Since the launch of the Carbon Emissions Trading Exchange in China over the past two and a half years, this market has been overall stable. It covers annual carbon dioxide emissions of about 5.1 billion tons, making it the world's largest carbon market in the world in terms of greenhouse gas emissions covered.

Taking the power generation industry as a starting point, China Carbon Emissions Trading Exchange officially opened in July 2021 and has successfully gone through two compliance periods. The first period was from 2019 to2020while the second one was in 2021 and 2022. The market has reached the expected development goal.

Currently, the market is performing steadily:

Firstly, compared to the first compliance period, there has been a significant increase in market activity during the second period. By the end of last year, the total trading volume in China Carbon Emissions Trading Exchange reached 440 million tons, with a transaction value of about 24.9 billion yuan. The trading volume during the second period increased by 19% compared to the first one, and the transaction value increased by 89%.

Secondly, the overall carbon price has shown a stable upward trend. The price has risen from about 48 yuan per ton at the start to about 80 yuan per ton, an increase of about 66%. The enthusiasm of enterprises participating in the trading during the second compliance period has significantly increased, with 82% of them participating in the trading, which was nearly 50% higher than the participation rate in the first period.

Source:Yangcheng Evening News

中国建成全球覆盖温室气体排放量最大碳市场

中国碳排放权交易市场启动两年半以来，总体运行平稳，目前已覆盖的二氧化碳年排放量约51亿吨，成为全球覆盖温室气体排放量最大的碳市场。

中国碳排放权交易市场以发电行业为突破口，2021年7月正式开市，目前已经顺利完成了两个履约周期，第一个履约周期是2019—2020年，第二个履约周期是2021年、2022年，实现了预期的建设目标。

目前市场表现平稳向好：

一是市场活跃度和第一个履约周期相比，第二个履约周期有明显提升。截至去年底，全国碳排放权交易市场累计成交量达到4.4亿吨，成交额约249亿元。第二个履约周期成交量比第一个履约周期增长了19%，成交额比第一个履约周期增长了89%。

二是碳价整体呈现平稳上涨态势。由启动时的每吨48元上涨至每吨80元左右，上涨66%左右。第二个履约周期企业参与交易的积极性明显提升，参与交易的企业占总数的82%，比第一个履约周期上涨了近50%。

文 | 记者 刘克洪
译 | 邹晓华