Climate change: China’s voluntary carbon market a step closer to relaunch after suspension for underuse in 2017

China has moved a step closer to rebooting its suspended voluntary carbon market, the China Certified Emission Reduction (CCER) scheme, a part of its plans to develop a more comprehensive market mechanism to support the country’s greenhouse gas emissions goals.

China Beijing Green Exchange, which oversees the scheme, announced on Saturday that it has finished developing the registration and trading systems for CCER, and that these are ready for inspection before operations resume. These, it said, are “important infrastructure for building the voluntary carbon market.”