Weeks at a glance (March 13 – March 17, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market dropped significantly to end the week with a weekly volume of 4,021 tons as block trades were completely absent for the first time since the week of January 30. The announcement of the implementation plan for CEA determination and its allocation to covered entities for the current 2021-2022 compliance cycle (see Regulation Update for more information) on March 16 did not spur...
Monthly carbon market update (February 2023) Activity in China’s national carbon emissions allowance (CEA) market recovered from January’s second-lowest monthly volume on record, totaling over 1.8 million tons for February. Block trades came back from a complete absence in January, accounting for 86% of the February total volume. The majority of the block trade volume came on a single day’s trading on February 24. Market prices remained stable amid volume swings, suggesting a tepid market...
Weeks at a glance (March 6 – March 10, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market further decreased from its 2023 high set two weeks before, ending the week with a total volume of 203,020 tons. The vast majority of the week’s volume came on Tuesday when 200,000 tons of blocks were traded. Open market transaction prices remained stable, closing the week at 56.00 yuan ($8.04) per ton, unchanged from the previous week. The volume-weighted price for all of the...
Weeks at a glance (February 27 – March 03, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market decreased from the previous week’s 2023 year-to-date high of over 1 million tons, ending the week with a total volume of 313,010 tons. The vast majority of the week’s volume came from 300,000 tons of block trades. Open market transaction prices remained stable, closing the week at 56.00 yuan ($8.10) per ton, 0.9% lower than the previous week. The volume-weighted price for...
Weeks at a glance (February 20 – 24, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market further increased from the previous week, ending this week with a total volume of 1,002,010 tons and crossing the 1-million-ton mark for the first time in 2023. Block trades registered 1 million tons on the last day of the week. Open market transaction prices remained stable, closing the week at 56.50 ($8.20) per ton, slightly higher than the previous week. The volume-weighted...
Weeks at a glance (February 13 – 17, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market further increased from a pick-up in the week before, ending this week with a total volume of 731,976 tons. Both open market transactions and block trades gained volume with each type of trade reaching a weekly volume well above its past weekly median. Market prices increased with the volumes. Open market transactions closed the week at 56.30 ($8.20) per ton, rising above 56.00...
Monthly carbon market update (January 2023) Trading in China’s national carbon emissions allowance (CEA) market in the first month of 2023 dropped to its second-lowest monthly volume on record. The Chinese New Year’s holidays shortened the trading days for the month to only 16 days and there was a complete absence of block trades. Covered entities under China’s emissions trading scheme (ETS) had likely finished with their year-end internal CEA balancing. With the deadline for the 2021-22...
Weeks at a glance (February 06 – 10, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market picked up meaningfully with a return of block trades for the first time in 2023, ending the week with a total volume of 109,310 tons. Prices for open market transactions started the week at the closing price of the previous trading week—56.00 yuan ($8.24) per ton—and remained unchanged for the entire week. The volume-weighted price for all of the week’s trades was 55.54 yuan ($8...
Weeks at a glance (January 30 – February 03, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market was very quiet during the first week after the week-long Lunar New Year holidays, with a total weekly volume of 1,710 tons. Market prices started the week at the closing price of the previous trading week, 56.00 yuan ($8.31) per ton, and remained unchanged for the entire week. Activity across the nine China Certified Emission Reductions (CCER) markets was relatively...
Weeks at a glance (January 16 – January 20, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market was relatively strong for the week just before the week-long Lunar New Year holidays, with a total weekly volume of 250,209 tons. All of this volume was composed of open market transactions that took place almost entirely on the first two days of the week. Market prices remained stable amid wide volume fluctuations. Open market transaction prices closed the week at...