China Carbon Watch: Trading, Prices Rebounded in May

Trading in China’s national carbon emissions allowance (CEA) market totaled 1.23 million tons in May, an increase of 17% from the month before, but still well below the median of all past monthly total volumes.

Most of this increase came from a rebound of the open market transaction volume to near its historic monthly median after two months of extremely low volumes.

Block trades, however, still dominated, accounting for 83% of May’s total volume. There was not any noteworthy policy or market news during the month.