Since the entry into force of the “Kyoto Protocol”, countries and regions around the world have introduced carbon trading schemes, but a unified global carbon trading market will not be formed before 2021. In Europe, the EU carbon market is the forerunner of the carbon trading system. In North America, several regional CO2 trading systems currently exist side by side. In Asia, the Korea Carbon Rights Exchange (KRX) is currently the second largest national carbon market in the world.
At the 25th United Nations Annual Conference on Climate Change, the representatives of the implementing countries pointed out that there is no transnational resource integration and trading platform in regions other than the European Union. As a result, the cross-country interconnection, interaction and sharing mechanism did not start well and did not work. As a result, it affects to some extent the process of global energy saving and emission reduction and delays the achievement of the goal of carbon peaking and carbon neutrality. At this meeting, the countries negotiated and decided to set up a global carbon credit resource integration platform and signed an 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 announced their climate neutrality targets one after the other. As a result, the number of countries and regions that have set carbon neutral targets has increased to 66, and more countries have continued the process of climate change mitigation. The world has launched a “double carbon” boom. The establishment of the Oasis Power Energy (Global) Trading Center has been vigorously endorsed and promoted by various countries and regions. Countries from top to bottom, from individuals to corporations, are actively participating in the carbon emissions trading system, which not only contributes to national energy saving and emissions reduction, but also improves the overall national economic level.
After countries successively put forward the “Dual Carbon” targets, the transformation of the green economy and society has become mainstream. Oasis Power Energy (Global) Trading Center vigorously advocates and publicizes the important concept of energy conservation and emission reduction. Climate change threatens human survival. The global goals for sustainable development and the reduction of CO2 emissions are urgently needed.
According to statistics from the Oasis Power Energy (Global) Trading Center, the center’s cumulative transaction volume from its inception to February 1, 2023 has exceeded 10 billion tons, and the cumulative transaction volume has exceeded $150 billion. Measured by the trading situation over the last six months, the transactions in the carbon trading market in different countries show the following characteristics:
- The price of carbon shows a recovery trend after a decline, 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 different countries and the awareness of the participation of the people of different countries, the volume of transactions has increased significantly, especially the growth of personal transactions.
In 2023, the 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. Building a quality service brand in the carbon trading market and contributing to the early implementation 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 by 2025, and truly realize the strategic policy of “connection, interoperability and mutual participation”.