Focus Greentech Series: Carbon Emissions Control – Challenge or opportunity” held


On 12 August, green workshop titled “Carbon Emissions Control – Challenge or opportunity” was held successfully at econet china. Two senior professionals from the Shanghai Shanghai Environment and Energy Exchange (SEEE) and TüV NORD shared their experience and insights into the carbon trading and management business in China with participants from various business sectors.


“Since China launched its pilot carbon trading scheme in seven provinces and cities in 2013, a whole compliance period has passed until June 2014 and Shanghai is the first among the pilot cities to finish quotas settlements of all related companies. We are very happy with the results and confident to enter the second phase with participation of companies from more sectors and also diversify the business modes for carbon trading” shared Dr. Li Jin from SEEE.


As China becomes the world's second largest economy and largest emitter of greenhouse gases, pressure in the international climate negotiations is growing. Chinese government has announced to the world: in 2020, carbon dioxide emissions for each unit of gross domestic product (GDP) will be reduced by 40% -45% compared to 2005 and the proportion of non-fossil fuels in primary energy consumption is targeted to reach 15%. The pilot carbon trading scheme in selected cities is a major venture of the government to battle carbon emissions, which encourages companies to achieve energy efficiency to create more revenue from selling saved carbon quotas and avoid costs from excessive emissions over its quotas. The scheme is expected to be expanded to the whole country in 2015.


Lin Yi, project manager in Green Carbon Academy of TüV NORD, shared his experiences in carbon management and product carbon footprint inventory in the context of growing green procurements requirements and tightened domestic and foreign policies on carbon emissions. He also asserted the essential role of third party certification companies in the whole carbon trading and inventory business.


The workshop ended with an active discussion and sharing among all participants on the possibilities of interaction and involvement of different sectors, such as real estate, third party certifications, finance, in the whole carbon business.

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