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

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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.