Chinese oil major commits to large-scale forest carbon offset deal as ETS entry looms

Published 09:34 on August 29, 2022  /  Last updated at 11:21 on August 29, 2022  /  China, China's National ETS, China's Offset Market  /  No Comments

One of China's biggest oil companies has agreed to buy millions of forest carbon credits from a state-owned forestry group based in the Guangxi Zhuang Autonomous Region, as it prepares to be brought into the national CO2 emissions trading scheme.

One of China’s biggest oil companies has agreed to buy millions of forest carbon credits from a state-owned forestry group based in the Guangxi Zhuang Autonomous Region, as it prepares to be brought into the national CO2 emissions trading scheme.

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