China Carbon Weekly Market Update – Jan 3, 2022

Week at a glance

• The total weekly trading volume on China’s national Carbon Emissions Allowance (CEA) market rebounded strongly from the previous week to 28,070,512 tons, registering as the second-highest weekly volume on record. Block trades accounted for 83.9% of the total volume. Open market transaction prices closed this week, the highest since the early days of the CEA market in July, increasing by 9.5% to 54.22 yuan/ton ($8.53/ton). Including both types of trades, the total volume-weighted average price for the week was up by 6.9% to 49.14 yuan/ton ($7.73/ton).
• The total weekly volume of the China certified emission reductions (CCER) markets increased six-fold from the previous week to 2,906,353 tons, propelled by a daily volume of over 2.2 million tons on the Shanghai market on December 29.
• Charts and tables for the national CEA market’s daily activities throughout 2021 are provided as a review for the first calendar year of the nascent China carbon emissions market’s existence.