China Carbon Market Weekly Update – 6 February 2023

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 strong compared to the national CEA market, ending the week with a total volume of 96,058 tons. Tianjin accounted for nearly all of this volume. The volume-weighted weekly average prices of the Sichuan and Shanghai markets were both around 75 yuan ($11.13) per ton.
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