Here we must mention the carbon credit mechanism, which is often referred to as the offset mechanism, which is also commonly used by the public sector as a supplementary mechanism for cap emissions trading and carbon taxes. In addition to cap emissions trading, the state will also use the carbon credit mechanism to allow "non-regulated parties" to implement emission reduction projects to obtain carbon rights, such as the column "Does buying green electricity buy carbon rights at the same time?" The carbon rights discussed in ” belong to this category.

The carbon right under this mechanism is popular database usually called a reduction credit, which represents the reduction effect, and the market for trading this credit is the voluntary market. Since the carbon rights generated by this mechanism can also be traded in the market, carbon pricing can be carried out through transaction prices. This is the type of credit program created by our EPA. According to the latest statistics of the World Bank, more than 15 countries in the world have domestic carbon credit mechanisms.

'The carbon rights generated by the carbon credit mechanism can be used to offset emissions, and most of them play the role of total emissions trading. mechanisms or complementary mechanisms to carbon taxes. In addition, there are currently five universal carbon credit mechanisms in the world. As long as the reduction projects implemented around the world comply with the rules set by these mechanisms, the carbon rights issued by the mechanism can be obtained and sold to For those in need of emission credits.