Core Insights - The national carbon emissions trading market in China has seen a cumulative trading volume of nearly 700 million tons and a transaction value of approximately 48 billion yuan as of the end of August 2024, marking a record high since the market's launch in 2021 [1] - The market's trading activity is increasing, with a daily average trading volume of carbon emission allowances rising by 43.55% compared to the previous compliance cycle, resulting in a total trading volume of 18.9 million tons and a transaction value of 18.114 billion yuan for the year 2024 [1] - The carbon intensity of electricity generation in China has decreased by 10.8% compared to 2018 levels [1] Market Developments - In March 2024, the steel, cement, and aluminum smelting industries were included in the national carbon emissions trading market, leading to the addition of over 1,300 new key emission units, which now account for over 60% of the total carbon dioxide emissions in the country [1] - The voluntary greenhouse gas reduction trading market has been introduced as a significant policy tool to achieve China's "dual carbon" goals, with the first batch of newly registered certified voluntary emission reductions starting trading in March 2024 [1] - As of the end of August 2024, the voluntary trading market has recorded a cumulative trading volume of 2.7061 million tons and a transaction value of 22.9 million yuan, with transaction prices exceeding 100 yuan per ton multiple times [1]
2024年全国碳市场交易额创开市新高
Ren Min Ri Bao·2025-09-24 23:22