Recently, the Ministry of Ecology and Environment and the State Administration for Market Regulation jointly issued the "Measures for the Management of Voluntary Greenhouse Gas Emission Reduction Trading (Trial)" to regulate voluntary greenhouse gas emission reduction trading and related activities across the country.

This approach is the basic system to ensure the orderly operation of the national voluntary greenhouse gas emission reduction trading market. The measures stipulate all aspects of voluntary emission reduction trading and related activities, and clarify the rights, obligations and legal responsibilities of project owners, approval and verification agencies, registration agencies, trading institutions and other parties, as well as ecological and environmental authorities at all levels and the management responsibilities of the market supervision and management department.

The method takes serving the goal of carbon peak and carbon neutrality as its fundamental purpose, highlights the "voluntary" attribute, and adheres to the principles of information disclosure, strengthening supervision, overall coordination, unified management, laying a solid foundation, step by step, based on China, and connecting with the international community.

The Ministry of Ecology and Environment and the State Administration for Market Regulation will continue to promote various work in the construction of a voluntary emission reduction trading market, build a basic institutional framework, clarify specific areas of market support, approve a number of approval and verification agencies, and apply for project and emission reduction registrations for project owners. Provide approval and verification services, and put into operation a nationally unified registration system and trading system online to prepare for the launch of the national voluntary greenhouse gas emission reduction trading market. Source: China Chemical Information Network