Under the 'Dual Carbon' policy, how should enterprises conduct carbon asset trading?

IV. Step Three: CCER Trading and Offset (Applicable to All Enterprises) 1. Two Pathways to Acquire CCERs (1) In-House Development (Self-Production for Self-Use + Sale) ・Suitable for: Photovoltaic, waste-heat recovery, energy-efficiency retrofit, and biomass projects ・Process: Project registration → Monitoring → Third-party verification → Issuance by competent authority → Registration at China Carbon Registry (CCER) ・2026 Benefit: Priority approval for industrial energy-efficiency projects (2) Market Purchase (to Cover Compliance Shortfalls) ・Channels: Shanghai Environment Exchange + National CCER Trading Platform ・Compliance Requirements: ・Nationally registered, within validity period, unpledged, and unused ・Offset cap: ≤5% of required surrender quotas (nationwide uniform rule effective in 2026) — Source: China Government Website 2. CCER Offset for Compliance (Key Cost-Saving Measure for Regulated Enterprises) 1. Transfer CCERs from trading account → registry account 2. At China Carbon Registry system: Account binding → Submit offset application → Freeze CCERs 3. Provincial Department of Ecology and Environment reviews and approves → automatic quota deduction 4. Settle remaining quota obligations fully (by December 31) V. 2026 Policy Updates: Strategies for Enterprise Carbon Trading Profitability & Cost Reduction (A) Surplus Quotas: Maximize Sale Revenue 1. Staggered Sales Timing ・Avoid: Concentrated compliance period (October–December), when prices tend to be depressed ・Prefer: First half of year or non-compliance periods (more stable pricing) ・Large surpluses: List/sell in 3–4 tranches (to prevent market price collapse) ・Combine quota sales with CCER development (dual revenue streams from same energy-efficiency project) (B) Quota Shortfalls: Low-Cost Coverage 1. Early Position Building ・Purchase in batches 6–3 months before compliance deadline (avoid year-end price spikes) ・Maximize use of 5% CCER allowance (typically ¥5–15/ton cheaper than quotas) ・Shortfall >50,000 tons: Negotiate off-market agreements directly with surplus holders (3–8% below market price) (C) Non-Regulated Enterprises: Monetizing CCERs ・Develop on-site PV / energy-efficiency projects → obtain CCER certification → sell directly to regulated enterprises ・Leverage green supply chain requirements, export-related carbon neutrality certifications, and ESG scoring benefits VI. Red-Line Risks (Strict 2026 Oversight) 1. Data Fraud: False emissions reporting for compliance → fines of 1.5–2× carbon price + subsidy clawback + inclusion in credit blacklist 2. Late Compliance: Failure to surrender full quotas on time → fines + production restrictions + restricted access to credit 3. Invalid CCERs: Use of unregistered / expired / already-used CCERs → offset invalidation, treated as non-compliance 4. Cross-Market Misuse: Local pilot CCERs ≠ National Carbon Market CCERs (not interchangeable) 5. Duplicate Subsidy Claims: Same project ineligible for repeated central/local energy-efficiency subsidies VII. Simplified Execution Checklist (2026) 1. March–April: Complete account opening, pre-allocation of quotas, and carbon inventory 2. May–August: Implement energy-efficiency retrofits, develop CCERs, conduct phased trading (sell surplus / buy shortfall) 3. September: Final quota allocation, inter-account transfers, CCER offset preparation 4. October–December: Compliance surrender, monetize remaining CCERs/quotas One-sentence Summary: Quotas ensure compliance; CCERs boost revenue; plan ahead; trade off-peak; prioritize compliance.

Dual Carbon Policies, Greenhouse Gas Accounting, and Practical Carbon Trading

Course Background As China’s national Dual Carbon strategy advances, the 15th Five-Year Plan period represents a critical phase for achieving peak carbon emissions. New materials enterprises face multiple requirements—including carbon intensity controls, greenhouse gas inventory, carbon compliance, and energy-saving/decarbonization upgrades. Enterprises must systematically master Dual Carbon policy directions, foundational GHG accounting methods, the full carbon trading process, and practical pathways for energy-saving and decarbonization—supporting green factory construction, ultra-low-emission upgrades, carbon data management, and regulatory compliance, thereby enabling synergistic development of operations and low-carbon transformation. Course Benefits ● Understand China’s national Dual Carbon goals and core 15th FYP indicators; interpret sector-specific regulatory requirements; ● Master professional GHG terminology, emission source identification, quantification methodologies, and basic carbon footprint calculation techniques; ● Clarify primary directions and actionable measures for energy-saving and decarbonization in manufacturing enterprises, generating improvement ideas aligned with actual production processes; ● Familiarize with the national carbon trading policy framework and enterprise-level workflow milestones; grasp practical compliance points for regulated enterprises. Course Features ● Industry-Aligned: Tailored to real-world production scenarios, illustrated with industry-specific process cases—no pure theory; ● Practice-Oriented: Focuses on inventory/accounting and carbon trading workflows, delivering immediately applicable operational guidance; ● Blended Learning: Integrates mini-case studies and discussion sessions for key topics; compact 3-hour format targeting real enterprise pain points. Course Duration: Half-day (3 hours) Target Audience: Personnel from Energy & Environmental Departments, Production Technology Departments, Equipment Departments, Supply Chain, and Management Delivery Method: Lectures + Industry Case Analysis + Key Point Discussions + Q&A Course Model: Closed-loop model integrating Policy → Technical Accounting → Decarbonization Pathways → Carbon Market Practice Course Outline Pre-training: Brief pre-course questionnaire to collect enterprise challenges regarding carbon management, accounting, and trading Course Introduction: Overview + Learning Objectives + Current Status of Enterprise Dual Carbon Work Chapter I: Interpretation of Dual Carbon Goals and Key 15th FYP Indicators I. Overall Framework of China’s Dual Carbon Goals 1. Core meanings of carbon peak and carbon neutrality 2. Role of industrial sectors (e.g., steel & new materials) in the Dual Carbon strategy Case Study: Domestic steel enterprises’ carbon peak practices II. Key 15th FYP Climate Change Planning Indicators and Policy Requirements 1. Interpretation of core indicators (e.g., carbon emission intensity, non-fossil energy share) 2. Policy orientation for steel sector regulation, dual control of energy consumption, and dual control of total/ intensity-based emissions 3. Opportunities and compliance risks posed to new materials enterprises Discussion: Analyze dual carbon pressures and opportunities facing enterprises—using Beigang New Materials’ ultra-low-emission and energy-efficiency upgrades as examples Chapter II: Fundamentals of Greenhouse Gases, Accounting, and Carbon Footprint Calculation I. GHG Emission Terminology and Definitions