Carry out carbon footprint investigation and targeted optimization of raw materials, production processes, transportation methods, energy consumption and other links to reduce product carbon emissions, and then neutralize carbon emissions by purchasing carbon credits... After a series of operations , Breakthrough Lubricant Co., Ltd. realized the innovative exploration of "zero carbon" lubricant products.
"We have selected two mainstream engine oil products for passenger cars and commercial vehicles. According to the product's carbon footprint and estimated annual output, we have purchased corresponding voluntary emission reduction products through the Tianjin Emissions Exchange to achieve carbon neutrality of the products. And." Li Chunqing, executive general manager of Greater China of Breakthrough Lubricant Co., Ltd., said that the attempt of "zero-carbon" engine oil is of great significance for leading the development of the industry and guiding the downstream to low-carbon transformation.
The relevant person in charge of the Tianjin Emissions Exchange said that in the face of the growing demand for voluntary carbon emission reduction transactions and carbon neutrality, the Tianjin Emissions Exchange is also exploring technology to help carbon inclusiveness, and developing carbon neutrality certificate products , guide more people to pay attention to "double carbon", and stimulate social green kinetic energy.
Since the 18th National Congress of the Communist Party of China, China has unswervingly followed the path of ecological priority, green and low-carbon development, fully implemented the "Paris Agreement", announced that it will strive to achieve carbon peaking by 2030 and carbon neutrality by 2060, and vigorously Implement emission reduction commitments.
As an important mechanism to promote environmental protection through market means, China's carbon trading market is becoming more and more mature. Since 2011, China has gradually carried out carbon emission trading pilots in eight regional carbon markets including Beijing, Tianjin, and Shanghai. Ten years later, in July 2021, the national carbon emission trading market will be officially launched.
According to the data, as of the end of May 2022, the cumulative transaction volume of carbon emission allowances in the national carbon market was about 235 million tons, with a turnover of about 10.787 billion yuan.
The demand side of carbon quotas has achieved the emission reduction target through carbon trading, and the supply side has obtained economic benefits from carbon trading.
As one of the power generation companies included in the national carbon emission trading market, Huaneng International Power Co., Ltd. will sell carbon emission allowances trading income of about 478 million yuan in 2022, purchase carbon emission allowances of about 104 million yuan, and net income of 374 million yuan. 100 million yuan, becoming the listed power company that benefited the most from the national carbon emission trading market that year.
In addition to quota carbon trading, the voluntary carbon trading market has also become an important development direction of carbon trading because of its wide range of participants and rich products. Among them, forestry carbon sinks have great potential.
In Tianjin, on the golden development corridor between the central urban area and the Binhai New Area, the construction of a green ecological barrier area about 50 kilometers north-south and 15 kilometers east-west with a total area of 736 square kilometers has been basically completed.
Since its launch in 2018, this piece of land is equivalent to twice the area of downtown Tianjin. After demolition and restoration, afforestation and greening, ecological conservation and other "ten projects" construction, an ecological green valley has been formed to protect Beijing and Tianjin. .
In addition to the visible improvement of the environment, carbon sinks are a considerable contribution to the green ecological barrier. "Currently, the area of forest land in the first-level management and control area of the ecological barrier has reached 191,500 mu, which can realize carbon sinks of about 150,000 tons/year. years." said Fan Shuhe, second-level inspector of the Tianjin Planning and Natural Resources Bureau.
According to reports, with the accelerated construction of green ecological barriers, the pre-certification work for the first batch of pilot projects has been basically completed. It is estimated that by 2035, the annual transaction value of forestry carbon sinks in Tianjin's green ecological barrier area will reach 10 million yuan.
In fact, forestry carbon sink trading has been widely carried out in various parts of China. As an early province to carry out forestry carbon sink trading pilots, as of the first quarter of this year, Fujian has completed a total of 4.0549 million tons of forestry carbon sink trading and re-trading, with an amount of 62.6714 million yuan. Guangdong, Shandong and many other places have also strengthened the innovation of forestry carbon sinks, taking it as an important support for promoting green transformation and achieving the goal of "double carbon".
Niu Guimin, a researcher at the Institute of Ecological Civilization, Tianjin Academy of Social Sciences, believes that it is the general trend to promote diversified carbon trading varieties and trading methods. After the restart of the national certified voluntary emission reduction market, forestry carbon sinks will play an important and unique role in carbon trading.
According to data released by the State Forestry and Grass Administration, China's forest area and forest stock volume have maintained "double growth" for more than 30 consecutive years, and the forest coverage rate has reached 23.04%. According to estimates, in 2021, the annual carbon sink of forests and grasses in China will exceed 1.2 billion tons, ranking first in the world.
"Environmental protection and afforestation are China's contributions to the world. Forestry carbon sink trading has shown a bright prospect for the integration of ecological value and economic value." Niu Guimin said.
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