In order to regulate the national greenhouse gas voluntary emission reduction trading and related activities, the Ministry of Ecology and Environment and the General Administration of Market Supervision jointly issued the Measures for the Administration of Greenhouse Gas Voluntary Emission Reduction Trading (Trial) (hereinafter referred to as the Measures) on October 19th.

　　Greenhouse gas voluntary emission reduction trading is an important system innovation to control and reduce greenhouse gas emissions through market mechanism and promote the realization of carbon peak carbon neutral target. The national greenhouse gas voluntary emission reduction trading market and the national carbon emission right trading market together constitute China's carbon trading system. After the voluntary emission reduction trading market is launched, all kinds of social entities can, in accordance with the relevant regulations, independently and voluntarily develop greenhouse gas emission reduction projects, and after the emission reduction effect of the projects has been quantified and verified by scientific methods and after applying for completion of the registration, the projects can be sold in the market in order to obtain the corresponding emission reduction contribution revenue. Launching the voluntary emission reduction trading market is conducive to supporting the development of forestry carbon sinks, renewable energy, methane emission reduction, energy saving and efficiency projects, and is conducive to incentivizing a wider range of industries, enterprises and all walks of life to participate in GHG emission reduction actions, which is positively significant for promoting green and low-carbon economic and social transformation and realizing high-quality development.

　　The Measures are a fundamental system to ensure the orderly operation of the national voluntary greenhouse gas emission reduction trading market. The Measures consist of 8 chapters and 51 articles, stipulating the various aspects of voluntary emission reduction trading and its related activities, and clarifying the rights, obligations and legal liabilities of project owners, validation and verification organizations, registrars and trading institutions, as well as the management responsibilities of the competent ecological and environmental authorities and market supervision and management departments at all levels.

　　The Measures take the fundamental purpose of serving the goal of carbon peaking and carbon neutrality, emphasize the attribute of "voluntariness", strengthen the role of the market main body, and adhere to the following basic principles.
    First, information disclosure and strengthening supervision. Social supervision will be an important regulatory tool for voluntary emission reduction trading and related activities. In accordance with the principle of "disclosure of all information that can be disclosed", timely and accurate disclosure of project and emission reduction information will be made, and social supervision will be fully accepted, and the main responsibility of the project owner and the third-party validation and verification organization will be strengthened, and the owner will be required to make a "double commitment" to the authenticity and compliance of the project and emission reduction. It requires project owners and third-party validation and verification organizations to make a "double commitment" to the authenticity and compliance of projects and emission reductions, strengthens the integrity management of the market, and the government carries out supervision during and after the process to maintain market integrity, fairness and transparency.
    Second, coordinate and unify management. Establish a new model for the competent ecological and environmental authorities and market regulators to play to their respective strengths and work together to carry out joint supervision beforehand, during and after the event. According to the relevant spirit of building a unified national market, establish a unified national registration agency and trading agency to provide registration, trading and other services for the relevant market players, and incorporate the third-party validation and verification agencies into the management of certification bodies.
    Third, consolidate the foundation, step by step. Adhere to the steady progress, the market start-up to improve the system system, improve the management model as the primary task, focusing on improving the policy and system specifications, rationality and operability. In the market to achieve a stable start, stable operation, in accordance with the basic principle of "maturity of a, release a", and gradually expand the voluntary emission reduction market to support the field, strengthen the market function.
    Fourth, based on the domestic, docking international. Taking into full consideration the domestic reality and international experience, and on the basis of effectively safeguarding our national interests, the relevant management requirements and technical specifications will be docked with the international practices, so as to provide the whole society with high-quality, tradable and widely recognized emission reductions, and to better promote the realization of the goal of carbon peaking and carbon neutrality.

Climate change is a common challenge that jeopardizes the survival of mankind, among which the problem of frequent climate disasters caused by global warming due to greenhouse gas emissions is the most prominent, and thus has become the focus of attention of countries around the world in the past 30 years. Based on this, low-carbon development and the control of greenhouse gas emissions have become the political consensus of all countries in the world and a common challenge for global public governance. As the impacts of climate change continue to intensify, and as more and more attention is being paid to sustainable development, the relationship between enterprises, nature and various stakeholders will become increasingly close, and any enterprise is in the two ecosystems of nature and supply chain, and enterprises, nature and various stakeholders need to realize the positive exchange of benign interaction. At present, the new technological revolution and sustainable development issues are profoundly affecting the shape and pattern of global industrial competition, and the global industrial chain and supply chain are undergoing rapid adjustments, so business operators need to pay close attention to and accurately grasp this era of change and development opportunities.