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In Depth: China Readies Relaunch of Shelved Carbon Credits Program

By You Xiaoying
2023年10月25日 20:28
Central government has completed two out of three major steps required to reboot the voluntary scheme, which was initially stumped by small trading volumes and regulatory issues
China is set to relaunch its voluntary carbon credits program, after putting it on hold for more than six years due to a lack of uptake and regulatory issues.

China is one step away from relaunching its voluntary carbon credits program after updating key rules for the scheme, which it shelved more than six years ago due to a lack of uptake and regulatory issues.

Revised measures for the China Certified Emission Reductions (CCER) scheme were released by the Ministry of Ecology and Environment (MEE) and the State Administration for Market Regulation (SAMR) on Oct. 19.

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