Sino-German Cooperation
on Biodiversity, Climate and Environment
On behalf of International Climate Initiative (IKI)

Guangdong Province pauses its local offset mechanism

August 30, 2018 – The Guangdong Provincial Development and Reform Commission announced that until further notice it will not approve any applications for more credit issuances in its provincial offset mechanism called Pu Hui Certified Emission Reduction (PHCER). The Guangdong government aims to evaluate the current mechanism before the authorities restart to approve further applications. The announcement did not indicate what shape or form of the advancement is ought to have and at what point the mechanism continues to operate.

As the central government paused the national offset mechanism China Certified Carbon Emission Reduction (CCER) in 2016, the Guangdong offset mechanism was much appreciated among emitters as offsets in the largest pilot emissions trading systems of China. Of the overall 399 million allocations per annum, Guangdong’s emitters are permitted to use carbon credits of both kinds amounting to 1.5 million.

Source: http://www.gddrc.gov.cn/zwgk/ywtz/201808/t20180830_478077.shtml

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CAO Yun

Advisor
Sino-German Cooperation on Climate Change (SGCCC)
yun.cao@giz.de
Ms. Cao facilitates policy exchange between German and Chinese governments and coordinates work streams on south-south-north cooperation, climate legislation and finance to support China in strengthening its climate governance system. Besides, she supports the development of new projects. She studied at Humboldt University of Berlin, Free University of Berlin and Technical University of Munich, having extensive research experiences on climate and energy policies in China and Germany. Before joining GIZ, she worked at the German Institute for Economic Research (DIW Berlin) for many years.