Chinese climate product is an emerging trading category, including carbon emissions trading, green certificates, new energy vehicle quotas, energy rights and ecological asset accounting, etc. The combination of climate product market and finance is a tool to, on the one hand, realize the emission reduction bookkeeping, and on the other hand, complete the emission reduction plan promised by China through the market mechanism.
RUIDE entered the climate product market in 2009. By December 31, 2020,
  • a total of 287 projects in the primary and secondary markets
  • related to carbon indicators have been developed and traded, including 18 Joint Implementation (JI) projects, 104 China’s Clean Development Mechanism (CDM) and 165 China Certified Emissions Reduction projects (CCERs)
  • The projects covered natural gas, biomass, wind power, solar energy, hydropower, household biogas, waste-to-energy and other fields.

RUIDE's projects spread not only in China, but also going abroad to Norway, Finland, Sweden, Poland, Jordan, Ukraine, Lithuania, Estonia, Russia, India, South Africa, Chile and other countries.

Carbon Trading
Market policy

Development

  • Promulgated by the National Development and Reform Commission Operation Management Measures of Clean Development Mechanism Project

    October 2005

    China started issuing policies and regulations related to the carbon market
  • Issued by the National Development and Reform Commission Notice on the Development of Pilot Work on Carbon Emissions Trading

    October 2011

    Seven provinces and cities carried out pilot carbon emission trading
  • Issued by the National Development and Reform Commission "Interim Measures for the Administration of Voluntary Greenhouse Gas Emission Reduction Transactions"

    June 2012

    Established management measures for carbon trading under centralized carbon emission control
  • The State Council issued the "Notice of the 13th Five-Year Plan for Controlling Greenhouse Gas Emissions

    November 2016

    Strengthened the control of energy carbon emission indicators, implement dual control of total energy consumption and intensity. Launched the national carbon trading system in December 2017
  • Issued by the National Development and Reform Commission Interim Measures for Administrating Voluntary Greenhouse Gas Emission Reduction Transactions

    December 2017

    The national carbon market would be officially launch carbon quota trading around 2020 after infrastructure construction and simulated operation., and gradually expand as the stable operation of the power generation industry
  • 2019-2020 National Carbon Emission Trading Quota Setting and Distribution Implementation Plan (Power Generation Industry)"

    November 2020

    Issued a list of key emission units included in quota management, the types of units under quota management, to determine the total amount of national quotas and allocation methods
  • Measures for the Management of Carbon Emission Trading (Trial) was reviewed and approved by the Ministry of Ecology and Environment, effective from February 1, 2021

    January 2021

    Standardized the national carbon emission trading mechanism and the supervision of related activities, including carbon emission quota, allocation and payment, carbon emission rights registration, trading, settlement, greenhouse gas emission reporting and verification, etc.
RUIDE has participated in China's carbon trading market since 2014,
it has grew into one of the largest carbon trading service providers in China.
By the end of 2020, RUIDE has obtained the memberships of all the emission rights exchanges in China, including Beijing, Tianjin, Shanghai, Chongqing, Shenzhen, Fujian, Guangdong, Hubei and Sichuan, with more than 40 million tons of carbon traded and a transaction amount exceeding RMB1 billion.RUIDE is also one of the largest domestic developers of products such as CCERs, forest carbon sinks, VCS-labeled CCB standard afforestation carbon sinks, and Tanpuhui, with carbon emission reduction rights reserves exceeing 15 million tons/ year.

Carbon
Trading

  • RUIDE has the most professional team in carbon asset management and carbon finance. With our CCERs trading and replacement, carbon quota and other trading solutions, RUIDE helps control companies to reduce future carbon quota price fluctuations triggered by the performance cost and risk, while meeting the carbon-based financing needs of emission control companies.
  • By the end of 2020, RUIDE has traded more than 40 million tons of carbon dioxide equivalent, serving nearly 200 key emission institutions.
  • China Certified Emissions Reduction (CCERs) are officially recognized as the most feasible
  • trading target as the supplement to the carbon quota market. The CCERs projects developed by RUIDE has more than 80% new projects and the carbon emission reduction equity reserves exceed 15 million tons/year.

China Certified
Emissions
Reduction (CCERs)

Forest
Carbon
Sink

  • It is the process to reduce the concentration, activities or mechanism of greenhouse gases in the atmosphere by planting afforestation, forest management, vegetation restoration and other measures to absorb carbon dioxide in the atmosphere through plant sunlight cooperation before fixing it in vegetation and soil.
  • RUIDE is committed to developing forest carbon sink projects in China, covering an area of approximately 2.4 million mu. In response to the spirit of Saihanba, RUIDE assisted Saihanba Forest Farm (winner of UN Champions of the Earth) to obtain the carbon sink revenue.
  • VCS-labeled CCB is a standard to define the impact of forestry carbon sink projects on the local climate, community and biodiversity of the project under the international voluntary emission reduction mechanism.
  • The VCS-labeled CCB afforestation project developed by RUIDE covers an area of 2.4 million mu, while the average annual emission reduction during the project life cycle is about 3.2 million tons of carbon dioxide equivalent. As China's largest operator in the VCS labeling CCB primary and secondary market , RUIDE plans to add 16 million acres of VCS labeling CCB projects by the end of 2021.

VCS- Labeled
CCB Standard
Afforestation
Carbon Sink

Tanpuhui

  • As a brand-new carbon trading mechanism in the carbon market, Tanpuhui encourages community households and individuals to save energy and reduce carbon.
  • RUIDE and UnionPay have worked together to provide incentives for green travel, encourage users to use QuickPass when take public transportation, donate the proceeds of emission reduction to the elementary school in Longchuan County, Guangdong Province.
Green Certificate
Issuance and voluntary trading of renewable energy power certificates
are encouraged both at home and abroad

Domestic Green Certificate /
Renewable Energy Certificate

In 2017, to improve the new energy industry system and promote the withdrawal of subsidies, Notice on the Trial Implementation of the Renewable Energy Green Power Certificate Issuance and Voluntary Subscription Transaction System is issued by the National Development and Reform Commission, the Ministry of Finance and the National Energy Administration.

RUIDE has effectively reduced the overall cost of purchasing green energy for enterprises through the green certificate renewable energy certificate project.

International Renewable Energy
Certificate, or I-REC

Thanks to the close cooperation with large energy companies, especially power companies, RUIDE has rich resources and channels in the field of green certificate transactions.

In addition, RUIDE has opened a trading account under the VCS in the VERRA platform, providing consulting and trading services to customers in need.

Plastic Trading Rights

(Implemented by US VERRA)

Founded in 2005, VERRA is a voluntary emission reduction platform jointly established by Fortune 500 companies. It is aimed to convert the emission reductions of MRV greenhouse gases

Plastic trading right is served as a global standard for the recycling and reuse of plastic waste.

  • It’s aimed to develop trading rights regulations and systems for plastic recycling and reuse projects
  • Establish a plastic trading mechanism, encouraging companies to recycle and reuse plastic waste more effectively
Ecological asset accounting
Ecological asset accounting requires clear administrative boundaries
Generally calculated each calendar year
It is generally believed that ecological asset accounting includes two aspects: direct and indirect value accounting. The accounting method is based on the gross Ecosystem Production (GEP) accounting or natural resource balance sheet.

Gross Ecosystem Product (GEP)

  • Calculate according to the type of ecosystem, taking products and services as the unit
  • 7 ecosystems: Forest, wetland, grassland, desert, ocean, farmland, city
  • Three values: ecosystem product value, ecological regulation service value, ecological cultural service value

Balance Sheet of Natural Resources

  • Perform accounting per account by types of natural resources
  • Three categories of resources: land, forest, water (balance sheet of explorable mining deposit and other resources in different areas )
  • Two accounts: physical account, value account