Shanghai: Advancing the Construction of Trading Platforms for Hydrogen, Green Methanol, Sustainable Aviation Fuel and Other Products

36Kr reports that the Shanghai Municipal People's Government Office has issued the "15th Five-Year Plan for Energy Conservation, Carbon Reduction, and Circular Economy Development in Shanghai." The plan proposes leveraging market mechanisms to regulate operations. It calls for accelerating power market reforms centered on spot trading, deepening the implementation of market-oriented reforms for new energy grid tariffs, speeding up the development of green power trading in Shanghai, advancing the construction of trading platforms for hydrogen, green methanol, sustainable aviation fuel and other products, strengthening coordination between carbon budget management and the carbon emissions trading market, and promoting high-energy-consuming industries to implement quota total control first.