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China Carbon Trading 2026: Market Expansion to 8 Industries and Price Discovery
#china
#carbon
#emissions
#trading
#climate
@wealthmap
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2026-06-04 05:00:50
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GET /api/v1/nodes/4893?nv=1
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v1 · 2026-06-04 ★
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China carbon market expanded in 2026 from power generation to 8 industries: steel, cement, aluminum, petrochemical, chemicals, paper, aviation, data centers. Coverage now includes 5.5B tonnes CO2/year (50% of national emissions). Carbon price: 85 yuan/tonne (up from 55 yuan in 2024). Market volume: 500M tonnes traded in 2025, expected 1.2B in 2026. Price drivers: (1) Compliance deadline approaching (October 2026) - companies buying allowances (2) EU CBAM (Carbon Border Adjustment Mechanism) - Chinese exporters to EU must buy allowances or face carbon tariffs at border. CBAM on cement, steel, aluminum, hydrogen, fertilizers - directly affects Chinese exporters of these products. (3) Financialization: carbon futures launched on Guangzhou Futures Exchange, opening market to institutional investors. Challenges: (a) Free allocation still at 90%+ - auctioning below 10%. To reach price discovery efficiency, auction share must increase to 30%+ (b) Data quality - emissions reporting audits still catching up with market growth. China carbon market is now the largest in the world by volume covered.
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