Chinese Officials Play Down Rumors of 2015 Offset Cut-offs, Urge Caution

19 April 2016 – Mr. Jiang Zhaoli, the Deputy Director General of the DCC, NDRC, told the Century Business Herald on April 19th that rules for offset use in the national ETS have yet to be finalised, dismissing rumours that only CCERs from 2015 or later would be allowed. Another NDRC official, Wang Shu, told a workshop that NDRC is looking to streamline the CCER approval process while reducing the number of project types eligible to earn offsets for the Chinese market. Additonally, a vice director within NCSC dismissed a rumour that his organisation is about to take over the responsibility for CCER issuance from the NDRC.