Weeks at a glance (December 19-December 23, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market jumped to a 2022 high, totaling more than 18 million tons for the week. Nearly all of this weekly volume came from block trades. It is likely that this surge of activity was due to covered entities carrying out internal CEA balancing for 2022. Market prices continued their recent steady downtrend. Open market transaction prices closed the week at 56.50 yuan/ton ($8...
Weeks at a glance (December 12-December 16, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market saw a strong week, totaling more than 2.5 million tons and registering the second-highest volume since mid-January. Eighty-eight percent of the weekly volume came from block trades. All market prices were lower than the previous week. Open market transaction prices closed the week at 57.00 yuan/ton ($8.16/ton), slightly lower than the previous week. The volume-weighted...
Weeks at a glance (December 5-December 9, 2022) Heading into the last few weeks of trading in 2022, China’s national Carbon Emissions Allowance (CEA) market continued to cool down from the recent burst of activity in mid-November after the release of the draft CEA allocation plan for the 2021-2022 compliance cycle. The total weekly volume for the week was 324,110 tons, slightly above the median of 321K tons for all past weekly volumes. Open market transaction prices remained stable...
Weeks at a glance (November 28-December 05, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market cooled down from the previous week’s 11-month high but still totaled over 1.3 million tons for the week. Both open market transactions and block trades saw healthy volumes, well above their respective historic medians. Open market transaction prices remained stable throughout the week, closing at 57.69 yuan/ton ($8.18/ton), slightly lower than the previous week. The...
Monthly carbon market update (November 2022) Trading in China’s national carbon emissions allowance (CEA) market jumped in November on the back of the release of the Implementation Plan for the Determination of the 2021 and 2022 China Emission Allowances Caps and their Allocation (the Power Generation Sector), Draft for Public Comment (the Draft Plan) by the Ministry of Ecology and Environment on November 3. Now with a clearer view of their CEA demand or surplus, market participants, i.e., the...