ICIS launches China Carbon Price Assessment

16 June 2016

ICIS is very pleased to announce its launch of a price assessment for the national emissions trading scheme in China. On a weekly basis, the company is assessing how Chinese and international companies value Chinese Certified Emission Reductions (CCERs), a unit that can be used to comply with the Chinese national emissions trading scheme that is poised to launch next year.

In its first assessment on 16th June, the bid/offer spread for a CCER delivered in March 2018 that is eligible for compliance at time of delivery was assessed at 8-12CNY/t. The weekly assessment is offered free of charge for ICIS China carbon market clients, and can be received by non-clients with a one week delay by registering on https://analytics.icis.com/golden-ccer-price-report/.

“Our Golden CCER price assessment is the first time the market gets transparency on expected costs in the national market in China. The Chinese government expects more than 7,000 companies to participate in this market – so our weekly publication should help a lot of entities to manage their costs and make better decision”, says Jan Ahrens, Business Director Carbon Analytics.

First transactions

We are happy to announce that Shell Energy (China) Limited, the trading entity for Shell in China, and SPDDR Carbon Asset Management Centre have agreed to pursue the 1st Golden CCER trade for a fixed price. The deal was announced at the 7th Earth Temple Forum in Beijing earlier today. This transaction shows support of the national market and we hope it will encourage more Golden CCER transactions in future.

“We see this initiative of ICIS as very positive for the development of the Chinese carbon market and hope that our deal is just the start of more trading in the run-up to the national ETS”, says Mr. Yao Fuming, Director of the SPDDR Carbon Asset Management Centre.

About ICIS

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of RELX Group.

About Reed Business Information

Reed Business InformationReed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.

About RELX Group

RELX Group is a world-leading provider of information solutions for professional customers across industries. The group employs about 28,000 people of whom half are in North America. RELX PLC is the London Stock Exchange listed vehicle for holding shares in RELX Group. Shareholders in RELX PLC own a 52.9% economic interest in RELX Group. RELX NV is the Amsterdam Stock Exchange listed vehicle for holding shares in RELX Group. External shareholders in RELX NV own a 47.1% economic interest in RELX Group. The total market capitalisation of the two parent companies is approximately £24.1bn/€30.5bn. Its shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL. www.relx.com



React quickly to real-time breaking news and maintain your competitive advantage in this dynamic industry.

ICIS news provides you 24 hour global coverage. Our expert editors bring you the latest market moves, capacity, shutdowns, analysis, data and more for over 180 commodities.

The service is reliable, independent, authoritative and customized to your needs.

Learn about ICIS News 


Price assessments, indices, news and analysis for the oil, gas, liquefied natural gas, carbon and coal sectors.