The China Carbon Emission Trade Exchange (CCETE) started trading on the Shanghai Environment and Energy Exchange on July 16. Longyuan Power Carbon Asset Management Company representing four thermal power enterprises under China Energy Investment Corporation (CEIC) traded 250,000 metric tons of carbon dioxide emission quotas, completing the first carbon trade on CCETE.
In recent years, Longyuan Power has kept strengthening measures for trading management, worked out the Measures for Commissioned Trading Management and the Measures for Risk Control and Management in Carbon Trading, followed the principle of "secure trade, risk avoidance and multi-level control", managed carbon trading in such aspects as trading authorization, risk monitoring and compliance management, established the process of carbon asset trading decision making and examination, and undertaken the performance of carbon trading contracts with pilot enterprises under CEIC for four years in a row. The company has integrated practices in the futures and fund industries with its experience in pilot carbon trading, to create an innovative carbon asset trading operation platform system, filling a domestic gap in the digitalization and intelligentization of carbon emission management. Meanwhile, the company has organized intensive mock trading training via an internal mock training platform, to build a professional and capable team with an insight into policies.
As the first industry to be included into CCETE, the power generation industry has more than 2,000 key enterprises trading over 4 billion metric tons of carbon dioxide emission quotas on CCETE.
