The entry into force of the Paris Agreement has had a profound impact on the electrolytic aluminum industry

On December 12, 2015, nearly 200 Parties to the United Nations Framework Convention on Climate Change (UNFCCC) agreed to adopt the Paris Agreement at the Paris Climate Change Conference
.
On April 22, 2016, 175 countries formally signed the Paris Agreement
.
According to incomplete statistics, by November 1, a total of 92 parties had ratified the Paris Agreement, accounting for 65.
82% of the global total in greenhouse gas emissions, crossing the two thresholds
required for the agreement to enter into force.
This agreement establishes the rules and action arrangements
for the global response to climate change after 2020.
It makes a lot
of sense to base ourselves on the present and lead the future.

China's electrolytic aluminum enterprises are immersed in the electricity price reform and the electricity price dividend brought by captive power plants, and foreign companies will shift their power supply from traditional coal-fired power plants to hydropower and natural gas power generation
with lower emissions.
With the entry into force of the Paris Climate Agreement, low-carbon energy and low-carbon production will have an increasingly profound impact
on China's economy.
If China's electrolytic aluminum industry cannot respond in time and realize the low-carbon production of electrolytic aluminum, it will soon lose the cost competitive advantage
it has obtained.

In emissions trading, the most fundamental model of profit maximization is to emit less and pollute
less.
With fewer emissions, more capital can operate in the carbon market
.
There are many emissions, and under the background of policy restrictions on production capacity and increasingly strict environmental supervision, no matter how companies reduce costs by polluting the environment, how to flexibly use the carbon emission market mechanism will be powerless
.
The basic principle is that whoever emits more should pay more
.
It is reported that the verification principle, transparency and supervision mechanism of the total carbon emissions of the newly launched electrolytic aluminum enterprises or production capacity will take time to verify
.
The norms
of the country cannot be lost because of a place, an industry, or a momentary benefit.