EU
The European Union Allowance (EUA) prices for June averaged at EUR 70.17 per tonne, down 3.61% from the previous month. EUA prices fell below EUR 70 per tonne in June, with minimal volatility. As temperatures rise, the increased use of air conditioning has led to higher energy demand, driving up demand for carbon allowances in the power sector. Additionally, the accelerated economic recovery in some EU member states has boosted industrial activities, thus increasing EUA demand. EUA prices will be supported by the further tightening of EU policy going forward, as well as the seasonal growth in energy demand.
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China
The China Emission Allowance (CEA) prices for June averaged at RMB 94.18 per tonne, down 4.18% from the previous month. CEA prices declined in June compared to the previous month but remained above RMB 90 per tonne. Significant price fluctuations occurred at the beginning and middle of the month, peaking at RMB 96.48 per tonne. Towards the end of the month, CEA prices eased due to uncertainty about future policies. The market anticipates more rigorous emission standards in the future, leading to a wait-and-see approach, which affects price trends. Moving forward, China's carbon market still has potential in trading volume. As the timeframe of the policies is clarified and the market adapts accordingly, demand is expected to pick up slightly, supporting a rebound in carbon prices.