(Source: "China Petroleum Enterprise Magazine" 2024-11-28)
w88 casino games
“Article 6 of the Paris Agreement approved，Establishment of global carbon market mechanism，will promote emission reduction、Optimize resource allocation、Promote green and low-carbon development，Achieve dual carbon goals for China、Clean energy and energy conservation and emission reduction industries have a significant impact。”
On the journey to combat global climate change，Every international agreement reached is a historic step。November 11, 2024，This special day is recorded in history，Opening meeting of the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29)，The much-anticipated Article 6, paragraph 4, of the Paris Agreement was officially approved，This not only marks the formal establishment of the global carbon market mechanism，It also indicates that global climate governance has entered a new stage，It will have a profound impact on the global response to climate change。
The essence of establishing a global carbon market mechanism
The Paris Agreement serves as the cornerstone document of global climate governance，Aims to control the global average temperature increase within 2 degrees Celsius through the joint efforts of all countries，And try to limit the target to 1.Within 5 degrees Celsius。The core of Article 6, paragraph 4, of the Paris Agreement is to establish a global carbon market mechanism (hereinafter referred to as the “Article 6 mechanism”)，This mechanism allows the transfer and recognition of emission reduction results between countries，Aimed at helping countries achieve their emission reduction goals，Simultaneously reducing emissions reduction costs globally，will provide a more transparent platform for global emissions reduction actions、Efficient financing and market mechanism，The core is to build a global carbon market)，Aims at cooperating on international emission reduction projects，Promote countries to achieve emission reduction goals，Also reduce the overall emission reduction cost。The global carbon market mechanism is not a simple national voluntary emission reduction mechanism，But w88 online casinow88 mobilea market-based one、An international cooperation mechanism that combines mandatory and flexible functions。Countries can use this mechanism，Achieve mutual offset of emission reduction targets，That is, the emission reductions (carbon credits) obtained by a country through the implementation of emission reduction projects，Can be used by another country to offset its failure to reduce emissions，Thus optimizing the allocation of emission reduction resources on a global scale。
Establishing a global carbon market mechanism，The cost of emission reduction will be reduced through the following ways:
1.Improving emission reduction efficiency: through market-based mechanisms，Encourage companies or project developers to carry out emission reduction projects in countries or regions with lower costs，Thus improving the overall emission reduction efficiency。2.Promote optimal allocation of resources: through the role of market mechanism，Funds and technology can flow more efficiently to areas and projects with lower emission reduction costs，Thus achieving the optimal allocation of emission reduction resources on a global scale。3.Reducing greenhouse gas abatement costs: for some developing economies，The traditional economic development model may be accompanied by higher carbon emissions。However，These countries often lack sufficient funds and technology to achieve emission reduction targets。By allowing developed countries to purchase the emissions reductions of developing countries，It has helped developing countries obtain the financial and technical support needed to achieve green and low-carbon transformation，It also reduces the emission reduction costs of developed countries。4.Improving the level of international cooperation: the establishment and implementation of the global carbon market mechanism，Needs close cooperation and concerted efforts among countries，Not only helps strengthen cooperation and exchanges between countries in the field of addressing climate change，It also helps to improve the effectiveness and level of the global environmental governance system。5.Promote global energy technology innovation: Market competition will drive companies to continuously seek more economical、Efficient emission reduction technologies and methods，Thus reducing emission reduction costs。6． Enhance market liquidity: The establishment of a global carbon market will enhance market liquidity for emission reduction projects，Enable emission reductions (carbon credits) to be traded within a wider market，Thus reducing transaction costs。
The importance of establishing a global carbon market mechanism
Establishment of global carbon market mechanism，It has the following profound significance for promoting global carbon emission reduction: 1.An effective way to achieve global emission reduction goals: through international cooperation on emission reduction projects and carbon credit trading，The global carbon market provides countries with a feasible path to achieve emission reduction goals。This mechanism can not only reduce emission reduction w88 online live casinow88 casinocosts，It can also stimulate the enthusiasm of countries to reduce emissions，Promote the global emission reduction process。
2.Promote global green and low-carbon development: The establishment of the global carbon market will effectively promote green and low-carbon development worldwide。On the one hand，Enterprises in order to obtain more carbon credits，Will actively seek the application of low-carbon technologies and methods；On the other hand，Investors will also be more inclined to invest in green and low-carbon projects，Thus forming a powerful driving force for green innovation。3.Enhancing climate change response capabilities: The establishment of a global carbon market can not only promote countries to achieve emission reduction goals，It can also improve the global ability to deal with climate change。Cooperation through emission reduction projects and carbon credit trading，Countries can better share emissions reduction experience and technology，Work together to address external climate risks and challenges。
The establishment of the global carbon market mechanism has a significant impact on China's realization of dual carbon goals
For China，The establishment of the global carbon market mechanism will undoubtedly bring huge development opportunities。China is the largest developing country in the world，Has abundant emission reduction resources and potential projects，Participate in emission reduction project cooperation and carbon credit trading in the global carbon market，Not only can it achieve its own dual carbon goals，In addition, it can also obtain economic benefits and improve international reputation。
01 Promote China’s green and low-carbon transformation
China is in a critical period of economic structural adjustment and development mode transformation，The establishment and implementation of the global carbon market mechanism has provided China with more flexible emission reduction means and more international cooperation opportunities，Help promote China’s economy to achieve green and low-carbon transformation and sustainable development。
02 Expand China’s international cooperation space
The global carbon market mechanism can provide new cooperation opportunities and platforms for China and other countries and regions，To deepen cooperation and exchanges with other countries in addressing climate change and green and low-carbon development，Jointly promote the global climate governance process。China will play multiple important roles in the future global carbon market: first, project developer，Has many internationally competitive emission reduction projects，Such as wind energy、Solar energy and other renewable energy projects and energy-saving and emission-reduction technology transformation projects。By integrating these projects into the global carbon market，Will have the opportunity to obtain financial and technical support from the international community；The second is the carbon credit supplier，With the further advancement of domestic emission reduction projects，will become an important carbon credit supplier。By providing high-quality carbon credit products to the global market，will play a more important role in international climate governance；The w88 online sports bettingw88 casino gamesthird is market participants，Enterprises and financial institutions will actively participate in trading and investment activities in the global carbon market，Not only helps promote the development of domestic green and low-carbon industries，It can also provide new opportunities for enterprises to expand international business。
03 Contributes to the rapid development of China’s clean energy industry
With the development and growth of the global carbon market and the increasingly stringent emission reduction targets of various countries，Global demand for clean energy will continue to rise。For China，This means that the clean energy industry will usher in unprecedented development opportunities - wind energy、Solar energy、Related companies in water energy and other fields are expected to receive more capital investment and technological breakthroughs。The widespread promotion and application of these clean energy sources will further optimize the energy structure，Significantly reduce carbon emission intensity，Help achieve the goal of carbon neutrality。The clean energy industry is expected to usher in unprecedented development opportunities。With the continuous growth of global carbon market demand and technological advancement, cost reduction，The economic benefits of clean energy projects will be significantly improved，Thus attracting more investment into this field。
04 Contributes to the healthy development of China’s energy conservation and emission reduction industry
In the field of energy conservation and emission reduction，High-efficiency energy-saving equipment、Industrial Cleaner Production Technology、The demand for building energy efficiency improvement technology and other aspects will continue to increase，Help improve economic efficiency。China’s energy conservation and emission reduction technology and service industry，will usher in unprecedented development opportunities。In this field，China already has certain technical strength and industrial foundation - innovative enterprises in energy-saving and environmental protection technology、Energy-saving renovation service providers and upstream and downstream enterprises in related industrial chains such as Carbon Capture Utilization and Storage (CCUS) will usher in broader market prospects and development opportunities。
05 Contributes to the rapid rise of China’s carbon asset management and service industry
As the global carbon market becomes increasingly mature，Carbon assets will become an important strategic resource for enterprises and even the country，The carbon asset management and service industry will usher in opportunities for vigorous development。Professional carbon footprint、Carbon Verification、Carbon Standard、Carbon Asset Consulting、Trading and management institutions will become the bridge connecting enterprises and the carbon market，Provide enterprises with more accurate and reliable carbon asset management and trading services。Enterprises and professional institutions will pay more attention to carbon asset management including carbon footprint accounting and disclosure、w88 casino games loginWork on carbon trading w88 casino gamesstrategy formulation and related financial derivatives development，To better manage risks and seize opportunities。
Attachment: Original link
https://mp.weixin.qq.com/s/PywMPWWgwofDwzsp-1CPYA
