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CCER Market Reboot Unlocks $13B in Carbon Assets; First Projects Certified
date: 2025-03-18 hits: 0

China’s national greenhouse gas voluntary emission reduction market (CCER) registered its inaugural nine renewable energy projects—including seven offshore wind and two concentrated solar thermal projects—totaling 9.48 million tons of CO₂ reductions valued at over ¥800 million (112 million USD). The Three Gorges New Energy Jiangsu Rudong project leads with **1.5 million tons of reductions**, generating potential revenues exceeding ¥130 million (18.3 million USD). The Ministry of Ecology and Environment slashed project approval timelines from 2 years to 8 months, prioritizing high-certainty sectors like wind and solar. Upcoming CCER-green certificate linkage policies will enable dual revenue streams for project developers.