PetroChina participated in the first day of trading activities in the national carbon market

On July 16, the national carbon emission trading market was launched in Beijing, Wuhan, and Shanghai
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PetroChina participated in the first-day online trading event held at the Shanghai Environmental Emissions Exchange and became one of the 10 enterprise groups that obtained the "National Carbon Market First-Day Trading Group Certificate", witnessing an important historical moment in the development of China's carbon market

Since 2020, the state has intensively promulgated relevant documents such as the “2019-2020 National Carbon Emissions Trading Quota Setting and Distribution Implementation Plan (Power Generation Industry)”, “Carbon Emissions Trading Management Measures (Trial)” and other related documents to vigorously promote carbon emissions.
The transaction landed
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PetroChina actively participates in the construction of the national carbon market and fulfills the responsibilities of central enterprises

PetroChina Dushanzi Petrochemical, Urumqi Petrochemical, Jinzhou Petrochemical, and PetroChina Power participated in the first day of trading activities
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As the representative of CNPC's carbon business professional service organization, the international business company provided professional carbon trading performance services in this transaction, ensuring the smooth implementation of the first day of trading

With the opening of the national carbon market, China has officially started a new process of controlling greenhouse gas emissions through market-based means across the country.
The carbon trading system has moved from a local pilot to the whole country, and the volume and activity of transactions ushered in a new stage of development
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China's carbon market will become the world's largest market covering greenhouse gas emissions

After the power generation industry became the first industry to be included in the national carbon market, it will gradually cover the petrochemical, chemical, building materials, steel, non-ferrous, paper and aviation industries in the future
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During the year, 2,225 power industry control companies across the country will be included in the national carbon market

It is reported that the national carbon emission rights market trading center is located in Shanghai, and the carbon allowance registration system is located in Wuhan, Hubei
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Carbon Emission Allowance (CEA) trading is carried out through the National Carbon Emissions Trading System.