Research on Cross-Regional Carbon Trading Cooperation between Sichuan and Chongqing

Abstract

 As one of the major coal-fired power generation regions, Sichuan and Chongqing rank among the top in the western region in terms of carbon emissions and have great emission reduction potential. Therefore, controlling the total carbon emissions of the two places is an important measure to achieve the goals of carbon peaking and carbon neutrality, and also an effective means to realize the green development of the Chengdu-Chongqing Twin City Economic Circle. However, drawbacks such as insufficient vitality of the carbon markets in Sichuan and Chongqing and enterprises participating only for compliance purposes have become increasingly prominent. To fulfill the dual carbon tasks, stimulate the vitality of the carbon markets in Sichuan and Chongqing, further reduce the energy intensity of the two regions and boost export trade, a cross-regional carbon trading market can be constructed in Sichuan and Chongqing relying on the Chengdu-Chongqing Twin City Economic Circle, the fourth pole of China's economic growth. By formulating cross-regional carbon trading management policies, building a cross-regional carbon trading platform, cultivating professional talents, introducing green carbon reduction technologies and other measures, the circulation of carbon resources between Sichuan and Chongqing can be promoted to realize coordinated emission reduction, joint construction and shared benefits of the two places.