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On April 10, 2022, CPC Central Committee and State Council unveiled the Opinions on Accelerating the Construction of National Unified Market (hereinafter referred to as " Opinions"), which aimed to accelerate the establishment of the unified market system and rules and enable the smooth flow of commodity factors and resources on a larger scale.
For energy industry, the Opinions calls for constructing a national energy market in an orderly manner on the premise of ensuring the safe supply of energy and reaching carbon peak and carbon neutrality. Actions include:
Improve the oil and gas futures system, standardize the construction of oil and gas trading centers;
Promote the interconnection of various oil and gas pipeline networks and opening to various market players fairly;
Steadily promote the market-oriented reform of natural gas, and accelerate the establishment of a unified natural gas measurement and pricing system;
Improve the multi-level and unified power market system, and promote the establishment of a national power trading center in a timely manner;
Give further play to the role of the national coal trading center, and improve the national unified coal trading market.
For environmental protection, the Opinions calls for developing a unified ecological environment market. Relying on the public resource trading platform, China is to build a unified carbon emission rights and water rights trading market, and implement unified and standardized industry standards and trading supervision mechanism. In addition, China is to promote the market-oriented trading of emission rights and energy use rights, explore the establishment of systems such as initial distribution, compensated use, market trading, dispute resolution and supporting services, promote the construction of green product certification and labeling system, and encourage green production and consumption.
