China Focus Global Perspective
Executive Summary
‘Copenhagen is only the beginning,’ says UN Chief Ban Ki-Moon.
The Copenhagen Accord confirms the continuation of the Kyoto Protocol and the United Nations Framework Convention on Climate Change. It sets a maximum of two degrees Celsius average global temperature rise, and states that a review by 2016 should consider if it will be necessary to limit warming to 1.5 degrees Celsius.
However, one good thing showed up in this Copenhagen conference was the power and voice from developing countries. Kyoto Protocol will not be killed as long as poor nations fight together. Clean development mechanism still performs as the major system to fight climate change.
As developed countries only talk about financial aid and technology transfer, a little money has actually been landed in developing countries. On the other hand, CDM did help developing countries get financial and technology aid through this mechanism.
Indeed, CDM encounters a number of problems. DOE’s inability and redundant additional fees, UNFCCC’s time-consuming procedures, and even misunderstandings on the ‘additionality’. This summit will address the major CDM reformation recommendations and industry executives including UNFCCC officials will involve in discussion.
To differentiate with other CDM conferences, we do not only invite major CDM centers from China, but also confirm CDM participants from India, Philippines and Malaysia. New CDM sectors are also our highlights like biomass, green building and clean coal.
The CDM WORLD Summit gathers around Asian political and business leaders not only to make deals but also to create a real sharing platform for fighting climate change. The outline of the summit is as follows. First, Asian government policies will be updated with particular emphasis on Japan, Australia, India and China (CIJA countries), the possibility of an Asian ETS will also be discussed. In second part, we look at CDM markets, keeping an eye on the link of different carbon markets. Third, we will look into the impact of climate change from business leaders’ perspective. Fourth, how best to link financing and climate agendas. Last but not least, issues regarding technology transfer and push will be addressed, with an emphasis on carbon capture and store (CCS).
Besides projects deal-making, the summit aims to provide a real sharing platform for business leaders, government policy makers, AAU government buyers, carbon management consultancy, CDM developers, DNA, DOE, financial institutions, and technology providers to discuss how to combat the climate change and lead to sustainable low-carbon economy.
Copyright 2009-2010
Organizer
Link to UNFCCC
