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Not long ago, at the CDM Global Environmental Protection and China Promotion Clean Development Mechanism process held in Xi'an, the potential of renewable energy in the global Clean Development Mechanism (CDM) has attracted widespread attention from the industry. In response, the reporter learned from the follow-up interview that as of February of this year, among the 1,087 CDM projects that have been registered worldwide, 650 are in the energy industry sector, accounting for 59.8% of which, renewable energy accounts for a relatively high percentage and has become the mainstream of CDM. As a rookie in the renewable energy industry, China's CDM has shown strong growth.
CDM: Greenhouse Gas Emissions Reduction Platform In June 1992, 154 countries signed the UN Framework Convention on Climate Change at the United Nations Environment Conference and decided to jointly take measures to prevent climate anomalies caused by global warming. In 1997, the "Kyoto Protocol" that set mandatory emission reduction targets for developed countries was formulated in this regard, which stipulated that developed countries must reduce six types of greenhouse gas emissions by 2012, and emissions should be reduced by 5.2% from 1990 levels. The six greenhouse gases include carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6), and the like.
The "Kyoto Protocol" came into force on February 16, 2005, and there are three ways to fulfill it, namely the joint performance mechanism, the clean development mechanism and the emission trading mechanism. Among them, the clean development mechanism means that developed countries with emission reduction obligations invest funds and technologies in developing countries that do not have emission reduction obligations, and the resulting greenhouse gas emission reductions serve as their own national emission reduction targets.
The International Energy Agency predicts that due to rapid economic and population growth, developing countries will account for 74% of the global increase in primary energy consumption, of which only China and India account for 45% of the global energy increase.
Renewable energy: the new darling of CDM Fossil energy is currently the main source of energy for human use, but it is also a major source of greenhouse gas emissions. In recent years, as the world's energy demand continues to grow, energy security, sustainable use and climate change have caused great concern in all countries. The use of renewable energy sources as one of the fundamental measures to change this status has become the area with the greatest potential for CDM development.
Li Yongjun, director of the CDM Global Environmental Protection Fund, said that as of February 2008, of the 1,087 CDM projects registered in the world, 650 were in the energy industry, accounting for 59.8%, which is the highest in all fields, implying that the energy industry in particular It is renewable energy that has become the mainstream of CDM and has great potential for development. In addition, there are 256 waste disposal areas, 98 energy utilization projects, and 83 agriculture.
It is understood that the CDM projects in the field of renewable energy are mainly used to develop renewable energy sources such as solar energy, wind power, hydropower, and biomass to replace fossil fuels for power generation and use as fuels to reduce CO2 emissions; CBM, or anaerobic treatment of solids or liquids containing organic matter, is used to recover and reuse methane.
Developed countries have transferred their renewable energy technologies to developing countries and established carbon trading markets. At present, more than 10 carbon trading markets such as the European Carbon Exchange, the European Energy Exchange, the Chicago Climate Exchange, and the Australian Energy Exchange have formed. In February 2007, the United Nations and China issued a statement that they will set up a carbon exchange in Beijing.
According to the "Kyoto Protocol," the reduction of emissions allocated by the United Nations to countries with emission reduction obligations (developed countries) is 44.4 billion tons of CO2 equivalent, which is equivalent to 10 US dollars converted from 1 ton of CO2 equivalent. The market size is expected to reach 444 billion US dollars. Among them, CO2 emissions obtained through CDM will reach 1 billion tons, and the market size will be US$10 billion.
China: Newcomers to the renewable energy industry China is listed as a developing country with no obligation to reduce emissions, but actively promotes greenhouse gas emission reductions. In recent years, the average annual CO2 emission reduction has reached 46.39 million tons, accounting for 42.71% of the total global emission reductions. . The rapid development of China's CDM market has entered an active period and has become one of the largest seller's markets. Globally renowned carbon finance companies have come one after the other. More and more domestic companies are gradually cognizing CDM projects. A large number of CDM projects applied by chemical companies have been approved and become direct beneficiaries of the CDM. It is reported that at present, the National Development and Reform Commission has approved more than 1,000 CDM projects, of which 214 have successfully registered in the United Nations, accounting for 19.69%, making it the second largest investment promotion country (developing country) after India.
The pace of development of renewable energy in China has accelerated significantly. In January 2006, China’s “Renewable Energy Law†came into effect and formulated policies to support the development of renewable energy, such as electricity prices, taxation, and investment; in June 2007, the Chinese government issued the “China’s National Climate Change Programâ€. To develop wind energy, biomass and other renewable energy sources, and to accelerate the development and utilization of coalbed methane, as an important measure to combat climate change and reduce greenhouse gas emissions, it is estimated that by 2010, greenhouse gas emissions will be reduced by approximately 290 million tons of CO2 equivalent; in September of the same year, China The government also issued the "Mid-term and long-term development plan for renewable energy," and clearly stated that renewable energy consumption will reach 10% of total energy consumption by 2010, and will reach 15% by 2020. In 2007, China’s renewable energy utilization amounted to approximately 220 million tons of standard coal, accounting for 8.5% of total primary energy consumption. (Reporter Li Jun)
CDM: Greenhouse Gas Emissions Reduction Platform In June 1992, 154 countries signed the UN Framework Convention on Climate Change at the United Nations Environment Conference and decided to jointly take measures to prevent climate anomalies caused by global warming. In 1997, the "Kyoto Protocol" that set mandatory emission reduction targets for developed countries was formulated in this regard, which stipulated that developed countries must reduce six types of greenhouse gas emissions by 2012, and emissions should be reduced by 5.2% from 1990 levels. The six greenhouse gases include carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6), and the like.
The "Kyoto Protocol" came into force on February 16, 2005, and there are three ways to fulfill it, namely the joint performance mechanism, the clean development mechanism and the emission trading mechanism. Among them, the clean development mechanism means that developed countries with emission reduction obligations invest funds and technologies in developing countries that do not have emission reduction obligations, and the resulting greenhouse gas emission reductions serve as their own national emission reduction targets.
The International Energy Agency predicts that due to rapid economic and population growth, developing countries will account for 74% of the global increase in primary energy consumption, of which only China and India account for 45% of the global energy increase.
Renewable energy: the new darling of CDM Fossil energy is currently the main source of energy for human use, but it is also a major source of greenhouse gas emissions. In recent years, as the world's energy demand continues to grow, energy security, sustainable use and climate change have caused great concern in all countries. The use of renewable energy sources as one of the fundamental measures to change this status has become the area with the greatest potential for CDM development.
Li Yongjun, director of the CDM Global Environmental Protection Fund, said that as of February 2008, of the 1,087 CDM projects registered in the world, 650 were in the energy industry, accounting for 59.8%, which is the highest in all fields, implying that the energy industry in particular It is renewable energy that has become the mainstream of CDM and has great potential for development. In addition, there are 256 waste disposal areas, 98 energy utilization projects, and 83 agriculture.
It is understood that the CDM projects in the field of renewable energy are mainly used to develop renewable energy sources such as solar energy, wind power, hydropower, and biomass to replace fossil fuels for power generation and use as fuels to reduce CO2 emissions; CBM, or anaerobic treatment of solids or liquids containing organic matter, is used to recover and reuse methane.
Developed countries have transferred their renewable energy technologies to developing countries and established carbon trading markets. At present, more than 10 carbon trading markets such as the European Carbon Exchange, the European Energy Exchange, the Chicago Climate Exchange, and the Australian Energy Exchange have formed. In February 2007, the United Nations and China issued a statement that they will set up a carbon exchange in Beijing.
According to the "Kyoto Protocol," the reduction of emissions allocated by the United Nations to countries with emission reduction obligations (developed countries) is 44.4 billion tons of CO2 equivalent, which is equivalent to 10 US dollars converted from 1 ton of CO2 equivalent. The market size is expected to reach 444 billion US dollars. Among them, CO2 emissions obtained through CDM will reach 1 billion tons, and the market size will be US$10 billion.
China: Newcomers to the renewable energy industry China is listed as a developing country with no obligation to reduce emissions, but actively promotes greenhouse gas emission reductions. In recent years, the average annual CO2 emission reduction has reached 46.39 million tons, accounting for 42.71% of the total global emission reductions. . The rapid development of China's CDM market has entered an active period and has become one of the largest seller's markets. Globally renowned carbon finance companies have come one after the other. More and more domestic companies are gradually cognizing CDM projects. A large number of CDM projects applied by chemical companies have been approved and become direct beneficiaries of the CDM. It is reported that at present, the National Development and Reform Commission has approved more than 1,000 CDM projects, of which 214 have successfully registered in the United Nations, accounting for 19.69%, making it the second largest investment promotion country (developing country) after India.
The pace of development of renewable energy in China has accelerated significantly. In January 2006, China’s “Renewable Energy Law†came into effect and formulated policies to support the development of renewable energy, such as electricity prices, taxation, and investment; in June 2007, the Chinese government issued the “China’s National Climate Change Programâ€. To develop wind energy, biomass and other renewable energy sources, and to accelerate the development and utilization of coalbed methane, as an important measure to combat climate change and reduce greenhouse gas emissions, it is estimated that by 2010, greenhouse gas emissions will be reduced by approximately 290 million tons of CO2 equivalent; in September of the same year, China The government also issued the "Mid-term and long-term development plan for renewable energy," and clearly stated that renewable energy consumption will reach 10% of total energy consumption by 2010, and will reach 15% by 2020. In 2007, China’s renewable energy utilization amounted to approximately 220 million tons of standard coal, accounting for 8.5% of total primary energy consumption. (Reporter Li Jun)
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