全国碳市场有序运行

Core Insights - The national carbon market in China has achieved stable operation and is seen as a crucial tool for addressing climate change and promoting a green economic transition [1][3] Group 1: Market Performance - As of December 31, 2025, the cumulative trading volume of carbon allowances reached 865 million tons, with a total transaction value of 57.663 billion yuan [1] - In 2025, the number of key emission units included in the carbon market management reached 3,378, with an annual trading volume of 235 million tons, representing a year-on-year increase of approximately 24% [2] - The average trading price for the year was 62.36 yuan per ton, with a year-end closing price of 74.63 yuan per ton [2] Group 2: Regional Developments - Shanghai's carbon market has included over 400 enterprises across 28 industries and has been a pioneer in incorporating the aviation and water transport sectors [3] - Hubei province manages the national carbon emissions registration and settlement system, covering approximately 80 billion tons of carbon allowances, which accounts for over 60% of the total greenhouse gas emissions in the country [3] Group 3: Policy and Institutional Innovations - In September 2025, China announced new Nationally Determined Contributions (NDC) targets, aiming for a 7% to 10% reduction in greenhouse gas emissions by 2035 from peak levels [4] - The release of the "Opinions on Promoting Green and Low-Carbon Transition" marks a significant step in advancing the carbon market and indicates a phase of deepening and accelerating development [4] Group 4: International Cooperation - During the 2025 China Carbon Market Conference, a memorandum of understanding was signed between the Beijing Green Exchange and the Singapore Metaverse Green Exchange to facilitate cross-border carbon credit technology integration [6] - China's carbon market is recognized internationally for its effective design and innovation, providing valuable experience for other emerging economies [7]