| China on Wednesday opened its national register for carbon offsets, allowing buyers to transfer credits for emitting carbon from the national scheme to regional exchanges and opening the way for spot trading of the permits. At the same time it approved the issuance of 7 million offset credits, more than doubling the supply.
The offsets, known as Chinese Certified Emissions Reductions (CCERs), are a low-cost option for power generators and manufacturers covered by China's seven pilot emissions trading schemes to meet their carbon emission targets, as they cost less than regular permits...............................................Full Article: Source
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