| The Chinese carbon market regulator has approved 33 new projects that could yield up to 6 million offset credits per year, equivalent to around half the number of permits traded so far and piling pressure on already shaky carbon prices.
The roughly 2,000 companies facing caps on their greenhouse gas emissions under China's seven pilot carbon markets can use the offset credits, known as Chinese Certified Emissions Reductions, to cover for 5-10 percent of their annual emissions...............................................Full Article: Source |