China Issues 2.5 million Offset Credits, Approves 23 New Projects

02 November 2016 – The NDRC has issued 2.5 million carbon offset credits to 14 projects, with wind power dominating while almost no CDM-related projects were involved as developers increasingly shy away from activities likely to be barred from the national ETS. Moreover, it also approved 23 new projects, with ten of the 23 being wind power projects, according to an NDRC database.