All covered entities under the Guangdong carbon market would be required to surrender compliance instruments by 20 June 2015.
Traded volume in Guangdong and Shanghai were at multi-month highs are allowance prices remained under pressure.
A top official of the National Center for Climate Change Strategy urged provinces to implement effective measures to develop a national carbon market
2013 Shenzhen Emission Allowances jumped 12% while Hubei Emission Allowances rallied 4%.
Emissions traded volume across the 7 carbon markets in China spiked as covered entities entered entered verification and compliance timelines.
Compliance entities were offered 1 million allowances during the third auction of emission allowances in the Guangdong pilot ETS this compliance year.
Guangdong emission allowances gained the most across the 7 pilot carbon markets in China as compliance deadlines neared.
Shanghai allowances closed the week 10% lower with 40% higher volumes compared to the week before as carbon market across China saw heightened volatility.
Carbon allowances in Hubei hit 11-month high while allowances in Shanghai lose 7.5% week-on-week.
Hubei posted the largest gain of almost 16% among the 7 carbon markets operational in China in the first full week of trading after the Chinese New Year.