中国核证自愿减排量(CCER)

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碳月报:全国碳市场价格承压震荡运行-20251010
Jian Xin Qi Huo· 2025-10-10 08:41
油) 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号:F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号:F3037892 硅)028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号:F3065843 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号:F3075681 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号:F03094925 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号:F03134307 数据来源:Wind,建信期货研究发展部 数据来源:Wind,建信期货研究发展部 碳月报 日期 2025 年 10 月 10 日 能源化工研究团队 研究员:李捷,CFA(原油燃料 研究员:任俊弛(PTA/MEG) 研究员:彭浩洲(工业硅/多晶 研究员:彭婧霖(聚烯烃) 研究员:刘悠然(纸浆) 研究员: ...
复旦大学可持续发展研究中心公布2025年10月复旦碳价指数
Zheng Quan Ri Bao Wang· 2025-10-08 09:28
在发布环节,研究中心总结了9月全国碳市场的运行情况:第一,价格方面,本月CEA的日均收盘价为 62.94元/吨,相较于8月的日均收盘价71.12元/吨大幅下降11.5%。本月碳价呈震荡下行走势,从月初的 69.41元/吨逐步走低至月末的59.16元/吨,跌下60元价格平台。第二,成交量方面,本月碳配额日均成 交量为136.78万吨,相较8月的71.95万吨增加约90%。本月市场交易的活跃度和稳定均明显提升,四分 之三的交易日成交量破百万吨,单日成交最高峰为9月26日的318.29万吨,反映出履约期将近的碳市场 交投热度大幅跃升。 据研究中心介绍,9月份,全球主要碳市场成交量整体回升,韩国碳市场出现下跌。同时,全球主要碳 市场月内走势分化,成交价环比涨跌不一。 研究中心模型计算得出,2025年10月全国碳排放配额(CEA)的买入价格预期为55.39元/吨,卖出价格预 期为60.63元/吨,中间价为58.00元/吨;买入价格指数为138.48,下跌19.09%;卖出价格指数为136.80, 下跌16.23%;中间价格指数为137.57,下跌17.64%。2025年12月全国碳排放配额(CEA)的买入价格预期 为6 ...
价跌量缩后,全国碳市场后市如何走?
Zheng Quan Shi Bao Wang· 2025-08-05 05:03
Group 1 - The national carbon market closed at 72.43 yuan/ton on August 1, showing a slight decrease of 0.07% from the previous day, and a decline of 3.39% from the end of June [1] - In July, the total trading volume of carbon emission allowances (CEA) was 11.6642 million tons, representing a significant decrease of 26.57% month-on-month, with the average daily trading volume dropping by 35.75% compared to June [1] - The Fudan University Sustainable Development Research Center noted that the carbon price fluctuated downwards in July, narrowing the price range from 74.28 yuan/ton at the beginning of the month to 72.33 yuan/ton by the end [1] Group 2 - The Fudan Carbon Price Index forecasts that by August 2025, the expected buying price for CEA will be 71.25 yuan/ton, while the selling price is expected to be 76.04 yuan/ton, with a midpoint of 73.65 yuan/ton [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 market is set to expand in 2025 to include industries such as steel, cement, and aluminum smelting, with new trading methods introduced [2] Group 3 - The Chairman of the Shanghai Environment and Energy Exchange stated that efforts will continue to enhance the development and improvement of the national carbon emission trading market mechanisms [3]
复旦大学可持续发展研究中心公布2025年8月复旦碳价指数
Zheng Quan Ri Bao Wang· 2025-07-29 07:11
Group 1 - The Fudan University Sustainable Development Research Center released the carbon price index for August 2025, including national carbon emission allowance (CEA) prices and China Certified Emission Reduction (CCER) prices [1] - The expected buy price for 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 [1] - The expected buy price for CCER in August 2025 is 76.25 CNY/ton, with a sell price of 83.59 CNY/ton, resulting in a midpoint price of 79.91 CNY/ton [1] Group 2 - The research center also published green certificate prices for centralized projects, distributed projects, and biomass power generation for 2024 and 2025 [2] - The expected price for green certificates from centralized projects for 2025 is 7.82 CNY/unit, while distributed projects are expected to be 6.94 CNY/unit, and biomass power generation is expected to be 6.77 CNY/unit [2] - Compared to July 2025, the prices of green certificates for 2024 and 2025 show mixed trends, with some prices increasing and others decreasing [2] Group 3 - In July, the average closing price for CEA was 73.64 CNY/ton, an increase of approximately 3% compared to June's average of 71.51 CNY/ton [3] - The average daily trading volume for carbon allowances in July was 51.03 million tons, a decrease of 35.75% from June's 79.42 million tons, ending a four-month increase in trading volume [3] - Despite the decrease in trading volume, it remains at a high level, showing a year-on-year increase of nearly 236%, indicating enhanced trading activity in the national carbon emissions trading market [3]
复旦碳价指数:2025年8月GEC价格指数走势分化
Cai Fu Zai Xian· 2025-07-29 03:28
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].
复旦碳价指数:2025年6月GEC价格指数全线上涨
Zhong Guo Chan Ye Jing Ji Xin Xi Wang· 2025-05-29 01:56
Group 1: Carbon Emission Allowance (CEA) and Certified Emission Reduction (CCER) Price Indices - The expected buy price for CEA in June 2025 is 68.36 CNY/ton, with a sell price of 74.78 CNY/ton, resulting in a midpoint price of 71.57 CNY/ton. The buy price index decreased by 12.77%, and the sell price index decreased by 9.54% [2] - The expected buy price for CCER in June 2025 is 82.84 CNY/ton, with a sell price of 92.74 CNY/ton, resulting in a midpoint price of 87.79 CNY/ton. The buy price index decreased by 3.37%, and the sell price index decreased by 6.18% [2] Group 2: Green Electricity Certificate (GEC) Price Indices - The price indices for GECs for 2024 and 2025 show an overall increase. The expected price for centralized projects in 2025 is 6.85 CNY/unit, with a price index of 124.55, while for distributed projects, it is 6.40 CNY/unit with a price index of 129.86 [3] - The price for biomass power generation GEC in 2025 is expected to be 6.16 CNY/unit, with a price index of 119.43. The price increases for 2025 production GECs are significantly higher than those for 2024 production [3] Group 3: Market Activity and Regulatory Developments - In May, the average closing price for CEA was 70.30 CNY/ton, down approximately 13% from April's average of 80.87 CNY/ton. The trading volume increased significantly, with an average daily transaction volume of 57.97 million tons, doubling from April [5] - The draft of the Ecological Environment Law, which includes provisions for establishing a carbon market trading system, is currently under review. This law aims to strengthen the control of greenhouse gas emissions and support the operation of carbon markets [6][7] Group 4: Global Carbon Market Trends - The global carbon market showed mixed trends in May, with varying transaction volumes across different markets. The EU carbon market saw a 24.11% decrease in average daily transaction volume, while the UK market increased by 5.03% [8] - Carbon prices in major global markets generally increased, with the EU market rising by 9.44%, the UK market by 14.43%, and the Korean market by 4.71% [8]
全国碳排放权交易市场迈向新阶段
Zhong Guo Dian Li Bao· 2025-05-14 02:13
Core Viewpoint - The 20th National Congress of the Communist Party of China emphasizes the need to deepen ecological civilization reforms and promote a carbon trading market to achieve carbon peak and carbon neutrality goals [1] Group 1: Carbon Market Development - The national carbon emissions trading market currently covers 2,257 key emission units in the power generation sector, accounting for approximately 5.1 billion tons of CO2 emissions annually, which is about 40% of the national total [1] - The current carbon market is limited in industry coverage and has low market activity due to high homogeneity among participants, necessitating the inclusion of more high-emission industries such as steel, cement, and aluminum [1][2] - The Ministry of Ecology and Environment has issued a plan to gradually include the steel, cement, and aluminum industries into the national carbon emissions trading market, aiming to enhance carbon reduction efforts and create a more effective carbon market [1][2] Group 2: Policy Implementation and Mechanisms - The plan aims to expand the market coverage by incorporating around 1,500 enterprises from the steel, cement, and aluminum sectors, focusing on those with annual greenhouse gas emissions of 26,000 tons of CO2 equivalent [2] - It establishes a unified management system for emissions across various industries, enhancing the carbon pricing mechanism and encouraging companies to prioritize carbon management [2] - The plan outlines a multi-layered and differentiated collaborative control model for direct and indirect greenhouse gas emissions, integrating the carbon trading market with renewable energy and green certificate markets [2] Group 3: Data Management and Monitoring - The plan emphasizes improving carbon emission accounting standards and data governance, requiring enterprises to conduct high-quality measurements of key parameters and explore online monitoring technologies [3] - It mandates monthly verification of key parameters by major emission units and implements a three-tier data quality audit system to enhance transparency and reliability in the carbon trading market [3] Group 4: Allocation of Carbon Quotas - The plan details a phased approach to carbon quota allocation for the steel, cement, and aluminum industries, with the 2024 quota based on verified actual emissions, avoiding compliance costs for enterprises [4] - Future quotas for 2025 and 2026 will be determined based on carbon intensity, with a focus on minimizing the impact on normal business operations [4] - The plan aims to gradually tighten total quota limits to facilitate the transition of these industries towards green and low-carbon practices [4] Group 5: Recommendations for Policy Enhancement - The plan suggests establishing a long-term management mechanism for carbon emissions rights, gradually reducing annual quota totals while ensuring alignment with industry development stages [5][6] - It advocates for the integration of various policies to promote the collaborative development of carbon and electricity markets, enhancing the market's overall effectiveness [6]