China is the world’s largest emitter
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
5 December 2024
Completion of phase-one construction expected in 2027 as technology providers SLB and Linde take equity stakes in one of world’s largest CCS projects
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement
