Carbon trading effectively reduces emissions. Industry in mainland China calls for the establishment of the Greater China Carbon Trading Alliance
In recent years, the global carbon trading market has doubled and the market has become more and more active. The "Greater China Carbon Trading Development Prospect Forum" recently held at the International Environmental Protection Expo conducted an in-depth discussion on how to integrate the development of Greater China's carbon trading. Jeff Huang, Managing Director of Greater China of the Intercontinental Exchange Group (ICE), said that carbon trading refers to two main forms: "Cap and Trade" (Cap and Trade) and "Carbon Offsetting" (Carbon Offsetting). To exempt developed countries and their companies from reduction targets, "cap and trade" was originally used in the US Acid Rain Program (US Acid Rain Program) to set cap controls through governments and intergovernmental organizations. If companies cannot If it meets the total amount, it can be purchased from other people with remaining carbon rights; "carbon offsets" are traded through the emission reductions generated by country-to-country cooperation emission reduction plans. They are usually bought and sold in advance in the form of futures. Among them, the power industry It is a major contributor to carbon emissions in various countries. The total amount of global carbon rights trading increases every year. The more mature trading systems currently include the European Union Greenhouse Gas Emission Trading Scheme (EU ETS) in Europe and the Chicago Climate Exchange (CCX) in the United States. ), Greater China is still in its infancy and has huge development potential. The Chinese industry continues to explore how to use these financial tools to