On October 19, the Ministry of Ecology and Environment issued the Measures for the Management of Voluntary Greenhouse Gas Emission Reduction Trading (Trial Implementation).
Market Supervision, Luo Wen
, October 19
, 2023, Measures for the Administration of Voluntary Greenhouse Gas Emission Reduction Trading (Trial Implementation)
Chapter I General Provisions
Article 1 In order to promote the realization of China's carbon peak and carbon neutralization target, These Measures are formulated in accordance with the decisions and arrangements of the Central Committee of the Communist Party of China and the State Council on the construction of a national voluntary greenhouse gas emission reduction trading market and relevant laws and regulations to control and reduce greenhouse gas emissions caused by human activities, encourage voluntary greenhouse gas emission reduction, and standardize national voluntary greenhouse gas emission reduction trading and related activities. Article
2 These Measures shall apply to the supervision and administration of voluntary greenhouse gas emission reduction transactions and related activities throughout the country. Article
3 National voluntary greenhouse gas emission reduction trading and related activities shall adhere to market orientation and follow the principles of fairness, impartiality, openness, good faith and voluntariness. Article
4 Legal persons and other organizations established according to law within the territory of the People's Republic of China may carry out voluntary greenhouse gas emission reduction activities in accordance with these Measures and apply for registration of voluntary greenhouse gas emission reduction projects and emission reduction. Legal persons, other organizations and natural persons who
meet the relevant provisions of the State may participate in voluntary greenhouse gas emission reduction trading in accordance with these Measures. Article
5 The Ministry of Ecology and Environment shall, in accordance with the relevant provisions of the State, establish a national greenhouse gas voluntary emission reduction trading market, be responsible for formulating the management requirements and technical specifications for the national greenhouse gas voluntary emission reduction trading and related activities, and supervise, manage and guide the national greenhouse gas voluntary emission reduction trading and related activities. The competent departments of
ecological environment at the provincial level shall be responsible for the supervision and management of voluntary greenhouse gas emission reduction transactions and related activities within their respective administrative areas. The competent departments of ecological environment at the municipal level
with districts shall cooperate with the competent departments of ecological environment at the provincial level to supervise and administer the voluntary greenhouse gas emission reduction transactions and related activities within their respective administrative areas. According to the division of responsibilities, the
market supervision department and the competent department of ecological environment shall supervise and administer the institutions engaged in the examination and verification of voluntary greenhouse gas emission reduction projects (hereinafter referred to as the examination and verification institutions) and their examination and verification activities. Article
6 The Ministry of Ecology and Environment shall, in accordance with the relevant provisions of the State, organize the establishment of a unified national registration institution for voluntary greenhouse gas emission reduction (hereinafter referred to as the registration institution), and organize the construction of a national registration system for voluntary greenhouse gas emission reduction (hereinafter referred to as the registration system).
The registration authority is responsible for the operation and management of the registration system, through which it accepts applications for registration and cancellation of voluntary greenhouse gas emission reduction projects and emission reductions, and records information related to voluntary greenhouse gas emission reduction projects and the registration, holding, alteration and cancellation of certified voluntary emission reductions. The information recorded by the registration system is the final basis for judging the ownership and status of the certified voluntary emission reductions.
Registration agencies may, in accordance with the relevant provisions of the State, formulate specific business rules for voluntary greenhouse gas emission reduction projects and emission reduction registration, and report them to the Ministry of Ecology and Environment for the record. Article
7 The Ministry of Ecology and Environment shall, in accordance with the relevant provisions of the State, organize the establishment of a unified national voluntary greenhouse gas emission reduction trading institution (hereinafter referred to as the trading institution) and the construction of a national voluntary greenhouse gas emission reduction trading system (hereinafter referred to as the trading system).
Trading institutions are responsible for the operation and management of the trading system and provide centralized and unified trading and settlement services for certified voluntary emission reductions.
Trading institutions shall take effective measures in accordance with the relevant provisions of the State to maintain the healthy development of the market, prevent excessive speculation and guard against financial risks.
Trading institutions may, in accordance with the relevant provisions of the State, formulate specific business rules for the certification of voluntary emission reduction transactions and report them to the Ministry of Ecology and Environment for the record. Article
8 The Ministry of Ecology and Environment shall be responsible for organizing the formulation and promulgation of technical specifications such as methodologies for voluntary greenhouse gas emission reduction projects (hereinafter referred to as project methodologies), which shall serve as the basis for the approval, implementation, accounting and verification of voluntary emission reduction projects in relevant fields.
The project methodology shall specify the applicable conditions, emission reduction accounting methods, monitoring methods, requirements for project approval and emission reduction verification, and specify the time limit for applying for project emission reduction registration.
Project methodology should be revised in time according to factors such as economic and social development, industrial restructuring, industry development stage and climate change policy, and should be incorporated into the national standard system when conditions are ripe. Chapter
II Project Approval and Registration
Article 9 Voluntary greenhouse gas emission reduction projects applied for registration shall be conducive to reducing carbon and increasing sinks, avoiding or reducing greenhouse gas emissions, or achieving greenhouse gas removal. Article
10 Voluntary greenhouse gas emission reduction projects applying for registration shall meet the following requirements:
(1) Authenticity, uniqueness and additionality;
(2) Belonging to the project methodology support field issued by the Ministry of Ecology and Environment;
(3) Commence construction after November 8, 2012;
(4) Meet other conditions stipulated by the Ministry of Ecology and Environment. Projects with greenhouse gas emission reduction obligations stipulated by
laws, regulations and national policies, or projects included in the quota management of the national and local carbon emission trading markets, shall not apply for the registration of voluntary greenhouse gas emission reduction projects. Article
11 Legal persons or other organizations (hereinafter referred to as project owners) applying for registration of voluntary greenhouse gas emission reduction projects shall prepare project design documents in accordance with the requirements of relevant technical specifications such as project methodology, and entrust the examination and verification agencies to examine and approve the projects. The original records and management accounts of the data and information involved in the
project design documents shall be kept for at least ten years after the last emission reduction registration of the project. Article
12 Before applying for registration of voluntary greenhouse gas emission reduction projects, project owners shall publicize project design documents through the registration system, and shall be responsible for the authenticity, integrity and validity of the publicity materials. When publicizing the project design documents, the
project owner shall simultaneously publicize the name of the examination and verification institution entrusted by the project owner. The publicity period of
project design documents is twenty working days. During the period of publicity, the public can put forward their opinions through the registration system. Article
13 The examination and verification institution shall, in accordance with the relevant provisions of the State, examine and verify the following items of the voluntary greenhouse gas emission reduction project applied for registration, and issue a project examination and verification report, which shall be uploaded to the registration system and made public to the public at the same time:
(1) Whether it conforms to relevant laws, regulations and national policies;
(2) Whether it belongs to the field of project methodology support issued by the Ministry of Ecology and Environment;
(3) Whether the selection and use of project methodology are appropriate;
(4) Whether it has authenticity, uniqueness and additionality;
(5) Whether it meets the requirements of sustainable development and whether it has adverse effects on all aspects of sustainable development.
The project approval report shall include a positive or negative conclusion of the project approval, as well as a statement by the project owner on the handling of public opinions received during the publicity period.
The approval and verification institution shall be responsible for the compliance, authenticity and accuracy of the project approval report, and make a commitment in the project approval report. Article
14 After the project approval report is issued by the approval and verification institution, the project owner may apply to the registration institution for the registration of voluntary greenhouse gas emission reduction projects.When applying for the registration of voluntary greenhouse gas emission reduction projects,
project owners shall submit project application forms, project design documents and project approval reports uploaded by the approval and verification agencies through the registration system, and attach a commitment to be responsible for the uniqueness of the project and the authenticity, integrity and validity of the materials provided. Article
15 The registration authority shall examine the completeness and standardization of the materials submitted by the project owner, register the approved voluntary greenhouse gas emission reduction projects within 15 working days from the date of receipt of the application materials, and make public the registration of the projects and all the materials submitted by the project owner; If the application materials are incomplete and non-standard, they shall not be registered and the project owner shall be informed. Article
16 Where the owner of a registered voluntary greenhouse gas emission reduction project is lost or the project no longer exists, the registration authority shall cancel the registered project after investigation and verification.
The project owner may voluntarily apply to the registration authority for cancellation of the registered voluntary greenhouse gas emission reduction project. The cancellation of voluntary
greenhouse gas emission reduction projects shall be disclosed to the public through the registration system; the projects after cancellation shall not be re-applied for registration. Chapter
III Verification and Registration
of Emission Reduction Article 17 Voluntary greenhouse gas emission reduction projects registered by registration agencies may apply for registration of project emission reduction. The emission reduction of the project applying for registration shall be measurable, traceable and verifiable, and shall meet the following conditions:
(1) comply with the principle of conservatism;
(2) comply with the project methodology issued by the Ministry of Ecology and Environment;
(3) be generated after September 22, 2020;
(4) Within the time limit for applying for project emission reduction registration;
(5) Meet other conditions stipulated by the Ministry of Ecology and Environment.
The project owner can apply for the registration of project emission reduction by stages. The emission reduction of each project applied for registration shall be generated within five years before the date of application for registration. Article
18 Where a project owner applies for the registration of emission reductions of a project, he shall prepare an accounting report on emission reductions in accordance with the requirements of relevant technical specifications such as project methodology, and entrust the examination and verifi cation agency to verify the emission reductions. The project owner shall not entrust the approval and verification institution responsible for the project approval to carry out the emission reduction verification of the project. The original records and management accounts of the data and information involved in the
emission reduction accounting report shall be kept for at least ten years after the last emission reduction registration of the voluntary greenhouse gas emission reduction project.
Project owners should strengthen the daily monitoring of the implementation of voluntary greenhouse gas emission reduction projects. Project owners are encouraged to adopt information and intelligent measures to strengthen data management. Article
19 Before applying for the registration of project emission reduction, the owner of a project shall publicize the accounting report of emission reduction through the registration system, and shall be responsible for the authenticity, integrity and validity of the publicity materials. When publicizing the emission reduction accounting report, the
project owner shall simultaneously publicize the name of the examination and verification institution entrusted by the project owner. The publicity period of the
emission reduction accounting report is 20 working days. During the period of publicity, the public can put forward their opinions through the registration system. Article
20 The examination and verification institution shall verify the following items of the emission reduction accounting report in accordance with the relevant provisions of the state, issue the emission reduction verification report, upload it to the registration system, and make it public to the public at the same time:
(1) Whether it meets the requirements of relevant technical specifications such as project methodology;
(2) Whether the project is implemented in accordance with the project design documents;
(3) Whether the accounting of emission reductions conforms to the principle of conservatism. The
emission reduction verification report shall determine the verified emission reduction and explain the handling of public opinions received by the project owner during the publicity period.
The validation and verification institution shall be responsible for the compliance, authenticity and accuracy of the emission reduction verification report, and make a commitment in the emission reduction verification report. Article
21 The project owner may apply to the registration institution for the registration of the project emission reduction after the examination and verification institution issues the emission reduction verification report. The emission reduction of the project applied for registration shall be consistent with the emission reduction determined in the emission reduction verification report. When applying for project emission reduction registration, the
project owner shall submit the project emission reduction application form, the emission reduction accounting report and the emission reduction verification report uploaded by the approval and verification agency through the registration system, and attach a commitment to be responsible for the authenticity, completeness and validity of the emission reduction accounting report. Article
22 The registration authority shall examine and verify the completeness and standardization of the materials submitted by the project owner, register the emission reduction of the project approved by the examination and approval within 15 working days from the date of receipt of the application materials, and publicize the registration of the emission reduction and all the materials submitted by the project owner to the public; If the application materials are incomplete and non-standard, they shall not be registered and the project owner shall be informed.
The registered project emission reductions are called "certified voluntary emission reductions" and are expressed in units of "tonnes of carbon dioxide equivalent (tCO2e )". Chapter
IV Emission Reduction Trading
Article 23 The trading products in the national greenhouse gas voluntary emission reduction trading market are certified voluntary emission reductions. The Ministry of Ecology and Environment may add other trading products in time according to the relevant provisions of the state. Article
24 a trading entity engaged in the trading of certified voluntary emission reductions shall open an account in the registration system and the trading system. Article
25 The trading of CERs shall be conducted through the trading system.
Certified voluntary emission reduction transactions may adopt listing agreements, bulk agreements, one-way bidding and other trading methods that meet the requirements. Article
26 According to the transaction results provided by the trading institution, the registration institution shall timely change the relevant information such as the holding quantity and status of the certified voluntary emission reductions for the trading subject through the registration system.
Registration institutions and trading institutions shall, in accordance with the relevant provisions of the State, realize timely, accurate and safe exchange of data between systems. Article
27 Where a trading entity violates the relevant provisions on the registration, settlement or trading of certified voluntary emission reductions, the registration and trading institutions may, in accordance with the relevant provisions of the State, take measures to restrict trading. Article
28 Certification of voluntary emission reductions shall be cancelled in the registration system in accordance with the relevant provisions of the State for the purpose of offsetting carbon emission quotas in the national and local carbon emission trading markets, carbon neutralization in large-scale activities and offsetting greenhouse gas emissions in enterprises. Participants are
encouraged to voluntarily cancel their certified voluntary emission reductions for public welfare purposes. Article
29 Specific provisions on cross-border trading and use of certified voluntary emission reductions shall be formulated separately by the Ministry of Ecology and Environment in conjunction with relevant departments. Chapter
V Administration
of Examination and Verification Bodies Article 30 Examination and verification bodies incorporated into the administration of certification bodies shall, in accordance with the Regulations of the People's Republic of China on Certification and Accreditation and the Measures for the Administration of Certification Bodies, impartially, independently and effectively engage in examination and verification activities.
A validation and verification institution shall have the technical and managerial capabilities suitable for carrying out validation and verification activities, and shall meet the following conditions:
(1) It shall have fixed office space and necessary facilities for carrying out validation and verification activities;
(2) It shall have more than ten full-time personnel capable of validation and verification in the corresponding fields, at least five of whom shall have two or more years of experience in the validation and verification of greenhouse gas emissions;
(3) It shall establish a sound management system for validation and verification activities;
(4) It has the stable financial support necessary for carrying out the verification and examination activities, establishes the risk fund or insurance suitable for the business risks, and has the ability to deal with the risks;
(5) It meets the requirements of the relevant standards of the verification and examination institution;
(6) It has no record of serious breach of trust in the past five years.When
carrying out the examination and approval of the examination and verification agencies, the General Administration of Market Supervision, together with the Ministry of Ecology and Environment, shall formulate and publish the information on the needs of the examination and verification agencies according to the needs of the work, organize experts in relevant fields to form an expert review committee to review the application for examination and approval, and after examination and approval by the Ministry of Ecology and Environment, the Ministry of Ecology and Environment shall issue the application for examination and approval. The decision on whether to approve or not shall be made in accordance with the principles of rational utilization of resources, fair competition, convenience and effectiveness. The relevant validation and verification activities may be carried out only after the
validation and verification body has been approved. Article
31 Examination and verification institutions shall abide by laws and regulations and relevant provisions issued by the General Administration of Market Supervision and the Ministry of Ecology and Environment, carry out relevant activities within the approved scope of business, ensure the integrity, objectivity and authenticity of the process of examination and verification activities, make complete records, file and retain them, and ensure the traceability of the process and results of examination and verification. Encouraging accreditation of validation and verification bodies.
The examination and verification institutions shall strengthen the self-discipline of the industry. The examination and verification institutions and their staff shall be responsible for the compliance, authenticity and accuracy of the examination and verification reports issued by them, and shall not falsify or disclose the business secrets of the project owners. Article
32 The examination and verification institution shall submit an annual work report to the General Administration of Market Supervision and the Ministry of Ecology and Environment, and shall be responsible for the authenticity of the contents of the report. The work report submitted by the
validation and verification institution shall explain the compliance of the validation and verification institution with the laws, regulations and technical specifications of the project validation and emission reduction verification, the engagement in the validation and verification activities, and the work of the employees. Article
33 The General Administration of Market Supervision and the Ministry of Ecology and Environment shall jointly set up a technical committee for examination and verification to coordinate and solve technical problems related to examination and verification, study and put forward relevant work suggestions, enhance the consistency, scientificity and rationality of examination and verification activities, and provide technical support for the supervision and management of examination and verification activities. Chapter
VI Supervision and Administration
Article 34 The Ministry of Ecology and Environment shall be responsible for guiding and supervising local governments to supervise and inspect voluntary greenhouse gas emission reduction trading and related activities, and investigating and dealing with illegal acts of typical significance and significant social impact. The competent departments of
ecological environment at the provincial level may, in conjunction with relevant departments, organize supervision and inspection of the authenticity and compliance of registered voluntary greenhouse gas emission reduction projects and certified voluntary emission reduction projects, accept public reports on voluntary greenhouse gas emission reduction projects within their respective administrative areas, and investigate and punish illegal acts. The competent departments of ecological environment at the municipal level
with districts shall carry out on-site inspection in accordance with the unified deployment of the competent departments of ecological environment at the provincial level. The competent departments of ecological environment at or above
the provincial level may entrust technical service institutions established according to law to provide technical support for supervision and inspection by means of government purchasing services. Article
35 The market supervision department shall, in accordance with laws, regulations and relevant provisions, carry out routine supervision and inspection of the examination and verification activities and investigate and punish illegal acts. Combining random spot checks, administrative penalties, complaints and reports, lists of serious dishonesty and big data analysis, classified supervision is carried out on the approval and verification agencies. The competent department of
ecological environment and the market supervision department shall establish a working mechanism for information sharing and coordination. The competent department of ecological environment shall promptly hand over to the market supervision department the clues to the problems found in the examination and verification activities during the supervision and inspection. Article
36 The competent department of ecological environment may take the following measures when supervising and inspecting the project owner:
(1) Require the inspected unit to provide relevant information, consult and copy relevant information;
(2) To enter the production, operation, storage and other places of the inspected units for investigation;
(3) To inquire the persons in charge of the inspected units or other relevant personnel;
(4) To require the inspected units to make explanations on the implementation of the provisions of these Measures.
The inspected units shall cooperate, truthfully reflect the situation and provide necessary information, and shall not refuse or obstruct it. Article
37 The competent departments of ecological environment, market supervision departments, registration agencies, trading agencies, examination and verification agencies and their relevant staff shall be loyal to their duties, act in accordance with the law, be impartial and incorruptible, and shall not seek illegitimate interests by taking advantage of their positions. They shall not participate in the certification of voluntary emission reduction trading and other activities that may affect the impartiality of validation and verification.
The validation and verification institutions shall not accept any funding that may affect the objectivity and impartiality of the validation and verification activities, shall not engage in development, marketing, consultation and other activities that may affect the objectivity and impartiality of the validation and verification activities, and shall not have interests in assets and management with the entrusted project owners. Project design documents and emission reduction accounting reports shall not be prepared for project owners.
Trading subjects shall not manipulate or disrupt the national greenhouse gas voluntary emission reduction trading market by means of fraud, collusion or dissemination of false information. Article
38 Registration institutions and trading institutions shall ensure the safe, stable and reliable operation of the registration system and trading system, regularly report to the Ministry of Ecology and Environment on the registration of voluntary greenhouse gas emission reduction, trading-related activities and the operation of institutions throughout the country, and timely report on matters that have a significant impact on the voluntary greenhouse gas emission reduction trading market. The relevant contents can be copied to the provincial ecological environment authorities. Article
39 Registration institutions and trading institutions shall establish project archives for registered voluntary greenhouse gas emission reduction projects, record and retain relevant information. Article
40 Market supervision departments and competent ecological environment departments shall strengthen credit supervision and management according to law, and incorporate relevant administrative penalty information into the national enterprise credit information publicity system. Article
41 The public and the news media are encouraged to supervise voluntary greenhouse gas emission reduction trading and related activities. Any unit or individual has the right to report illegal acts such as fraud in voluntary greenhouse gas emission reduction trading and related activities. Chapter
VII Penalty Provisions
Article 42 Whoever, in violation of the provisions of these Measures, refuses to accept or obstructs supervision and inspection, or commits fraud in accepting supervision and inspection, shall be ordered to make corrections by the competent department of ecological environment or the market supervision department that carries out supervision and inspection, and may be fined not less than 10000 yuan but not more than 100000 yuan. Article
43 If a project owner provides false materials when applying for voluntary greenhouse gas emission reduction projects or registration of emission reduction, the competent department of ecological environment at or above the provincial level shall order him to make corrections and impose a fine of not less than 10000 yuan but not more than 100000 yuan; If there are intentional fraudulent acts such as tampering with or forging data, the competent department of ecological environment at or above the provincial level shall also notify the registration authority to cancel the project registration, and shall not accept the application for voluntary greenhouse gas emission reduction projects and emission reduction registration submitted by the owner of the project within three years. Where a
project owner obtains a false certified voluntary emission reduction due to the fraudulent acts specified in the preceding paragraph, the competent department of ecological environment at or above the provincial level shall notify the registration institution and the trading institution to suspend the trading of the certified voluntary emission reduction held by the project owner, and order the project owner to cancel the same amount of emission reduction as the false part; If it fails to cancel within the time limit as required, the competent department of ecological environment at or above the provincial level shall notify the registration authority of compulsory cancellation, order the insufficient part to be returned, impose a fine of not less than 50000 yuan but not more than 100000 yuan, and no longer accept the application for voluntary greenhouse gas emission reduction projects and emission reduction submitted by the owner of the project. Article
44 If an examination and verification institution commits any of the following acts, the market supervision department that carries out supervision and inspection shall order it to make corrections in accordance with the Regulations of the People's Republic of China on Certification and Accreditation, impose a fine of not less than 50000 yuan but not more than 200000 yuan, and confiscate the illegal income; If the circumstances are serious, it shall be ordered to suspend business for rectification, or even to revoke the approval document, and shall be announced:
(1) to carry out examination and verification activities beyond the approved business scope;
(2) to increase, reduce or omit the procedures stipulated in the basic norms and rules for examination and verification. Where the
examination and verification institution issues a false report, or the conclusion of the report is seriously untrue, the market supervision department shall revoke the approval document in accordance with the Regulations of the People's Republic of China on Certification and Accreditation, and publish it; the directly responsible person in charge and the directly responsible examination and verification personnel shall be disqualified. Where
an examination and verification institution accepts funding that may affect the objectivity and impartiality of the examination and verification activities, or engages in product development, marketing and other activities that may affect the objectivity and impartiality of the examination and verifi cation activities, or has an interest relationship with the project owner in terms of assets and management, the examination and verification institution shall be responsible for the examination and verification activities. The market supervision department shall order it to suspend business for rectification in accordance with the Regulations of the People's Republic of China on Certification and Accreditation; if the circumstances are serious, the approval document shall be revoked and announced; if there is any illegal income, the illegal income shall be confiscated. Article
45 Where a trading entity, in violation of the provisions of these Measures, manipulates or disrupts the national voluntary greenhouse gas emission reduction trading market, the Ministry of Ecology and Environment shall give a notice of criticism and impose a fine of not less than 10000 yuan but not more than 100000 yuan.Article
46 Any staff member of the competent department of ecological environment, the market supervision department, the registration institution or the trading institution who abuses his power, neglects his duty or engages in malpractices for personal gain shall be ordered to make corrections by his subordinate unit or the administrative organ at a higher level and shall be punished according to law. If the relevant staff members of
the aforementioned units disclose relevant business secrets or other acts that constitute a violation of the provisions of the State on the supervision and administration of transactions, they shall be dealt with in accordance with the provisions of other relevant laws and regulations. Article
47 Those who violate the provisions of these Measures and are suspected of constituting a crime shall be transferred to judicial organs according to law. Chapter
VIII Supplementary Provisions
Article 48 For the purpose of these Measures, the definitions of the following terms are as follows:
Greenhouse gases refer to the natural and man-made gaseous components of the atmosphere that absorb and re-emit infrared radiation. Include carbon dioxide (CO2 ), methane (CH4 ), nitrous oxide (N2O ), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), Sulfur hexafluoride (SF6 ) and nitrogen trifluoride (NF3 ). The term "
approval and verification body" refers to a conformity assessment body established according to law to engage in the approval of voluntary greenhouse gas emission reduction projects or the verification of emission reductions of voluntary greenhouse gas emission reduction projects.
Uniqueness means that the project does not participate in other greenhouse gas emission reduction trading mechanisms, and there is no duplication of project identification or calculation of emission reductions.
Additionality refers to the fact that when implemented as a voluntary greenhouse gas emission reduction project, compared with other alternatives that can provide the same products and services, it is not the best choice in terms of financial indicators of internal rate of return, and there are obstacles in terms of financing and key technologies, but the implementation as a voluntary emission reduction project helps to overcome the above obstacles. And has an additional emission reduction effect compared to the baseline scenario defined by the relevant project methodology, i.e., the greenhouse gas emissions of the project are lower than baseline emissions, or the greenhouse gas removals are higher than baseline removals.
Conservatism means that in the process of accounting or verification of greenhouse gas voluntary emission reduction projects, if there is no effective technical means or technical specifications, there are some uncertainties, and it is difficult to accurately judge the relevant parameters and technical paths, conservative methods should be used to estimate and take values. Ensure that the emission reduction of the project is not over-calculated. Article
49 Voluntary greenhouse gas emission reduction projects that have been put on record by the competent national climate change authorities before March 14, 2017 shall re-apply for project registration in accordance with the provisions of these Measures; the emission reductions that have been put on record may continue to be used in accordance with the relevant provisions of the State. Article
50 These Measures shall be interpreted by the Ministry of Ecology and Environment and the General Administration of Market Supervision within their respective responsibilities. Article
51 These Measures shall come into force as of the date of promulgation.
浙公网安备33010802003254号