The reporter learned from the 2007 China Coal Industry Summit held in Beijing from December 5th to 7th that the Clean Development Mechanism (CDM) market has developed rapidly in recent years and the Chinese market is particularly attractive. The world-famous carbon finance company Followed by. Due to the large number of projects to be approved and the limited power of the examination and approval authorities, the entire registration process takes a long time and becomes a bottleneck restricting development.
Talking about the development potential of China's CDM market, the head of the British Climate Change Capital Group said with enthusiasm that the current two major buyers of the CDM market are Europe and Japan, while China is surpassing developing countries such as India and Brazil to become the largest seller market. Currently, it holds 60% of the market share. As a result, large international carbon finance companies such as Climate Change Capital Group and Rui Carbon Group have begun to set their sights on China.
It is said that with more and more companies' awareness of CDM projects, the Chinese CDM market has entered an active period. As of the end of October, the number of CDM projects that have been certified in China has reached 885. Therefore, the CDM is internationally dubbed the "China Development Mechanism." Because the greenhouse effect of industrial gases such as carbon fluoride and nitrous oxide are far greater than carbon dioxide, many chemical companies have become beneficiaries of CDM projects. Since the beginning of this year, many chemical companies have applied for CDM projects. The dry-process acetylene calcium carbide slag cement in the chlor-alkali industry is now applying for CDM projects.
According to reports, if you want to apply for a CDM project, you must first have a project plan book. After approval by the National Development and Reform Commission, it will be sent to the relevant UN agencies for approval. Due to the complexity of the procedures, coupled with the limited power of the United Nations agencies responsible for examination and approval, CDM projects that have been registered in the past three or two months have now greatly extended their time. Some may even take more than a year.
The first carbon fund financed by the Climate Change Capital Group completed its entire investment last year, the largest of which was the N2O emission reduction project for industrial gases. The size of the second carbon fund financing has reached 800 million euros. Currently, 350 million euros has been invested in CDM projects, including traditional renewable energy, biomass energy, coke oven gas and natural gas projects.
The reporter also learned that on December 3, 2007, at the United Nations Climate Change Conference opened in Bali, Indonesia, Australia had joined the Kyoto Protocol. Since the "Kyoto Protocol" has not made any explicit provisions on the obligations of developing countries after 2012, whether developing countries have to fulfill their emission reduction tasks is still unknown. Therefore, there are certain risks in the process of carrying out CDM project cooperation.
Talking about the development potential of China's CDM market, the head of the British Climate Change Capital Group said with enthusiasm that the current two major buyers of the CDM market are Europe and Japan, while China is surpassing developing countries such as India and Brazil to become the largest seller market. Currently, it holds 60% of the market share. As a result, large international carbon finance companies such as Climate Change Capital Group and Rui Carbon Group have begun to set their sights on China.
It is said that with more and more companies' awareness of CDM projects, the Chinese CDM market has entered an active period. As of the end of October, the number of CDM projects that have been certified in China has reached 885. Therefore, the CDM is internationally dubbed the "China Development Mechanism." Because the greenhouse effect of industrial gases such as carbon fluoride and nitrous oxide are far greater than carbon dioxide, many chemical companies have become beneficiaries of CDM projects. Since the beginning of this year, many chemical companies have applied for CDM projects. The dry-process acetylene calcium carbide slag cement in the chlor-alkali industry is now applying for CDM projects.
According to reports, if you want to apply for a CDM project, you must first have a project plan book. After approval by the National Development and Reform Commission, it will be sent to the relevant UN agencies for approval. Due to the complexity of the procedures, coupled with the limited power of the United Nations agencies responsible for examination and approval, CDM projects that have been registered in the past three or two months have now greatly extended their time. Some may even take more than a year.
The first carbon fund financed by the Climate Change Capital Group completed its entire investment last year, the largest of which was the N2O emission reduction project for industrial gases. The size of the second carbon fund financing has reached 800 million euros. Currently, 350 million euros has been invested in CDM projects, including traditional renewable energy, biomass energy, coke oven gas and natural gas projects.
The reporter also learned that on December 3, 2007, at the United Nations Climate Change Conference opened in Bali, Indonesia, Australia had joined the Kyoto Protocol. Since the "Kyoto Protocol" has not made any explicit provisions on the obligations of developing countries after 2012, whether developing countries have to fulfill their emission reduction tasks is still unknown. Therefore, there are certain risks in the process of carrying out CDM project cooperation.
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