Development and Reform Commission: China's carbon trading is still in the pilot phase

"Carbon trading is very important, but the country as a whole is still at an experimental stage." Dr. Liu Qiang, deputy director of the CDM (Clean Development Mechanism) Management Center of the Energy Research Institute of the National Development and Reform Commission, held on the 23rd at the "Energy Conservation Low Carbon" lecture held at the British Pavilion at the World Expo. Make the above statement.
Liu Qiang said that in addition to the better development of the CDM (Clean Development Mechanism) market in China, China is still at the trial stage of carbon trading in general, and more hopes to find carbon trading models favorable to China's development and emission reduction through some pilot demonstrations. We must respond positively and cautiously to carbon trading.
In early August, the National Development and Reform Commission has just announced the "five provinces and eight cities" as pilots for low-carbon provinces and low-carbon cities. In addition, Beijing, Tianjin, and Shanghai have all established exchanges to conduct trials on trading in energy conservation and emission reduction.
In Liu Qiang's opinion, although the domestic carbon intensity target provides a good policy signal and platform for carbon trading, there are still many issues that need to be explored in relation to the real realization of carbon trading, involving mechanisms, institutions, modes of participation, allocation, All aspects such as the baseline need to be solved through trials.
In addition, Liu Qiang pointed out that China's carbon intensity target is a voluntary goal, has no correlation with international commitments, and does not require an international MRV (measurable, reportable, and verifiable). Under this circumstance, it is more necessary to consider the relationship between the future domestic carbon market and the international carbon market, and the roles played by different institutions in it. It is also necessary to solve this problem through pilots.
In Europe, carbon trading has achieved certain development. Its experience has implications for China's energy conservation and emission reduction.
In the lecture of the day, the director of the British carbon trust company in China, Lan Lanyi, introduced some specific practices of the current EU carbon trading system: Large energy users (40% of greenhouse gas emissions) must measure and report carbon emissions; if a company produces Excess carbon emissions, then the company must purchase emission permits from low-emission companies; in addition, the maximum emission limit will be reduced periodically.
By comparing carbon taxation and carbon trading, SkyTeam believes that through the changes in price of carbon trading, savings can be achieved and it is easier to reach agreement. But there is also a debate about whether emissions permits can be allocated and whether their bottom line prices are fair.

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