China Carbon Weekly Market Update – Aug 30, 2021

Week at a glance

Over the past trading week (Aug 23-27), the China National Carbon Emissions Allowance (CEA) Market saw a hefty decrease in total trading volume but maintained a steady overall price. The total volume for the China Certified Emission Reduction (CCER) across all 9 regional markets increased by 5.5% from the previous week while individual markets saw widely different changes.
The city of Shenyang is expected to launch its local emissions trading system (ETS) in September, making it the 10th and likely last regional ETS market in China.
Resources management agencies in the Chinese Central Government saw opportunities in furthering the protection and restoration of China’s marine, forest, and grassland ecosystems through participation in China’s emission trading systems.

The MVGX platform is operated by MetaVerse Green Exchange Pte. Ltd. (“MVGX”) and its subsidiaries, including MetaComp Pte. Ltd. (“MetaComp”). MVGX is regulated by the Monetary Authority of Singapore as a Capital Markets Services (CMS) licensee for Dealing in Capital Markets Products, providing custodial services, and a Recognised Market Operator (RMO). MVGX only serves non-retail customers (i.e accredited investors and institutional investors) under its RMO status and CMS license in Singapore. The provision of digital payment token services, including the operation of a Digital Payment Token Platform, under the MVGX platform is undertaken by MetaComp, which has obtained the Major Payment Institution (MPI) licence under the Payment Services Act.

Week at a glance

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