Week at a glance (July 24 – July 28, 2023) Activity in China’s national Carbon Emissions Allowance (CEA) market continued to decrease from the 2023 high set three weeks before to a weekly total volume of only 312 thousand tons. Open market transactions decreased substantially from the previous week while block trades only dropped slightly. Prices remained strong during the week amid volume declines. The weekly closing price for open market transactions registered the second highest of all...
Week at a glance (July 17 – July 21, 2023) Activity in China’s national Carbon Emissions Allowance (CEA) market slipped further from the 2023 high set two weeks before to a weekly total volume of only 434 thousand tons. However, total, open transaction, and block trade volumes were all still well above their respective 2023 averages. On July 17, the Ministry of Ecology and Environment issued a notification for CEA submissions for the 2021 and 2022 compliance years. Among various...
Monthly carbon market update (June 2023) Trading in China’s national carbon emissions allowance (CEA) market in June jumped to a 2023 monthly high, totaling 2.3 million tons, an increase of 87% from May and well above the all-time median of 1.8 million tons. Nearly all of the increase came from a return of the open market transactions, after months of low volumes, to near their all-time monthly average of 1.6 million tons. On the policy and regulation front, the State Council on June 6...
Week at a glance (July 10 – July 14, 2023) Activity in China’s national Carbon Emissions Allowance (CEA) market retreated from the previous week’s 2023 high to a weekly total volume of 694 thousand tons. Block trades were also down from their 2023 high to 500 thousand tons, while open market transactions decreased to 194 thousand tons. All of these volumes, however, were still well above their respective 2023 averages. The closing price for open market transactions increased 3.2% from the...
Week at a glance (July 3 – July 7, 2023) Activity in China’s national Carbon Emissions Allowance (CEA) market jumped to a 2023 high with a weekly total volume of over 1.5 million tons. Block trades were also at a 2023 high of just over 1 million tons for the week, while open market transactions were the second highest of the year at just shy of half a million tons. The closing price for open market transactions retreated from a 12-month high and ended the week at 58.17 yuan ($8.07) per...
Week at a glance (June 26 – June 30, 2023) Activity in China’s national Carbon Emissions Allowance (CEA) market decreased sharply from a three-day surge in the previous week, ending the current week with a total volume just shy of 500 thousand tons. However, this volume was still well above the 2023 year-to-date average of 320 thousand tons. Meanwhile, the closing price for open market transactions increased over 5% to a 12-month high of 60.00 yuan ($8.30) per ton. The volume-weighted...