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...
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...
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 (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...