| Companies participating in Shanghai's carbon market can only use offset credits generated after Jan. 1, 2013 for compliance, the city government said Wednesday, ruling out the vast majority of offsets issued so far.
Shanghai is the second of China's seven pilot carbon markets after Beijing to release detailed rules on what type of offsets will be eligible in the scheme. Shanghai firms can use the offsets, known as Chinese Certified Emissions Reductions (CCERs) to cover for 5 percent of their CO2 emissions under the emissions trading scheme...............................................Full Article: Source
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