生态环境部：2025年全国碳排放权成交额576.63亿元

Core Insights - The national carbon market in China has maintained a stable and orderly operation in 2025, with increasing market vitality and reasonable trading prices [1][2][4] Group 1: Market Performance - As of December 31, 2025, the cumulative trading volume of carbon emission allowances reached 865 million tons, with a total transaction value of 57.663 billion yuan [2] - In 2025, the annual trading volume of allowances was 235 million tons, representing a year-on-year increase of approximately 24%, with a transaction value of 14.630 billion yuan [2] - The closing price at the end of 2025 was 74.63 yuan per ton, while the average trading price for the year was 62.36 yuan per ton [2] Group 2: Compliance and Regulations - The completion rate for the 2024 carbon allowance compliance was approximately 99.99%, with a total compliance requirement of 8.194 billion tons [4] - Non-compliant key emission units will be dealt with according to relevant regulations [4] Group 3: Voluntary Emission Reduction Market - The voluntary emission reduction market has expanded, with 33 registered projects and a total reduction volume of 17.7637 million tons by the end of 2025 [4] - The cumulative trading volume of verified voluntary emission reductions was 9.2194 million tons, with a transaction value of 650 million yuan and an average trading price of 70.76 yuan per ton [4] - The voluntary reduction trading market saw significant activity in the fourth quarter, with December alone accounting for 68.2% of the total annual trading volume [5] Group 4: Institutional Developments - The Beijing Green Exchange reported that the national voluntary emission reduction trading market was launched on January 22, 2024, with the first batch of CCERs registered on March 6, 2025 [5] - The Shanghai Environment and Energy Exchange released revised trading rules to further regulate market behavior and protect the rights of trading entities [5]