Since the China GHG Voluntary Emission Reduction Program officially launched its registry in 2015, each of China’s local carbon markets have introduced offset mechanisms and conducted a variety of related tests and adjustments. The China GHG Voluntary Emission Reduction Program has already become an important component for each of China’s local carbon markets, while China’s national emission trading system (ETS) also plans to use China Certified Emission Reductions (CCERs) as offset credits in the future. Furthermore, CCER has been adopted both by the “Implementation Guidelines for Carbon Neutrality of Large-Scale Events (Trial)” as a recommended voluntary emission reduction credit and by CORSIA as one of the eligible emissions units.

The purpose of this report is to summarize both the current status of the China GHG Voluntary Emission Reduction Program and the design of offset mechanisms in China's local carbon markets, in turn providing reference material for future development of the China GHG Voluntary Emission Reduction Program and on how to introduce the offset mechanisms into the national ETS. 

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