迟福林同时指出，海南自贸港在对标CPTPP等高标准国际经贸规则方面的实践和经验，将为全国提供压 力测试，为中国加入CPTPP等高水平协定积累经验，增强中国在国际规则制定中的话语权。 以制度型开放应对"逆全球化" 《21世纪》：当前全球经贸格局面临深刻调整，逆全球化思潮抬头。海南自贸港的全岛封关运作，对于 中国彰显对外开放决心有何特殊意义？ 迟福林：当前，全球保护主义、单边主义加剧，全球经贸格局面临重构。在此背景下，海南自贸港全岛 封关运作，是中国向世界宣示"开放的大门只会越开越大"的关键举措。 这不仅是中国高水平对外开放的"压力测试"，更是通过"境内关外"的制度设计，形成与国际高标准经贸 规则对接的窗口，向世界传递中国主动参与全球竞争与合作的决心。海南封关运作，意味着中国正在以 制度性、结构性开放，应对"逆全球化"挑战，为全球自由贸易注入新的动力。 12月18日，海南自由贸易港正式启动封关运作。封关首周，政策红利释放，经济活力迸发。 据海口海关统计，12月18日至24日，海口海关共监管"一线"进口"零关税"享惠货物超4亿元；监管"二 线"内销加工增值免关税货物超2000万元。在吸引企业方面，封关首周，海南新增 ...

全国碳币场行情简报 (2025年第220期) 发布日期:2025-12-24 挂牌协议成交均价上涨约4.6%,日内成交量基本持平 今日 1、CEA:主力标的实现入连阳:挂牌118.6万吨,大宗227.5万吨 行情 2、CCER:挂牌协议成交量10.01万吨,成交均价87.85元/吨（37.51%） 策略 信号强度:1 (0为空仓,土1为偏多/空,土2为多/空) 核心 逻辑 1随着履约压力逐步显现、强制流通配额基本释放完毕,上涨动能开始积聚,碳价或 进入趋势性回升阶段。 2钢铁、水泥、电解铝行业配额基础结转额增加至10万吨,然而多数企业因2025年度 配额缺口有限（3%以内）,实际采购积极性或低于预期。 3近期,部分新纳入行业企业陆续开启基础结转采购,关注70元/吨上方能否站稳。 | 唐惠廷 国泰君安期货研究所 · 高级分析师 | ☆ 欲获取实时研究产品， | | --- | --- | | 投资咨询从业资格号:Z0021216 | 请咨询对口销售。 | | 联系电话:021-33037830 | | 重要声明 本公司具有中国证监会被准的期货交易咨询业务资格。本内容的观点和信息仅供国泰君安期货的专业投资者参考。 ...

"建设全国温室气体自愿减排交易市场，是调动全社会力量共同参与温室气体减排行动的一项制度创新，有利于推 动形成强制碳市场和自愿碳市场互补衔接、互联互通的全国碳市场体系，助力碳达峰碳中和目标实现。"12月18 日，北京绿色交易所有限公司董事长王乃祥在新京报"2025零碳研究院绿色发展论坛"上如是表示。 今年9月24日，国家主席习近平在联合国气候变化峰会上宣布了我国新一轮国家自主贡献（NDC）。新一轮国家 自主贡献首次提出覆盖全经济范围、包含所有温室气体的绝对量减排目标。《十五五发展规划建议》同样将"美丽 中国建设取得新的重大进展"作为"十五五"时期经济社会发展的主要目标之一，明确提出扩大全国碳排放权交易市 场覆盖范围，加快温室气体自愿减排交易市场建设。 构建"强制与自愿"双轨碳治理体系，为实现"双碳"目标提供重要抓手 上述已公示、登记的项目中包括35个并网海上风力发电项目，预计年减排量合计将达到1617.4万吨，相当于避免 了500万吨标煤燃烧，可减少4.25万吨二氧化硫、3.7万吨氮氧化物排放，每年可为海上风电提供13亿元资金支持， 实现减污、降碳和增长协同。 王乃祥表示，建设全国温室气体自愿减排交易市场，是调 ...

(1)随着履约压力逐步显现、强制流通配额基本释放完毕,上涨动能开始积聚, 碳价或进入趋势性回升阶段。 全国碳市场行情简报 (2025年第218期) 门 国家君女期货 发布日期:2025-12-22 挂牌协议成交均价上涨约1.6%,日内成交量增长约53% 今日 行情 1、CEA:主力标的实现六连阳;挂牌50.3万吨,大宗202.2万吨 2、CCER:挂牌协议成交量0.01万吨,成交均价63.00元/吨(-20.25%) 策略 信号强度:1 (0为空仓,土1为偏多/空,土2为多/空) 核心 2钢铁、水泥、电解铝行业配额基础结转额增加至10万吨,然而多数企业因 逻辑 2025年度配额缺口有限(3%以内),实际采购积极性或低于预期。 3近期,部分新纳入行业企业陆续开启基础结转采购,关注70元/吨上方能否 站稳。 风险 1、CCER供应增量超预期:2、发电行业配额缺口低于预期。 图表1:全国碳配额(CEA)最新行情信息-现货 | | CEA19-20 | CEA21 | CEA22 | CEA23 | CEA24 | | --- | --- | --- | --- | --- | --- | | 收盘价(元/吨) | ...

1、CCER供应增量超预期;2、发电行业配额缺口低于预期。 风险 图表1:全国碳配额(CEA)最新行情信息-现货 | | CEA19-20 | CEA21 | CEA22 | CEA23 | CEA24 | | --- | --- | --- | --- | --- | --- | | 收盘价(元/吨) | 61.00 | 63. 58 | 61.00 | 61.00 | 65. 43 | | 涨跌幅(%) | 0.00% | 5.25% | 1.67% | 0. 30% | 7.26% | | 新旧价差(元/吨) | | 2.58 | -2. 58 | 0. 00 | 4. 43 | | 大宗成交均价(元/吨) | #N/A | #N/A | #N/A | 66. 00 | 56. 83 | | 单向竞价成交均价(元/吨) | #N/A | #N/A | #N/A | #N/A | #N/A | | 总成交量(万吨) | 0.00 | 0.78 | 0. 01 | 20.11 | 144. 50 | | 挂牌协议成交量 | 0. 00 | 0. 78 | 0. 01 | 0.11 | 58. 14 | 全国 ...

1. Report Industry Investment Rating There is no information provided regarding the report industry investment rating in the given content. 2. Core Viewpoints - Last week, the carbon quota trading price in the European carbon market increased, the EUA futures price in the US market decreased while the UKA futures price increased, and the KAU25 spot price in the South Korean market decreased. The carbon quota trading volume in the European and US carbon markets increased, while that in the South Korean market decreased. In the national carbon market in China, the cumulative trading volume and transaction amount of carbon emission allowances decreased, but the daily average trading price increased. The weekly trading volume of domestic pilot carbon markets increased, with trading mainly concentrated in the Hubei carbon market [2]. - Two important events occurred in the field of green development last week: the official launch of China's first pressure - energy zero - carbon data center and the successful development of the first 110 - kilowatt - class thermally coupled direct seawater electrolysis hydrogen production system device [2]. 3. Summary by Directory 3.1 International Carbon Trading Market Tracking 3.1.1 European Carbon Quota Price and Volume - EUA spot price rose from 81.92 euros/ton on December 1st to 82.56 euros/ton on December 5th, with a weekly increase of 0.78%. The EUA spot trading volume last week was 19.10 tons, a 55.28% increase from the previous week [6]. 3.1.2 US Carbon Quota Price and Volume - EUA futures price dropped from 82.64 euros/ton on December 1st to 81.98 euros/ton on December 5th, with a weekly decrease of 0.80%. The total trading volume of EUA futures last week was 369.90 million tons, a 12.87% increase from the previous week. UKA futures price rose from 55.46 pounds/ton on December 1st to 56.10 pounds/ton on December 5th, with a weekly increase of 0.64% [8]. 3.1.3 South Korean Carbon Quota Price and Volume - KAU25 spot price dropped from 10,800 won/ton on December 1st to 10,450 won/ton on December 5th, with a weekly decrease of 3.24%. The trading volume of KAU25 spot in the South Korean market last week was 35.90 tons, a 23.78% decrease from the previous week [14]. 3.2 Domestic Carbon Market Tracking 3.2.1 National Carbon Market Carbon Quota Volume and Average Transaction Price - The cumulative trading volume of carbon emission allowances (CEA) in the national carbon market last week was 681.84 tons, and the cumulative transaction amount was 399 million yuan. Both the cumulative trading volume and transaction amount decreased compared to the previous week, with a decline of 32.14% and 31.84% respectively. As of December 5th, the daily average trading price of CEA last week was 58.73 yuan/ton, a 0.61% increase from the previous week [17]. 3.2.2 Weekly Average Transaction Price of Carbon Quotas in Domestic Pilot Provincial and Municipal Carbon Markets - Except for the Guangdong Province GDEA and Fujian Province FJEA, the weekly average transaction price of carbon quotas in domestic pilot carbon markets showed a downward trend. The GDEA in Guangdong Province had the largest increase of 2.42%, and the HBEA in Hubei Province had the largest decrease of 8.59%. Compared with the same period last month (November 3rd - November 7th, 2025), except for the BEA in Beijing and the GDEA in Guangdong, the weekly average transaction price of carbon quotas in each pilot carbon market showed a downward trend, with the HBEA in Hubei Province having the largest decrease of 10.75% [20]. 3.2.3 Trading Volume and Transaction Amount of Carbon Quotas in Domestic Pilot Provincial and Municipal Carbon Markets - The carbon quota trading in domestic pilot carbon markets last week was mainly concentrated in the Hubei carbon market. Its weekly trading volume accounted for 89.25% of the total weekly trading volume of all pilot carbon markets, and the transaction amount accounted for 87.86% of the total weekly transaction amount of all pilot carbon markets. The total weekly trading volume of domestic pilot carbon markets last week was 106.16 tons, an increase of 77.37% from the previous week [21]. 3.3 Double - Carbon Frontier Technology Tracking 3.3.1 Official Launch of China's First Pressure - Energy Zero - Carbon Data Center - The first pressure - energy zero - carbon data center in China was officially launched in Shaoxing, Zhejiang. It innovatively constructs an integrated and coordinated operation system of "pressure energy - electric energy - cold energy - computing power", achieving the deep integration of electric energy, cold energy, and computing power generated by natural gas differential pressure power generation. It can provide important support for the development of "Artificial Intelligence +" applications, reaching the leading level in the industry and filling the domestic gap in related technology fields. Compared with traditional commercial data centers, it no longer relies on fossil energy for power generation, achieving "zero - carbon" operation. After the project is put into operation, the annual power generation will exceed 1.5 million kilowatt - hours, and the annual electricity cost savings will exceed 1.2 million yuan [23]. 3.3.2 China Successfully Developed the First 110 - Kilowatt - Class Thermally Coupled Direct Seawater Electrolysis Hydrogen Production System Device - The "Thermally Coupled Direct Seawater Electrolysis Hydrogen Production" achievement press conference was held in Rizhao, Shandong on December 6th. China has successfully developed the first 110 - kilowatt - class thermally coupled direct seawater electrolysis hydrogen production system device, which has achieved continuous and stable operation for more than 500 hours, marking a key breakthrough from the laboratory to engineering application in the field of direct seawater electrolysis hydrogen production. This device solves the problem that traditional green hydrogen must rely on high - purity fresh water and provides a more efficient and low - cost solution for future seawater hydrogen production and other water electrolysis hydrogen production processes [24].

上海环境能源交易所董事长、GF60 专家委员赖晓明表示，当前全国碳市场呈现出规模扩大、活力提 升、结构优化的特征。截止到今年11月底，全国碳排放配额总共成交1.87亿吨，总成交额是115.43亿 元，成交量接近去年全年成交量，累计成交量已经达到8.2亿吨，成交额545亿。刚刚过去的11月，有 730多家企业参与了交易，环比增长29%，同比增长18%。这已经是连续11个月参与交易的企业数保持 增长。新纳入行业当中已经有1277家企业开设了交易账户，前11个月交易量比上年同期增长65.44%。 ...

今日挂牌协议交易成交量275,733吨，成交额16,128,422.19元；大宗协议交易成交量570,500吨，成交额37,758,850.00元；今日无单向竞价。 新华财经北京12月10日电据微信公众号"全国碳交易"，12月10日全国碳市场综合价格行情为开盘价59.55元／吨，最高价59.55元／吨，最低价58.70元／ 吨，收盘价58.90元／吨，收盘价较前一日下跌1.01%。 今日全国碳排放配额总成交量846,233吨，总成交额53,887,272.19元。 2025年1月1日至12月10日，全国碳市场碳排放配额成交量200,044,461吨，成交额12,291,224,036.26元。 截至2025年12月10日，全国碳市场碳排放配额累计成交量830,313,125吨，累计成交额55,323,951,139.77元。 | 名 称 | 价 格 | 单 位 | | --- | --- | --- | | 开 | 59. 55 | 元/吨 | | 最 高 | 59. 55 | 元/吨 | | 最 低 | 58. 70 | 元/吨 | | 收 盘 | 58. 90 | 元/吨 | | 涨幅 | -1.01% ...

从破局角度，葛兴安建议，可从扩容参与主体入手，比如可鼓励上市公司将蓝碳融入可持续信息披露， 同时可以推出小额蓝碳现货、蓝碳远期现货、可转售现货等创新产品共同激活蓝碳交易市场的流动性。 同时建立科学定价机制，包括基础定价、市场定价、国际定价和指数定价等方面。此外还需打造完善的 交易生态，出台和交易市场匹配的交易制度和规则，明确市场运行规范，明确监管规则和要求加强对蓝 碳交易市场的监管，提供统一的交易、结算和交割平台，强化国际合作，引进国际交易主体，提升我国 蓝碳交易市场的国际影响力。 新华财经广州12月10日电 12月9日-10日，2025明珠湾气候投融资大会在广州南沙明珠湾举行，在10日 举办的"向海图强——激活蓝碳动能助力海洋经济高质量发展"分会议上，盟浪可持续数字科技（深圳） 有限公司常务副总裁葛兴安发表题为《中国蓝碳交易市场的实践与破局》的主旨演讲。 葛兴安表示，碳汇最终的价值实现在于市场交易环节。2020年以来在政策驱动下，我国的蓝碳即海洋碳 汇交易市场实现跨越式发展，一系列国家级政策的落地为市场发展奠定良好基础。一些地方政府，特别 是沿海省份开展具有特色的蓝碳试点成效显著，在价值实现方面，已经从碳汇 ...

Group 1 - The core viewpoint emphasizes the necessity of financial support for the green low-carbon transition, highlighting the accelerating financialization of electricity and carbon markets globally, with China's green finance moving towards internationalization [1] - The establishment of the "Carbon Emission Trading Market Open Alliance" by China, the EU, and Brazil aims to create a unified global carbon market, focusing on improving compliance carbon markets and carbon pricing policies [1] - Hong Kong is taking initial steps towards international recognition of CCER, carbon quotas, and green certificates, indicating its role as a financial hub in facilitating carbon market transactions [1][6] Group 2 - Carbon futures and options play a crucial role in market pricing and risk management, as evidenced by the experiences of the Chicago Climate Exchange and the EU Emissions Trading System [2] - The holding scale of carbon futures, such as the over 600,000 contracts (600 million tons) in California's carbon quota futures market, serves as a key indicator of effective carbon pricing and market resilience [3] - The continuous expansion of China's national carbon emission trading market since its launch in 2021, with 16 brokerages approved for spot trading, reflects the growing involvement of financial institutions in managing carbon price risks [6] Group 3 - The development of China's green certificate market is rapid, with 4.7 billion certificates issued last year, surpassing the total of developed economies [9] - The demand for green certificates is driven by policy requirements, supply chain demands from multinational companies, and increasing corporate social responsibility awareness [9] - The effective pricing and liquidity of green certificates are essential for market activation, with a focus on achieving hour-level traceability to enhance international credibility [9][11] Group 4 - To promote the international recognition of China's green certificates, it is crucial to strengthen communication with foreign counterparts and understand the roles of various stakeholders in the certification process [10] - The "hour-level" matching of green energy attributes is a significant trend, allowing for more precise reflection of carbon emissions, with successful pilot projects already conducted in Hong Kong [11][12] - China's green certificate system is aligning with global best practices, signaling its capability to meet international standards and enhance cooperation among various stakeholders [12]