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Tianjin's carbon emissions allowances ranks No. 2 in China's carbon market
Published on: 2021-07-19
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Tianjin Municipality has seen transactions for a total of 8.56 million tonnes of carbon emissions allowances in the first half of 2021, with a turnover of 253 million yuan (about $39.5 million), according to the local carbon trade exchange.
 

The city's total trading volume accounted for 23 percent of all regional carbon markets in China during the period, remaining in second place across the country, according to the Tianjin Climate Exchange.
 

Last year alone, the city's carbon market handled approximately 29.09 million tonnes of carbon emissions allowances, secondary only to southern Guangdong Province.
 

China's carbon market started with a local pilot scheme in October 2011, with local pilot projects for carbon emissions trading launched in seven municipalities and provincial-level regions -- Beijing, Tianjin, Shanghai, Chongqing, Guangdong and Hubei, and Shenzhen, which was among China's very first special economic zones in the 1980s.
 

Since 2013, the seven pilot carbon trading markets have started transactions, effectively promoting the reduction of greenhouse gas emissions by enterprises in the participating provinces and cities.
 

The cumulative trading volume of carbon market allowances in the seven trading markets reached 480 million tonnes of carbon dioxide equivalent by June 2021, with a turnover of approximately 11.4 billion yuan, according to China's Ministry of Ecology and Environment.
 

As of July 1, the 104 enterprises included in Tianjin's carbon emissions trading pilot program in eight industries – electricity and heating, steel, chemicals, petrochemicals, oil and gas exploitation, building materials, papermaking, and aviation – have completed the annual implementation of their 2020 carbon emissions trading contracts.
 

One of China's first comprehensive environmental energy trading institutions, the exchange serves as an international trading platform to promote energy conservation and emissions reduction through market-based means and financial innovation.
 

China's national carbon market started online trading on Friday morning, a significant step toward helping the country reduce its carbon footprint and meet emission targets.
 

In the first phase, over 2,000 power companies emitting more than 4 billion tonnes per year have participated, making the Chinese carbon market the world's largest in terms of the volume of greenhouse gas emissions.
 

天津有效落实碳减排碳市场履约率连续六年100%

根据《天津碳排放权交易管理暂行办法》规定和有关工作要求,本市圆满完成2020年度碳市场履约工作,连续六年履约率100%,碳减排有效落实,低碳发展势头强劲。

据介绍,2021年是天津碳市场第八个履约期。2021年1至6月,天津市配额总成交量856万吨,总成交金额2.53亿元,分别占我国区域碳市场总量的23%和23%,位居全国第二。

2020年,天津碳市场交易量达到2909万吨,位居全国第二。在这一优势基础之上,天津市不断完善交易体系和管理办法,天排所努力提高交易服务水平,充分调动试点纳入企业对碳市场履约工作的积极性,通过开展各项培训、讲座增强企业碳资产管理意识,提升天津碳市场交易活跃度。
截至2021年7月1日,纳入天津碳排放权交易试点的电力热力、钢铁、化工、石化、油气开采、建材、造纸和航空八个行业104家纳入企业(其中滨海新区43家)全部完成2020年度履约。

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