Ten key tasks! Shenzhen issues carbon trading implementation plan to support carbon peak and carbon neutrality

The "Plan" proposes that by 2025, Shenzhen will fully consider the city's carbon peak carbon neutrality requirements, scientifically and rationally link the total carbon market quota with the city's total carbon emission control, and continue to Expand the coverage of the carbon market and create a standardized, orderly, open and transparent market environment. Complete the establishment of service platforms such as Shenzhen’s carbon inclusiveness and carbon market unified management platform, improve the data information management system, and provide high-quality support for the Shenzhen carbon trading market to be the first to demonstrate nationwide.

By 2030, the carbon trading system and mechanism will be further improved, the carbon trading effect will be more significant in supporting carbon peak and carbon neutrality, and the total carbon market quota control will be fully implemented, helping Shenzhen to build a city that leads the way in sustainable development. The sustainable development of a global green and low-carbon city ensures that carbon peaks are achieved as scheduled and vigorously promotes Shenzhen on a new journey on the road to carbon neutrality.

　The original text is as follows↓

Shenhuan [2023] No. 256

Relevant units:

The "Shenzhen Carbon Trading Implementation Plan to Support Carbon Peaking and Carbon Neutralization" has been approved by the city's carbon peaking and carbon neutrality work leading group and is now issued to you. Please organize and implement it carefully.

Hereby notified.

Shenzhen Municipal Ecological Environment Bureau

November 24, 2023

In order to thoroughly implement the spirit of the 20th National Congress of the Communist Party of China, implement the major strategic decisions and arrangements of the Party Central Committee and the State Council on carbon peak and carbon neutrality, and the work arrangements of the provincial party committee and provincial government, in accordance with the requirements of the "Shenzhen Carbon Peak Implementation Plan", fully This implementation plan is formulated to give full play to the role of the market mechanism of carbon trading in promoting the green and low-carbon transformation of society and to help Shenzhen achieve peak carbon neutrality.

By 2025, fully consider the city’s carbon peak carbon neutrality requirements, and be scientific and reasonable Link the total amount of carbon market quotas to the city's total carbon emission control, continue to expand the coverage of the carbon market, and create a standardized, orderly, open and transparent market environment. Complete the establishment of service platforms such as Shenzhen’s carbon inclusiveness and carbon market unified management platform, improve the data information management system, and provide high-quality support for the Shenzhen carbon trading market to be the first to demonstrate nationwide.

By 2030, the carbon trading system and mechanism will be further improved, the carbon trading effect will be more significant in supporting carbon peak and carbon neutrality, and the total carbon market quota control will be fully implemented, helping Shenzhen to build a city that leads the way in sustainable development. The sustainable development of a global green and low-carbon city ensures that carbon peaks are achieved as scheduled and vigorously promotes Shenzhen on a new journey on the road to carbon neutrality.

2. Key tasks

(1) Control the total amount of carbon emissions

1. Reasonably set the total carbon emissions target for the carbon market. Strengthen the leading role of the total carbon emission control target, and gradually implement the absolute total control system of the Shenzhen carbon market in line with the city's carbon peak target. Except for key emission units that are newly added or moved out of the control scope in the current year, we will strive to achieve no growth in the total annual quotas in the carbon market starting from 2027, and to achieve a stable but declining total annual quota in the carbon market after 2030. Explore and carry out carbon budget management of key emission units. (Responsible units: Municipal Ecological Environment Bureau, Development and Reform Commission)

2. Take the lead in promoting dual control of carbon emission intensity and total volume. Research and formulate a scientific and reasonable dual control system for carbon emission intensity and total amount of key emission units (hereinafter referred to as "dual carbon emission control"), promote industries with relatively stable product production capacity to take the lead in using dual carbon emission control methods to determine quota allocations, and guide key emissions Units will transition from single reduction control of carbon emission intensity to dual control of carbon emissions, and promote the city's transition from dual control of energy consumption and intensity of carbon emissions.Transform from degree control to dual control of carbon emissions. Strive to realize that by 2028, the Shenzhen carbon market manufacturing industry will basically adopt the dual carbon emission control method to carry out quota allocation work. (Responsible units: Municipal Ecological Environment Bureau, Development and Reform Commission)

3. Improve the quota allocation plan and market adjustment mechanism. Improve the scientificity and rationality of quota allocation methods, study and formulate annual quota allocation plans, and timely increase the proportion of paid allocation quotas in the total annual quotas of key emission units; study the establishment of quota reserves based on factors such as market flow quota volume and market price Mechanism, promulgate supporting operating rules, and improve the supply elasticity of the carbon market. Research and formulate a stable adjustment mechanism for the Shenzhen carbon market, and strive to achieve a significant improvement in market adjustment capabilities by 2030. (Responsible unit: Municipal Ecological Environment Bureau)

4. Improve the market performance offset mechanism. Strengthen the connection between the carbon market and the voluntary emission reduction mechanism, enrich and improve certified voluntary emission reduction products, improve the carbon market performance offset mechanism, and rationally set up Shenzhen carbon inclusive certified emission reductions, national certified voluntary emission reductions and economic Other certified emission reductions approved by the municipal ecological environment department can be used to offset the performance of key emission units, and explore the use of carbon dioxide emission reductions corresponding to green power trading (different from other voluntary emission reduction mechanisms such as national certified voluntary emission reductions). Duplicate verification part) is included in the Shenzhen carbon trading market’s compliance supplementary mechanism. Encourage key emission units to give priority to purchase Shenzhen carbon inclusive certified emission reductions that meet the requirements of the municipal ecological environment department, and fully mobilize the enthusiasm of the whole society to participate in ecological and environmental protection. (Responsible unit: Municipal Ecological Environment Bureau)

　(2) Promote the green and low-carbon transformation of industries

　5. Vigorously support green and low-carbon industries. For key emission units that comply with Shenzhen's green and low-carbon industry guidance catalog, appropriate support will be provided when determining the annual quota plan, and carbon emission monitoring, quantification, verification, low-carbon certification, consultation, training, carbon emission reduction assessment, and carbon footprint will be vigorously promoted. development of carbon management service industries such as assessment, carbon financial services, and carbon asset trading. (Responsible units: Municipal Ecological Environment Bureau, Development and Reform Commission, Market Supervision Bureau, Local Financial Supervision Bureau)

　6. Promote the elimination of backward product production capacity with high emissions and low added value. Screen key emission units whose carbon emission intensity is higher than the industry average, and promote the research and development and application of green and low-carbon technologies by enterprises lagging behind in carbon emission reduction through quota allocation management and other means, and optimize and upgrade product production capacity. (Responsible units: Municipal Ecological Environment Bureau, Science and Technology Innovation Commission, Industry and Information Technology Bureau)

(3) Promote energy conservation and carbon reduction in key areas

7. Promote the inclusion of major new project entities into carbon market control. Give full play to the role of source prevention and control and implement carbon emission assessments for major new projectsImpact analysis, quantifying the carbon emission levels of major new projects, assessing the compliance and practicality of including major new projects into carbon market control, and promptly including major new project entities that meet the control requirements and have been completed and put into production into the carbon market for control. (Responsible units: Municipal Ecological Environment Bureau, Development and Reform Commission, Industry and Information Technology Bureau, Housing Construction Bureau, Transportation Bureau)

8. Promote low-carbon development of industry through carbon trading. Encourage the integrated development of digitalization, intelligence and greening of key emission units in the industrial sector, promote the low-carbon recycling transformation of enterprises and parks and the use of non-fossil energy such as distributed photovoltaics, and set industrial priorities by industry in accordance with the principle of "rewarding the good and punishing the bad" Differentiated annual reduction targets for emission units will promote the green transformation of key emission units with higher emission levels in the industry. (Responsible units: Municipal Ecological Environment Bureau, Industry and Information Technology Bureau, Development and Reform Commission)

　9. Actively promote the inclusion of the construction sector into carbon market control. Research and clarify the ways in which the construction sector can be included in carbon market control. Carry out carbon emission accounting for key service industries such as large supermarkets, hotels, public institutions, and data centers, and gradually incorporate them into the scope of carbon market control based on the maturity of industry management to give full play to carbon emissions. The trading market tool functions to promote building entities or owners to carry out building energy conservation and carbon reduction work such as contract energy management projects. (Responsible units: Municipal Ecological Environment Bureau, Housing Construction Bureau, Development and Reform Commission, Industry and Information Technology Bureau, Commerce Bureau, Culture, Radio, Television, Tourism and Sports Bureau, Institutional Affairs Management Bureau)

　10. Explore and expand the coverage of the carbon market in the transportation sector. According to the operational characteristics of different types of enterprises in the transportation industry, expand the coverage of key emission units in the transportation field, study and formulate scientific and standardized carbon emission accounting and quota setting methods, and lay a solid foundation for more transportation companies to participate in carbon market transactions. (Responsible units: Municipal Ecological Environment Bureau, Transportation Bureau, Public Security Bureau Traffic Police Station)

(4) Inspire the whole people to practice low-carbon concepts

11. Accelerate the construction of Shenzhen’s carbon inclusive system. Enrich and improve the low-carbon scenario system, improve relevant institutional standards and methodology systems, formulate emission reduction and carbon point redemption rules, form guidelines for the creation of carbon inclusive scenarios, and explore connections with the product carbon footprint label certification system. Encourage various entities to develop inclusive carbon benefit applications based on the public's low-carbon behavior under the overall guidance of the competent authorities, promote Shenzhen's carbon inclusive certified emission reductions to be used in key emission units' carbon market compliance in accordance with the rules, and promote the inclusive carbon benefit system Achieve interconnection with the carbon market and encourage society to actively carry out inclusive carbon innovation. Encourage and guide large-scale activities, organizations and individuals to purchase carbon inclusive certified emission reductions for carbon neutral offsets. We will strive to release 15 carbon inclusive methodologies and register 20 carbon inclusive scenarios by 2030. (Responsible units: Municipal Ecological Environment Bureau, MarketSupervision Bureau)

12. Explore the opening of public welfare carbon accounts. Encourage organizations and individuals to open public welfare carbon accounts and offset carbon emissions by purchasing certified emission reductions to achieve carbon neutrality for organizations and individuals. Explore corporate carbon accounts and personal carbon accounts based on public welfare nature, calculate and record emission reduction behavior data, carbon emission behavior data and carbon offset and carbon neutrality. (Responsible units: Municipal Ecological Environment Bureau, Shenzhen Branch of the People's Bank of China)

　(5) Guide and improve the ability to increase carbon sinks

　13. Accelerate the establishment of an ecological product value realization mechanism to carry out marine carbon sink trading. Gradually strengthen the supporting monitoring system for the Shenzhen marine carbon sink monitoring pilot, and study and formulate methods for calculating the value of marine system ecological products. Innovate ways to realize the value of marine ecosystems and their products, promote the development of marine and other carbon sink projects, promote the establishment of a marine carbon sink trading system, and carry out marine carbon sink transactions. Guide social capital to participate in ecological protection, restoration and subsequent industrial development, support social capital in carrying out ecological industrialization operations relying on high-quality natural resources such as the ocean, and promote the development of the marine industry. Encourage multiple paths to realize the value of ecological products, and explore the establishment of a public participation mechanism for the realization of the value of ecological products. (Responsible units: Municipal Planning and Natural Resources Bureau, Development and Reform Commission, Ecological Environment Bureau, Shenzhen Emissions Exchange)

　14. Explore the establishment of a carbon sink ecological compensation mechanism. Guide and support the development of carbon sink projects in Shenzhen's counterpart assistance areas, areas rich in carbon sink resources such as forests and oceans, and encourage projects to apply for certified emission reductions. Formulate a mechanism plan to realize off-site ecological compensation through the introduction of off-site carbon sink project transactions. (Responsible units: Municipal Ecological Environment Bureau, Planning and Natural Resources Bureau, Rural Revitalization and Collaboration and Exchange Bureau)

(6) Strengthening carbon finance innovation and promotion

15. Improve climate investment and financing mechanisms to provide enterprises with climate project financing. We will do a good job in reforming the climate investment and financing mechanism and establish a national (Shenzhen) climate investment and financing project database. Extensively collect climate projects that meet the storage standards among key emission units in the carbon market, guide the Shenzhen Green Low-Carbon Climate Investment Fund to raise social funds to invest in storage projects, and carry out climate-friendly projects such as energy conservation, carbon reduction, and environmental protection for key emission units. Provide financial support. (Responsible units: Municipal Ecological Environment Bureau, Futian District People's Government, People's Bank of China Shenzhen Branch, State Financial Supervision Bureau Shenzhen Supervision Bureau, Shenzhen Emissions Exchange)

　16. Continuous promotion Carbon financial product innovation. Establish and improve the carbon finance standard system. Promote the large-scale application of carbon asset pledge financing, repurchase transactions and other products, and support the development of carbon financial products such as energy-saving and carbon-reducing innovative technology loans, carbon bonds, carbon funds, green financial leasing, and green insurance. drumFinancial institutions are encouraged to develop personal carbon accounts, carbon points and other carbon inclusive application scenarios, and develop innovative carbon inclusive financial products and services. Research ways to connect financial products and product carbon footprints, and encourage companies to carry out green and low-carbon technology research and development and investment. Promote Shenzhen financial institutions and other green financial service institutions to participate deeply in the research of international green finance standards. (Responsible units: Municipal Local Financial Supervision Bureau, People’s Bank of China Shenzhen Branch, State Financial Supervision Bureau Shenzhen Supervision Bureau, Shenzhen Emissions Exchange)

　17. Explore the establishment of a corporate carbon account system . Build a corporate carbon account platform, promote the establishment of a carbon performance evaluation system based on corporate carbon emissions, and guide financial institutions to compare corporate credit rating, financing loan interest rate setting, etc. with the completion of carbon market contracts of key emission units and corporate independent emission reduction goals. The establishment and implementation will be linked, and policy support will be provided to companies with high carbon performance evaluation levels in terms of financing, interest discounts, guarantees, etc. (Responsible units: Municipal Ecological Environment Bureau, Shenzhen Branch of the People’s Bank of China, Shenzhen Emissions Exchange)

(7) Improve the policy rules and standard system

18. Improve the system of laws and regulations. Based on the actual carbon neutrality work of Shenzhen's carbon peak, we will improve the management system related to carbon trading, introduce supporting management rules, and promote the Shenzhen carbon market on the track of the rule of law. (Responsible units: Municipal Ecological Environment Bureau, Justice Bureau)

19. Optimize the quantitative accounting mechanism. Continue to optimize the quantitative accounting mechanism for organizational greenhouse gas emissions, and study and establish personal carbon emission accounting guidelines. Explore the use of digital means to regularly track emissions and evaluate carbon emissions and control effectiveness. Strengthen collaboration with relevant industry authorities in data collection and statistics to ensure that the carbon market operates based on real and effective data. Regularly carry out data quality supervision and evaluation work, and establish a long-term mechanism for normalized data quality management. (Responsible units: Municipal Ecological Environment Bureau, Development and Reform Commission)

　20. Optimize market transaction rules. Continuously optimize trading rules such as transaction methods according to market conditions, explore the introduction of a quota entrustment bidding mechanism for key emission units, study and formulate detailed quota bidding rules and allowable entrustment bidding proportions and entrustment bidding quota transaction rules, and improve the liquidity of allowances. (Responsible units: Municipal Ecological Environment Bureau, Shenzhen Emissions Exchange)

21. Strengthen the construction of the carbon neutral evaluation standard system. Explore and formulate multi-dimensional carbon neutrality evaluation standards at the regional level, community level, industry level, enterprise level, product level, etc., and standardize the carbon neutrality certification process. (Responsible units: Municipal Ecological Environment Bureau, Market Supervision Bureau, Development and Reform Commission)

　22. Pilot the creation of product carbon footprint standardsKnowledge certification. We will carry out product carbon footprint evaluation on a pilot basis, accelerate the construction of product carbon emission database, and take the lead in establishing a carbon footprint label certification system nationwide. Strengthen the connection, adoption and application research on product carbon footprints, green procurement, carbon inclusive and other related policies. Explore and promote mutual recognition of carbon footprint label certification in the Guangdong-Hong Kong-Macao Greater Bay Area, and build a public service platform for carbon footprint in the Greater Bay Area by the end of 2025. (Responsible units: Municipal Market Supervision Bureau, Development and Reform Commission, Ecological Environment Bureau)

　(8) Improve the construction of supporting infrastructure

　23. Construction Shenzhen carbon inclusive and carbon market unified management platform. Build a unified carbon inclusive platform system, carry out recording work such as the issuance, registration, transfer and consumption of carbon inclusive projects and certified emission reductions, and manage low-carbon scenario methodology, carbon points and other content. Improve the Shenzhen carbon market management system to provide data platform support for key emission units’ production activity output data and carbon emission data reporting, quota allocation and transfer, and contract fulfillment. Build a window display system for inclusive carbon benefits and the carbon market, timely disclose policy documents related to the carbon market, display various public data and information on inclusive carbon benefits and the carbon market, popularize carbon inclusive benefits and carbon market work, and accept social supervision. (Responsible units: Municipal Ecological Environment Bureau, Development and Reform Commission, Government Service Data Management Bureau)

　24. Build a dual-carbon cloud network comprehensive information service platform. Coordinate with relevant authorities to build a unified management platform for energy consumption and greenhouse gas emission data, which can connect coal, oil, gas, electricity and other energy data, so that energy data can be submitted quickly, accurately counted, tracked, and assessed, and provide a basis for The city's carbon peak and carbon neutrality work provides a data base for energy consumption and greenhouse gas emissions. (Responsible units: Municipal Development and Reform Commission, Ecological Environment Bureau, Industry and Information Technology Bureau, Housing Construction Bureau, Statistics Bureau, Shenzhen Power Supply Bureau)

　25. Improve the greenhouse gas monitoring network system. Carry out greenhouse gas emission monitoring of key enterprises and use monitoring as an important verification and auxiliary means for enterprise carbon emission accounting. Improve the greenhouse gas monitoring network with high-precision greenhouse gases and carbon dioxide fluxes as the main observation elements, actively explore cutting-edge carbon monitoring technologies such as remote sensing monitoring and mobile monitoring, and carry out satellite remote sensing and high-precision ground-based remote sensing observation data sharing at Xichong Observatory with meteorological departments. , cooperate to study the vertical distribution inversion of carbon dioxide in Shenzhen, strengthen greenhouse gas monitoring data sharing and emission reduction assessment analysis, and provide decision-making reference for the competent authorities to formulate carbon emission control targets for the Shenzhen carbon market. (Responsible units: Municipal Ecological Environment Bureau, Meteorological Bureau)

(9) Strengthen international and domestic exchanges and cooperation

26. Explore cross-regional carbon census Favorite certified voluntary emission reduction trading. Explore the establishment of a characteristic carbon inclusive system with Hong Kong and Macao, brother provinces and cities, and counterpart assistance areas, and export it to the whole country.Produce "Shenzhen experience" and strive to become the pioneer in the construction of my country's carbon inclusive system. (Responsible units: Municipal Ecological Environment Bureau, Shenzhen Emissions Exchange)

27. Promote the construction of the carbon market in the Guangdong-Hong Kong-Macao Greater Bay Area. Strengthen exchanges and cooperation with the Guangdong carbon market, Hong Kong and Macao, promote the interconnection of the Shenzhen-Hong Kong carbon market, jointly promote the construction of the carbon market in the Guangdong-Hong Kong-Macao Greater Bay Area, and actively participate in key tasks such as carbon market policy research, system construction, and external exchanges in the Greater Bay Area, Promote regional green, low-carbon and high-quality development. (Responsible units: Municipal Ecological Environment Bureau, Shenzhen Emissions Exchange)

28. Make an orderly connection with the national carbon market. Further improve the data monitoring, data reporting and verification, quota management, transaction decision-making, market risk control and quota settlement and performance capabilities of Shenzhen power companies, and cooperate with the national carbon market to implement the contract. According to the progress of the construction of the national carbon market, we will cooperate with the connection management of enterprises in civil aviation, steel and other industries to ensure smooth integration into the national carbon market. (Responsible units: Municipal Ecological Environment Bureau, Civil Aviation Shenzhen Supervision Bureau)

29. Explore opening up international voluntary emission reduction transactions. Taking advantage of Shenzhen's qualifications and cross-border trading experience, which are the first in the country to be approved for cross-border carbon emissions trading, we will conduct research on the cross-border trading mechanism for voluntary emission reductions. Explore integration with the international voluntary emission reduction system, promote cross-border trading of voluntary emission reductions, formulate supporting systems for cross-border transactions, and support eligible emission reduction project owners and domestic emission reduction demanders under the international voluntary emission reduction mechanism to carry out operations in Shenzhen trade. (Responsible units: Municipal Ecological Environment Bureau, Shenzhen Emissions Exchange)

30. Strengthen carbon market cooperation with the “Belt and Road” countries. Strengthen green technology exchanges between Shenzhen and “Belt and Road” countries, attract domestic funds to invest in high-quality emission reduction projects in the “Belt and Road” region, and explore the introduction of “Belt and Road” national emission reduction projects into the domestic carbon market. [Responsible units: Municipal Ecological Environment Bureau, One Belt and One Road Environmental Technology Exchange and Transfer Center (Shenzhen), Shenzhen Emissions Exchange]

　(10) Assisted carbon neutral forward-looking layout
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31. Explore and expand the coverage of greenhouse gas types in the carbon market. Explore expanding the greenhouse gas coverage of the carbon market to non-carbon dioxide greenhouse gases such as methane. Based on Shenzhen's industrial reality, we will study the quantitative accounting methods for non-carbon dioxide greenhouse gas emissions of key emission units, organize emission accounting by industry, and study and establish relevant greenhouse gas activity level data statistics and reporting systems. (Responsible unit: Municipal Ecological Environment Bureau)

　32. Explore the coordinated development of the carbon market and other environmental rights markets. Deepen research on the integrated development of the carbon market and other environmental rights markets such as energy rights trading and emission rights trading. Focus on development space and development quality, and explore the complementary interconnection between carbon trading and energy rights trading. Coordinate the management of the list of key emission units and the list of key emission units, and explore a collaborative management system for air pollutants and greenhouse gases. (Responsible departments: Municipal Development and Reform Commission, Ecological Environment Bureau, Industry and Information Technology Bureau)

　 3. Organization and implementation