排放配额控制 目标。 意见要求，统筹好全国碳排放权交易市场和有关地方试点开展的碳市场。现有碳排放权交易试点市场要 按照有关要求规范建设运行，助力区域绿色低碳转型。鼓励碳排放权交易试点市场在扩大覆盖范围、完 善市场调节机制、创新监管手段、健康有序发展碳金融等方面先行先试，为全国碳排放权交易市场建设 探索经验。建立定期评估和退出机制，不再新建地方或区域碳排放权交易市场。 丰富碳金融交易产品与服务 意见表示，目前，我国已建立重点排放单位履行强制减排责任的全国碳排放权交易市场和激励社会自主 减排的全国温室气体自愿减排交易市场。 在着力提升碳市场活力方面，意见提出，丰富交易产品。稳慎推进金融机构 ...

事关全国碳排放建设，重磅文件来了！ 8月25日，中共中央办公厅、国务院办公厅对外发布《关于推进绿色低碳转型加强全国碳市场建设的意见》（以下简称《意见》）。 2.支持银行等金融机构规范开展碳质押融资业务。 《意见》指出，碳市场是利用市场机制积极应对气候变化、加快经济社会发展全面绿色转型的重要政策工具。 《意见》确定了主要目标：到2027年，全国碳排放权交易市场基本覆盖工业领域主要排放行业，全国温室气体自愿减排交易市场实现重点领域全覆 盖。到2030年，基本建成以配额总量控制为基础、免费和有偿分配相结合的全国碳排放权交易市场，建成诚信透明、方法统一、参与广泛、与国际接 轨的全国温室气体自愿减排交易市场，形成减排效果明显、规则体系健全、价格水平合理的碳定价机制。 基金君梳理了《意见》中重要内容如下： 1.到2027年，对碳排放总量相对稳定的行业优先实施配额总量控制。 稳妥推行免费和有偿相结合的碳排放配额分配方式，有序提高有偿分配比例。建立配额储备和市场调节机制，平衡市场供需，增强市场稳定性和流动 性。合理确定用核证自愿减排量抵销碳排放配额清缴的比例。 稳妥推进符合要求的金融机构在依法合规、风险可控前提下参与全国碳市 ...

目前，我国已建立重点排放单位履行强制减排责任的全国碳排放权交易市场和激励社会自主减排的全国 温室气体自愿减排交易市场。为推动建设更加有效、更有活力、更具国际影响力的全国碳市场，经党中 央、国务院同意发布《推进绿色低碳转型加强全国碳市场建设的意见》 中共中央办公厅 国务院办公厅关于推进绿色低碳转型加强全国碳市场建设的意见 碳市场是利用市场机制积极应对气候变化、加快经济社会发展全面绿色转型的重要政策工具。目前，我 国已建立重点排放单位履行强制减排责任的全国碳排放权交易市场和激励社会自主减排的全国温室气体 自愿减排交易市场。为推动建设更加有效、更有活力、更具国际影响力的全国碳市场，经党中央、国务 院同意，现提出如下意见。 一、总体要求 坚持以习近平新时代中国特色社会主义思想为指导，深入贯彻党的二十大和二十届二中、三中全会精 神，全面贯彻习近平经济思想、习近平生态文明思想，坚持稳中求进工作总基调，兼顾绿色低碳转型和 经济发展需要，坚持有效市场、有为政府，坚持碳市场作为控制温室气体排放政策工具的基本定位，加 快建设全国统一的碳市场，有计划分步骤扩大实施范围、扩展参与主体，营造更加公平公开透明的市场 环境，努力实现碳排放 ...

Core Insights - The national carbon market has been operating for four years, showing a healthy and orderly development with a cumulative trading volume exceeding 670 million tons and a transaction value of 46 billion yuan [1][2][3] - The introduction of the "Interim Regulations on Carbon Emission Trading Management" in 2024 provides a strong legal framework for the market, with the first expansion planned for 2025 to include steel, cement, and aluminum industries [2][3][9] - The market price has shown a positive trend, with the average closing price surpassing 100 yuan per ton in April 2024, and recent prices fluctuating between 70-80 yuan per ton [3] Market Development - The national carbon market has seen accelerated development in 2024, with the introduction of new trading methods such as single-direction bidding to enhance trading efficiency [2][3] - The trading system's continuous improvement has positively impacted market activity and price formation mechanisms, with trading prices remaining within a reasonable range [2] Regional Market Coordination - The implementation of the regulations on May 1, 2024, clarifies the boundaries between national and local carbon markets, preventing overlapping controls [4] - Shanghai's carbon market has introduced various carbon financial products, significantly increasing green electricity consumption and achieving a 72% growth in carbon reduction credits used for compliance [5][6] Financial Products and Innovations - Shanghai has launched multiple innovative carbon financial products, including carbon pledges, carbon repurchase, and carbon insurance, effectively mobilizing over 800 million tons of carbon assets [6][7] - The introduction of the carbon neutrality index and the upcoming capital market transformation index aims to enhance the synergy between carbon markets and financial markets [7] International Context and Challenges - The EU's Carbon Border Adjustment Mechanism (CBAM) poses challenges and opportunities for Chinese export enterprises, particularly in high-carbon industries [8] - Companies are encouraged to track domestic and international policies, build carbon data management systems, and enhance their low-carbon management practices to adapt to evolving trade rules [8][9]

Core Viewpoint - The ESG (Environmental, Social, and Governance) concept is becoming a key force in promoting sustainable development amid global climate crises and social inequality, with a focus on leveraging regional financial advantages and industrial clusters to enhance sustainable information disclosure and achieve high-quality economic development [1] Group 1: Policy and Standards - Regions in China should actively explore the establishment of sustainable information disclosure policies and standards that align with international norms and domestic needs, drawing from global standards like GRI and TCFD [2] - Local financial institutions should integrate these policies into their business processes, ensuring compliance in project approvals and risk assessments to provide scientific decision-making support [2] - The development of policies should consider the characteristics and needs of financial institutions, encouraging their participation in the policy-making process to ensure feasibility and effectiveness [2] Group 2: Information Disclosure Mechanism - Establishing a unified ESG information disclosure standard is essential to enhance the normativity and mandatory nature of disclosures across industries [3] - Financial institutions should incorporate ESG factors into due diligence and risk assessment processes, ensuring that information disclosure is closely integrated with business operations [3] - Collaboration with local governments and regulatory bodies is crucial for building an effective information disclosure mechanism, utilizing fintech to optimize disclosure processes [3] Group 3: Financial Market and Industrial Cluster Advantages - Financial markets in China should leverage their comprehensive elements to direct more capital towards low-carbon emission sectors, strengthening the carbon finance ecosystem [4] - Financial institutions are encouraged to develop green credit businesses and explore green bonds and carbon finance, linking financial services with local industrial upgrades [4] - Collaboration among financial institutions is vital to develop green financial products and services, enhancing credit support for low-carbon sectors [4] Group 4: Innovation in Green Financial Products and Services - Continuous innovation in green financial products and services is necessary, promoting various carbon-related financial instruments to support the green transformation of the economy [5][6] - Financial institutions must ensure comprehensive and accurate disclosure of environmental benefits and risks associated with new products, enhancing transparency for investors [6] - The development of unique green financial products should consider market demands and regional characteristics, improving their attractiveness and credibility [6] Group 5: Talent Development and International Cooperation - Green finance talent should be included in the list of scarce talents, with efforts to attract and cultivate professionals with international perspectives [7] - Strengthening exchanges with international financial centers can introduce advanced concepts and practices, enhancing local financial institutions' capabilities in sustainable information disclosure [7] - Financial institutions should focus on building a skilled workforce knowledgeable in both finance and ESG principles, participating in international exchanges to improve competitiveness [7]

Core Viewpoint - Hubei province is leveraging its ecological advantages to develop a carbon finance ecosystem, with the establishment of the national carbon market registration and settlement platform ("Zhong Carbon Registration") in Wuhan serving as a catalyst for innovation in carbon financial products and services [1][2]. Group 1: Carbon Finance Development - The People's Bank of China Hubei Branch has been actively promoting financial product and service innovation based on green assets, leading to the emergence of pioneering products such as carbon emission rights pledge loans and carbon asset custody [2]. - The current development of carbon finance in China faces several bottlenecks, including the unclear legal status of carbon emission rights, which complicates their pledge and collateralization [2][3]. Group 2: Legal and Regulatory Recommendations - To protect the rights of financial institutions in carbon emission rights pledge loans, it is recommended to establish national-level management measures and operational guidelines for carbon quota registration, pledging, and disposal [3]. - The suggestion includes utilizing the Zhong Carbon Registration's freezing function for pledged carbon emission rights to mitigate risks such as double pledging [3]. Group 3: Market Participation and Infrastructure - Financial institutions are currently unable to directly participate in the national carbon market, which limits the development of carbon finance and may lead to asset losses in case of loan defaults [4]. - It is proposed that financial institutions be allowed to participate in the national carbon emission rights trading market to enhance market liquidity and ensure the legality of their trading qualifications [4]. Group 4: Future Directions for Carbon Finance - Support is recommended for the Zhong Carbon Registration to leverage its core infrastructure advantages to establish a carbon clearinghouse in Wuhan, attracting various carbon finance entities and fostering innovation in carbon finance [5]. - The creation of a "Zhong Carbon Index" is suggested to stabilize carbon price expectations and provide clear pricing signals for carbon asset rights, trading, and pricing [5].