Japan-China CDM Promotion Meeting Held in Beijing

A meeting to promote Clean Development Mechanism (CDM) projects, which allow emissions trading under the Kyoto Protocol, was held in Beijing, China, on June 28, 2005, by government affiliated financial institutions of Japan and China, the Development Bank of Japan and the China Development Bank. Other participants were Japan Carbon Finance, Ltd. (JCF) and Chinese governmental organizations, such as the State Environmental Protection Administration and the Office of National Coordination Committee on Climate Change.

At the meeting, both countries presented their environmental policies and CDM initiatives, and exchanged ideas on specific projects that have the potential to help Japan meet its emission reduction targets. They also discussed how to enhance cooperation between the two nations in this field.

With a new domestic law to deal with CDM projects enacted in June 2004, the Chinese government is expecting greenhouse gas emissions to be reduced through the Kyoto Mechanisms. The China Development Bank, on the other hand, has financed major economic development projects in the country, and created a network that can be helpful in launching CDM projects.

JCF is an operating company of the Japan GHG Reduction Fund which was established by 31 private corporations and two government-affiliated financial institutions: the Development Bank of Japan and the Japan Bank for International Cooperation. The mission of JCF is to purchase emission credits from other countries through CDM projects. The Development Bank of Japan intends to support and promote JCF's business in China by making good use of its relationship with the China Development Bank.

http://www.dbj.jp/en/index.html
- Hokkaido Electric Power to Invest in Japan GHG Reduction Fund (Related JFS article)
http://www.japanfs.org/db/917-e

Posted: 2005/11/20 09:36:30 AM
Japanese version