Power generation enterprises ushered in the clearing of carbon quotas for the first time
2021-11-05
On October 26, the Ministry of ecology and environment issued the notice on the settlement of carbon emission quotas in the first performance cycle of the national carbon emission trading market (hereinafter referred to as the notice), urging key emission units in the power generation industry to complete the settlement of the allocation in the first performance cycle of the national carbon market as soon as possible, It is required to ensure that 95% of key emission units in the administrative region complete the performance before 17:00 on December 15, 2021, and all key emission units complete the performance before 17:00 on December 31. This is the first time that power generation enterprises have carried out carbon quota clearing since the national carbon market was launched on July 16.
The notice specifies that the scope of this settlement is the key emission units that have been included in the pre allocation quota management of national carbon emission trading from 2019 to 2020. Key emission units that fail to pay their quotas in full and on time shall be dealt with in accordance with the relevant provisions of the measures for the administration of Carbon Emission Trading (Trial), and the treatment shall be submitted before January 15, 2022. The Ministry of ecology and environment will verify the above work and supervise the ineffective implementation. All localities should focus on urging and guiding key emission units with gaps in quotas to do a good job in clearing and payment as soon as possible, and strengthen docking with the national carbon emission registration authority (Hubei carbon emission trading center) and the national carbon emission trading authority (Shanghai environment and energy exchange).
All localities should also pay close attention to completing the 2019-2020 quota verification and quota clearing confirmation of key emission units in the power generation industry in their administrative regions, and allocate approved quotas to key emission units through the national carbon emission right registration system. In accordance with the requirements of the notice on doing a good job in the supervision and management of data quality in the national carbon emission trading market, earnestly do a good job in the supervision and management of data quality in the national carbon market, and punish and organize rectification in strict accordance with the provisions in case of any violation such as false reporting, concealment and falsification of data. For key emission units with falsified emission data, carefully determine their emissions and payable quotas in accordance with relevant technical specifications and the principle of conservatism.
The notice also proposes that the organization is willing to use the national certified voluntary emission reduction (CCER) to offset the key emission units of carbon emission quota settlement, pay close attention to opening the general holding account of the national voluntary emission reduction registration system, and open the trading system account in the recorded greenhouse gas voluntary emission reduction trading institution, complete the purchase and apply for CCER cancellation as soon as possible.
The notice specifies that the scope of this settlement is the key emission units that have been included in the pre allocation quota management of national carbon emission trading from 2019 to 2020. Key emission units that fail to pay their quotas in full and on time shall be dealt with in accordance with the relevant provisions of the measures for the administration of Carbon Emission Trading (Trial), and the treatment shall be submitted before January 15, 2022. The Ministry of ecology and environment will verify the above work and supervise the ineffective implementation. All localities should focus on urging and guiding key emission units with gaps in quotas to do a good job in clearing and payment as soon as possible, and strengthen docking with the national carbon emission registration authority (Hubei carbon emission trading center) and the national carbon emission trading authority (Shanghai environment and energy exchange).
All localities should also pay close attention to completing the 2019-2020 quota verification and quota clearing confirmation of key emission units in the power generation industry in their administrative regions, and allocate approved quotas to key emission units through the national carbon emission right registration system. In accordance with the requirements of the notice on doing a good job in the supervision and management of data quality in the national carbon emission trading market, earnestly do a good job in the supervision and management of data quality in the national carbon market, and punish and organize rectification in strict accordance with the provisions in case of any violation such as false reporting, concealment and falsification of data. For key emission units with falsified emission data, carefully determine their emissions and payable quotas in accordance with relevant technical specifications and the principle of conservatism.
The notice also proposes that the organization is willing to use the national certified voluntary emission reduction (CCER) to offset the key emission units of carbon emission quota settlement, pay close attention to opening the general holding account of the national voluntary emission reduction registration system, and open the trading system account in the recorded greenhouse gas voluntary emission reduction trading institution, complete the purchase and apply for CCER cancellation as soon as possible.
Source: International Power Grid