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

Hebei plans to develop provincial voluntary offset market

September 25, 2018 – The Hebei Development and Reform Commission (DRC) announced in its “Puhui Certified Emissions Reduction Pilot Working Plan” that it will launch a voluntary offset market in five provincial cities by the end of 2018. The five cities are Shijiazhuang, Baoding, Cangzhou, Zhangjiakou and Chengde. The document further notes that the offset market is planned to encompass the entire province by 2020. According to the plan of the DRC, the credits generated in Hebei shall later become eligible for compliance purposes of companies in the province under the national ETS. The launch of the Hebei offset market comes after the suspension of the national offset mechanism in 2016 and of the regional Guangdong offset mechanism in August 2018.

Source: http://www.hbdrc.gov.cn/web/web/zhc_gzdt/4028818b65fb2cb301665cdaa2651541.htm

More project related news

MEE publishes list of firms that supported data manipulation in the Chinese national ETS during the first compliance period

After July 2021 reports had shown that the technical service company China Carbon Energy Investment and S&T (中碳能投科技有限公司) falsified emission data and supported key enterprises in their effort to manipulate their data of the first compliance cycle, the Ministry of Ecology and Environment (MEE) announced to increase its attention on the quality of emission data.

Read More »