Core Viewpoint - The Ministry of Ecology and Environment is expanding the voluntary greenhouse gas emission reduction methodologies to include biomass energy utilization and methane reduction in the oil and gas industry, indicating a shift towards more specialized and refined emission reduction mechanisms in China [2][3]. Group 1: New Methodologies - The Ministry of Ecology and Environment has opened public consultation on four new methodologies related to biomass power generation and methane recovery from oil and gas fields [2]. - The first batch of national voluntary greenhouse gas emission reduction trading market methodologies was released in October 2023, focusing on afforestation carbon sinks and renewable energy [2]. - The second batch, released in January 2025, included methodologies for energy-saving in tunnel lighting and low-concentration gas utilization in coal mines [2]. Group 2: Focus on Methane Emission Control - Methane is the second-largest greenhouse gas after carbon dioxide, and the new control plan emphasizes the comprehensive utilization of methane and the management of methane emissions from oil and gas fields [3]. - The third batch of methodologies aims to address "hard-to-reduce" sectors, enhancing the economic viability of methane recovery for oil and gas companies [3]. - The implementation of these new methodologies is expected to provide a clear pathway for biomass power projects to participate in the carbon market [3].

Group 1 - The core viewpoint of the articles revolves around the recent developments in CCER (China Certified Emission Reduction) methodologies, highlighting the need for expansion and adaptation to promote low-carbon projects and enhance market supply [1][3][4] - The Ministry of Ecology and Environment has publicly solicited suggestions for new CCER methodologies, indicating a proactive approach to broaden the scope of emission reduction projects [1][2] - The current CCER price remains high, with a trading average of 100.10 yuan per ton, driven by supply-demand imbalances and increased market participation from diverse stakeholders [2][3] Group 2 - There is a consensus among industry experts that the carbon quota prices and CCER prices are expected to rise steadily in the future, with CCER supply anticipated to increase in an orderly manner [3][4] - The new CCER methodologies are expected to enrich the voluntary carbon market and increase the market supply of CCERs, focusing on sectors with emission reduction potential such as distributed energy, storage, transportation, and construction [3][5] - The application for CCER methodologies is restricted to certain industries, excluding those with mandatory emission reduction obligations, which may limit participation from some sectors [3][5][6] Group 3 - The development of new CCER methodologies is seen as a potential source of commercial opportunities, particularly for projects that meet additionality requirements and align with national industrial policies [4][5] - Experts suggest that companies should ensure safety, conduct additionality assessments, and consider international best practices when developing CCER methodologies [7][8] - The complexity of technical validation for methodologies may pose challenges, and companies are encouraged to seek guidance from experienced institutions or experts to navigate these difficulties [8]