China Revives Shelved Voluntary Carbon Credits Scheme

China has relaunched its voluntary carbon credits program, also known as the China Certified Emission Reduction (CCER) scheme, after shelving it more than six years ago due to a lack of uptake and regulatory issues.

Vice Premier Ding Xuexiang announced the relaunch of the program at a ceremony in Beijing on Monday, state-run Xinhua News Agency reported.

Four companies, including China General Nuclear Power Corp. and State Power Investment Corp. Ltd., made pledges to follow compliance rules while developing voluntary carbon-reduction projects and participating in trading, according to the Xinhua report.