National allowance-market turnover and volume; billion yuan and million tonnes, 2025 prelim.
China’s national carbon allowance market recorded turnover of 14.63 billion yuan in 2025. Trading volume reached 235 million tonnes of allowances. Dividing turnover by volume gives an implied annual value of about 62.3 yuan per traded tonne. That ratio is a broad intensity measure and is not an official allowance price.
| Rank | Entry | Value | Period |
|---|---|---|---|
| 1 | Carbon allowance trading value | 14.63B | 2025 |
| 2 | Trading volume | 235M | 2025 |
Publisher: National Bureau of Statistics of China
Dataset/table: China Carbon Emissions Trading Market, 2025
Units: billion yuan and million tonnes
Date checked: 2026-07-18
Evidence: Supports the 2025 national carbon allowance trading turnover and trading volume.
The turnover-per-tonne ratio is not a time-weighted price, closing price or official allowance-price series. The annual figures are preliminary.
Annual turnover and trading volume are presented as separate official measures. Their ratio is retained only as a clearly labelled analytical intensity.
Turnover and volume use the same national carbon market, 2025 period and official release.
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