Complicated Traditional Certification System
The traditional carbon asset certification systems (such as China Certified Emission Reduction) are complex, time-consuming, and available only to industry participation, not consumers.
Low Enterprise Participation
Traditional carbon reduction is mainly driven by administrative orders rather than market-oriented economic incentives. Inevtiably, the enterprises lack the enthusiasm for such programs.
Low Individual Participation
Currently, there is no standard as to the quantification of individual carbon reduction, adding difficulty to evaluating individual carbon reduction data, nor is there an effective rewards system to encourage individuals to participate in carbon reduction. Since there are over 7 billion people in the world, without the participation of individuals, no program can succeed.
Lacking Certification and Supervision
The carbon reduction data can be counterfeited or altered at any stage from source to storage. Lacking effective supervision, it’s hard to monitor the data.