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Shandong completes the quota settlement for the first performance cycle of national carbon market

2022/1/19 16:35:41   source:sdchina.com

According to a press conference held on January 18 by the Information Office of Shandong Provincial People’s Government, as the province with the largest number of contract-performing enterprises and the largest total number of contract-performing quotas in China, Shandong has completed the work of quota settlement for the first performance cycle of national carbon trading market. The 305 key emission enterprises in the power generation industry in Shandong actually performed a volume of 1.152 billion tons, with a cumulative turnover of 4.598 billion yuan.

According to Hou Cuirong, deputy director of Shandong Provincial Department of Ecology and Environment, Shandong has 330 key carbon-emitting enterprises in the power generation industry included in the quota management of the first performance cycle in the national carbon market, and 320 have been approved for performance, accounting for about a seventh of the total number of performing enterprises in the country. As of January 10, 2022, except for 13 enterprises closed down by the court and 2 closed and canceled, the other 305 had all completed the performance of their contracts.

According to reports, key carbon-emitting enterprises in Shandong have actively assumed the main responsibility for carbon reduction and contract performance, overcoming difficulties with the high coal price this year. 145 enterprises in the province have applied for the opening of Chinese Certified Emission Reduction (CCER) accounts, and 51 have submitted applications for CCER offsetting quota settlement, applying for offsetting a volume of 6.28 million tons.

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