China’s national carbon market advanced steadily across all five sessions in the week ending June 26, with daily settlement prices rising from ¥82.05 per tonne on Monday to ¥83.11 per tonne on Friday. An intraday high of ¥85.00 per tonne was reached during Friday’s session before the market closed lower. Weekly volume totalled approximately 5.24 million tonnes, generating turnover of around ¥427 million; the two final sessions each contributed more than one million tonnes of activity, suggesting building momentum into the week’s close.
Among China’s sub-national pilot markets, Beijing allowances averaged ¥98.30 per tonne on weekly volume of around 5,300 tonnes — the highest average of all markets in the weekly summary. Shanghai pilots recorded an average of ¥54.79 per tonne on approximately 525,500 tonnes. Guangdong averaged ¥37.61 per tonne on roughly 141,900 tonnes. Hubei’s pilot market transacted 651,244 tonnes for total turnover of approximately ¥13.6 million; the market’s 24th carbon price index period of 2026 ranged from 34.00 to 35.45 during the week. Tianjin listed a reference price of ¥28.00 per tonne with no transactions recorded; Fujian similarly posted ¥20.61 per tonne with zero activity; Sichuan reported neither a price reference nor any volume.
EU Allowance prices rose from approximately €78.57 per tonne to €80.38 per tonne over the reporting window, on aggregate volume of roughly 12.03 million tonnes across the available sessions.
Carbon Market Context
- The voluntary afforestation/reforestation credit segment operates at a markedly smaller scale than the compliance markets reported above: six projects in this pathway account for a combined approximately 305,000 tCO2e in total quantified removals, with around 230,000 tCO2e issued as credits and 75,000 tCO2e retired — a volume dwarfed by the national ETS’s 5.24 million tonnes traded in this single week.
- Methodologies relevant to forest-based removal quantification in this segment include the ACR Afforestation & Reforestation of Degraded Lands standard (ACR-AR-DEGRADED-LANDS-V1-2) and Isometric Reforestation v1.2 (ISOMETRIC-REFORESTATION-V1-2), which establish the MRV frameworks for nature-based credits that can complement — or in some pilot structures interact with — compliance instruments such as those tracked in this weekly summary.
- The CSI Global Tree C-Sink guidelines (CSI-GLOBAL-TREE-C-SINK-4000001EN-V1-0) provide a separate certification pathway for tree-based carbon sinks, representing an additional route to market for forestry-focused project developers navigating the jurisdictional price band visible in this week’s pilot data.
- Active developers in the afforestation/reforestation credit space include Varaha Climate AG Private Limited, Clean Air Action Corporation, Global Evergreening Alliance, Livelihoods Fund SICAV SIF, and The PURE PROJECT SAS.
Source
- 【CEA周报】全国碳市场每周综合价格行情及成交信息20260622-20260626Shanghai Environment and Energy Exchange / CNEEEX (上海环境能源交易所), published 2026-06-26 — reported via 碳排放交易网 (tanpaifang.com)