China’s voluntary carbon market, suspended since 2017, officially resumed trading, in Beijing’s latest move to enrich its carbon trading mechanisms in support of the national carbon-neutral goal.. New project registration under the China Certified Emission Reduction (CCER) scheme had been suspended because of low trading volume and a lack of standardisation in carbon audits, although existing projects continued to trade. The long-awaited revamped CCER scheme now allows any enterprise to purchase carbon credits to offset its emissions, not just businesses currently covered under China’s compulsory national carbon trading market, known as the national Emissions Trading Scheme (ETS), according to state-owned China Central Television (CCTV).

Source: South China Morning Post