core point
Green and low-carbon development has become a global consensus. In order to achieve the global temperature target of 1.5°C, the relevant carbon market mechanism has been gradually improved, and the coverage of carbon finance corresponding to the carbon market has also continued to expand, so as to serve and guide the carbon peak and carbon neutrality. effect. The basis of carbon finance is the carbon market, and the transaction targets of the carbon market are the basic assets of carbon finance.
In the global voluntary carbon emission reduction trading mechanism, the international carbon emission reduction mechanism still dominates the existing projects, but the independent carbon emission reduction mechanism is developing rapidly. From the perspective of the development trend of incremental projects, the global carbon emission reduction project registration in 2020 will increase year-on-year. 11%, the newly issued carbon emission reduction amounted to 358 million tons, of which more than half of the projects came from the independent carbon emission reduction mechanism, and the emission reduction certified by the independent carbon emission reduction mechanism increased by 30% year-on-year, and the voluntary carbon emission reduction market gradually From the international carbon emission reduction mechanism dominated by the gradual transition to the independent carbon emission reduction mechanism, the domestic emission reduction mechanism dominated the pattern. Voluntary commitments by companies are the main driving force behind the increase in demand for carbon credits. As more and more companies around the world pledge to achieve net zero emissions by 2050, the demand for carbon credits drives the rapid development of independent carbon emission reduction mechanisms.
In the short term, the mandatory emission reduction market is mainly based on the construction of national and regional carbon markets, but the standards will gradually converge and the markets will gradually recognize each other. In the carbon allowance trading market, the current carbon market trading rules of various countries in the world are quite different, and the carbon trading price varies greatly depending on the degree of regional economic development. Under the influence of factors such as the Carbon Border Adjustment Mechanism (CBAM), the accounting of carbon allowances and other related standards will accelerate the unification and mutual recognition.
In the future, my country’s carbon market mechanism will be further improved, high-carbon industries will be gradually included in the national carbon market, and the scale of the carbon market will increase steadily. The carbon market transaction volume is 32-44 billion yuan, and when the quota transaction ratio is 10%, the annual carbon market transaction volume is 64-88 billion yuan. The innovation of on- and off-site financial products based on carbon quotas and approved carbon emission reductions will continue to advance.
In view of the fact that my country’s carbon emissions are still at the peak stage, the carbon-related business market space is larger and more certain, especially in carbon measurement, carbon inventory, quota carbon asset management, emission reduction carbon asset management, etc. Using the indirect measurement method, the market is still in its infancy, and the carbon detection equipment mainly focuses on the stage of scientific research and development and demonstration. Equipment + platform enterprises will have more core advantages in carbon measurement and detection in the future. The innovation of financial products linked to carbon will continue, and the innovation of ESG investment and financial products linked to carbon emissions will become the focus of future investment and financing.
To view the full report click here
Note: The articles on this site have not been posted and shared by netizens or institutions unless they are marked as original. If there is any need for publicity or infringement, please contact [email protected].
This article is reprinted from: https://www.dx2025.com/archives/167993.html
This site is for inclusion only, and the copyright belongs to the original author.