The national carbon market has a cumulative turnover of 194 million tons in one year

On July 16, the Shanghai Environment and Energy Exchange held the 2022 China International Carbon Trading Conference
.
The meeting released news that the national carbon market, which was officially launched on July 16 last year, has accumulated a total transaction volume of 194 million tons of carbon emission allowances (CEA) and a cumulative transaction value of 8.
492 billion yuan in the past year
.

According to data released by the Shanghai Environment and Energy Exchange, from July 16, 2021 to July 15, 2022, the national carbon market operated for 52 weeks and 242 trading days, and the cumulative number of companies participating in the transaction accounted for more than half of the total number of key emission units.

.
From the perspective of transaction volume, the national carbon market has transactions every trading day since the market opened, and the transaction volume changes significantly with the performance cycle
.
The transaction price has risen slightly over the past year.
The opening price on the first day a year ago was 48 yuan per ton, and the current price is around 60 yuan per ton
.

It is understood that the construction of a national carbon market is a major institutional innovation to use market mechanisms to control and reduce greenhouse gas emissions and promote green and low-carbon development
.
The government issues carbon emission quotas to enterprises through corresponding mechanisms.
Once the actual emissions of enterprises exceed the quotas they own, enterprises need to purchase quotas from other market players in the carbon trading market to complete the compliance
.