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Global Carbon Market Price Volatility


Release time:

2024-03-25

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Global Carbon Market Price Volatility

The Korean Carbon Market

From August 30 to September 3, 2021, the carbon price in South Korea fluctuated around US $24/ton.

New Zealand Carbon Market

From August 30 to September 3, 2021, the carbon price in New Zealand increased sharply, from US $36.5/ton to US $42.5/ton, an increase of 16.4.

US Regional Greenhouse Gas Reduction Actions (RGGI)

The initial grant of allowances in the RGGI carbon market is based on auctions, which are held quarterly. The average auction price in the second quarter of 2021 was $7.97/tonne, up 4.9 percent from the first quarter. The total volume of the auction for the US regional greenhouse gas emission reduction action was 22.99 million tons.

California, USA-Quebec Carbon Market, Canada

California, USA-The initial grant of allowances for the Quebec Carbon Market in Canada is dominated by auctions, which are held quarterly. The average price of the 28th auction in August 2021 hit a record high of $23.34/ton, up 24.4 percent from the previous quarter, with a total turnover of 79.58 million tons.

China's carbon market

Since September, the national carbon price has remained around 45 yuan/ton, reflecting the temporary weakness of market transactions at the stage. Due to the incomplete entry of the enterprises included in the carbon market at this stage, the available trading volume in the carbon market is not fully covered, and most of the available trading volume of the enterprises entering the market has been completed, resulting in a short-term weakness in the market at this stage. In the future, there is still a large trading space in the national carbon market. With all the enterprises included in the market, the carbon price may usher in a new round of market.

Article from: Polaris carbon housekeeping network