Asia and the Clean Development Mechanism
November 16, 2007 by Eugene
Filed under Asia, Climate Change
(Just for fun, rest assure that the carbon credits from CDM projects are not earned in the above manner.)
The Clean Development Mechanism (CDM) was discussed in our previous article. We are encouraged by the interest and participation of China and India in the CDM projects. However, the other Asian countries are still not making full use of the CDM to get funding and technology to reduce their emissions. Some information that we obtained from the Carbon Forum Asia 2007 is shown below.
The UNFCCC CDM website reported that there are 844 registered projects and 53 requesting registration, and more than 2600 projects in the pipeline. Of the registered projects, 61% is implemented in Asia and the Pacific (34% is implemented in India, 16% in China, 2% each in Malaysia and Korea). The expected average annual CERs from the registered projects amount to about 174,268,851 and 45% is generated by China while India generates 16%. Together, India and China takes up 50% of the CDM registered projects and generates 61% of the annual CERs.
The UNEP Risoe Centre reported that for the other 2600 projects in the pipeline, 73% is in Asia and the Pacific. The number of CDM projects in Asia by country are as follows: China (44%); India (40%); Malaysia (4%); Indonesia (3%); Philippines (2%); South Korea (2%); Thailand (2%); Vietnam (1%); Sri Lanka (1%) and Others (1%). The expected volume of CERs until 2012 in Asia is generated mostly from China (66%) and India (19%).
The above figures show that China and India host most of the CDM projects in Asia and the world, and most of the CERs is expected to be from China. The other countries in Asia are still lacking behind in the CDM market and some speakers attribute it to the lack of knowledge and awareness of CDM among the governments and private companies, and also the lack of financial support. Those countries can learn from China, especially on China’s role in CDM and carbon trading, and on how China use the profits generated for tackling climate change.
Source: UNFCCC CDM website; UNEP Risoe Centre; China.org.cn; Xinhua News Agency. Image attribution: WillyFeng.
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Check out what others are saying about this post...[...] Nick Hodge wrote an interesting post today onHere’s a quick excerptThose countries can learn from China, especially on China’s role in CDM and carbon trading, and on how China use the profits generated for tackling climate change. Source: UNFCCC CDM website; UNEP Risoe Centre; China.org.cn; … [...]