167On July 16, China's carbon emission allowance trading officially began, marking the launch of the world's largest carbon market, covering emissions exceeding 4 billion tons. At 9:30 AM, the opening price of carbon emission allowances was 48 yuan per ton; the first national carbon trade was successfully matched at 52.78 yuan per ton, with a total volume of 160,000 tons and a transaction value of 7.9 million yuan. By the close of trading on the same day, the latest price of carbon allowances was 51.23 yuan per ton, representing a rise of 6.73%.
On the opening day of the national carbon market, Ming Dengli, head of the Climate Change Response Division of the Beijing Municipal Ecology and Environment Bureau, led a delegation to visit Carbonstop for an exchange.
Carbonstop reported on its progress since its establishment ten years ago, including the accumulation of over 100,000 carbon emission factors and industry base data; experience in carbon accounting and management for thousands of companies such as Baidu, Alibaba, Vanke, and Microsoft; shared future prospects following the recent Series A funding round jointly invested by Hillhouse Capital and Sequoia China, and demonstrated the carbon asset management platform on-site.
Mr. Ming listened to Carbonstop’s project report and expressed approval of Carbonstop's growth, while also inquiring about specific methods for emission units to achieve carbon neutrality. Carbonstop CEO Lu Hui Yan introduced the company’s experience in helping clients achieve carbon neutrality, such as the Hangzhou Marathon, the Alibaba Global Smart Logistics Summit, and the specific methods used to achieve carbon neutrality for Carbonstop’s own 10th anniversary event.
Besides corporate carbon reduction, attendees showed great interest in personal carbon reduction, for example, how to achieve personal carbon reduction through actions like recycling old clothes, participating in clean plate campaigns, and reducing car use by one day a week.
