China Carbon Credit Platform

What is voluntary carbon? It is important to promote the "double carbon" goal to achieve this market

SourceCenewsComCn
Release Time2 months ago

The national voluntary greenhouse gas emission reduction trading market was launched on January 22 this year and has been in existence for nearly half a year. This is another core policy tool for my country to achieve carbon peak and carbon neutrality goals after the national carbon emissions trading market. The reporter recently learned that more than 4500 entities have participated in transaction registration in the past six months, and the review agency of transaction data has also been announced.

The voluntary greenhouse gas emission reduction trading market is also called the voluntary carbon market. It is different from the mandatory national carbon emission trading market in that it highlights the principle of voluntariness. Enterprises or institutions trade the greenhouse gas emission reductions they generate through some emission reduction projects on the market and earn benefits. At present, my country's first batch of companies approved to participate in the voluntary greenhouse gas emission reduction market mainly lie in four major areas, namely afforestation carbon sinks, grid-connected solar thermal power generation, grid-connected offshore wind power generation, and mangrove forest construction.

Xu Huaqing, chief scientist of the National Center for Strategic Research and International Cooperation on Climate Change: At present, the CCER registration system has registered more than 4500 new accounts, including more than 40 project owners, more than 1220 national and local key emission control units, and the rest are investment institutions or general enterprises.

The approval of the qualifications of voluntary greenhouse gas emission reduction projects and the authenticity of emission reductions directly affect the quality of market transactions. Not long ago, the National Certification and Accreditation Administration Commission released the list of the first batch of voluntary greenhouse gas emission reduction trading approval and verification agencies, providing guarantee for the operation of the market. The list includes a total of 5 institutions involving the energy industry, forestry and other carbon sink types.

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