BBMG Group: The Carbon Trading Policy Will Have a Gradual Impact on the Cement Industry

Recently, in response to questions from investors, Jinyu Group said that according to the policy documents issued by the Ministry of Ecology and Environment, carbon trading in the cement industry is gradually tightened, which has a gradual impact on the restructuring of the cement industry. The smooth transition from

2024 to 2025 will have little impact on the operation of cement enterprises. After the implementation of the policy of double control of total amount and intensity and paid allocation of quotas in 2027, it is conducive to promoting the clearance of backward production capacity and the improvement of industry concentration. Leading enterprises achieve quota surplus by virtue of the advantages of low emission and low carbon technology.

On the whole, the short-term transition is smooth, the medium-term cost difference and supply constraints are prominent, the long-term carbon cost becomes the core competitive factor, and the industry will form a pattern of "low carbon, high efficiency, head concentration".