Energy Insider: China’s Carbon Market Volume Tops 100 Million Tons

In today’s Caixin energy news wrap: China’s photovoltaic development misses expectations for 2021; Datang’s solar panel generation triples; China’s crude steel production expected to drop; State Power Investment signs long-term LNG contract with BP; GCL-Poly to raise $640 million via share placement.

China’s carbon market volume tops 100 million tons

Daily trading volume of China’s national emissions trading system surged to an average of 2.64 million tons in November, hitting a record high of 14.88 million tons Tuesday, as the first compliance period comes to end. Cumulative trading volume topped 100 million tons with a total value of 4.4 billion yuan ($560 million) by Wednesday.