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Xing Yun, a reporter from the Securities Times

In the second half of the year, Yueyang (Jin Kirin analyst) Lin Zhi (600963) accelerated the layout of carbon sequestration trading business and successively locked cooperation contracts with local carbon sinks development.

On the evening of July 26, Yueyang Forest Paper announced that the subsidiary Senhai carbon sequestration signed with the Shihang rare Plant breeding Center in Tongshan County.BlockchaingamelaunchpadThe "Cooperation contract for Forestry carbon sequestration Development of the Voluntary greenhouse Gas Emission reduction Project", with a cooperation period of 21.Blockchaingamelaunchpad.5 years.

If the contract is successfully implemented, according to the current domestic carbon trading prices, it is expected that a net profit of at least 30 million yuan will be generated during the cooperation period. It is worth noting that this is the third carbon sequestration development cooperation contract signed by Yueyang Forest Paper since July.

On July 3, Senhai carbon sinks signed a contract with Gansu Huining Tongning Construction and Development Co., Ltd. for a period of 30 years. According to the current domestic carbon trading prices, it is expected that the annual net profit of the contract will be at least 20 million yuan.

On July 14, Senhai carbon sequestration signed a contract with the people's Government of Xigaze City of Xizang Autonomous region and Xizang State-owned assets Management Co., Ltd. the subject of the contract is the forestry carbon sequestration development project in Xigaze City, Xizang Autonomous region. The forest / woodland of the project is about 27.5 million mu, and the cooperation period is 22 years.

Yueyang Lin Paper said that there are certain barriers to the development of forestry carbon sequestration, and the development of forestry carbon sequestration requires experienced forestry investigators and methodologists, as well as maintaining a long-term and friendly cooperative relationship with local governments and local forestry bureaus to win the recognition and trust of local enterprises and governments.

Therefore, Yueyang Forest Paper set up a platform company with forestry carbon sequestration operation and sales capacity in 2021 to help small and medium-sized forest farmers solve the problems such as uneconomical cost of carbon sequestration development of small woodland and difficulties in forestry carbon sequestration sales.

According to the company's strategic deployment, and based on the experience and first-mover advantages accumulated during the 13th five-year Plan period, Senhai carbon sequestration plans to sign a total of 50 million mu of forestry carbon sequestration by the end of 2025.

It is expected that at the end of the 14th five-year Plan period, Senhai carbon sequestration will become a leader in carbon sequestration development, carbon capture and utilization technology, carbon sequestration trading, carbon sequestration finance and derivatives.

In addition, the national carbon emissions trading market (hereinafter referred to as the national carbon market) launched online trading on July 16, 2021, opening at a price of 48.00 yuan per ton.

According to the national carbon market transaction data, the trading volume of the national carbon market carbon emission quota (CEA) was 100 tons on July 26, with a closing price of 57.30 yuan per ton, up about 19% from the opening price on the first day of trading.

As of July 26, the cumulative turnover of the national carbon market carbon emission quota (CEA) was 194 million tons, with a cumulative turnover of 8.506 billion yuan.

Northeast Securities Research report said that overseas carbon prices continue to rise, and it is expected that the carbon price gap at home and abroad is expected to narrow in the future. EU carbon prices have continued to rise in recent years, especially at the end of November last year, under the influence of Germany's proposed "floor price" for carbon trading. Carbon prices broke through an all-time high. EU carbon prices rose 138% in 2021 from 33.11 euros / ton in early January to 78.76 euros / ton in early December.

Northeast Securities believes that due to the rise in overseas carbon prices, the trading price of domestic carbon emission quota (CEA) market will fluctuate upward. With the promotion of China's carbon neutralization policy, it is expected that domestic carbon prices will converge with the international situation and continue the upward trend.