China Carbon Weekly Market Update – 14 November, 2022

Weeks at a glance (November 7-November 11, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market dropped sharply, totaling 142,123 tons for the week. While block trades were absent, open market transactions were relatively active, registering a weekly volume near the 75th percentile of the historic record. Open market transaction prices ended the week at 58.00 yuan/ton ($8.07/ton), unchanged from the previous week. The volume-weighted average price of all of the week’s trades was 58.01 yuan/ton ($8.07/ton).
  • Activity across the nine China Certified Emission Reductions (CCER) markets continued a sharp downward trend from the previous week, ending this week with a weekly volume of only 8,616 tons, a record low since the launch of the national CEA market in July 2021. Tianjin led the markets again, accounting for over 98% of their combined volume. Beijing had a volume-weighted average price of 92.00 ($12.79), and Sichuan’s was 57.03 yuan/ton ($7.93/ton).
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