Carbon Neutrality Research Center Opens in TEDA

On July 24th, the Carbon Neutrality Research Center, jointly established by Tianjin Climate Exchange Co., Ltd., China National Petroleum Sales Company, and Kunlun Energy Co., Ltd., was inaugurated in TEDA. The three parties will leverage their respective strengths to explore carbon neutrality development paths in the natural gas sales sector, conduct pilot projects for emission reduction, and implement measures for carbon control, reduction, and neutrality. The aim is to develop innovative business models for carbon asset trading and management.

As one of the first comprehensive environmental rights trading institutions in China, Tianjin Climate Exchange will conduct research on natural gas emission reduction technologies, carbon trading, carbon assets, carbon finance, and carbon data at the Research Center, exploring best practices for carbon reduction.

In the future, the Kunlun Gas Technology Research Institute will represent China National Petroleum Sales Company and Kunlun Energy in cooperating with Tianjin Climate Exchange on the operation and management of the Research Center. They will focus on providing policy recommendations, standard support, talent training, data support, and low-carbon technology to promote the low-carbon transition of the natural gas industry.