Voluntary emissions reduction projects
To encourage domestic industries to invest in greenhouse gas reduction actions early. On December 31, 2014, in accordance with Article 22 of the Temperature Management Act, the Department issued the "Greenhouse Gas Offset Project Management Measures" as the basis for the recognition of greenhouse gas reduction results. The above method refers to the United Nations Clean Development Mechanism to promote related work, and encourages enterprises to promote reduction work by issuing reduction quotas as an incentive. According to the provisions of the Regulations, for the application for exchanging project quotas, a project plan should be submitted in accordance with the reduction method approved by this agency, and the project can only be implemented after being confirmed by the inspection agency and deliberated by this agency to complete the registration process. The monitoring report on the actual reduction performance of the project plan shall be verified by the inspection agency and applied to the Department for quota approval. After being reviewed and approved by the Department, the reduction quota will be obtained.
The aforementioned mechanism complies with the international requirements for measurable, reportable, and verifiable greenhouse gases to ensure substantial reduction; Hazards and avoiding double counting and other five principles to avoid deduction quotas being takenWhen the reduction is made, it should be reduced to the reduction effect expected to be achieved by the original relevant control regulations.
In addition, on February 15, 2012, the temperature management law was amended to the climate law, and new carbon fees were added, and new or changed emission sources of a certain scale should be offset according to a certain percentage of greenhouse gas increments; at the same time in the climate Article 25 of the law stipulates that "enterprises or governments at all levels may independently or jointly propose voluntary reduction projects, apply to this agency for approval to obtain reduction quotas, and use them in accordance with the prescribed conditions and time limit" to continue the offset project mechanism and encourage enterprises Early reduction. After obtaining the reduction quota, it can be transferred, traded or auctioned to the carbon fee collection target or those who have the demand for incremental replacement, so as to improve the cost effectiveness of reduction, and also provide reduction incentives to promote reduction.
The Department has formulated the "Greenhouse Gas Voluntary Reduction Project Management Measures" (hereinafter referred to as the "Voluntary Reduction Project Management Measures") to standardize domestic quota review, etc., with the aim of simplifying procedures, encouraging participation, and expanding results. Principles to ensure that the country as a whole achieves substantial reduction and steady promotion.
For detailed information on voluntary reduction projects and redemption projects, please visit the Voluntary Greenhouse Gas Reduction Offset Information Platform.
The voluntary reduction mechanism is a supporting measure of the carbon pricing mechanism. It encourages carbon fee collection targets to "lead the small" to cooperate with non-incorporated enterprises to implement reduction measures. The incentive mechanism will be able to promote the active reduction of business, and steadily promote the overall reduction of the country's overall real reduction towards the goal of net zero transformation.