China’s national carbon emissions registry and settlement centre, headquartered in Wuhan, Hubei Province, has crossed a cumulative transaction-registration threshold of ¥10 billion. The national carbon market that the registry underpins has now operated for more than 1,000 consecutive days, with aggregate clearing surpassing ¥100 billion. Annual coverage reaches more than 8 billion tonnes of carbon-dioxide equivalent — roughly 65% of China’s total national emissions. The registry has provided account and entitlement services to 3,761 designated emitting entities, processed nearly 2,000 account amendments, and handled more than 40,000 business consultations, maintaining a reported customer satisfaction rate of 100%.
Hubei Province is formally positioning Wuhan as a global carbon trading hub. A climate change exhibition and education centre co-located with the registry complex has received more than 200 study and research delegations totalling over 4,000 visitors since opening — including diplomatic missions from multiple countries and participants in South-South cooperation training programmes. The venue displays more than 60 technologies across five low-carbon domains, including Wuhan University’s MSCC-ET carbon capture process, salt-cavern compressed-energy storage, hydrogen-powered two-wheelers, and an integrated satellite-ground emissions monitoring network. The registry has co-established research laboratories with universities and assembled a pool of nearly 90 nationally designated senior experts. Internationally, the registry has presented China’s carbon market model at UNFCCC side events, at the China Carbon Market Conference, and at a bilateral regional forum referred to in the source as the Two Lakes Dialogue.
Carbon Market Context
- China presented carbon trading as a central instrument of its climate governance approach at the UN Climate Action Summit, where it outlined its domestic positions and actions. The national carbon market’s current scale — covering 65% of national emissions and crossing ¥100 billion in cumulative clearing — reflects the build-out pace since those commitments were articulated on the international stage.
- Bilateral EU-China climate engagement, including the 2019 New York meeting between EU Climate Commissioner Miguel Arias Cañete and China’s Special Representative on Climate Change Xie Zhenhua, established an early foundation for cross-border reference-sharing on carbon market design; the Wuhan registry’s expanding diplomatic exchange programme extends that tradition.
- China’s 2025 survey of the Huangyan Dao Blue Hole — examining marine carbon-sink dynamics — reflects a parallel national research investment in ecological carbon sequestration, one of the five low-carbon technology domains actively showcased at the Wuhan exhibition centre alongside the ETS infrastructure.
Source
- 湖北碳市场成交额破百亿，碳金融规模占全国六成Wuhan Municipal Ecological Environment Bureau (武汉市生态环境局), published 2026-04-13 — reported via 碳交易网 (tanjiaoyi.com)