China's Carbon Market Reforms Could Make It a Major Player in Global Emissions Trading

China's voluntary carbon market has potential to be a major player in global carbon trading if reformed properly.
Demand for carbon credits in China is high, but previous issues with the CCER scheme included lack of transparency and oversight.
Credits must meet "additionality" criteria to ensure emissions reductions are real and permanent.
Reforms should align CCER with international standards on carbon credits.
Extending CCER globally could boost its impact, but requires coordination to prevent double counting.

scmp.com

Relevant topic timeline:

8/23/2023

Opinion

Bad carbon credits are edging out good ones in the carbon offset market, posing a significant challenge in the efforts to reduce greenhouse gas emissions and combat climate change.

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How blockchain tech and dMRV can help carbon trading markets

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Carbon credit market confidence ebbs as big names retreat

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Carbon Trading Platform ACX Expands Operations As Carbon Markets Grow More Regulated

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10/11/2023

Tokyo Stock Exchange Launches Carbon Credit Trading to Support Japan's Net Zero Goal

Japan's Tokyo Stock Exchange has started trading carbon credits as part of its strategy to tackle climate change and achieve carbon neutrality by 2050, allowing companies to buy and sell credits more easily and providing transparency in carbon pricing.

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Posted 10/1/2023, 9:02:07 AM