第五批CCER方法学出炉，房地产、氢能等迎碳资产风口

Core Points - The Ministry of Ecology and Environment has released the fifth batch of CCER methodology drafts, expanding the scope to include six new areas such as energy efficiency in existing public buildings and renewable energy hydrogen production [3][5] - The CCER methodology system is currently under construction, with a comprehensive framework expected to be published by the end of 2025 or early next year [3][12] - The CCER market has seen significant activity, with a cumulative transaction volume of approximately 3.19 million tons and a transaction value exceeding 267 million yuan as of October 13, 2025 [8] CCER Methodology Expansion - The new methodologies cover diverse sectors, including public building energy efficiency, agricultural waste treatment, and geothermal energy, marking a shift towards more integrated and industry-specific approaches [4][5] - The methodologies are designed to be precise, focusing on specific criteria such as building type and compliance with national standards, which enhances the credibility of the carbon reduction claims [6][10] Market Dynamics - The demand for CCERs is increasing, particularly as the national carbon emissions trading market expands to include industries like steel, cement, and aluminum smelting, while supply remains relatively limited [4][8] - The CCER trading price has risen due to the interplay of supply and demand, with the market expected to grow as more projects are developed under the new methodologies [4][8] Focus on Consumption End - The methodologies are increasingly addressing emissions at the consumption end, with recent additions focusing on sectors that were previously underrepresented, such as agriculture and building energy efficiency [9][10] - This shift indicates a strategic move towards supporting high-carbon industries in their transition to lower carbon operations [9][10] Future Developments - The establishment of a comprehensive CCER methodology system is anticipated, which will clarify project eligibility and set standards for various sectors [12][13] - Continuous updates and evaluations of the methodologies will be necessary to adapt to evolving industry needs and technological advancements [13][14]