Market Overview - The cumulative trading volume of carbon emission allowances in the national carbon market increased to 3.2428 million tons, with a transaction amount of 225.8395 million yuan, reflecting an increase of 30.17% and 23.92% respectively compared to the previous week[18] - The average daily transaction price of carbon emission allowances (CEA) was 69.59 yuan/ton, down by 4.85% from the previous week[18] International Carbon Market Trends - In the European market, EUA spot prices rose by 3.36% to 72.56 euros/ton, while trading volume decreased by 55.17% to 104,000 tons[6] - The EUA futures price increased by 3.35% to 73.22 euros/ton, with a slight decrease in trading volume of 0.07% to 2.87 million tons[6] - In the US market, EUA futures prices rose by 3.33% to 73.21 euros/ton, with trading volume increasing by 0.75% to 136.29 million tons[9] Domestic Market Insights - The trading volume in domestic pilot carbon markets decreased by 64.00% to 211,700 tons, with major trading concentrated in Shenzhen, Shanghai, Hubei, and Guangdong, accounting for 97.47% of total trading volume[24] - The average transaction price in Guangdong's carbon market dropped by 4.53%, marking the largest decline among pilot markets[22] Policy Developments - The People's Bank of China and six other departments issued guidelines to support new industrialization, focusing on enhancing technological innovation and supply chain resilience[25] - Shanghai's new policy for market-oriented pricing of renewable energy will ensure that all new energy projects will participate in market trading by the end of 2025, promoting a sustainable energy system[28] Risk Factors - Economic recovery may not meet expectations, and there are risks associated with unexpected policy relaxations and climate anomalies[29]
双碳周报：全国碳市场碳排放配额累计成交量有所上涨-20250813
GUOTAI HAITONG SECURITIES·2025-08-13 05:25