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Chen Huan
China CDM Fund
Session 16, Manila June 23, 2011
CDMFUND
Business Progress of
China CDM Fund
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Climate Change Policies in 12th Five-Year Plan
12th Five-Year Plan period (2011-2015) binding targets
CO2 emission/GDP reduction by 17% from 2011 to 2015, firstof its kind in national five-year plans;
Energy consumption/GDP reduction by 16% from 2011 to2015, based on 19.8% reduction achieved from 2006-2010;
Increase ratio of Non-fossil energies to 11.4% by 2015 in theenergy mix;
Increase forest cover rate to 21.66% (incremental forestryarea 12.5 million hectares), and increase forest stockingvolume to 14.3 billion m3.
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Climate Change Policies in 12th Five-Year Plan
General measures of GHGs emission control Promote industrial structure and energy mix;
Energy saving and energy efficiency;
Forest carbon sink;
Low-carbon technology and products standard, mark and verification;
Domestic emission trading
General measures of adaptation
make National adaptation overall strategy;
Enhance research and observation on climate change;
Take climate change into consideration when planning and implementingproductivity layout, constructing infrastructures and key projects;
Improve capacities of adapting to climate change and encountering tonatural disasters.
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Climate Change Policies in 12th Five-Year Plan
General measures of International cooperation Involve in international climate regime with the principles including
Common but Differentiated Responsibilities;
Enhance strategic policy dialogue, as well as practical cooperation;
Strengthen South-South cooperation
First time in national five-year plans setting up quantitive GHGsemission control target and all-round climate change policies
provide very good circumstances and much encouragement for China
CDM Fund to development businesses
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China CDM Fund An Innovative Mechanism
In August 2006, China Central Government
approved the establishment of China CDM Fund; In November 2007, the Fund launched its
operation;
A pilot money: to enhance market-drivenmechanisms for addressing climate change inChina;
A seed money: to leverage private resources;
An platform: for international and domestic
cooperation; and A promoter: to help Chinese enterprises build up
energy and carbon asset management capacity.
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China CDM Fund An Innovative Mechanism
Regulation of China CDM Fundissued by the CentralGovernment in September 2010
Integrates government and market functions;
Mandate: to support domestic activities addressingclimate change so as to promote sustainabledevelopment;
Instruments: investment, grant
Funding mainly from government-sharing of CDMrevenue into China
about 2.5 billion US$ into China, of which about 1.1 billion(more than 90% from HFC23 CDM projects revenue) intoChina CDM Fund
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China CDM Fund An Innovative Mechanism
In 2009 and 2010, China Central Governments total budget
input to energy saving and emission reduction : 25 billion US$(40.8 billion US$ from 2000 to 2010)
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2. 5
25
40. 8
05
10
152025303540
45
Tot al CDM
Revenue
Cent r al Budget
I nput ( 09&10)
Cent r al Budget
I nput ( 10 year s)
Bln
US$
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MRV Enhancement The Fund sponsors domestic MRV research
Purpose
Guide MRV activities of projects invested by the Fund;
Share MRV ideas and experiences with industries and society.
Working with the China standardization Academy, etc.
Project-level Emission Reduction MRV Guideline;
Emission MRV standardsin such sectors as iron&steel, cement,building
Both will accepted by China Standardization and Technical
Consortium for Energy Conservation and Emission Reduction, an
authoritative non-profit organization with about 400 institutional
members in diverse sectors China-wide.
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International cooperation Multilateral
Asian Development Bank
MOU signed
Implementing: China CDM Fund CapacityBuilding
Under Application: Enhancing Carbon
Emission Reduction Capacities in InvestmentBusiness of China CDM Fund
World Bank
UNDP
Bilateral
Governmental: MOU signed with NorwayInnovation
Non-governmental: work with NCSD based inWashington to establish China-USA IGCC andCCS Investment Cooperation in Texas.
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THANK YOU
Chen HuanDeputy Director General
Tel: +86-10-88659333
Web: www.cdmfund.org
CDMFUND