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Don't Miss! Top 10 Double Carbon Hot Events of 2022

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The following article was written by REACH24H from "New Future of Carbon Sox".

During the 14th Five-Year Plan period, the construction of ecological civilization in China has entered a critical period in which carbon reduction is an important strategic direction, promoting the synergy of pollution and carbon reduction, and promoting the overall green transformation of economic and social development, which is also a critical period and window period for carbon peaking.

In 2022, during this critical period, national and local governments are actively promoting dual carbon work in various fields, improving top-level design and implementing safeguard measures, and many hot spots such as dual carbon technologies, products and services have emerged.

Today, I'll bring you a list of the top 10 double carbon hotspots not to be missed in 2022!

01 provinces and municipalities to introduce policies to improve the "1 + N" policy system

The "1" in the "1+N" policy system is the "Opinions on Complete and Accurate Implementation of the New Development Concept and Carbon Neutral Work" and the "Carbon Neutral Action Plan by 2030" released in 2021, which provides the dual carbon strategy for China. guiding ideology and top-level design.

The "N" in the "1+N" policy system is the implementation plan of key areas and industries and related support and guarantee programs, including the implementation plan of key areas such as energy, industry and transportation, the implementation plan of key industries such as iron and steel, non-ferrous metals and petrochemical and chemical industries, and the support and guarantee programs of science and technology, financial support and statistical accounting. The "N" policy system is the implementation plan of key areas and key industries, including the implementation plan of energy, industry, transportation and other key areas, the implementation plan of iron and steel, non-ferrous metals, petrochemical and chemical industries, the support plan of science and technology, financial support, statistics and accounting, and the implementation plan of carbon peaking in each province, region and city.

In 2022, Anhui Province, Beijing, Guizhou Province, Hainan Province, Ningxia Autonomous Region, Hunan Province, Jilin Province, Liaoning Province, Inner Mongolia Autonomous Region, Qinghai Province, Shanghai Municipality, Tianjin City and many other provinces and cities have followed the national pace and formulated and released regional, industry and field carbon peak implementation plans and safeguard policies, which have exceeded 70. The "1+N" policy system has been further improved to effectively guarantee the implementation of the dual carbon strategy.

02 Establishment of a unified and standardized carbon emission statistics and accounting system

Measurement and standards are the important guarantee for the scientific development of carbon peaking and carbon neutral work, the important support for the realization of green and low-carbon transformation of economy and society, the important foundation for the good accounting of carbon emission statistics, and the important premise for enterprises to carry out carbon emission statistics independently.

On October 31, 2022, in order to support China's carbon peak carbon neutral goal, the General Administration of Market Regulation, together with the National Development and Reform Commission and other nine departments, jointly issued the "Establishment of a sound carbon peak carbon neutral standard measurement system implementation plan", clearly by 2025, the carbon peak carbon neutral standard measurement system is basically established; by 2030, the carbon peak carbon neutral standard measurement system is more sound; by 2060, the More advanced technology level, more prominent management effectiveness, more efficient service capacity, leading the international carbon neutral standard measurement system is fully completed.

03 Carbon market is running smoothly, the mechanism of emission reduction is showing results

Since 2011, China has carried out carbon emission trading pilot projects in Beijing, Tianjin and Shanghai to explore and accumulate experience for the establishment of a national carbon market.

On July 16, 2021, the national carbon market officially launched online trading, covering about 4.5 billion tons of carbon dioxide emissions annually, leaping to become the world's largest carbon market covering carbon emissions. Compared with the traditional administrative means to promote carbon emission reduction, the carbon market gives full play to the role of market allocation of resources through the quota management system, promotes enterprises to strengthen carbon emission management, and uses the market to discover a reasonable carbon price, providing flexible options for enterprises to reduce carbon emissions.

As of December 22, 2022, the cumulative turnover of the national carbon emission trading market exceeded the 10 billion yuan mark, with a cumulative turnover of 223 million tons of carbon emission allowances and a cumulative turnover of 10.121 billion yuan. While the trading market has achieved smooth operation and healthy development, it has also played a pivotal role in promoting greenhouse gas emission reduction in enterprises and strengthening the awareness of low-carbon development in all sectors of society, demonstrating China's determination to actively implement the "double carbon" goal.

04 Carbon market compliance demand CCER restart in sight

CCER, known as China Certified Emission Reduction, refers to the greenhouse gas emission reduction effect of renewable energy, forestry carbon sink, methane utilization and other projects in China, which is quantified and certified and registered in the national greenhouse gas voluntary emission reduction registration system.

Under the national carbon/local carbon market mechanism, enterprises can purchase CCERs to offset part of their carbon allowance clearances, and cumulatively use about 32.73 million tons of CCERs for allowance offsets in the first compliance cycle of the carbon market, bringing about RMB 980 million for the owners of voluntary emission reduction projects or related market entities.

The acceptance of CCER filing was suspended in 2017, but with the opening of the national carbon market in 2021, the call for CCER restart is getting louder. At a regular press conference of the Ministry of Ecology and Environment in October 2022, Li Gao, director of the Department of Climate Change of the Ministry of Ecology and Environment, said that the top-level system design work related to the voluntary emission reduction trading market has been accelerated, and a voluntary greenhouse gas emission reduction trading market with Chinese characteristics will be launched as soon as possible.

05 pollution reduction and carbon synergy carbon emissions into the EIA control

In early January 2021, the Ministry of Ecology and Environment (MOE) organized and formulated the "Guidance on Coordinating and Strengthening Efforts Related to Climate Change Response and Ecological Environmental Protection", which clarified the main areas and key tasks of coordinating and strengthening climate change response and ecological environmental protection. The state and 11 provincial and municipal governments, including Zhejiang, Hainan, Shaanxi and Hebei, have successively issued policy requirements for incorporating carbon emission evaluation into EIA, and organized a series of pilot projects.

In December 2022, the Ministry of Ecology and Environment issued the "Notice on the Issuance of Principles for the Approval of Environmental Impact Assessment Documents for Construction Projects in Four Industries: Steel/Coking, Modern Coal Chemical, Petrochemical, and Thermal Power", which added greenhouse gas emission requirements to the EIA approval - the need to carry out carbon emission evaluation work on construction projects, accounting for carbon emissions, and Encourage the application of advanced technologies to limit the increase of carbon emissions from the source through the EIA system to achieve synergistic effect of pollution reduction and carbon reduction.

06 EU new battery law revision carbon footprint imperative

In December 2020, to ensure the sustainability and safety of batteries on the EU market throughout their life cycle, the EU published a draft EU Battery and Waste Battery Regulation (the "New Battery Law"), which intends to repeal the current EU Battery Directive (2006/66/EC).

At present, Europe is the largest destination of China's lithium battery exports, it is foreseeable that the "new battery law" will have a huge impact on China's battery export enterprises in Europe.

December 2022, the EU Council and the EU Parliament reached a provisional agreement on the regulation on December 9, which means that the next step towards formal approval is getting closer. According to the agreement, the New Battery Law will apply to all types of batteries sold in the EU market and sets out requirements in the areas of battery carbon footprint, recycling rates, and digital passports.

07 EU carbon tariff dust settles 23 years to start implementation

In order to achieve the goal of reducing greenhouse gas emissions by 50% by 2030 compared to 1990 and to prevent carbon leakage, the European Commission proposed to establish the EU Carbon Border Adjustment Mechanism (CBAM), commonly known as the EU carbon tariff.

As the EU's largest trading partner, the green trade barriers brought by the EU's carbon tariffs will undoubtedly have an impact on China's exports of high-carbon industries.

In December 2022, the EU Parliament, the EU Council and the EU Commissioners held tripartite talks to finalize the timing of the introduction of CBAM and its accompanying free quota during the levy period, and thus the CBAM dust settled.

CBAM transition period from October 1, 2023 to January 1, 2026, with levy sectors covering steel, cement, fertilizer, aluminum, electricity and hydrogen, with companies reporting 1/2 of the scope of emissions; carbon tariffs to begin after 2026, with coverage expanded to other commodities based on assessment.

08 product carbon labeling hot national implementation of the pilot

Product carbon footprint refers to the various GHG emissions of a product throughout its life cycle, i.e., from raw materials through all stages of production (or provision of services), distribution, use, and disposal/recycling.

Product carbon footprint labeling is in the form of labeling on the product packaging to indicate the product's carbon footprint, at present, China has not yet formed a unified product carbon footprint labeling certification system.

With the further development of China's response to climate change, the "low-carbon concept" has been fully promoted. As a concrete implementation body of energy-saving and emission reduction policies, whether enterprises evaluate the carbon footprint of their products or services has become a hot issue of global concern.

In 2022, national ministries and commissions released the "14th Five-Year Plan for Scientific and Technological Innovation in the Field of Ecology and Environment", "14th Five-Year Plan for the Development of Certification, Accreditation, Inspection and Testing" and "Program for Accelerating the Establishment of a Unified and Standardized Carbon Emissions Statistics and Accounting System", which are dedicated to exploring the establishment of a carbon labeling system system to guide consumers to choose low-emission products and services and force the whole industry chain to reduce emissions.

At present, Tianjin, Chongqing, Jiangsu Province and other super 7 places have carried out carbon label construction, pilot work.

09 to promote the transformation and upgrading of consumption vigorously promote green low-carbon products

In early 2022, in order to promote green consumption in China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce and other departments jointly issued the "Implementation Plan for Promoting Green Consumption", proposing that by 2025, the concept of green consumption will be deeply rooted in people's hearts, and the market share of green and low-carbon products will be significantly increased; by 2030, green consumption methods will become a conscious choice of the public, and green and low-carbon products will become the mainstream of the market.

To protect the implementation of the "Implementation Plan to Promote Green Consumption", Jiangsu Province, Shanxi Province and other six provinces and municipalities have issued local implementation plans, and the provinces and municipalities have introduced relevant subsidy policies for green low-carbon products can provide hundreds of thousands of incentives.

At present, the main domestic green low-carbon product-related systems are: green design products, green products, low-carbon products, zero-carbon products and so on. Enterprises can apply or certify according to product categories and characteristics to achieve the purpose of connecting consumers with low carbon and expanding the green consumer market.

10ESG market heats up to help low-carbon and sustainable development

ESG represents a set of evaluation dimensions and indicators related to environmental, social, and governance, and is primarily used to measure corporate sustainability.

ESG involves practice, reporting, rating and investment, among which ESG reporting is an important way for companies to disclose their sustainable development. With the global carbon reduction action, companies' response to climate change has become the focus of disclosure and attention in ESG reports.

In the post-epidemic era, the global economy is gradually recovering, and "sustainable development" and "carbon reduction" have injected new impetus into the economy, while the frequent climatic disasters have made the world more concerned about climate change. At the same time, frequent climatic disasters have increased global concern about climate change, and countries around the world are committed to finding a balance between economy and environment to achieve sustainable development.

By the end of 2022, more than 5,000 investment institutions worldwide will have signed the PRI, which advocates considering the ESG risks and opportunities of the subject matter when investing; in 2022, China's ESG market will accelerate its development, and the number of ESG-related policies and group standards will explode, such as the "Fourteenth Five-Year Plan for Financial Standardization In 2022, China's ESG market will accelerate and the number of ESG-related policies and standards will explode, such as the "14th Five-Year Plan for Financial Standardization", "Corporate ESG Disclosure Guidelines" and "Corporate ESG Evaluation System".

At present, besides ESG reports, there are also CDP questionnaires, EcoVadis, M2030, etc. The disclosure methods have different focuses, but they are all widely recognized and common internationally, and are important tools for companies to communicate effectively with consumers and investors, and to manage the sustainable development of suppliers.