Chinese exports expand - Now Carbon Credits

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Latest report from Carbon Offset daily underlines the significant comparative advantage China has in generating Carbon Credits. They are reporting
The Norwegian Ministry of Finance has signed an agreement to buy carbon credits from Shenhua Group, China’s largest coal miner, under the clean development mechanism (CDM), a statement on the State-owned Assets Supervision and Administration Commission’s website said on Tuesday.
The certified emission reductions (CERs) will be generated from four wind farm projects in Chicheng and Tongliao in Inner Mongolia autonomous region, developed by Guohua Energy Investment Co, a subsidiary of Shenhua Group.

The four projects are expected to generate over 400,000 tons worth of reduction of carbon dioxide emissions every year. The annual revenue is expected to reach 4.8 million euros.

Comments

  1. KGAHillApril 2, 2009 at 10:13 AM

    Congrats, George. In short time I hope the site will be 'About Us' as you enlarge the collaboration in the region. There is a surfeit of information on the activities in the individual countries and regionally, generated by and of, but so little exposure among themselves. I propose setting up a DATA BASE by posting the studies and the LINKS. 2) Updating the Information that requires interaction at the regional and international level, with target dates for common action. 3. Involve not only the NGOs, but most importantly the GOVTS and Private Business. This would be a good start, I believe. Copenhagen December 2009 is an 'end point'. The 'way stations' are vital, incl. the WMO's WCC3 in August 2009, Geneva.

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