Jiaxing Port Launches First Carbon Offset Trading Scheme in Hydrogen Energy Sector

The Jiaxing Port Area has launched the nation’s first carbon offset trading scheme in the hydrogen energy sector, led by the Jiaxing Municipal Bureau of Ecology and Environment. A transaction involving carbon credit certified emission reductions (CCER) was executed, where 300 tons of CCRs were purchased for ecological compensation.

This marks the first use of CCERs from hydrogen-powered vehicles for environmental damage compensation in Jiaxing and the national hydrogen sector. Jiaxing Port has put 100 hydrogen-powered heavy trucks into operation, reducing annual carbon emissions by over 800 tons.

The initiative aims to explore carbon credit value in hydrogen vehicle operations, transforming emission reductions into carbon assets and offering new avenues for companies to meet environmental responsibilities. The port area plans to expand this model using 522 hydrogen vehicles connected to a data platform, targeting an annual reduction of over 10,000 tons and establishing a framework for carbon trading in ecological compensation.