In Depth: How China’s Revamped Voluntary Carbon Scheme Could Help Achieve Green Goals

China revamped and relaunched its main voluntary carbon market scheme this year, seven years after an earlier version was shelved due to poor performance, as policymakers encourage more firms to account for their carbon footprint.

The China Certified Emission Reductions (CCER) scheme, which resumed on Jan. 22, is part of a broader strategy to enhance carbon trading mechanisms and support the country’s green goals.