CNOOC natural gas unit to develop forestry carbon sinks in Hainan

Published 10:11 on November 28, 2022  /  Last updated at 10:11 on November 28, 2022  /  Asia Pacific, China, Nature-based, Voluntary  /  No Comments

A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has teamed up with a local government in Hainan province to jointly work on forestry carbon sink projects, as it prepares to get into the domestic offset market despite the years-long absence of national voluntary regulations.

A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has teamed up with a local government in Hainan province to jointly work on forestry carbon sink projects, as it prepares to get into the domestic offset market despite the years-long absence of national voluntary regulations.

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