Energy Insider: China’s Carbon Market Prices Expected to Rise
In today’s Caixin energy news wrap: China is adding more solar power capacity in clean energy push; regulators step up scrutiny of price surges for coal and iron ore; coal miners pile up record profits.
China’s carbon prices expected to rise 20% annually
Analysts said they expect the carbon price on China’s national emissions trading system to rise 20% annually and reach 87 yuan ($13.70) per ton by 2025. The average price in the recently completed first compliance period was 43.85 yuan per ton. According to a survey conducted by consultancy ICF and SinoCarbon, market participants said they expect the price to jump to 49 yuan per ton this year. By 2030, China’s carbon prices are forecast to reach 140 yuan per ton.
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