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...
Week at a glance (June 19 – June 23, 2023) Activity in China’s national Carbon Emissions Allowance (CEA) market increased sharply for the second consecutive week. Despite a holiday-shortened 3-trading-day week, total weekly volume rose to a 2023 high of over 1.1 million tons, with block trades returning after a one-week absence and open market transactions reaching a seven-month high of 725,001 tons. The closing price for open market transactions decreased 1.4% from the previous week to...
Week at a glance (June 12 – June 16, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market increased sharply to a four-week high, closing with a weekly total volume of 471,700 tons, well above the 2023 year-to-date average weekly volume of 277 thousand tons. Remarkably, this entire volume was composed of open market transactions, which reached an 18-month volume high. The closing price for open market transactions decreased slightly to 57.80 yuan ($8.11) per ton...
Trading in China’s national carbon emissions allowance (CEA) market totaled 1.23 million tons in May, an increase of 17% from April, but still well below the median of all past monthly total volumes. Most of the increase came from a return of the open market transaction volume to near its historic monthly median after two months of extremely low volumes. Block trades, however, still accounted for 83% of May’s total volume. There was not any noteworthy policy or market news during the...
Week at a glance (June 5 – June 9, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market declined to below the 2023 median level held over the previous two weeks, closing with a weekly total volume of 104,560 tons. On Tuesday, the State Council published its 2023 plan for regulation development. The much-anticipated Interim Regulation for the Management of Carbon Emissions Trading was downgraded to be among several regulations that will be “prepared for development”...
Week at a glance (May 29 – June 2, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market held steady after a steep drop in the previous week, closing with a weekly total volume of 125,141 tons. This volume is the median for 2023 but stands below the 25th percentile of all past weekly volumes. The closing price for open market transactions rose 2.6% from the previous week to 58.50 yuan ($8.24) per ton, a new 2023 high. The volume-weighted average price for all of the...