The global carbon pricing revenue is about 84 billion US dollars, and China will become the world's largest carbon market
According to the annual report "Carbon Pricing Development Status and Future Trends" released by the World Bank on May 24, the global carbon pricing revenue in 2021 will reach about 84 billion US dollars, an increase of nearly 60% over 2020. This revenue provides an important source of funding to drive the transition to a low-carbon future, including supporting a sustainable economic recovery, funding broader fiscal reforms, or investing in communities.
China has the world's largest carbon emissions market, the report said. January 1 to December 31, 2021 is the first compliance cycle of China's carbon market. A total of 2,162 key emission units in the power generation industry were included in this compliance cycle, covering an annual greenhouse gas emission of about 4.5 billion tons of carbon dioxide equivalent. In terms of performance volume, the completion rate of performance in the first performance period reached 99.5%. On the whole, the carbon market is operating in a healthy and orderly manner, with stable and rising transaction prices, and the role of promoting enterprises to reduce greenhouse gas emissions and accelerate green and low-carbon transformation has initially appeared.
As of December 31, 2021, the 2021 annual transaction of China's carbon emissions trading market ended. From its launch on July 16 to December 31, China’s carbon emission rights market has operated for 114 trading days, with a cumulative trading volume of carbon emission allowances (CEA) of 179 million tons and a cumulative turnover of 7.661 billion yuan. More than half of the key emission units Participated in market transactions.
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