Though China’s government has been active on the domestic climate change front with new developments on the country’s national ETS, the world’s largest emitter is not entering the global climate change negotiations with any policies that impact international carbon markets or negotiations. It has not pledged any new targets under the Paris Agreement or taken a stance on controversial aspects of its Article 6, nor is it participating in any transactions of mitigation units under Article 6. China continues not to participate in the global international offsetting scheme for international aviation emissions, known as Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), and is not making its domestic offset credits – China Certified Emission Reductions (CCERs) available to foreign buyers in the voluntary or any other carbon market.
Action at home Given that China, emitting twelve billion tonnes of CO2 equivalent per year, accounts for nearly one-third of the world’s annual contribution to climate change, all eyes are on its government ahead of the upcoming conference of the parties …
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