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How did the cement industry face the national carbon market in the first year?

Time:

2017-04-22

Source:

network

According to the Joint Statement on Climate Change signed by the heads of state of China and the United States in 2015, China will launch the national carbon emission trading system in 2017. At that time, it will cover more than ten thousand enterprises, six industrial departments (power, steel, cement, chemical industry, nonferrous metals, and petrochemical) in 31 provinces and cities, and about 4 billion tons of carbon emissions per year, accounting for nearly 50% of the national carbon emissions. The domestic carbon market will become a large carbon trading market. Therefore, 2017 is called the first year of the national carbon market.

At present, how is the construction progress of China's carbon trading market? As a major emission control enterprise, the cement industry will face great pressure. How should we deal with the upcoming national carbon emission trading system? How can carbon asset accounting and carbon quota application benefit from the market?

In the afternoon of February 17, the United Nations Development Programme (UNDP) released the China Carbon Market Research Report 2017 in Beijing. The report reviews the construction process of China's carbon market, analyzes the future development trend and relevant policy documents, and points out many problems. In October 2011, the National Development and Reform Commission issued the Notice on the Pilot Work of Carbon Emission Trading, approving seven provinces and cities including Beijing, Tianjin, Shanghai, Chongqing, Shenzhen, Guangdong and Hubei to carry out carbon emission trading pilot work in 2013-2015, and non pilot areas such as Jiangsu and Zhejiang also started the preparation work of carbon market in succession. In January 2016, the National Development and Reform Commission issued the Notice on Doing a Good Job in the Key Work of Launching the National Carbon Emission Trading Market, making a unified deployment for the construction of the national carbon market and requiring to ensure the launch of the national carbon market in 2017.

Of course, there are also many common problems and shortcomings from the carbon trading pilot projects that have been run throughout the country. The report indicates that the legal support for carbon trading is generally weak in terms of system construction. In terms of carbon market trading, most markets show low liquidity and low activity. Currently, the market based price mechanism has not been completed; The transparency of the market is low, and emission control enterprises and investors lack confidence in the carbon market.

Many cement enterprises also maintain a positive attitude of attention and preparation for the upcoming carbon market. Jiang Dehong, vice president of Southern Cement (302.19 yuan/ton, 0.31%), said at the carbon asset management training meeting held at the end of 2016 that Southern Cement attached great importance to carbon trading and had established a carbon asset management leading group and a carbon asset management office. Huaxin Cement (355 yuan/ton, 0%), headquartered in Hunan Province, the first carbon trading region in China, has gained good profits from carbon trading. According to the surging news, Huaxin Cement had a surplus of 423800 tons of carbon quota in 2015, and gained more than 9 million yuan through trading in the carbon market. Carbon trading not only saved the loss of tens of millions of yuan for Huaxin Cement, but also created benefits. At the same time, the carbon dioxide emission of Huaxin Cement has decreased by 9%, which has greatly saved the cost of electricity and coal and reduced the cost.

The market is about to start, and both the cement industry and other large carbon emitters are actively preparing. How should the cement industry conduct carbon asset management and participate in carbon trading experience? From March 23 to 25, 2017, the sixth annual meeting of China Cement Network and the award ceremony of the Top 100 list will be held in Hangzhou. At that time, scholars in carbon assets and carbon trading will be invited to share their experiences.

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