Carbon market compliance should not be taken lightly

To improve the construction of the carbon market system and promote the further implementation of the carbon market system, it is inseparable from the guidance and supervision of the relevant departments to the participants in the market, so as to promote enterprises to understand the system, abide by the system, and use the system
.

At the beginning of the new year, Suzhou, Jiangsu Province investigated and handled the first domestic case of non-compliance with carbon emission quotas
.
During the eco-environmental safety inspection, the Suzhou Eco-Environment Comprehensive Administrative Law Enforcement Bureau found that a company failed to pay off the 2019-2020 carbon emission quotas in full and on time, and was suspected of violating Article 10 of the "Measures for the Administration of Carbon Emissions Trading (Trial)"
.
At present, the company has been ordered to rectify and investigate and deal with its illegal acts
.

2021 is the first compliance cycle of the national carbon market
.
A total of 2,162 key emission units in the power generation industry were included in this compliance cycle, covering an annual greenhouse gas emission of about 4.
5 billion tons of carbon dioxide
.
Since the official launch of online trading in the national carbon market on July 16, 2021, the cumulative transaction volume of carbon emission allowances has reached 179 million tons, with a cumulative transaction value of 7.
661 billion yuan
.
The closing price on December 31 was 54.
22 yuan / ton, up 13% from the opening price on the first day of July 16
.
In terms of performance, the completion rate of performance was 99.
5%
.
In general, the carbon market is operating in a healthy and orderly manner, with stable and rising transaction prices.
The role of promoting companies to reduce greenhouse gas emissions and accelerate green and low-carbon transformation has initially appeared.
However, not all companies have completed their compliance on time
.

The carbon market is an institutional arrangement that consolidates the responsibility of greenhouse gas emission control to enterprises
.
Although the key emission companies included in the carbon market increase the policy constraints and emission reduction costs of carbon emissions, the carbon market also provides more flexible tools through the trading mechanism to help companies fulfill their obligations at a lower cost
.
It can be said that the carbon market brings not only constraints but also incentives to enterprises
.
According to the principle of total control, the carbon emission of enterprises is no longer a confused account, and the process of compliance is a process of promoting refined management and green transformation of enterprises
.

Some people believe that under the current low carbon price and relatively loose carbon quota, the failure to perform the contract on time should only be a case, not paying attention or being unfamiliar with the trading rules or the reasons for their failure to perform
.
To improve the construction of the carbon market system and promote the further implementation of the carbon market system, it is inseparable from the guidance and supervision of the relevant departments to the participants in the market, so as to promote enterprises to understand the system, abide by the system, and use the system
.
What needs more attention is that the important role of the carbon market is to guide the optimal allocation of carbon emission reduction resources through price signals, and a reasonable carbon price is the key to leveraging companies to actively fulfill their obligations
.

The investigation and punishment of the first case of non-compliance with carbon emission quotas will surely warn more companies to take this as a warning
.
According to the "Measures for the Administration of Carbon Emissions Trading (Trial)", if a key emission unit fails to pay off its carbon emission allowances in full and on time, the local ecological environment department at or above the city level where its production and operation sites are located shall order it to make corrections within a time limit, and impose a penalty of 2 A fine of more than 10,000 yuan but not more than 30,000 yuan; if the correction is not made within the time limit, for the unpaid part, the provincial-level ecological environment authority where the production and operation sites of key emission units are located will reduce their carbon emission quotas for the next year by the same amount
.
In this way, companies that fail to perform on time will not only be ordered to make rectifications, but will also be subject to financial penalties, and even face a more passive situation in the next year
.
Paying off carbon emission quotas on time and in full, and implementing emission reduction responsibilities, enterprises should not and cannot take it lightly
.