复旦大学可持续发展研究中心：12月份全国碳市场交投活跃

Group 1 - The Fudan University Sustainable Development Research Center released the carbon price index for January 2026, indicating a buy price expectation of 66.13 CNY/ton and a sell price expectation of 74.14 CNY/ton for national carbon emission allowances (CEA) [1] - The expected buy price for CEA in December 2026 is projected to be 70.32 CNY/ton, with a sell price of 85.36 CNY/ton, reflecting an upward trend in carbon pricing [1] - The buy price index for January 2026 is 165.33, while the sell price index is 167.28, indicating a stable market outlook [1] Group 2 - The research center reported that the price of green certificates for centralized projects, distributed projects, and biomass power generation in 2025 is expected to rise, with centralized project certificates priced at 5.93 CNY/unit, an increase of over 25% [2] - The price index for distributed project green certificates is 113.83, while biomass power generation certificates are priced at 4.6 CNY/unit, showing a significant increase across all categories [2] - The price ranking from highest to lowest remains centralized project certificates, distributed project certificates, and biomass power generation certificates [2] Group 3 - In December, the average closing price of CEA was 61.83 CNY/ton, a notable increase of approximately 3.27% compared to November's average closing price of 59.87 CNY/ton [3] - The trading volume for carbon allowances in December averaged 201.28 million tons, a decrease of 15.7% from November's 238.77 million tons, yet the market remained active with significant trading days [3] - The highest single-day trading volume was recorded on December 23, reaching 357.39 million tons, indicating robust market activity despite the overall decline in average volume [3]