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 ...

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 Insights - The national carbon market in China is approaching its fourth anniversary, with significant progress in emissions reduction and market stability, achieving a cumulative transaction value exceeding 46.2 billion RMB and an average price of over 74 RMB per ton [1] - The market is evolving towards maturity, with ongoing improvements in regulatory frameworks and mechanisms to facilitate carbon pricing and trading [1][2] Market Expansion - The national carbon market has completed three compliance cycles and is expanding to include steel, cement, and electrolytic aluminum industries, which are significant contributors to emissions [2] - This expansion is designed to be gradual, allowing new sectors to adapt to the rules and enhance their participation in carbon trading [2] Financial Mechanisms - Carbon markets offer unique advantages over traditional financing methods, such as shorter financing cycles and better mobilization of private capital, particularly beneficial for developing countries [3] - The development of carbon financial products, including futures and derivatives, is expected to enhance market liquidity, risk management, and pricing mechanisms [6][7] Data Utilization - There is a need for improved carbon accounting and disclosure mechanisms, as many companies lack robust carbon data, which is crucial for financial institutions [4] - Financial institutions are increasingly engaging in carbon accounting and climate risk stress testing, with 535 institutions conducting carbon accounting and 134 performing climate risk assessments in 2022 [4] Regulatory Developments - The People's Bank of China is revising guidelines for environmental information disclosure to encourage innovation in sustainable reporting among financial institutions [5] - The introduction of sustainable development reporting guidelines by major exchanges aims to enhance the quality of corporate sustainability disclosures [5] Future Directions - Experts emphasize the importance of developing a diverse range of carbon financial products to support small and medium enterprises in their carbon reduction efforts [7] - Initiatives like carbon accounts and rating systems are being piloted to link corporate emissions reductions with financing costs, fostering a sustainable reduction mechanism [7]

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]