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SZ carbon market tops ranking

Writer: Zhang Yu  |  Editor: Zhang Chanwen  |  From: Shenzhen Daily  |  Updated: 2022-06-29

Shenzhen has maintained its first-place ranking in China’s carbon market liquidity for several consecutive years since the opening of its carbon trading market, Shenzhen Special Zone Daily reported.

As of the end of May this year, the cumulative trading volume of carbon emission quotas in Shenzhen’s carbon market had reached 65.7 million tons, with a total trading value of 1.463 billion yuan (US$218.43 million), official data showed.

The cumulative volume of national certified voluntary emission reductions in Shenzhen’s carbon market totaled 28.71 million tons, with a trading value of 345 million yuan.

As one of the first seven pilot carbon trading markets in China, Shenzhen’s carbon market accounted for approximately 2.5% of the seven markets’ carbon emission quotas, with trading volume of 12.81% and trading value of 11.33%, ranking third and fourth in the country, respectively.

Shenzhen’s carbon market involves 750 enterprises covering 33 industries such as computers, communications and electronic equipment, machinery manufacturing, rubber and plastic products, water affairs, gas and public transport, with annual carbon emission quotas of about 25 million tons.

By the end of 2020, the average carbon emission intensity of manufacturing enterprises included in the city’s carbon market decreased by 40.29%, while the added value of these enterprises increased by an average of 61.64%.