Overview

Description

The Chongqing carbon offset mechanism was launched in September 2021. Eligible projects include afforestation, landfill methane, green architecture, Low-carbon transportation and (non-hydro) renewable energy. Chongqing Certified Emission Reduction (CQCERs) can either be used for compliance purposes under the Chongqing ETS or for voluntary purposes, such as by individuals and corporations looking to meet carbon neutral goals. The mechanism recognizes emissions reductions generated after September 14 of 2021 and projects must be located within Chongqing and must have commenced after June 19, 2014 The mechanism recognizes emissions reductions generated after January 1 of 2016 and projects must be located within Chongqing and must have commenced after June 19, 2014.

Recent Developments

The Chongqing carbon credit mechanism was modified in September 2024. The mechanism reduces the number of project categories, recognizes emissions reductions generated after September 14 of 2021, and optimizes the registration process.

Relation to Compliance Carbon Pricing Instruments or other Voluntary Schemes in the country

Chongqing pilot ETS

Eligible Activities

Forestry / Land Use

Renewable energy

Waste