Annual trading volume of China's carbon market hits record high


SHANGHAI, Sept. 24 (Xinhua) -- By the end of August, the cumulative trading volume of China's carbon emissions rights trading market was nearly 700 million tonnes, with a trading value of approximately 48 billion yuan (about 6.6 billion U.S. dollars).

Notably, the total transaction volume for the whole of 2024 was the highest since the market began trading in 2021, according to a report on the development of the national carbon market, which was released during the China Carbon Market Conference 2025 in Shanghai on Wednesday.

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