Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Views - Last week, carbon quota trading prices declined in the European, US, and South Korean carbon markets, while the trading volume in the South Korean carbon market increased significantly. The cumulative trading volume of carbon emission allowances in the national carbon market decreased, while the weekly trading volume in domestic pilot carbon markets increased substantially. Two important events occurred in the field of green development [1]. 3. Summary by Directory 3.1 International Carbon Trading Market Tracking - **European Carbon Quota Price and Volume**: EUA spot price dropped by 3.53% to 69.48 euros/ton, and the trading volume rose by 54.3% to 28.7 tons. EUA futures price decreased by 3.59% to 70.41 euros/ton, and the trading volume declined by 24.11% to 335.2 tons [5]. - **US Carbon Quota Price and Volume**: EUA futures price fell by 3.59% to 70.41 euros/ton, and the total trading volume decreased by 21.91% to 135.26 million tons. UKA futures price dropped by 0.83% to 51.26 pounds/ton [9]. - **South Korean Carbon Quota Price and Volume**: KAU24 spot price decreased by 0.11% to 8940 won/ton, and the trading volume soared by 132.64% to 118.81 tons [15]. 3.2 Domestic Carbon Market Tracking - **National Carbon Market Carbon Quota Volume and Average Transaction Price**: The cumulative trading volume of carbon emission allowances (CEA) was 212.23 tons, and the cumulative transaction amount was 145.6572 million yuan. Both the trading volume and transaction amount decreased by 37.57% and 39.44% respectively. The average daily transaction price of CEA was 68.42 yuan/ton, down 3.56% [19]. - **Weekly Average Transaction Price of Carbon Quotas in Domestic Pilot Provincial and Municipal Carbon Markets**: Except for Guangdong Province, the weekly average transaction price of carbon quotas in domestic pilot carbon markets showed an upward trend. Compared with the same period last month, except for Guangdong and Shenzhen, the prices in other regions also increased. Beijing had the largest increase of 21.17% [23]. - **Trading Volume and Transaction Amount of Carbon Quotas in Domestic Pilot Provincial and Municipal Carbon Markets**: Trading was mainly concentrated in the carbon markets of Guangdong, Hubei, Shenzhen, and Tianjin, accounting for 99.04% of the total weekly trading volume and 98.13% of the total weekly transaction amount. The total weekly trading volume in domestic pilot carbon markets was 29.44 tons, a significant increase of 357.3% [25]. 3.3 Tracking of Frontier Technologies in the Dual - Carbon Field - **Release of the Report "Prospects for Industrial Low - Carbon Technologies under China's Carbon Neutrality Goal"**: From 2025 - 2035, it will be a period of large - scale application of low - carbon process technologies in China's industrial sector. From 2035 - 2050, process - disruptive technologies will be in the application stage, and from 2050 - 2060, carbon removal technologies will be deeply applied. The report also put forward a series of policy suggestions [26]. - **CCUS Technology Becomes a Key Path for Deep Decarbonization, and Government - Enterprise Collaboration Builds a Green Industrial Ecosystem**: On May 30, the first domestic production base of Hopu Green Carbon (Shenzhen) Energy Technology Co., Ltd. broke ground. It will have an annual production capacity of 1.5 million tons of carbon dioxide capture equipment. Globally, the number of CCUS projects is growing rapidly, and China's CCUS technology research and engineering demonstrations have also made rapid progress [28].