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CCER Market Reopens: What Happened on the First Day

The CCER market, or the China Certified Emission Reduction Scheme, is a voluntary carbon credits plan that allows companies to offset their emissions by purchasing credits from renewable energy projects or forestry activities. The CCER market was suspended in 2017 due to low trading volume and lack of standardization, but it was relaunched on Jan 22, 2024, as a supplementary mechanism to the national Emissions Trading Scheme (ETS), China’s new carbon trading market.

On its first trading day, 375,315 tons of CCER credits were traded for a total of CN¥23.8 million yuan. The average price of each CCER credit was CN¥63.5 yuan per tonne, whereas CEA (emission allowance for the Chinese ETS market) is trading at a closing price of CN¥70.67 yuan per tonne on the same day (Jan 22, 2024).

China’s National Carbon Market - CEA Price trends for the past year:

Source: from GC Insights Monthly Global ESG Regulation Watch (access to real-time data is available through subscription)

The CCER market is heating up, but new CCER projects have yet to enter the CCER trading floor, follow our ALL-NEW Monthly ESG Regulatory Watch Subscription to get the latest policy updates and exclusive insights on the market trends! Read more on these trending regulations and subscribe for more from GC Insights!

The CCER project registration process at a glance:

Read more about the Four Approved CCER Methodologies and regulatory frameworks here:

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