Analysis of Global Power Market
Analysis of China's Power Operation Market
Carbon Trading Price
Average Carbon Trading Price and Volume,
China, 2013-2018
90
10
-60
50
50
40
40
10
•
•
Highlights
In China, the carbon market saw a significant growth
in trading volume, increasing from 0.4 million tonnes in
2013 to 59.1 million tonnes in 2018, presenting a
CAGR of 178.6%. On the contrary, the average
carbon trading price decreased from RMB 64.6 per
tonne in 2013 to the lowest point, RMB 17.2 per tonne
in 2017, and then bounced to RMB 21.1 per tonne in
2018, with a CAGR of -20.1%.
Since the carbon market in China is still at the early
stage, the majority of emission allowance quota
allocated freely to emission companies. In the future,
with the maturity of carbon trading in China, the
proportion of non-gratuitous emission allowance will
increase, additionally, the supervision of emission will
increasingly strengthen, which will lead to increasing
carbon trading price.
In 2017, the NDRC issued the "National Carbon
Emission Trading Market Construction Plan (Power
Generation Industry)”(全国碳排放权交易市场建设方案
()), which indicated the completion of the
overall design of China's carbon trading system. As a
large carbon emitter, thermal power sector will be
important in the carbon trading market which will
encourage the development of low-emission
technology for thermal power. On the other hand,
clean energy power plants will benefit from carbon
trading due to its characteristics of zero emission.
SULLIVAN
Source: Frost & Sullivan
75
Million tonne
RMB/tonne
80
100
CAGR (13-18)
Average Price
-20.1%
70
Trading Volume
178.6%
80
59.1
60
70
50
50
64.6
40
40
30
50
20
20
10
10
47.3
51.7
47.6
30
21.1
19.5
17.2
26.0
20
28.8
6.6
0.4
0
2013
2014
2015
2016
2017
2018
Trading Volume
Average Price
FROSTView entire presentation