BIZCHINA> Center
China sells carbon credits
By Zhang Qi (China Daily)
Updated: 2008-04-16 09:30
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail

Swedish energy agencies have agreed to pay a total of more than 1 billion yuan to Chinese State-owned energy producers under the clean development mechanism (CDM) project.

The CDM is under the Kyoto Protocol, which allows developed countries with a CO2-reduction commitment to buy carbon credits from developing countries.

The agreements were inked in the presence of visiting Swedish Prime Minister Fredrik Reinfeldt earlier this week.

Swedish Energy Agency and Tricorona Carbon Asset Management have signed CDM purchase 1-billion-yuan agreements with State-owned energy enterprises China Datang Corporation and Shenhua Group.

Tricorona signed a certified emission reductions purchase agreement with Guohua Wind Power Co, valued at 242 million yuan ($34.61 million).

Swedish Ministry of Enterprise, Energy and Communications and Tangshan also issued a letter of intent to build a Sino-Swedish eco-city to support Tangshan's sustainable development.

Reinfeldt emphasized the importance for both Sweden and China to reduce energy use at a press conference.

"We have shown the combination of economic growth and lower greenhouse emissions in Sweden," he said. "Since 1990, our economy has grown by 46 percent; during the same time, our greenhouse gas emissions have decreased by 9 percent."


(For more biz stories, please visit Industries)
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
Popular in 24 Hours
Popular in 1 Week