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Chuanwei Chemical has fulfilled its obligations in the carbon market on both fronts”

2025-12-01View Original

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 According to Sinochem New Network, recently Chuanwei Chemical completed its carbon emission compliance obligations under the Chongqing pilot carbon market for 2024, thereby meeting its annual compliance targets for both the national carbon market and the Chongqing carbon market.   Since 2015, Chuanwei Chemical has been listed as a key greenhouse gas emitter under Chongqing’s pilot carbon market. Since 2020, its thermal power facilities have been included in the national carbon market, requiring it to carry out carbon emission monitoring, verification, and compliance activities in both markets each year. To date, the company has fulfilled its obligations under Chongqing’s pilot carbon market for 11 consecutive years, and has met its commitments under the national carbon market for 5 consecutive years.   In recent years, Chuanwei Chemical has focused on the \"dual carbon\" goals by establishing a carbon emission management system across the entire production process. It integrates carbon management deeply into all aspects of its operations, taking measures such as phasing out inefficient production capacities and implementing technological innovations and energy-saving upgrades to reduce emissions at the source. A data tracking mechanism covering the entire production chain has been put in place, with regular audits and training conducted to strengthen control over data collection, accounting, and verification. Through consistent data verification and dynamic monitoring, precise management of carbon emissions throughout the whole process is achieved, laying a solid foundation for green and low-carbon development.   At the same time, Chuanwei Chemical has strengthened its carbon asset management, accurately interpreted the policies regarding the carryover of carbon quotas in the two carbon markets, dynamically assessed market trends, and actively participated in carbon trading activities; the earnings from carbon quota transactions exceeded 50 million yuan.

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