China Trials Tougher Offsets Rules to Revive Stalled Market
A truck unloads waste coal and stone near a steel factory in Inner Mongolia, China.
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China will impose tighter standards on voluntary carbon credits as it revives its long-stalled offsets market.
New China Certified Emissions Reduction credits, or CCERs — which reward activities that help avoid or remove the release of greenhouse gases — may be issued later this year as the Ministry of Ecology and Environment gets new legal powers according to an interim market rule published on Friday.