Carbon Peaking And Carbon Neutrality Monthly Report, August 2025
In August 2025, China's dual carbon (carbon peaking and carbon neutrality) work entered a critical stage of institutional upgrading and technology implementation. The policy framework continued to improve, market vitality was continuously released, and green and low-carbon transformation showed a systematic advancement trend.The General Offices of the Communist Party of China Central Committee and the State Council issued the "Opinions on Promoting Green and Low-Carbon Transformation and Strengthening the National Carbon Market," which specifies that by 2027, the carbon market will cover major industrial emission sectors, and by 2030, a total quota control mechanism will be established. This marks the strategic transformation of the carbon market from intensity control to total volume control.As of the end of August, the cumulative transaction volume of the national carbon market reached 47.41 billion yuan, with the carbon price showing a stable but slightly adjusted trend, closing at 69.3 yuan/ton at the end of the month.
Substantial Breakthroughs in Industrial Emission Reduction
The new energy vehicle market maintained high prosperity, with retail penetration reaching 58.0% in August. BYD's weekly sales exceeded 70,000 units, while Xpeng Motors delivered over 800,000 units in total.Technological innovation in the industrial sector was active. Rongkuang Technology's steel slag carbon capture technology successfully converted CO₂ captured from ships into high-value-added products, establishing a complete "capture-transportation-utilization" value chain. East China Oil and Gas's CCUS (Carbon Capture, Utilization and Storage) technology for enhanced oil recovery has cumulatively sequestered over one million tons of CO₂, promoting the transformation of CCUS from a cost center to value creation.
Accelerated Green Transformation of Energy Structure
The first batch of photovoltaic units of the Ningxia Zhongning Xutao 1 million kilowatt wind-solar hybrid project was connected to the grid, with 850MW photovoltaic and 150MW wind power forming a multi-energy complementary system. The project can generate 1.9 billion kilowatt-hours of electricity annually.Qingdao launched the world's first "advanced net-zero building," which achieves 100% green electricity self-sufficiency through a triple system of photovoltaic glass curtain walls, cascade energy storage batteries, and reverse power supply from new energy vehicles. The building reduces carbon emissions by 2,500 tons annually and improves operational efficiency by 30%.
Notable Highlights in Local Practices
Sanya, Hainan hosted the Carbon Market and Sustainable Development Forum, releasing a series of local standards for low-carbon hotels and zero-carbon hospitals. The forum achieved pre-meeting carbon neutrality through 150 tons of carbon inclusive emission reductions.Innovation in green finance continued to deepen. The State Administration of Foreign Exchange launched green foreign debt pilot projects in 16 provinces and cities. New Hope Lihe successfully issued 500 million yuan in green technology innovation bonds with a financing cost as low as 1.95%.
New Steps in International Cooperation
The world's first cross-border carbon dioxide sequestration project, Norway's Northern Lights, began operations, providing valuable reference for the commercialization of China's carbon sequestration technology.This month's dual carbon work demonstrated enhanced policy systematicness, improved technical economy, and a more complete market mechanism, injecting strong momentum into green and low-carbon transformation.
