China to Use Offset Market Revival to Support New Climate Action
- Forests, small-scale solar in focus for new issuance: people
- Officials have issued draft rules for CCER market resumption
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Small-scale solar projects and afforestation are being considered as sectors to generate new emissions reduction credits under a revival of China’s stalled offsets market, according to people familiar with the details.
The issuance of new China Certified Emissions Reduction credits, or CCERs — which are intended to reward activities that help avoid or remove the release of greenhouse gases — halted in 2017 to prevent the creation of a supply surplus.