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Issue 2 of Global-China Low Carbon Development Analysis Released

 

In December, the issue 2 of Global-China Low Carbon Development Analysis was released,and we are preparing to deliver it to all report clients.

In this issue, the featured analysis is focused on “The Upgrading of the Conflict over EU ETS and Strategy of China's Aviation Industry”. As 2012 is approaching, the EU is to implementing its legislation to include the aviation sector into EUETS, and this had triggered a new round of opposition and protests. The conflict over EUETS is upgrading. How will the dispute evolve in the future, what will be the implications of EU’s decision over the aviation sector, especially China’s aviation sector, how should the sector respond, this Analysis provides a comprehensive and in-depth assessment on this issue, and based on the current situation and a quantified assessment, makes some concrete and practical proposals to the aviation sector.

The four chapters will spotlights:

Low carbon policies

On international climate negotiations, we have made an assessment on the current general background of the Coming Durban Conference, and based on the positions of major Parties, and the outputs of a serious of informal meetings aiming at pushing the negotiations ahead, highlighted several key aspects of the Durban Conference which deserve special attention. We hereby provide strong guidance to our clients on how to follow up and observe the coming Durban Conference.

On the negotiations on flexible market mechanisms, we hereby continues to provide some assessments, based on our long term follow up of this issue, on the latest development and progress made during the Panama meeting. We also provide a comprehensive analysis on EU’s expectation on and Durban’s prospect for the progress of market mechanisms, based on the EU’s latest Submission before the Panama Meeting.

We also systematically follow up the development on the introduction of a domestic emission trading scheme in major countries and regions. And in this issue of the Analysis, we focus on the latest development, during the recent two months, in Australia, South Korea and California, together with the provision of an analysis on their potential influence.

On China’s national policies on low carbon development, we hereby provide an overall introduction to the latest development on program design of the pilot domestic emission trading scheme in the Guangdong Province. We also continue to introduce a series of complementary policies and measure formulated by the central government to promote low carbon development in the 12th Five Year Plan period.

Carbon Market

For this issue, we highlight an analysis on the relationship between the Kyoto Protocol and the international carbon from an international and long perspective. We hereby made an assessment on the role the Kyoto Protocol played in building a carbon market, and due to the great uncertainty for a second commitment period and even the continued existence of the Protocol, provide some prediction on the future development of the carbon market.

On part of the dynamics of the carbon market, we have made some assessment on the performance of the European carbon market, and reasons behind, during the last two months. We also followed up the latest development on issues, such as the tightening up of security and supervision of EUETS, and tightening of cap under RGGI, and the development of Japan’s bilateral mechanisms, etc.

On CDM and JI projects, we continue to make an overall assessment on the latest development of the CDM/JI projects during the last two months, including the numbers of new projects, their distribution, emission reductions and price.

Lastly, we also provided an analysis on the latest development on rules of PCDM and their prospects in the future, and at the same time followed up some new developments on business model in several Carbon Funds.

Low carbon in sectors

We hereby highlighted an analysis on the development and promotion of IGCC technology in the power sector, relative CDM methodology development, and their prospects of application.

On the lighting industry, based on a recent ban by the Chinese Government to the use of incandescent bulbs, and a roadmap of their gradually phasing out, we hereby analyzed the potential negative impact of this ban on the business model to promote energy saving lights through CDM.

On aviation, we also provided some further detailed information and analysis on the latest development on the dispute over EUETS, including the case before the European Court of Justice brought by US aviation industry, and the pass by ICAO a resolution express strong objection to EU for its decision to include aviation into EUETS.

Regional low carbon policies

On how China’s different provinces and regions are pursuing a low carbon development path embodied in the 12th Five Year Plan, we continue to follow up the evolvement of policies and measures aiming to promote energy conservation and emission reduction at local levels, and provided some introduction to good practices, including how the city of Suzhou in trying to help exporters to circumvent low carbon trade barriers, and how various cities in China are promoting the renovation of old buildings for energy conservation purposes.

And lastly, we provided a featured case study on the prospect of the popularization of rooftop solar photovoltaic power generation project, the development of relative CDM methodologies, and various typical models for project development.