碳市场周报-20251219

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - The carbon emission trading mechanism is a core policy tool for China's "dual - carbon" goal. The current national carbon market is limited to the spot market, and after the expansion this year, the market size has increased by 60%. Listing carbon emission right futures is an important direction for enriching carbon financial products [6] - The national carbon market will enter a new stage with the implementation of a combination of free and有偿 carbon quota allocation. The initial, medium - term, and long - term goals of有偿 allocation are to stabilize the market, promote price discovery, and support low - carbon transformation respectively [7] - The "Notice" on green finance and green factory construction is conducive to the in - depth integration of green finance and industrial green manufacturing, promoting the green transformation of the manufacturing industry [7] 3. Summary by Directory 3.1 Carbon Market Weekly Overview - In November, the national carbon market's comprehensive price ranged from 51.54 yuan/ton to 70.14 yuan/ton, with a closing price of 59.65 yuan/ton and a monthly increase of 14.80%. The total trading volume was 4775.32 million tons, and the total turnover was 2.757 billion yuan [5] - In the third week of December, the comprehensive price ranged from 57.74 yuan/ton to 62.98 yuan/ton, with a closing price of 62.40 yuan/ton, a 7.53% increase from the previous Friday. The total trading volume was 972.88 million tons, and the total turnover was 579,633,428.88 yuan [5] - From January 1 to December 19, 2025, the trading volume of carbon emission allowances in the national carbon market was 212 million tons, and the turnover was 12.999 billion yuan [5] 3.2 Market News - Guangzhou plans to promote the construction of the carbon emission trading market and support the Guangzhou Futures Exchange to develop carbon emission right futures [6] - The national carbon market will implement a combination of free and有偿 carbon quota allocation. The initial proportion of有偿 allocation can be set between 1% - 3%, with the medium - term goal of promoting price discovery and the long - term goal of supporting low - carbon transformation [7] - The "Notice" on green finance and green factory construction promotes the integration of green finance and industrial green manufacturing [7] 3.3 Market Data - No specific data content provided other than the section title [10]