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The incentive effect of the carbon market is beginning to show, and the green industry is expanding rapidly
2023/8/17
As an important policy tool to achieve the "dual carbon" goal, the national carbon emission trading market has been in operation for two years. Although the current national carbon market only includes more than 2,000 key emission companies in the power industry, the steadily rising carbon price and the active preparations for industries including building materials and steel have sent a strong signal to the society for green transformation and development, and the market incentive effect has also promoted The rapid expansion of green industries including photovoltaics and hydrogen energy has become the "engine" driving a new round of urban economic growth.
The price of carbon is rising steadily
On July 16, 2021, the national carbon market officially launched transactions in Shanghai after many years of preparation. It has been two years since the data shows that as of August 10, the cumulative trading volume of the national carbon market was 242 million tons, and the cumulative transaction value was 11.157 billion The closing price of the market on that day was 69.52 yuan per ton, an increase of more than 30% compared to around 52 yuan per ton at the beginning of the market opening.
Lai Xiaoming, chairman of Shanghai Environment and Energy Exchange, analyzed that since the opening of the national carbon market, the market has generally shown obvious characteristics such as performance-based transactions and stable but rising prices. On the one hand, since the market opened, there have been transactions on every trading day, but the transaction volume is mainly concentrated at the end of the year, especially in November and December, where the market transaction volume accounts for nearly 90%. On the other hand, the price of the carbon market rises as the performance of the contract approaches, and the follow-up market generally operates smoothly, and the activity of market participation is highly consistent with the performance period.
Statistics show that up to now, all provinces and cities across the country have key emission units participating in the national carbon market transactions. The cumulative number of companies participating in transactions exceeds half of the total number of key emission units, and nearly 70% of key emission units have participated in transactions for many times. "After 2 years of operation and development, the role of the national carbon market price discovery mechanism has initially emerged, the awareness and ability of enterprises to reduce emissions have been effectively improved, and it has played a positive role in promoting low-cost emission reductions. window." Lai Xiaoming said.
Zhang Junjie, Chief Economist of the Green Finance 60 Forum, believes that from the perspective of the emission reduction attributes of the carbon market, the national carbon market achieves the initial goal of carbon emission reduction in the power generation industry by limiting the emission intensity of the power generation industry, and forms a carbon emission reduction in the carbon quota trading. It also provides a price signal for the low-carbon transformation of the whole society.
In the opinion of industry experts, although there is still a large gap between the carbon price in the domestic market and Europe and other places, the current market carbon price is suitable for the current stage of development. "The carbon price is determined by many factors, one of which is the cost of emission reduction." Xu Huaqing, director of the National Center for Climate Change Strategy and International Cooperation, believes that China's current carbon price reflects China's current ability to accept the cost of emission reduction. It is a carbon price formed under different development stages and different emission reduction goals. China's carbon price is reasonable. It is obviously impossible for China's carbon price to be consistent with the EU's carbon price at present, and a development process is still needed.
The low-carbon wind "blown" into various industries
In the opinion of industry experts, with the launch of the national carbon market, more and more signals of emission reduction and green development have been transmitted, and it has become a concerted action for major emission industries to increase emission reduction and promote transformation and development. In the petrochemical industry, although the transformation is facing great challenges, it is necessary to maximize the greening of electricity, accelerate the transformation from "grey hydrogen" to "green hydrogen", and increase the number of projects such as carbon dioxide reuse. Get on the horse" starts.
"The carbon market is expanding from local pilots to the national market. At the same time, the included companies are also expected to gradually expand from electric power to industries including building materials and petrochemicals. Related industries are constantly stepping up preparations." Zhang Junjie believes that the carbon market not only promotes energy conservation and carbon reduction, but also encourages Low carbon innovation.
According to data from Tianyancha, the number of enterprises in the hydrogen energy industry known as "ultimate energy" has grown rapidly. By mid-June, there were more than 3,060 hydrogen energy-related enterprises, of which more than 580 newly registered enterprises will be registered in 2022. Newly registered companies have increased by 24.8%. From January to May 2023, there will be more than 130 newly registered companies.
"Every word must talk about green, and every line of business is planning for low-carbon transformation." As an industrial economics researcher, Cheng Wei, a senior consultant of a consulting company, expressed emotion. With the strong signal of green development sent by the carbon price, if you do not pay attention to the industry, the technology is feasible The path and market potential for industry consulting can no longer keep up with the "rhythm" of customers, let alone lead the industry trend.
Green investment becomes a new engine of urban economy
"Carbon emissions have costs, but carbon reduction has benefits." This concept also encourages emerging industries including photovoltaics and hydrogen energy to usher in a period of explosive growth. With the development of related "green industries", the urban economy is also accelerating its "reshaping".
"Follow the light" is a "hot word" in the capital market this year, which means that in order to catch up with the pace of development of the photovoltaic industry, some companies continue to enter the market across borders, and it has almost become a routine action for many companies. Statistics from some organizations show that since the beginning of this year, at least nearly 70 listed companies have entered the photovoltaic industry across borders, involved in the upstream silicon materials, batteries, modules and other links of the photovoltaic industry. Some new technologies include heterojunction, perovskite, etc. Mine, etc. are also accelerating iterations driven by capital.
In fact, with the significant growth of the global photovoltaic market in recent years, photovoltaic products, new energy vehicles, and lithium-ion batteries have become the "three new products" of my country's exports. According to data released by the Ministry of Commerce, in the first half of this year, the total export of the "three new products", including solar cells, increased by more than 60%. Among them, the export value of the photovoltaic industry reached 28.92 billion US dollars, a year-on-year increase of 12%, becoming a new growth point of trade.
According to industry experts, although the current market is also worried that rapid expansion of production may lead to overcapacity in the industry, it is an indisputable fact that industries such as photovoltaics have become new growth points for investment. Statistics from some organizations show that in the first half of this year, there were more than 150 investment expansion projects in the photovoltaic industry alone, with a cumulative investment of nearly one trillion yuan. In addition to wind, solar and hydrogen storage integration projects, the investment scale exceeded one trillion yuan.
Qujing City, Yunnan Province, a city that is not well known outside Yunnan Province, has benefited from the rapid development of photovoltaic and other green industries. In 2022, Qujing will rise by 10 places in the ranking of the top 100 GDP cities nationwide, ranking 79th. In the first half of 2023, its GDP will grow by 7.5% year-on-year, which is 2.4 percentage points higher than the GDP growth of Yunnan Province. In fact, Qu Jing only "broke into" the top 100 for the first time in 2020.
The price of carbon is rising steadily
On July 16, 2021, the national carbon market officially launched transactions in Shanghai after many years of preparation. It has been two years since the data shows that as of August 10, the cumulative trading volume of the national carbon market was 242 million tons, and the cumulative transaction value was 11.157 billion The closing price of the market on that day was 69.52 yuan per ton, an increase of more than 30% compared to around 52 yuan per ton at the beginning of the market opening.
Lai Xiaoming, chairman of Shanghai Environment and Energy Exchange, analyzed that since the opening of the national carbon market, the market has generally shown obvious characteristics such as performance-based transactions and stable but rising prices. On the one hand, since the market opened, there have been transactions on every trading day, but the transaction volume is mainly concentrated at the end of the year, especially in November and December, where the market transaction volume accounts for nearly 90%. On the other hand, the price of the carbon market rises as the performance of the contract approaches, and the follow-up market generally operates smoothly, and the activity of market participation is highly consistent with the performance period.
Statistics show that up to now, all provinces and cities across the country have key emission units participating in the national carbon market transactions. The cumulative number of companies participating in transactions exceeds half of the total number of key emission units, and nearly 70% of key emission units have participated in transactions for many times. "After 2 years of operation and development, the role of the national carbon market price discovery mechanism has initially emerged, the awareness and ability of enterprises to reduce emissions have been effectively improved, and it has played a positive role in promoting low-cost emission reductions. window." Lai Xiaoming said.
Zhang Junjie, Chief Economist of the Green Finance 60 Forum, believes that from the perspective of the emission reduction attributes of the carbon market, the national carbon market achieves the initial goal of carbon emission reduction in the power generation industry by limiting the emission intensity of the power generation industry, and forms a carbon emission reduction in the carbon quota trading. It also provides a price signal for the low-carbon transformation of the whole society.
In the opinion of industry experts, although there is still a large gap between the carbon price in the domestic market and Europe and other places, the current market carbon price is suitable for the current stage of development. "The carbon price is determined by many factors, one of which is the cost of emission reduction." Xu Huaqing, director of the National Center for Climate Change Strategy and International Cooperation, believes that China's current carbon price reflects China's current ability to accept the cost of emission reduction. It is a carbon price formed under different development stages and different emission reduction goals. China's carbon price is reasonable. It is obviously impossible for China's carbon price to be consistent with the EU's carbon price at present, and a development process is still needed.
The low-carbon wind "blown" into various industries
In the opinion of industry experts, with the launch of the national carbon market, more and more signals of emission reduction and green development have been transmitted, and it has become a concerted action for major emission industries to increase emission reduction and promote transformation and development. In the petrochemical industry, although the transformation is facing great challenges, it is necessary to maximize the greening of electricity, accelerate the transformation from "grey hydrogen" to "green hydrogen", and increase the number of projects such as carbon dioxide reuse. Get on the horse" starts.
"The carbon market is expanding from local pilots to the national market. At the same time, the included companies are also expected to gradually expand from electric power to industries including building materials and petrochemicals. Related industries are constantly stepping up preparations." Zhang Junjie believes that the carbon market not only promotes energy conservation and carbon reduction, but also encourages Low carbon innovation.
According to data from Tianyancha, the number of enterprises in the hydrogen energy industry known as "ultimate energy" has grown rapidly. By mid-June, there were more than 3,060 hydrogen energy-related enterprises, of which more than 580 newly registered enterprises will be registered in 2022. Newly registered companies have increased by 24.8%. From January to May 2023, there will be more than 130 newly registered companies.
"Every word must talk about green, and every line of business is planning for low-carbon transformation." As an industrial economics researcher, Cheng Wei, a senior consultant of a consulting company, expressed emotion. With the strong signal of green development sent by the carbon price, if you do not pay attention to the industry, the technology is feasible The path and market potential for industry consulting can no longer keep up with the "rhythm" of customers, let alone lead the industry trend.
Green investment becomes a new engine of urban economy
"Carbon emissions have costs, but carbon reduction has benefits." This concept also encourages emerging industries including photovoltaics and hydrogen energy to usher in a period of explosive growth. With the development of related "green industries", the urban economy is also accelerating its "reshaping".
"Follow the light" is a "hot word" in the capital market this year, which means that in order to catch up with the pace of development of the photovoltaic industry, some companies continue to enter the market across borders, and it has almost become a routine action for many companies. Statistics from some organizations show that since the beginning of this year, at least nearly 70 listed companies have entered the photovoltaic industry across borders, involved in the upstream silicon materials, batteries, modules and other links of the photovoltaic industry. Some new technologies include heterojunction, perovskite, etc. Mine, etc. are also accelerating iterations driven by capital.
In fact, with the significant growth of the global photovoltaic market in recent years, photovoltaic products, new energy vehicles, and lithium-ion batteries have become the "three new products" of my country's exports. According to data released by the Ministry of Commerce, in the first half of this year, the total export of the "three new products", including solar cells, increased by more than 60%. Among them, the export value of the photovoltaic industry reached 28.92 billion US dollars, a year-on-year increase of 12%, becoming a new growth point of trade.
According to industry experts, although the current market is also worried that rapid expansion of production may lead to overcapacity in the industry, it is an indisputable fact that industries such as photovoltaics have become new growth points for investment. Statistics from some organizations show that in the first half of this year, there were more than 150 investment expansion projects in the photovoltaic industry alone, with a cumulative investment of nearly one trillion yuan. In addition to wind, solar and hydrogen storage integration projects, the investment scale exceeded one trillion yuan.
Qujing City, Yunnan Province, a city that is not well known outside Yunnan Province, has benefited from the rapid development of photovoltaic and other green industries. In 2022, Qujing will rise by 10 places in the ranking of the top 100 GDP cities nationwide, ranking 79th. In the first half of 2023, its GDP will grow by 7.5% year-on-year, which is 2.4 percentage points higher than the GDP growth of Yunnan Province. In fact, Qu Jing only "broke into" the top 100 for the first time in 2020.
According to reports, the development of two 100-billion-level industries has injected vitality into Qujing's economy. Data show that in the first half of 2023, the green silicon photovoltaic industry in Qujing City will increase by 67.9% year-on-year, and the new energy battery industry will increase by 53.1% year-on-year. "The "new content" continues to increase. "The green and low-carbon transition is not a 'burden', but a 'new engine' to drive economic and social development." In Cheng Wei's view.
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