The First Registered Geothermal District Heating Project In The Trading Mechanism For Chinese Certified Emission Reduction (ccer), A Case Study of China’s Carbon Market

In June 2012，China government released the regulation for the administration of Chinese Certified Emission Reduction transactions，and stablished its own domestic carbon market. In addition to carbon quotas, market participants can also trade CCERs, which are credits issued to entities that register to voluntarily reduce emissions. In order to develop a CCER project, most emission reduction evaluation methodologies under CDM mechanism can be used in China's carbon market, the methodology for geothermal district heating project, AM0072 ver. 2 - Fossil Fuel Displacement by Geothermal Resources for Space Heating, was transferred to CCER mechanism, named CM-022-V01. A project which operated by Sinopec Green Energy Geothermal Development Co., ltd, named “Geothermal district heating project in Qinhan Xincheng Xixian New Area Shannxi Province” was registered as the first project of its kind. This will help to increase the income of such projects and increase their financial attractiveness.