By the beginning of 20 18, 42 countries and 25 municipalities directly under the central government had priced carbon through carbon emissions trading system or carbon tax. The implementation of carbon pricing has tripled in the past decade, which is nearly twice the growth trend in the past five years.

China is the country with the largest carbon emission, and none of the eight ETS pilot areas is involved, involving a total of 6543.8+300 million tons of greenhouse gas emissions, and the future market development trend will increase exponentially.

2. Pricing of carbon trading

The main reasons why the government advocates carbon trading include not only the control and improvement of national greenhouse benefits, but also the objective price of carbon. Carbon tax will soon become the main source of national key fiscal revenue.

At present, the carbon price ranges from the lowest 1 USD/ton CO2 equivalent to the highest1USD/ton CO2 equivalent, and the average price is1USD/ton CO2 equivalent. As far as the current carbon price is concerned, the total value of ETS and carbon tax has reached $82 billion in 20 18, which is 56% higher than that in 20 17. It is estimated that the future annual income will not be less than $10 billion.

Development Status of Carbon Pricing in China

Based on the CDM project in Kyoto Protocol, the current carbon trading market in China will be divided into three stages:

1, clean development mechanism stage (2002-20 1 1 year).

2. Pilot trading stage (20 1 1-20 17).

3. National trading stage (20 17 to present). By the end of 20 17, the carbon trading market in seven provinces and cities in China was very active, with the cumulative turnover of pilot carbon trading and Fujian carbon market quota of1850,000 tons.