The national carbon emission trading market will be officially launched soon. Driven by good news, recently, carbon and several investment lines have been paid attention by the capital market. The carbon neutral concept index rose 0.64 percent to close at 1336.33 as of the closing of December. More than half of the constituent stocks rose. Among them, the rise and stop of Yuntianhua, Baofeng energy, Sichuan Instrument Co., Ltd., China testing, Hanwei technology, Jinhong gas, etc., rose by more than 5%.

On July 7, the standing meeting of the State Council pointed out that the online trading of the national carbon emission trading market of power generation industry will be launched on the basis of pilot projects at an optional time in July this year. Next, we will steadily expand the industry coverage and control and reduce greenhouse gas emissions through market mechanisms. Before June 22, the trading rules of the national carbon emission trading market have been officially issued. The Ministry of ecological environment also said that the preparation for the national carbon emission trading is basically in place. More than 2200 enterprises are included in the national carbon trading system, all of which are power generation enterprises.

Huachuang securities analysis points out that with the continuous introduction of policies, the main line of carbon neutralization investment becomes clearer, and the power industry has become a breakthrough in carbon emission trading. On the one hand, the scale of thermal power in China is large, the power generation energy is mainly coal, with high energy consumption, and the emission is about one third of the total carbon dioxide emission from primary energy consumption; In addition, in the process of carbon trading pilot, the 7 markets cover about 186 power producers and 3 home appliance network enterprises, which have a good carbon trading basis.

In fact, according to the national carbon market planning, after the power industry transaction is mature, more industries will be included in the carbon emission trading market. Among them, the steel industry will be included in the carbon emission trading market as soon as possible during the "14th five year plan". In addition, petrochemical, chemical, building materials, nonferrous metals, papermaking, electric power, aviation and other key emission industries are also expected to be included in the national carbon market during the 14th Five Year Plan period. According to the statistics of China Gold securities, after all key industries are included in the carbon market, the annual carbon emission covered is estimated to be about 8 billion tons, accounting for 70% to 80% of the national carbon emission. Therefore, it is optimistic that the national carbon trading market will promote the carbon economy in forest carbon sequestration, biogas power generation and energy conservation.

The agency noted that after the national carbon market officially launched, the CCER market is expected to be in short term short-term supply shortage. According to the analysis of Dongwu securities, the demand for CCER in the power industry in the early stage of carbon market is about 165million tons / year, and it is expected to expand to 400million tons / year in the long term. With the further release of market demand after the national carbon market goes online, the supply-demand relationship changes or promotes the price rise of CCER. Chen Li, a securities firm, also believes that after the national carbon trading market is opened, carbon quotas and CCER prices are expected to rise significantly. With the "double carbon" target approaching, the future carbon quota price will maintain a long-term upward trend. Clean energy operators are expected to gain additional benefits through carbon emissions trading.

Based on the goal of carbon peak and carbon neutralization, natural gas will be the realistic choice to realize low-carbon transformation. Huatai Securities believes that it is optimistic about the development prospects of China's gas industry from 2021 to 2030. It is expected to maintain a compound annual growth of no less than 6% in 2021-2030, and there is a wide space for gas enterprises to grow. Under the assumption of carbon neutralization scenario, it is expected that the domestic natural gas demand will reach peak in 2040, and it is optimistic that the gas enterprises will have a good growth space of high quality in the next 10 years.

With the launch of the national carbon market, under the "double carbon" target, China will further limit the consumption of traditional fossil energy such as coal, and increase the proportion of clean energy such as wind power, photovoltaic, nuclear power, hydropower, biomass and hydrogen energy. It is expected to achieve the energy structure with zero carbon power as the main and hydrogen energy as the auxiliary by 2060. According to the analysis of Dongwu securities, the development space of traditional high energy consumption and high emission industries such as steel, building materials and petrochemical industry is tight under the background of carbon neutralization, which forces the industry to change from extensive development to fine quality development. With the exit of backward capacity, the value chain of industrial chain will be upgraded comprehensively, and the competition pattern of the industry will be reshaped. The leading enterprises in traditional industries that innovate and upgrade in technology, technology and equipment will usher in a good opportunity to expand their share.