(Source: "China Petroleum News" Page 5 International Tribune November 18, 2025)
Dong Xiucheng
my country’s carbon market is developing well, in terms of market size, policies and lawsRemarkable progress has been made in aspects such as regulations and market vitality.
The coverage of my country’s carbon market continues to expand, and the effective control of carbon dioxideThe total chemical carbon emissions account for more than 60%. 2024, national carbon emission rightsThe average daily trading volume of the trading market increased by about 1% compared with the previous fulfillment cycle44%, the annual turnover reached 18 billion yuan, which is the first year since the market launched in 2021Come to the highest level. In 2024, the State Council promulgated and implemented the "Carbon Emission RightsInterim Regulations on Transaction Management" to build a national carbon emissions trading marketBasic framework of policies and regulations. In August 2025, the General Office of the CPC Central Committee,The General Office of the State Council announced "On Promoting Green and Low-Carbon Transformation to Strengthen the Nationwide Strategy"Opinions on the Construction of Carbon Market" clarifies the medium and long-term development of the national carbon market’s timetable and roadmap proposes to basically complete the project with quotas by 2030National carbon emissions based on total control, free and paid distributionDelegated trading market. The willingness of trading entities to participate continues to increase, 2024Total number of key emission units included in the national carbon emissions trading market2096 companies, the quota payment completion rate is close to 100%. At the same time, "About PushOpinions on advancing green and low-carbon transformation and strengthening the construction of the national carbon market” put forward,Support banks and other financial institutions to standardize carbon pledge financing, National GreenhouseThe gas voluntary emission reduction trading market gradually introduces qualified natural personsParticipating in transactions will further expand the number of trading entities and enhance market vitality.In addition, my country implements monthly certification and review of key parameters of corporate carbon emissionsHere, using information technology such as big data and blockchain, has greatly improved monitoringManage efficiency.
According to the "About Promoting Green and Low-Carbon Transformation and Strengthening the National Carbon MarketOpinions on Construction", by 2027, the national carbon emissions trading market will be basically establishedThis covers the main emission industries in the industrial field, and the national greenhouse gas voluntary policyThe emission reduction trading market achieves full coverage of key areas. This policy orientationThe intensity of promotion not only demonstrates the country’s efforts to accelerate the green and low-carbon transformationDetermined to achieve comprehensive coverage of major emission industries in the industrial fieldLaid a solid foundation with effective management and control.
According to the established policy path and promotion measures, my country’s 2035 goalsThe national carbon emissions trading market covers major high-emission industries and is comprehensiveCovering the main emission industries in the industrial field and achieving effective controlTarget, its implementation process and goals are clear and feasible. This process not onlyIn line with the country’s long-term development plan and in response to global climate changeAn important measure to challenge and achieve the sustainable development goals.
