Transactions in the national carbon market have increased, and the carbon price is relatively strong. The transaction volume of carbon quota (CEA) in the national carbon trading market was 1.4773 million tons, with a significant increase month on month. The average transaction price was 58.86 yuan / ton, with a month on month increase of 3.92%; The local pilot market quota traded 270600 tons, down 3.52% month on month, and the transaction amount was 107905 million yuan, down 28.60% month on month.
On Friday, 1393600 tons were traded in the national carbon market on a single day, which enlarged the turnover of the national carbon market on a month on month basis. However, in the non performance period, the overall transaction activity of the market is low. At present, the Ministry of ecological environment has not given a new round of carbon quota pre allocation plan and time. If the pilot market rules are followed, the pre allocation will be carried out in March. In the case of limited market stock quota, it is expected that the overall turnover of China’s carbon market will continue to remain depressed.
EU EUA prices fluctuated at a high level. Previously, some EU members considered amending the mechanism of the EU emission trading system to curb institutional investors from hoarding carbon quotas and prevent excessive increases in the price of carbon quotas. However, the geopolitical crisis has led to a sharp rise in natural gas prices in Europe, which is bound to increase the short-term demand of EUA. EU carbon prices are expected to remain high and volatile in the short term.
On the news side, China is formulating a carbon neutralization plan and technology roadmap for scientific and technological support of carbon peak, exploring better methods, more paths and more achievements, so as to provide diversified solutions for reducing carbon emissions; Shanghai will explore the establishment of regional individual carbon accounts and connect carbon inclusive emission reduction with Shanghai’s carbon market; Li Xinchuang, Secretary of the Party committee of the metallurgical industry planning and Research Institute and vice president of China Iron and Steel Industry Association, said that the iron and steel industry has a heavy task of achieving carbon peak, and output control is an important measure.
