Hello from sunny Shang Hai
I’m in China right now getting ready for the start of Carbon Trade China 2008.
Asia & Pacific accounted for 80% of carbon trade volume in the CDM market. New projects in Asia increased dramatically.China accounted for 51% of the world’s CDM carbon emission credits. During the first three quarters 2007, the number of CDM projects is over 500, 2.5 times more than that in 2006. China will continue to be the biggest seller of CDM credits from UN reports.
As EU NAPs are set and the execution time (2008-2012) is approaching, you must have the following questions in minds[sic]:
- What is carbon market outlook in the next 5 years and post 2012?
- How will any future mechanism affect Asian market?
- What roles will China play in the future market?
- Where could we find suitable CDM project information and right project sellers quickly and effectively?
There is no doubt that China, the world’s largest producer of CO2e per annum by overall volume on one hand and also the world’s leading CDM project developer on the other, is the 800 pound gorilla in the carbon market. I hope to meet some of the main players in the carbon trade while I am here. Interestingly most of the people I have met here have been European and Scandinavian so far. More news as it comes to hand, and maybe some photos. — DS
Technorati Tags: business, carbon credits, Carbon Planet, CDM, China, Clean Development Mechanism, climate change, economics, emissions reduction, emissions trading, emissions trading scheme, energy efficiency, Gold Standard, Kyoto Protocol, origination
