China Carbon Prices Slump

Copyright © 2021 Energy Intelligence Group

Prices on China’s seven-week-old carbon market have slumped to a low this week, contrasting with the rising trend in the New Zealand emissions trading scheme (ETS). The Chinese ETS closed Tuesday at 43.90 yuan/ton ($6.80) -- the lowest since its Jul. 18 launch and 14% down from the launch day close of 51.23 yuan. Trading volumes, at 2,000 tons on Sep. 7, were also sharply down from the launch day level of 4.1 million tons.

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