China set to relaunch voluntary carbon market
Government publishes new methodologies and regulation for offsets programme that was shelved in 2017
China has signalled its readiness to relaunch its voluntary offsets programme more than six years after shelving the scheme, as it looks to backstop its national emissions trading system (ETS). The voluntary China Certified Emission Reduction (CCER) scheme was launched in 2012 and saw 1,047 projects registered over 2013–17, nearly three-quarters of which were solar, wind, hydropower and rural biogas utilisation developments. Of the total, 287 projects were issued CCER credits. But the National Development and Reform Commission (NDRC), China’s top economic planner, paused registration of new projects in March 2017 due to thin trading and lack of standards in carbon audits. There were more tha

Also in this section
30 November 2023
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase
29 November 2023
Preparations underway for inclusion of cement, aluminium and steel producers in world’s largest compliance market by 2030
28 November 2023
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
27 November 2023
Progress in decarbonisation but significant challenges lie ahead