In addition to the key emitters in the carbon market, institutional investors and other entities are also looking forward to participating in the carbon market. In addition, regulators can explore other diversified trading products to improve market liquidity.
It is very important to keep the carbon market coordinated with other related policies, such as electricity market reform, energy rights trading and renewable energy electricity quota trading. If carbon price is to play its expected role and reduce emissions in an economical and effective way, we must ensure that other policies will not offset the positive role of carbon price, but should coordinate and complement it.
From the perspective of emission reduction, the key point is to understand what this market can and cannot do at this stage. Under the framework of carbon market, the allocation of emission quotas is based on the carbon intensity of power production, rather than the overall carbon emissions of enterprises, so the key incentive to create the current carbon market is to improve power generation efficiency. It has been pointed out that this has caused us to miss the opportunity to use the carbon market to stimulate the power system to switch from coal to renewable energy.
Another factor that hinders the carbon market from giving full play to its emission reduction potential is that small power producers and Dafa e-commerce companies have different benchmarks for obtaining free quotas. In the EU, the allocation of free emission quotas for power plants is based on a single standard covering the whole industry. At the beginning of the establishment of the national carbon market in China, the baseline (calculated by the carbon emission intensity during power generation) for generating units of 300 MW and below to obtain free emission quota was 65,438+00% lower than that of larger generating units. Although this may weaken the role of the carbon market in encouraging the elimination of inefficient units to a certain extent, there are considerations of uneven regional development behind this measure.
The distribution of small huxing in China is not balanced, but concentrated in some areas. In Heilongjiang in the northeast and Yunnan in the southwest, half of the installed capacity comes from small generator sets, which means that dismantling small generator sets in a short time will have a great impact on the power supply and local economy of these provinces.