First offset issuance of 2018 completed in Guangdong
May 8, 2018 – The government of Guangdong province has issued 61.000 carbon credits this week, the first ones issued since July of last year. The PHCERs were issued to two forestry projects and will be auctioned by the China Emission Exchange in Guangdong on May 10 at a minimum price of 10.81 yuan (1,42 EUR). Shanghai Energy Exchange has also announced the restart of CCER registration.


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Sino-German Cooperation on Emissions Trading Systems, Carbon Market Mechanisms, and Industry-related N2O Mitigation

Project country
Political Partners
German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU); Ministry of Ecology and Environment of the People's Republic of China (MEE)
Implementation Partners
National Center for Climate Change Strategy and International Cooperation of the People's Republic of China (NCSC)
07/2012 - 09/2022

The project has been supporting the development of ETS in China since 2012. Since the launch of the Chinese national ETS, the project provides support to further refine the ETS and strengthen the political and technical dialogue between China and Germany on carbon market topics. Since 2020, the project also supports the abatement of industry related N2O emissions through capacity building, studies, workshops, and various exchange formats.