It is expected that the carbon price in the national carbon trading market will rise steadily
2023/7/20
The survey was supported by the Environmental Protection Agency and the Energy Foundation, and implemented by ICF International Consulting. The survey was launched at the end of 2022, and collected a total of 465 stakeholders' views on the current situation of China's carbon market and their expectations for the future, aiming to provide reference for relevant decision-making departments and market participants in the carbon market.
July 16, 2023 is the second anniversary of China's power industry being officially included in the National Carbon Emissions Trading System (ETS), and its greenhouse gas emissions will be controlled and traded online. This date symbolizes another milestone in the construction of China's carbon emissions trading system in regional pilot exploration, greenhouse gas emission verification and adjustment of allowance allocation rules.
For the past decade, the China Carbon Price Survey has been tracking the perceptions and expectations of market participants and experts. According to the report, we found that with the development of the market, more and more Chinese companies have begun to incorporate the cost of carbon emissions into their daily business decision-making considerations.
Wang Shu, director of climate change at ICF International Consulting Company, said that with the continued implementation of market-based solutions to environmental protection issues and mitigation of climate change, the carbon price survey conducted by ICF quantified the positions and expectations of market participants.
The report found that the impact of carbon emissions trading on investment decisions will gradually expand. Respondents expect carbon prices to significantly increase their impact on investment decisions by 2030. About four-fifths of respondents to this question expect their companies' investment decisions to be at least moderately affected by 2025. Only 6% of respondents who answered this question expected that their company's investment decisions would not be affected even by 2025.
84% of the respondents in this survey are from emission control companies. Among them, the power generation industry accounted for the highest proportion (38%), followed by construction materials (21%), steel (13%), chemicals (5%), non-ferrous metals (3%) and petrochemicals (3%). In terms of experience in participating in the carbon market, 49% of the respondents' companies have been included in the local or national carbon market.
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