China’s voluntary carbon market is back in action! 
On Monday, the China Certified Emission Reduction (CCER) scheme reopened, allowing enterprises to trade carbon credits voluntarily. This is big news for green enthusiasts and businesses eager to embrace a more sustainable future. 
The CCER had paused in 2017 but has now returned stronger, thanks to new regulations that tighten its framework. This revamped market plays a crucial role in reducing emissions costs and pushing forward renewable energy goals. Under this scheme, companies that emit carbon can offset their emissions by purchasing carbon credits from entities that hold them. Essentially, those who pollute pay those who help the planet—a win-win! 
Right now, the market is buzzing for entities involved in afforestation, solar power generation, offshore wind power, and mangrove planting. 
These green energy producers can earn profits to cover their high operation and maintenance costs by selling carbon credits. \"It's a great way for green energy projects to become more sustainable financially,\" says Yang Pingjian, a director at the Chinese Research Academy of Environmental Sciences.
Back in 2021, China kicked off its national carbon market, which includes over 2,000 power companies. These companies have carbon emissions estimated at over 4 billion tonnes per year, making it the world's largest market in terms of greenhouse gas emissions covered! 
The carbon market is a smart, market-based tool that helps allocate resources efficiently. It guides companies towards a low-carbon transformation, pushing for a greener future for all. Let's cheer for this exciting step towards sustainability! 
Reference(s):
China's voluntary carbon market for emission reductions reopened
cgtn.com
