China sets deadline for the use of CCERs obtained before March 14, 2017

On October 19, 2023, the Ministry of Ecology and Environment of China promulgated the “Measures for the management of voluntary emissions reduction trading of greenhouse gases (Trial)”. It means that the national voluntary emissions reduction trading market, which has been suspended for 7 years, will be restarted. In order to smoothly connect the national voluntary emission reduction trading market with the national emissions trading scheme (ETS), which is a mandatory carbon market of China, on October 24, 2023, the Ministry of Ecology and Environment of China released the “Announcement on the arrangements for relevant work of the national voluntary emissions reduction trading market”.