The Guangzhou Carbon Emission Rights Exchange (GCEEX) has announced a competitive auction of Guangdong Province Carbon Inclusive Certified Emission Reductions (PHCER) from a forestry carbon sink project, set for 3 July 2026, with the exchange acting as agent for the project owner under the province’s carbon inclusive trading regime.
The entire available volume — 1,733 tonnes of PHCER — originates from a forestry carbon project in Linzhao Village, Hongchang Town, Chaonan District, Shantou. Participants must be registered GCEEX carbon trading members and complete all account and registration requirements before 16:00 on 2 July. Each individual bid must cover at least the full 1,733-tonne volume; multiple bids per party are permitted but are irrevocable once placed. Valid bids are ranked by price first, then by submission time, with the uniform clearing price fixed at the final matched bid.
Settlement requires the winning buyer to transfer funds to GCEEX’s designated clearing account within ten trading days of receiving a formal transaction notice. A buyer who defaults will have their auction participation rights suspended, and GCEEX will re-tender the volume on the project owner’s behalf. The project owner may issue standard VAT invoices at the final clearing price.
Carbon Market Context
- The Shantou forestry lot is offered under Guangdong’s PHCER framework, which issues province-level verified emission reductions for low-carbon activities including forestry. On the international voluntary market, afforestation and reforestation projects are commonly assessed against methodologies such as the ACR Methodology for Afforestation & Reforestation of Degraded Land (ACR-AR-DEGRADED-LANDS-V1-2) and the Isometric Reforestation standard (ISOMETRIC-REFORESTATION-V1-2).
- Across tracked afforestation-pathway projects, roughly 230,000 tCO₂e has been issued against a total pipeline of approximately 305,000 tCO₂e, with around 75,000 tCO₂e retired — context that places the 1,733-tonne Shantou lot well below the scale typical of internationally registered afforestation issuances.
- The Global Tree C-Sink certification guidelines (CSI-GLOBAL-TREE-C-SINK-4000001EN-V1-0, March 2024) represent one of the newer international frameworks for verifying tree-based carbon sequestration, illustrating the methodological innovation occurring alongside China’s provincial-level carbon market activity.
- China’s climate commitments, as articulated at UN Climate Action Summit-level forums, supply a national policy backdrop against which sub-national mechanisms such as Guangdong’s PHCER auctions are situated.
Source
- 汕头市潮南区红场镇林招村林业碳汇碳普惠项碳交易网, 2026-06-26