Group 1 - The national carbon emissions trading market has completed its institutional framework and is now in a stable and effective operational phase, marking a new stage in its development [1][4] - As of October 28, 2025, the cumulative trading volume of carbon emission allowances reached 760 million tons, with a total transaction value of 51.44 billion yuan, indicating the gradual effectiveness of the price "guiding role" [2] - The inclusion of key emission units, approximately 1,500 new entities, will enable effective control over more than 60% of the national carbon emissions [2] Group 2 - The voluntary greenhouse gas reduction trading market has been actively promoting trading since its launch in January last year, enhancing the participation capacity and low-carbon reduction awareness among market entities [6] - The upcoming 30th United Nations Climate Change Conference aims to achieve positive outcomes, emphasizing the necessity of collective climate action and international cooperation [7] - China will adhere to the principles of the UN Framework Convention on Climate Change and the Paris Agreement, advocating for developed countries to fulfill their climate obligations while balancing negotiations on mitigation, adaptation, funding, technology, and capacity building [9]

Group 1 - The national carbon emissions trading market in China has established a basic framework over the past four years, with stable and effective market operations, marking a new phase in its development [1][3] - As of October 28, 2025, a total of 760 million tons of carbon emission allowances have been traded, generating a transaction value of 51.44 billion yuan, indicating the gradual emergence of a price "guiding role" [1] - The steel, cement, and aluminum smelting industries are continuously being integrated into the national carbon emissions trading market, with approximately 1,500 new key emission units added, which will effectively manage over 60% of the national carbon emissions [1] Group 2 - The voluntary greenhouse gas emission reduction trading market in China has been operational since January of last year, with active trading of reduction volumes, demonstrating the market's role in incentivizing low-cost greenhouse gas reduction actions across various industries [5] - The capacity of market participants and awareness of low-carbon reduction have significantly improved, reflecting the effectiveness of the market mechanism [5] Group 3 - China aims to promote positive outcomes at the upcoming 30th United Nations Climate Change Conference, emphasizing that no country can remain isolated in the face of the climate crisis [6][7] - The country will adhere to the framework of the United Nations Framework Convention on Climate Change and the Paris Agreement, advocating for the principle of "common but differentiated responsibilities" [9] - China calls for developed countries to fulfill their obligations regarding climate change while balancing negotiations on mitigation, adaptation, funding, technology, and capacity building [9]

Core Viewpoint - The recent fluctuations in the national carbon emissions trading market are normal and influenced by multiple factors, including supply and demand, market expectations, and trading behavior [3] Group 1: Carbon Market Developments - The Ministry of Ecology and Environment plans to expand the coverage of the carbon market, prioritizing total quota control in stable carbon emission industries by 2027 [4] - The inclusion of the steel, cement, and aluminum industries in the carbon market aims to enhance emission reduction responsibilities and support national greenhouse gas emission control goals [4][5] - The carbon market has already reduced overall emission reduction costs by approximately 35 billion RMB during the first two compliance periods, with further reductions expected as more industries participate [5][6] Group 2: CCER Market Progress - As of October 28, the voluntary greenhouse gas reduction trading market has registered 31 projects and achieved a cumulative transaction volume of 3.25 million tons of CCER, with a transaction value of 27 million RMB [7] - The CCER market is expanding its support to various projects, including afforestation carbon sinks and offshore wind power, with ongoing efforts to develop new methodologies [8] - Future efforts will focus on expanding market support areas, improving data quality supervision, and enhancing international cooperation to increase the carbon market's global influence [8]

Core Insights - The national carbon emissions trading market in China has seen a cumulative trading volume of nearly 700 million tons and a transaction value of approximately 48 billion yuan as of the end of August 2024, marking a record high since the market's launch in 2021 [1] - The market's trading activity is increasing, with a daily average trading volume of carbon emission allowances rising by 43.55% compared to the previous compliance cycle, resulting in a total trading volume of 18.9 million tons and a transaction value of 18.114 billion yuan for the year 2024 [1] - The carbon intensity of electricity generation in China has decreased by 10.8% compared to 2018 levels [1] Market Developments - In March 2024, the steel, cement, and aluminum smelting industries were included in the national carbon emissions trading market, leading to the addition of over 1,300 new key emission units, which now account for over 60% of the total carbon dioxide emissions in the country [1] - The voluntary greenhouse gas reduction trading market has been introduced as a significant policy tool to achieve China's "dual carbon" goals, with the first batch of newly registered certified voluntary emission reductions starting trading in March 2024 [1] - As of the end of August 2024, the voluntary trading market has recorded a cumulative trading volume of 2.7061 million tons and a transaction value of 22.9 million yuan, with transaction prices exceeding 100 yuan per ton multiple times [1]

Core Insights - The national carbon emissions trading market in China has seen a cumulative trading volume of nearly 700 million tons and a transaction value of approximately 48 billion yuan as of the end of August 2023, with 2024 expected to set a new annual record since the market's launch in 2021 [1][1][1] Market Performance - In 2024, the carbon emissions trading market operated for 242 trading days, with an average daily trading volume of carbon emission allowances increasing by 43.55% compared to the previous compliance cycle, resulting in a total trading volume of 18.9 million tons and a transaction value of 18.114 billion yuan [1][1][1] - The carbon emissions intensity of the national power sector decreased by 10.8% compared to 2018 [1][1][1] Industry Inclusion - As of March 2023, the steel, cement, and aluminum smelting industries were included in the national carbon emissions trading market, leading to over 1,300 new key emission units being added, which now account for over 60% of the total carbon dioxide emissions in the country [1][1][1] Voluntary Emission Reduction Market - The national voluntary greenhouse gas emission reduction trading market has been introduced as a significant policy tool to achieve the "dual carbon" goals, with the first batch of newly registered certified voluntary emission reductions starting trading in March 2023 [1][1][1] - As of the end of August 2023, the voluntary trading market has recorded a cumulative trading volume of 2.7061 million tons and a transaction value of 229 million yuan, with transaction prices exceeding 100 yuan per ton multiple times [1][1][1]

Group 1 - The national carbon emissions trading market in China has achieved a cumulative trading volume of nearly 700 million tons and a transaction value of approximately 48 billion RMB as of the end of August 2023, with the 2024 annual transaction value reaching a new high since the market's launch in 2021 [1] - In 2024, the carbon emissions trading market operated for 242 trading days, with an average daily trading volume of carbon emission allowances increasing by 43.55% compared to the previous compliance cycle, resulting in a total trading volume of 18.9 million tons and a total transaction value of 18.114 billion RMB, marking the highest level since the market's inception [1] - The carbon emissions intensity in the power sector decreased by 10.8% in 2024 compared to 2018, with the carbon market playing a significant role in this reduction [1] Group 2 - The national voluntary greenhouse gas emission reduction trading market has been introduced as an important policy tool to support the achievement of China's "dual carbon" goals, with the first batch of newly registered certified voluntary emission reductions starting trading in March 2025 [2] - As of the end of August 2023, the cumulative trading volume of the national voluntary greenhouse gas emission reduction trading market reached 2.7061 million tons, with a transaction value of 229 million RMB, and the average transaction price frequently exceeding 100 RMB per ton [2]

新浪财经ESG评级中心提供包括资讯、报告、培训、咨询等在内的14项ESG服务，助力上市公司传播 ESG理念，提升ESG可持续发展表现。点击查看【ESG评级中心服务手册】 市场交易主体参与意愿增强。2024年，全国碳排放权交易市场参与交易的重点排放单位共计1471家，较 上一个履约周期增加1.38%。2024年每个交易日均有成交，全年成交笔数同比增长18%。市场供给逐步 提升，交易活力稳步释放，配额惜售现象得到缓解，2024年卖出配额的重点排放单位数量较上一个履约 周期增加11.24%。 2025年以来，重点排放单位交易意愿有所增强。截至8月底，挂牌协议交易的买入和卖出委托总量较去 年同比上涨232%。钢铁、水泥、铝冶炼行业纳入全国碳排放权交易市场后，三个行业重点排放单位积 极开立交易账户，截至2025年8月底，新纳入行业重点排放单位已开设交易账户1277家。 同时，交易产品和方式逐步丰富。全国碳排放权交易市场的交易产品为配额现货。2023年以来，生态环 境部对配额按照发放年份进行了标记，每个年份的配额作为独立交易标的在市场自由流通和交易。截至 2025年8月底，已发布"碳排放配额19-20""碳排放配额21" ...

Core Insights - The national carbon emissions trading market in China has reached a historic high in scale, as reported in the "National Carbon Market Development Report (2025)" released during the China Carbon Market Conference held on September 24, 2025 [1] Market Performance - In 2024, the national carbon emissions trading market operated for 242 trading days, with the average daily trading volume of carbon emission allowances increasing by 43.55% compared to the previous compliance period [1] - The total trading volume for the year reached 189 million tons, with a total transaction value of 18.114 billion yuan, marking the highest level since the market's inception in 2021 [1] Environmental Impact - The carbon emissions intensity of the national electricity sector decreased by 10.8% in 2024 compared to 2018, indicating the significant role played by the carbon market in achieving this reduction [1] Technological Advancements - The report highlights the use of big data and blockchain technology to enhance regulatory efficiency and improve data quality risk management within the carbon market [1]

近日，首批从业人员在广州交易集团考场参与碳排放管理员职业技能等级认定考试。通过考核的人员可 获得职业技能等级证书，享受国家人才政策待遇，领取职业技能提升补贴。 此次考试是国家职业技能评价系统公示后，广东省开展的首次碳排放管理员职业技能等级认定。作为全 国首个落地认定的涉碳职业，碳排放管理员的首次开考，意味着广东在低碳职业人才培育机制上正式按 下"启动键"，同时为湾区绿色低碳人才培养树立了"领航帆"。 广州交易集团旗下广州碳排放权交易中心（以下简称广州碳交中心）是全国首批七个碳排放权交易试点 之一。十余年间，广州碳交中心始终致力于为社会提供专业的低碳能力建设服务，总计培训人数破2万 人，影响辐射海内外，培训质量广受好评。 经广东省人社厅统一遴选，今年6月，广州交易集团正式备案成为广东省社会培训评价组织，是广东省 内唯一可开展碳排放管理员全工种、全等级职业技能等级认定的机构。广州交易集团严格按照职业技能 等级认定相关政策要求，围绕场地、系统、培训、考评等工作，搭建了规范的职业技能等级认定体系。 ...

Core Insights - The "dual carbon" goals have been emphasized as China marks the fifth anniversary of their proposal, with a focus on reducing carbon dioxide emissions intensity during the 14th Five-Year Plan period [1][2] Group 1: Carbon Emission Reduction Efforts - China's carbon dioxide emissions intensity has been continuously decreasing during the 14th Five-Year Plan period [1] - The country has established the world's largest and fastest-growing renewable energy system, achieving its 2030 national contribution target for wind and solar power installations ahead of schedule [1] - The national carbon market has been effectively managing over 60% of the country's carbon dioxide emissions, with a cumulative trading volume of 714 million tons and a total transaction value of 48.961 billion yuan as of September 18, 2025 [1] Group 2: Climate Change Adaptation and Standards - China is leading the development of a product carbon footprint management system, having released over 100 carbon footprint accounting standards and established a national greenhouse gas emission factor database [2] - The implementation of the "National Climate Change Adaptation Strategy 2035" outlines long-term goals for adapting to climate change, including the development of 39 climate-adaptive city pilot projects [2] - Future efforts will focus on enhancing the carbon market's effectiveness and international influence, improving product carbon footprint accounting standards, and promoting green and low-carbon transitions to increase the "green content" of economic development [2]