The trading volume of China’s national carbon market hit 194 million tonnes, with a cumulative turnover of 8.49 billion yuan (US$1.26 billion), since its launch on July 16, 2021, the data released by Shanghai Environmental and Energy Exchange showed.
China’s national carbon market has now become the largest carbon spot market in the world.
China aims to peak CO2 emissions by 2030 and fulfill the goal of carbon neutrality by 2060. As one of the policies to achieve the climate target, China’s carbon market has run smoothly over the past year, with the trading prices slightly increased. The carbon price opened at 48 yuan (US$7.1) per ton on the first trading day and is around 60 yuan (US$8.9) per ton recently.
