UPM has first large sale of Sichuan Household Biogas CCERs in China’s carbon offset market
Earlier in this year, UPM has had its first large sale of China Certified Emissions Reductions (CCERs) from one of its two Sichuan Household Biogas CCER projects. These projects, each with annual GHG emissions reductions of around 50,000 tCO2e, have been specifically developed by UPM to meet China’s mandatory and voluntary CCER carbon offset demand.
This recent transaction has been made with a Chinese financial market trading company via Sichuan Environment Exchange (Sichuan EEX). UPM is closely monitoring China’s regulation with respect to CCER eligibility in China’s national emissions trading scheme (China ETS) and can flexibly start new project verifications to get issuances of younger CCER vintages, if needed. On demand, we can also develop entirely new CCER projects for our clients, e. g. for CORSIA, the Carbon Offset and Reduction Scheme for International Aviation which will start its pilot stage in 2021.
Your contacts at UPM for procurement of Sichuan Household Biogas CCERs are:
Martin Dilger, Managing Director, UPM Germany
mdilger(at)upm-cdm.eu, T: +49 89 1222197 – 50
Gaiai Guo, Vice General Manager, UPM China
guog(at)upm-cdm.eu, T: +86 10 6468 0500