Construction of Near-Zero-Carbon Manufacturing System under the Carbon Border Adjustment Mechanism

Abstract

The carbon peaking and carbon neutralization goals as well as the carbon trading system reforms of the European Union (EU) necessitate the synergy of energy conservation, pollution control, and carbon reduction in China to achieve low- and zero-carbon transformation of its manufacturing industry. This study focuses on the impact of the EU Carbon Border Adjustment Mechanism on China’s manufacturing industry, clarifies the concept of a near-zero-carbon manufacturing system, and elaborates on its core content from the major dimensions of key technologies, measurement basis, and market driving force. It also proposes the technical development directions of the near-zero-carbon manufacturing system from the aspects of product manufacturing and power supply and suggests the establishment of a source-grid-load carbon measurement system to clarify carbon emission responsibilities. Moreover, the future development path for China’s carbon market is explored after reviewing the carbon markets both in China and abroad. The practical solutions proposed by the study is expected to provide a basic reference for promoting the high-quality development and low-carbon transformation of China’s manufacturing industry.

Keywords

• European Union emissions trading system
• Carbon Border Adjustment Mechanism
• zero-carbon transformation
• carbon emission measurement
• carbon emission trading market