复旦大学可持续发展研究中心公布2025年10月复旦碳价指数

Core Insights - The Fudan University Sustainable Development Research Center has released the carbon price index results for October 2025, including national carbon emission allowance (CEA) prices, CCER prices, and green electricity certificate (GEC) prices [1] Carbon Emission Allowance Prices - The expected buy price for the national CEA in October 2025 is 55.39 CNY/ton, with a sell price of 60.63 CNY/ton, and a midpoint price of 58.00 CNY/ton; the buy price index decreased by 19.09% to 138.48, while the sell price index fell by 16.23% to 136.80, and the midpoint price index dropped by 17.64% to 137.57 [2] - For December 2025, the expected buy price for the national CEA is 62.10 CNY/ton, with a sell price of 70.45 CNY/ton, and a midpoint price of 66.28 CNY/ton; the buy price index is 116.18 and the sell price index is 120.92 [2] CCER Prices - The expected buy price for the CCER in October 2025 is 69.00 CNY/ton, with a sell price of 76.83 CNY/ton, and a midpoint price of 72.92 CNY/ton; the buy price index decreased by 7.75% to 173.45, while the sell price index fell by 9.29% to 184.82, and the midpoint price index dropped by 8.57% to 179.27 [2] Green Electricity Certificate Prices - The expected price for green certificates from centralized projects for 2025 is 5.45 CNY/unit, with a price index of 99.09; for distributed projects, the price is 5.20 CNY/unit with a price index of 105.51; and for biomass power generation, the price is 5.55 CNY/unit with a price index of 107.56 [3] - Compared to September 2025, the prices for most green certificates have adjusted downwards, except for the centralized project green certificates from 2024 [3] Market Performance - In September, the average closing price for CEA was 62.94 CNY/ton, a significant decrease of 11.5% from August's average of 71.12 CNY/ton; the carbon price showed a downward trend, dropping from 69.41 CNY/ton at the beginning of the month to 59.16 CNY/ton by the end [4] - The average daily trading volume for carbon allowances in September was 136.78 million tons, an increase of approximately 90% compared to August's 71.95 million tons, indicating heightened market activity [4] - The peak trading volume occurred on September 26, reaching 318.29 million tons, reflecting increased trading enthusiasm as the compliance period approached [4]