China News Service, Beijing, December 14 (Reporter Ruan Yulin) As the deadline for compliance approaches, the activity of the national carbon emissions trading market (referred to as the “national carbon market”) continues to rise. According to the national carbon market transaction data, as of December 14, the cumulative transaction volume of the national carbon market carbon emission allowance (CEA) was 99,828,998 tons, and the cumulative transaction volume exceeded 4 billion yuan (RMB, the same below), reaching 4.140 billion yuan.
Since the national carbon market started trading on July 16, the overall market has been operating smoothly, with prices fluctuating within a certain range. As the performance deadline approaches, market activity continues to rise. As of December 14, the cumulative trading volume of the national carbon market carbon emission allowance (CEA) was 99,828,998 tons, and the cumulative trading volume was 4,140,938,006.82 yuan.
Since the start of trading in the national carbon market, the early stage has maintained a relatively high level of activity, with an average daily transaction volume of approximately 540,000 tons in July; trading enthusiasm has gradually weakened since August, with an average daily transaction volume of approximately 250,000 tons from August to October. Since November, with the completion of the quota approval work, the actual quota surplus and deficiencies of key emission units have been clarified, and market activity has begun to pick up. The transaction volume has been at a high level since November. The average daily transaction volume in November exceeded 1 million tons. The transaction volume reached 23 million tons, exceeding the total volume of the previous four months. While the market volume and liquidity have increased, the transaction price has maintained slight fluctuations, and the closing price in the past month has been around 42 yuan per ton.
According to the notice from the Ministry of Ecology and Environment, key emission units that are included in the first compliance cycle of the national carbon market should pay their carbon emission quotas for 2019-2020 to the provincial ecological environment authority before December 31. At present, the regional ecological and environmental authorities and key emission units are actively and orderly promoting the clearance and payment of allowances. As the deadline for performance is approaching, the subsequent market transaction volume will continue to increase, and transaction activity will further increase. (Finish)Return to Sohu to see more
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