Carbon asset development and management
Carbon Asset
Carbon Asset can be roughly considered as the underlying asset of carbon trade which was designed as a method to assist the reduction of greenhouse gas emission, though Carbon Asset is not clearly defined in our legal system yet.
The carbon trade originated with the Kyoto Protocol, a United Nations treaty that set the goal of reducing global carbon emissions and mitigating climate change starting in 2005. At the time, the measure devised was intended to reduce overall carbon dioxide emissions to roughly 5% below 1990 levels by 2012.
This is how carbon trade works: Each nation is awarded a certain number of permits to emit carbon dioxide up to a certain level. If it does not use up all of its permits it can sell the unused permits to another nation that wants to emit more carbon dioxide than its permits allow. Every year, a slightly smaller number of new permits is awarded to each nation. And now a similar carbon trading framework applies in China domestic carbon trading market as well. The traders in the market are not nations but the enterprises which have trading demands on GHG emission allowances.
Resources: Carbon Trade Definition (investopedia.com)
What is CCER
CCER refers to "China Certified Emission Reduction". For the companies which requires more GHG emission allowances, they can purchase CCER as a "carbon emission offset" to make up for the lack of their own allowances.
Jiran Carbon Technology actively involved in the voluntary emission reduction market, providing relevant services like carbon asset development such as CCER, CDM, and VCS.
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