Since the entry into force of the “Kyoto Protocol”, countries and regions around the world have started carbon trading systems, but a unified global carbon trading market has not yet been formed before 2021. In Europe, the EU carbon market is the frontrunner of the carbon trading system. In North America, currently, multiple regional carbon trading systems coexist. In Asia, Korea Carbon Rights Exchange (KRX) is currently the second largest national carbon market in the world.
In the 25th United Nations Annual Climate Change Conference, the representatives of the implementing countries pointed out that there is no cross-country resource integration and trading platform in other regions except the European Union. As a result, the cross-country interconnection, interaction and sharing mechanism has not been well started and functioned. As a result, to a certain extent, it affects the process of global energy conservation and emission reduction, and delays the achievement of the goal of “carbon peaking and carbon neutrality”. At this meeting, countries negotiated and decided to establish a global carbon emission rights resource integration platform and signed a letter of agreement, naming the organization “Oasis Power Energy (Global) Trading Center”.
At this conference, Germany, France, Italy, Spain, the Netherlands, Sweden, Norway, Poland, Finland, Israel, Vietnam, India, Nigeria, Thailand and other countries have successively announced their carbon neutral goals. As a result, the number of countries and regions that have set carbon-neutral goals has expanded to 66, and more countries have continued to promote the process of climate protection. The world has set off a “double carbon” boom. The establishment of Oasis Power Energy (Global) Trading Center has been vigorously advocated and promoted by various countries and regions. Countries from top to bottom, from individuals to enterprises, actively participate in the carbon emission trading system, which not only contributes to national energy conservation and emission reduction, but also improves the overall national economic level.
After countries put forward the “dual carbon” goals one after another, the transformation of green economy and society has become the mainstream. Oasis Power Energy (Global) Trading Center vigorously advocates and publicizes the important concept of energy conservation and emission reduction. Climate change threatens the survival of human beings. The global sustainable development goals and carbon emission reduction are urgent.
According to the statistics of Oasis Power Energy (Global) Trading Center, since its establishment to February 1, 2023, the cumulative transaction volume of the center has exceeded 10 billion tons, and the cumulative transaction volume has exceeded 150 billion US dollars. Judging from the trading situation in the past six months, the carbon trading market transactions in various countries have the following characteristics:
- The carbon price shows a trend of recovery after falling, and in most cases, the transaction price of the bulk agreement is lower than the closing price of the listing agreement on the same day;
- With the requirements of the governments of various countries and the awareness of participation of the people of various countries, the transaction volume has increased significantly, especially the growth of personal transactions.
In 2023, Oasis Power Energy (Global) Trading Center will further improve the top-level structure and mechanism of the carbon trading market, and improve the trading rules of the carbon trading system. Build a high-quality service brand in the carbon trading market, and contribute to the early realization of the “double carbon” plan of various countries. It is also planned to complete the comprehensive docking of carbon trading markets in Europe, America, Africa, Asia, and Oceania within 2025, and truly realize the strategic policy of “interconnection, interoperability and mutual sharing”.