http://j.people.com.cn/n3/2025/0108/c95952-20263397.html
According to the Ministry of Environment, the allocation trading and settlement procedures for China’s national carbon emissions trading market for 2024 at the end of 2024 was 630 million tons and the cumulative trading volume was 43.033 billion CN¥.
China’s carbon emissions are mainly concentrated in major industries such as
- power generation,
- steel,
- building materials,
- non-ferrous metals,
- petrochemicals,
- chemical industry,
- papermaking, and
- aviation
The greenhouse gas emissions of these eight industries account for about 75% of China’s total. Currently, the greenhouse gas emissions of the power generation industry included in the national carbon emissions trading market account for about 40% of China’s total emissions.
According to the “Total Amount and Distribution Plan of the National Carbon Emissions Trading Power Generation Industry Quota for 2023 and 2024”, a total of 2,096 major emitters in the power generation industry are included in the quota management of the national carbon emissions trading market for 2023, covering approximately 5.2 billion tons of annual carbon dioxide emissions.
The national carbon emissions trading market is an important institutional innovation that uses market mechanisms to control and reduce greenhouse gas emissions and promote the green and low-carbon transformation of economic development. The national carbon emissions trading market began trading on July 16, 2021. In 2024, the quota trading volume was 189 million tons, the trading amount was 18.114 billion yuan, and the trading scale has been continuously expanding.
The closing price of the trading amount at the end of the year was 97.49 CN¥ per ton, up 22.75% from the end of 2023.