The first anniversary of the operation of the national carbon market. When will the textile industry be included?

The national carbon market is an important policy tool to implement the carbon peak and carbon neutrality goal. July 16th is the first anniversary of the launch of the national carbon emissions trading market. As of July 15th, the first batch of more than 2,000 key carbon emission units in the power generation industry have cumulatively traded 194 million tons of carbon emission allowances (CEA) in the national carbon market. The cumulative transaction volume is 8.492 billion yuan; starting from 48 yuan/ton, reaching a maximum of 62 yuan/ton, the latest closing price on July 15 was 58.24 yuan/ton. The national carbon market has developed into one of the largest carbon spot secondary markets in the world. This is also the first time that my country has assigned the responsibility of controlling greenhouse gas emissions to enterprises from the national level, and promoted the industrial technology upgrading of enterprises through the mechanism of market pressure.

Only power companies participate

The first batch of companies included in the carbon emissions trading in my country are all power generation companies. The reason for this arrangement is mainly due to the large emissions of companies in the power generation industry, the relatively standardized data of various types, and the high level of management.

Zhao Yingmin, Vice Minister of the Ministry of Ecology and Environment, said when the national carbon emissions trading market was launched last year that the national carbon market chose the power generation industry as a breakthrough because the power generation industry directly burns coal, so the industry’s carbon dioxide emissions are relatively large.

More than 2,000 key emission units in the power generation industry across the country, including self-owned power plants, emit more than 4 billion tons of carbon dioxide annually. Therefore, the power generation industry is the first industry to be launched to fully utilize the carbon market to control greenhouse gas emissions. positive effect. In addition, the management system of the power generation industry is relatively sound and the data base is relatively good. Because in order to trade, you must first have accurate data. Accurate and effective acquisition of emission data is a prerequisite for carbon market transactions. The power generation industry has a single product and complete emission data measurement facilities. The entire industry has a high degree of automated management. Data management is standardized and easy to verify, and quota allocation is simple and easy.

Capacity expansion is the general trend

Although the national carbon emissions trading market has been operating smoothly for one year, industry insiders believe that although the operation has achieved initial results, there are still many problems to be solved in the national carbon market, including the single participating industry. Currently, only the electric power industry is included in the scope of carbon emissions trading, while seven major industries including petrochemicals, chemicals, building materials, steel, non-ferrous metals, papermaking and domestic civil aviation have not yet been included in the transaction.

In fact, the Ministry of Ecology and Environment has been carrying out preliminary preparations for carbon emission data for high-emission industries such as steel, non-ferrous metals, building materials, petrochemicals, chemicals, papermaking and aviation for many years. The next step will be to take overall consideration of the economic and social development situation. Incorporate mature industries into one industry and speed up the construction of relevant laws and regulations for the national carbon market.

It is understood that the Department of Climate Change Response of the Ministry of Ecology and Environment has issued a letter of entrustment to the China Building Materials Federation, officially entrusting the China Building Materials Federation to carry out work related to the inclusion of the building materials industry in the national carbon market.

When will the textile industry be included in the carbon market?

Guangzhou is the only multi-pilot region in my country that has a national low-carbon city pilot, a carbon trading pilot and a green finance reform and innovation pilot zone. On July 14, the Guangzhou Municipal People’s Government officially announced that it is exploring the gradual expansion of the scope of emission control industries and plans to include ceramics, textiles, data centers and other industries into the Guangdong carbon market. Data show that as of June 30 this year, the Guangzhou Carbon Emissions Trading Center has traded a total of 207 million tons of quotas, accounting for 27.7% of the national total; the total transaction amount reached 5.092 billion yuan, accounting for 22.62% of the national total; transaction volume and transactions The amounts ranked first in the country. Guangzhou has proposed for the first time in the country that textiles will be included in the Guangdong carbon market, which will undoubtedly have guiding significance for the expansion of national carbon trading.

According to statistics, the total energy consumption of the textile industry in 2019 was 107 million tons of standard coal, accounting for 2.2% of the country’s total energy consumption, 3.2% of industry, and 4.0% of manufacturing industry; among the 31 categories of manufacturing industry , the textile industry ranks 6th in carbon emissions, the chemical fiber manufacturing industry ranks 15th, and the textile and apparel industry ranks 22nd. Obviously, the textile industry’s carbon emissions rank at the forefront of the manufacturing industry, and it is a general trend for the textile industry to be included in the carbon trading market.

Some experts pointed out that focusing on China’s overall layout of responding to climate change, coordinating emission reduction and social and economic development, scientifically and rationally advancing the carbon market expansion process, carbon emission data support needs to be further strengthened, and it is difficult to formulate quota share plans for new industries. larger. If you want to include a new industry in the second compliance period, you must first have industry-oriented carbon emission accounting standards and calculate emission data for at least the previous year. However, the latest accounting standards for other industries have not yet been officially released.

Cheng Hao, deputy director of the China Textile Industry Department, believes that it is “certain” that the textile industry will be included in the carbon trading market, but it is not simple to realize carbon trading in different industries and different regions. If other industries such as the textile industry want to be included in the carbon market, they need to establish a unified standard carbon market and solve the difficulty of using carbon indicators across industries. This cannot be achieved in the short term.

CO₂ greenhouse gas emissions generated by energy consumption are the most important contributor to the overall carbon emissions of the textile industry.� points. Cheng Hao pointed out that what is important now is to further optimize the energy structure system of the textile industry and encourage companies to use renewable energy as much as possible.

The Ministry of Ecology and Environment stated that in the next step, it will speed up the revision of national standards for greenhouse gas emission accounting and reporting in relevant industries in accordance with the principle of approval and release when mature, study and formulate quota allocation plans for different industries, and conduct research on the carbon market in the power generation industry. After healthy operation, the carbon market will further expand the scope of industry coverage and give full play to the important role of the market mechanism in controlling greenhouse gas emissions, promoting green and low-carbon technology innovation, and guiding climate investment and financing.

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