1、 Progress Report of Chinas National Carbon Market(2024)Ministry of Ecology and Environment of the Peoples Republic of ChinaJuly 2024Progress Report of Chinas National Carbon Market(2024)Forward Abstract I.The Chinese government attaches great importance to the development of Chinas National Carbon M

2、arket II.The institution of the National Carbon Emission Trading System is gradually improving III.Increased market vibrancy of the National Carbon Emission Trading System IV.Completion of CEAs allocation and surrender in the second compliance cycle V.Improvement in emission data quality VI.Launch o

3、f the National Voluntary Greenhouse Gas Emission Reduction Trading Market VII.Robust digital infrastructure for Chinas National Carbon Market VIII.GrowingeffectivenessofChinasNationalCarbon Market development IX.Strengthening international cooperation in carbon market development Outlook Milestones

4、Contents0103 09 11 17 20 23 28 32 35 384043Progress Report of Chinas National Carbon Market(2024)The carbon market leverages a market-based mechanism to control greenhouse gas emissions and promote green and low-carbon transition of the economy and society.Accelerating Chinas National Carbon Market

5、development and fully grasping the decisive role of the market in resource allocation is crucial for ensuring that emission mitigation responsibilities are assumed,achieving emission control targets,and reducing emissions abatement costs in various sectors.The Chinese government attaches great impor

6、tance to the development of the national carbon market.The report to the 20th National Congress of the Communist Party of China(CPC)proposed to improve the carbon emissions trading system.President Xi Jinping called for creating a more effective,vibrant,and internationally influential carbon market.