The two departments jointly issued measures to regulate the trading of voluntary greenhouse gas emission reductions.

Recently, the Ministry of Ecology and Environment and the State Administration for Market Regulation jointly issued the “Measures for the Management of Voluntary Greenhouse Gas Emission Reduction Trading (Trial)” to regulate voluntary greenhouse gas emission reduction trading and related activities across the country.

This approach is a basic system to ensure the orderly operation of the national greenhouse gas voluntary emission reduction trading market. The Measures stipulate all aspects of voluntary emission reduction transactions and related activities, clarifying the rights, obligations and legal responsibilities of project owners, approval and verification agencies, registration agencies, trading agencies and other parties, as well as ecological environment authorities at all levels and The management responsibilities of the market supervision and administration department.

The fundamental purpose of the measures is to serve the carbon peak and carbon neutrality goal, highlight the “voluntary” attribute, and adhere to the principles of information disclosure, strengthened supervision, overall coordination, unified management, solid foundation, step-by-step, domestic and international integration.

The Ministry of Ecology and Environment and the State Administration for Market Regulation will continue to promote the construction of the voluntary emission reduction trading market, build a basic institutional framework, clarify specific areas of market support, approve a number of approval and verification agencies, and apply for project and emission reduction registration for project owners. Provide review and verification services, and launch and operate a national unified registration system and trading system to prepare for the launch of the national voluntary greenhouse gas emission reduction trading market.