人民财讯8月13日电，8月12日，双良集团有限公司(简称"双良集团")与北京绿色交易所有限公司(简 称"北京绿交所")正式签署战略合作框架协议。根据协议，双方将在绿色低碳方法学开发、零碳园区/工 厂建设、碳资产管理能力建设、CCER开发、ESG及人才培育等领域深度合作，助力"双碳"目标实现， 为企业绿色转型与产业高质量发展注入新动能。 ...

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]

Report Summary Investment Rating - Not provided in the content Core Viewpoints - It is recommended that deficit enterprises make batch purchases at low prices before the end of August [4] - The depletion of mandatory circulation quotas may support a carbon price reversal, with signs possibly seen in Q3. Carbon prices may fluctuate before August and start to rise in September due to increasing compliance pressure [6] Summary by Directory Market Quotes - CEA: The main target continued to be weak, with 72,000 tons listed and 746,000 tons in bulk transactions [13] - CCER: The listed agreement trading volume was 80 tons, and the average transaction price was 78.97 yuan/ton (up 1.24%) [10][13] Carbon Quota (CEA) Latest Market Information | Quota | Closing Price (yuan/ton) | Change (%) | New-Old Price Difference (yuan/ton) | Bulk Transaction Average Price (yuan/ton) | Total Transaction Volume (10,000 tons) | | --- | --- | --- | --- | --- | --- | | CEA19 - 20 | 71.34 | 0.00% | - | N/A | 0.00 | | CEA21 | 70.00 | 0.00% | -1.34 | N/A | 0.00 | | CEA22 | 73.00 | 0.00% | 3.00 | N/A | 0.00 | | CEA23 | 72.80 | -0.18% | -0.20 | 55.25 | 76.67 | | CEA24 | 72.86 | -0.46% | 0.06 | N/A | 5.08 | [8] Voluntary Emission Reduction (CCER) Transaction Information - Average transaction price: 78.97 yuan/ton, up 1.24% - Transaction amount: 59,300 yuan - Transaction volume: 80 tons - Cumulative transaction volume: 2,477,900 tons [10]

美中贸易全国委员会董事会主席芮思博近日率团访华，传递出美国企业界对两国经贸对话的支持与期 待，为中美产业合作和经贸往来健康发展创造了良好条件。在美方挥舞关税大棒的阴云下，美国企业依 然坚定看好中国市场，这份选择难能可贵，更折射出中国发展不可替代的确定性魅力。 这份确定性，首先源于中国自身发展的稳健步伐。今年上半年，中国经济以5.3%的增速交出高含金量 答卷，总量向140万亿元迈进。多年来，中国对世界经济增长的贡献率稳定在30%左右，为全球经济发 展提供了关键支撑。亮眼成绩背后是连贯的政策引领，通过科学制定并接续实施五年规划，辅以务实精 准的宏观政策，为中国勾勒出清晰可预期的发展蓝图，赋予企业应对发展周期各种挑战的稳定预期和强 大韧性。 这份确定性，更源于中国开放大门越开越大的坚定承诺。中国正以实际行动为包括美企在内的全球企业 创造增量机遇。例如，服务业扩大开放加速推进155项试点任务，金融、医疗等领域新空间不断拓展； 绿色转型浪潮催生清洁能源、碳交易、储能等新赛道，为外企技术合作开辟蓝海；高质量实施《区域全 面经济伙伴关系协定》（RCEP），推动区域经济一体化结构性深化，使外企以中国为枢纽，辐射东 盟、中东等 ...

Group 1 - The national carbon market closed at 72.43 yuan/ton on August 1, down 0.07% from the previous day, with a 3.39% decline from the end of June [1] - In July, the national carbon market saw a total trading volume of 11.6642 million tons, a decrease of 26.57% month-on-month, ending a four-month growth trend [1] - The average daily trading volume in July was 510,300 tons, down 35.75% from June's 794,200 tons [1] Group 2 - The Fudan Carbon Price Index forecasts a buying price of 71.25 yuan/ton and a selling price of 76.04 yuan/ton for carbon emission allowances (CEA) by August 2025 [2] - As of July, the national carbon market has cumulatively traded 6.811 billion tons, with a total transaction value of 46.823 billion yuan [2] - The carbon trading management regulations will take effect on May 1, 2024, marking a significant step in the development of the carbon market [2] Group 3 - The chairman of Shanghai Environment Energy Exchange stated that efforts will continue to enhance the mechanisms of the national carbon trading market [3]

2024年1月，全国温室气体自愿减排交易市场启动，北京绿色交易所建设了全国温室气体自愿减排注册 登记系统和交易系统，持续完善交易系统功能，起草并发布交易和结算规则及配套细则。截至目前，已 为超过2000家单位完成交易系统开户，累计实现交易量超240万吨，交易额超2亿元。 在北京绿色交易所的大屏幕上，北京市碳排放权交易市场的交易数据滚动播出。"作为市政府指定的北 京市碳排放权交易市场交易机构，北京绿色交易所配合市生态环境局等主管部门开展北京碳配额有偿竞 价发放，支撑全市重点排放单位完成年度履约工作。"北京绿色交易所有限公司总经理助理邹毅说。 新京报讯（记者张璐）8月1日，记者跟随"行走京华大地 感悟思想伟力"采访团走进北京绿色交易所， 调研美丽北京建设情况。截至目前，北京碳市场各种交易产品累计实现交易量超1.1亿吨，交易额近47 亿元。 北京市2013年启动碳排放权交易试点建设，年度碳排放总量5000吨以上的重点排放单位纳入管理，涵盖 电力、水泥制造、石油化工、热力供应、公共交通、其他工业和服务业等行业，涉及重点碳排放单位约 900家，碳排放总量约4500万吨。 北京环境交易所于2008年设立，是集各类环境权益 ...

面向未来，北京绿色交易所确立"一主五专两化"发展策略。将坚守全国温室气体自愿减排交易主业，落 实生态环境部各类管理要求，持续支撑市场稳定高效运行；同时拓展北京地方碳市场交易服务、企业绿 色低碳发展服务、绿色技术交易服务、ESG综合服务、绿色债券发行与交易服务等五类绿色交易专业服 务。 王乃祥介绍，2023年，北京绿色交易所获得生态环境部授权，作为全国温室气体自愿减排交易系统的运 行和管理机构，提供核证自愿减排量的集中统一交易与结算服务。今年2月，国家发改委批复同意以北 京绿色交易所为主体设立国家绿色技术交易中心。 中证报中证网讯(记者刘丽靓)北京绿色交易所8月1日消息，日前，北京绿色交易所董事长王乃祥在北京 绿色交易所2025年参与人大会上表示，截至2025年7月28日，全国温室气体自愿减排交易市场累计成交 量接近240万吨，累计成交金额超过2亿元，市场规模稳步攀升。 ...

Core Insights - The Fudan University Sustainable Development Research Center released the carbon price index for August 2025, including national carbon emission allowance (CEA) prices, CCER prices, and GEC prices [1][2]. Carbon Emission Allowance (CEA) Prices - The expected buy price for the CEA in August 2025 is 71.25 CNY/ton, with a sell price of 76.04 CNY/ton, resulting in a midpoint price of 73.65 CNY/ton. The buy price index increased by 0.83% to 178.13, while the sell price index decreased by 0.82% to 171.57 [2][3]. - For December 2025, the expected buy price is 72.04 CNY/ton, sell price is 79.61 CNY/ton, and midpoint price is 75.82 CNY/ton. The buy price index is 134.78, and the sell price index is 136.65 [2][3]. Certified Emission Reduction (CCER) Prices - The expected buy price for CCER in August 2025 is 76.25 CNY/ton, with a sell price of 83.59 CNY/ton, leading to a midpoint price of 79.91 CNY/ton. The buy price index rose by 2.49% to 191.68, and the sell price index increased by 3.45% to 201.08 [2][3]. Green Electricity Certificate (GEC) Prices - The expected prices for GECs in August 2025 show a divergence in trends. For 2024 production, centralized project GECs are priced at 3.50 CNY/unit, distributed project GECs at 3.36 CNY/unit, and biomass power generation GECs at 3.66 CNY/unit. For 2025 production, prices are 7.82 CNY/unit for centralized projects, 6.94 CNY/unit for distributed projects, and 6.77 CNY/unit for biomass [4][5]. Market Trends - In July, the average closing price for CEA was 73.64 CNY/ton, up approximately 3% from June's average of 71.51 CNY/ton. However, the trading volume decreased by 35.75% to an average of 51.03 million tons compared to June [6]. - The global carbon market showed mixed trends, with the EU carbon market's average price rising slightly, while the UK market saw a significant drop in trading volume [9].

Core Viewpoint - The completion of data integration for the Carbon Coin agreement marks a significant step for the company in the digitalization of carbon credits, enabling effective management and trading through blockchain technology [1][2][3] Group 1: Carbon Credit Digitalization - The Carbon Coin agreement has successfully integrated data with carbon credit sources, facilitating the on-chain representation of 200,000 tons of carbon credits [1] - The integration allows for real-time synchronization, information exchange, and verification of carbon credit data, ensuring accuracy and consistency during transactions [1][2] Group 2: Technological Advancements - The dual-chain model of "Green Trust Chain (alliance chain) + public chain" enhances decentralization, security, immutability, and traceability throughout the carbon credit lifecycle [2] - Smart contracts automate the registration, confirmation, and management of carbon credits, reducing transaction cycles from weeks to minutes [2] Group 3: ESG Commitment and Market Impact - The initiative reflects the company's commitment to Environmental, Social, and Governance (ESG) principles and showcases its technological innovation in carbon asset digitalization [3] - The on-chain confirmation of carbon credit data is expected to promote transparent trading, market pricing, and healthy development of green asset financing, benefiting the overall financial ecosystem for green assets [3]

Core Insights - The national carbon market has been operating for four years, showing a healthy and orderly development with a cumulative trading volume exceeding 670 million tons and a transaction value of 46 billion yuan [1][2][3] - The introduction of the "Interim Regulations on Carbon Emission Trading Management" in 2024 provides a strong legal framework for the market, with the first expansion planned for 2025 to include steel, cement, and aluminum industries [2][3][9] - The market price has shown a positive trend, with the average closing price surpassing 100 yuan per ton in April 2024, and recent prices fluctuating between 70-80 yuan per ton [3] Market Development - The national carbon market has seen accelerated development in 2024, with the introduction of new trading methods such as single-direction bidding to enhance trading efficiency [2][3] - The trading system's continuous improvement has positively impacted market activity and price formation mechanisms, with trading prices remaining within a reasonable range [2] Regional Market Coordination - The implementation of the regulations on May 1, 2024, clarifies the boundaries between national and local carbon markets, preventing overlapping controls [4] - Shanghai's carbon market has introduced various carbon financial products, significantly increasing green electricity consumption and achieving a 72% growth in carbon reduction credits used for compliance [5][6] Financial Products and Innovations - Shanghai has launched multiple innovative carbon financial products, including carbon pledges, carbon repurchase, and carbon insurance, effectively mobilizing over 800 million tons of carbon assets [6][7] - The introduction of the carbon neutrality index and the upcoming capital market transformation index aims to enhance the synergy between carbon markets and financial markets [7] International Context and Challenges - The EU's Carbon Border Adjustment Mechanism (CBAM) poses challenges and opportunities for Chinese export enterprises, particularly in high-carbon industries [8] - Companies are encouraged to track domestic and international policies, build carbon data management systems, and enhance their low-carbon management practices to adapt to evolving trade rules [8][9]