China Relaunches Voluntary Carbon Credits Halted in 2017 (1)

China has relaunched its long-stalled voluntary carbon offset market, offering funding to projects with the potential to curb emissions but which struggle to generate profits.

National trading of the China Certified Emissions Reduction credits began Monday in Beijing, state-owned CCTV reported. Issuance of the credits was halted in 2017 to prevent surplus supply.

Efforts to restart the market have been ongoing for more than a year, with the China Beijing Green Exchange chosen to host trading. Initially, the only credits available will be for projects approved before 2017. The government is expected to start approving new projects at a ...