China, a Big Potential Market for Clean Development Mechanism

As the Kyoto Protocol goes into effect as of February 16, 2005, an international carbon dioxide trading market worthy over a hundred billion US dollars will come into existence. According to the Clean Development Mechanism (CDM) of the Kyoto Protocol, the overall Green House Gas (GHG) emission by industrialized countries will gain a 5.2% reduction from 2008 to 2012. To reach this goal, all industrialized countries bound by the United Nations Framework Convention on Climate Change are allocated with a certain quota of GHG emission reduction. For instance, the original 15 member countries of European Commission committed a overall reduction quota of 8%.

CDM provides a good opportunity for China to integrate market, technology and capital with environmental protection industry. As a block trade commodity, GHG is tradable. In the upcoming 8 years from 2005 to 2012, Chinese enterprises can participate in international carbon dioxide trading as CO2 sellers, without shouldering emission reduction liabilities.

With the impending effective date of the Kyoto Protocol, the trade-off of GHG emission reduction quota between developed countries and developing countries is underway. In this process, China will become the big market for Clean Development Mechanism. By now, countries including Italy, German, Canada and Dutch are the early birds that have established partnership with China in CDM projects.

More>>>>

中国：清洁发展机制的巨大舞台

        2005年2月16日，《京都议定书》的正式生效，意味着一个上千亿美元规模的国际碳排交易市场将全面启动。《京都议定书》的清洁发展机制（CDM）规定， 2008年到2012年间，工业化国家的全部温室气体排放量比1990年平均减少5.2％。为达到限排目标，各参与公约的工业化国家都被分配到一定数量的减少排放温室气体的配额，如欧盟15个老成员国承诺的减排配额是8％。

        清洁发展机制（CDM）为中国提供了一个前所未有的将市场、技术、资金和环保整合为一的发展契机。温室气体作为“大宗交易商品”可以买卖，为中国企业提供了一个千载难逢的机遇——在未来的8年（2005-2012）中，中国企业可以作为“CO2”的净卖方参与国际碳市交易，无需承担减排义务。

        随着《京都议定书》的生效日期迫近，发达国家与发展中国家正积极进行温室气体减排配额交易。在这一国际市场中，中国成为清洁发展机制的巨大舞台，意大利、德国、加拿大、荷兰等国家已经捷足先登成为中国清洁发展机制项目的合作伙伴。

全文>>>>

Editor's Message

This Newsletter is published to report  the up-to-date progress of Sino-Italian Cooperation Program for Environmental Protection, disseminating the cutting edge ideology, methodology and technology of Italy in environmental protection and ecology, introducing the political, economic and cultural cooperation between Italy and China as well as the environmental protection policy and market information of China. We hope this will bridge cooperation and establish communication platform between all environment related government agencies, enterprises and research institutes of Italy and China. Your remarks and suggestions will be most welcomed. We are looking forward to interaction with you. Please contact us at info@sinoitaenvironment.org.

编者的话

        本刊的宗旨是报道中意环保合作项目的最新进展，介绍意大利在环保和生态领域最前沿的理念、方法和技术，中意两国在政治、经济、文化领域的合作情况以及中国的环保政策和市场。本刊希望能成为中意两国与环境保护有关的政府部门、企业及研究机构合作的桥梁和信息沟通平台。欢迎您的批评和建议，我们期待与您互动。我们的联系方式是：info@sinoitaenvironment.org。