2009 Deep Research Report on China Clean Development Mechanism (CDM) Industry

Report Summary

2009 Deep Research Report on China Clean Development Mechanism (CDM) Industry was a professional and depth research report on China CDM Market. The purpose of the Clean Development Mechanism (CDM) is to assist developing countries achieve sustainable development, and to assist industrialized countries achieve compliance with their emission targets under the Kyoto Protocol (KP) through the acquisition of certified emission reductions accruing from project activities. Such project activities are expected to mobilize financial and technological resources from the public and private sectors in industrialized countries to promote sustainable development in developing countries, and contribute to the ultimate objective of the UNFCCC. CDM is a win-win model; this is because CDM projects in non-priority areas can bring significant profits. HFC-23 and N2O projects enjoy low costs and risks while generating large amounts of CERs, shortening the period for investment return. However, it offers little in the way of environmental benefit. Since the Chinese Government approved the Interim Regulations for CDM in June 2004, and with the entry into force of the Kyoto Protocol and ongoing support from donor countries in capacity building measures, China has seen a surge in CDM activity. China is already the top destination for global foreign direct investment and has huge potential for mitigating greenhouse gases in all sectors.

CDM Schematic is as follows:

At present, China ranks NO.1 in CDM registration. As the world's second-largest emitter of greenhouse gases, China CDM market has a bright prospect. However, there are a lot of risk because the existence of many uncertainties. In particular, the recent financial crisis, leading to the drop of international carbon trading prices, which brings an adverse effect on the development of CDM projects. In this report, we made a detailed analysis of the CDM theory, CDM distribution, CDM development prospects, CDM project development process, CDM project design document (PDD) etc for institutions in the field to reference. In order to help new entrants quickly familiar with area and find a suitable partner, we introduced 77 CER Buyers and 50 CDM Consulting Agencies in this report. Finally, we made forecast and analysis of China CDM market; conduct a detailed study of risk which may exist in the future, we also make relevant recommendations on China CDM development. In a word, it was a depth research report on china CDM market. And thanks to the help and support from CDM-related institutions and departments during QYResearch survey and interviews.

Table of Contents

Chapter One Clean Development Mechanism (CDM) Overview 1
1.1 Definition of CDM 1
1.2 CDM background 2
1.3 Distribution of the field of CDM 4
1.4 Principles of CDM emission reduction 5
1.5 Development prospects of China's CDM 6

Chapter Two Analysis of CDM projects 8
2.1 Operation of CDM project process and implementation of programs 8
2.2 The transaction costs of CDM projects 12
2.3 CDM project cycle 13
2.4 CDM project-related institutions and functions 14
2.4.1 Project owners and functions 14
2.4.2 Host Government functions 14
2.4.3 Governments of developed countries and functions 23
2.4.4 The designated operational entity (DOE) and functions 28
2.4.5 CDM Executive Board (EB) and functions 29
2.5 Chinese CDM projects related national policy 30
2.6 CERs 32
2.6.1 CERs definition 32
2.6.2 CERs issuing process 32
2.6.3 CERs Price and issuing rate 33

Chapter Three Project Design DocumentsPDD 34
3.1 PDD definition 34
3.2 The role of PDD 34
3.2 PDD documentation 34
3.2.1 Preparatory work for PDD documentation 34
3.2.2 PDD format 34
3.2.3 PDD documentation Principle 38
3.3 CDM methodologies 38
3.3.1 CDM methodologies definition and content 38
3.3.2 CDM methodology introduction 39
3.3.3 Approved consolidated baseline methodology ACM0002 42

Chapter Four CDM market overview 53
4.1 Development of the global CDM 53
4.2 CDM Development in China 59
4.2.1 CDM projects by region 59
4.2.2 CDM projects by Scope 63
4.2.3 Expected average annual CERs by region 65
4.2.4 Expected average annual CERs by scope 68
4.2.5 National Development and Reform Commission approved CDM projects statistics 69
4.3 The impact of Financial crisis on CDM market 87

Chapter Five CER Buyers 90
5.1 Carbon Asset Management Sweden ABSweden 90
5.2 Marubeni CorporationJapan 91
5.3 Carbon Resource Management Ltd.UK 92
5.4 Japan Carbon Finance LtdJapan 93
5.5 European Carbon FundLuxemburg 94
5.6 The Kansai Electric Power Co. IncJapan 96
5.7 Trading Emissions LimitedUK 97
5.8 Arreon Carbon UK Ltd UK 98
5.9 Toyota Tsusho Corporation Japan 99
5.10 EcoSecurities Group PLCUK 100
5.11 ENDESA, S.A.Spain 101
5.12 Idemitsu Kosan Co., Ltd.Japan 102
5.13 Energy Systems International B.V.Holland 103
5.14 Chubu Electric Power Co., Inc.Japan 104
5.15 Enel Trade SpAItaly 105
5.16 The World Bank Carbon Finance UnitMultilateral 106
5.17 Essent Energy Trading B.V.Holland 107
5.18 Kommunalkredit Public Consulting GmbH (KPC) - Austrian JI/CDM-ProgrammeAustria 108
5.19 Noble Carbon Credits Ltd.Ireland 109
5.20 NatsourceOffices in United Kingdom, Japan, Canada & USA 110
5.21 China Carbon N.V.Holland 111
5.22 Mitsui & CO.,Ltd.Japan 112
5.23 Climate Change Capital Group LtdUK 113
5.24 Electricite de FranceFrance 114
5.25 CAMCO International LimitedUK 115
5.26 RWE Power AGGermany 116
5.27 Asian Development Bank – Asia Pacific Carbon FundMultilateral Institution 117
5.28 Japan Bank for International Cooperation, Japan Finance CorporationJapan 118
5.29 Japan Carbon Finance LtdJapan 119
5.30 Sindicatum Carbon Capital LimitedUK 120
5.31 Finnish Carbon Procurement ProgrammeFinland 121
5.32 ICECAPUK 122
5.33 Carbon Ventures LimitedUK 123
5.34 Shell TradingUK 124
5.35 European Investment BankUK 125
5.36 ORBEOFrance 126
5.37 MGM Carbon Portfolio, SARLLuxemberg 127
5.38 TFS Energy (Tradition Financial Services) LtdUK 128
5.39 Macquarie Bank LimitedUK 129
5.40 South Pole Carbon Asset Management Ltd.Switzerland 130
5.41 Fortis Merchant BankHolland 131
5.42 Rabobank NederlandHolland 132
5.43 Vattenfall Europe Generation AG & Co. KGGermany 133
5.44 Barclays Bank PLCUK 134
5.45 Atmoguard GmbHSwitzerland 135
5.46 VITOL S.A Oil GroupSwitzerland 136
5.47 Vertis Environmental financial Consulting firmHungary 137
5.48 Sumitomo Mitsui Banking Corporation (SMBC)Japan 138
5.49 KfW Banking GroupKfWGermany 139
5.50 Scottish and Southern EnergyUK 140
5.51 Peony Capital LimitedLuxemburg 141
5.52 Climate Bridge Ltd.UK 142
5.53 Emissionshandels Gesellschaft Bavaria GmbhGermany 143
5.54 Belgian JI/CDM ProgrammeBelgium 144
5.55 WIN-WIN International Investment LtdUK 146
5.56 Global Carbon Capital LtdUK 147
5.57 Eco Bank LtdJapan 148
5.58 ČEZ a. s.Czech Republic 148
5.59 Citigroup Global Markets Ltd.U.S.A 150
5.60 Standard Bank PlcUK 151
5.61 Luso Carbon FundPortugal 152
5.62 Natsource JapanJapan 153
5.63 Deutsche Bank AGUK 154
5.64 N.V. Nuon Energy Trade & WholesaleHolland 155
5.65 Climate CorporationAustria 156
5.66 Austria CCAN , CCAN Consulting GmbHAustria 157
5.67 Energy Initiative JapanJapan 158
5.68 GreenStream NetworkFinland 159
5.69 First ClimateGermany 161
5.70 Cambridge Funds Investment Co LtdUK 162
5.71 PURE Carbon Services GmbHGermany 163
5.72 Nomura International Plc.UK/Japan 164
5.73 ecolutions GmbH & Co. KGaAGermany 165
5.74 GDF SUEZBelgium 166
5.75 General Energy Capital Co., Ltd.Belgium 167
5.76 Eneco Energy Trade B.V.Holland 168
5.77 BPUK 169

Chapter Six China CDM Consulting Agencies 171
6.1 Easy Carbon Consultancy Co. Ltd.Beijing 171
6.2 Caspervandertak ConsultingEU 173
6.3 China National Water Resources & Electric Power Materials & Equipment Co.,LtdBeijing 174
6.4 Beijing Tianqing Power International CDM Consulting Co.,LtdBeijing 175
6.5 Hunan CDM Project Service CenterHu’nan 176
6.6 Clean Development Mechanism Joint Office of GansuGansu 178
6.7 Foreign Economic Cooperation Office (FECO) of State Environmental Protection Administration (SEPA), ChinaBeijing 180
6.8 Beijing Keji Consulting Ltd. (Beijing 181
6.9 Cleanergy Investment Service Limited, Hanergy GroupBeijing 182
6.10 Gansu Tonghe Investment Project Consulting Co,. Ltd.Gansu 184
6.11 KOE Environmental Consulting,Inc.(Japan)Beijing 186
6.12 Shanghai Chuanji Investment Management Co., Ltd.Shanghai 188
6.13 CPI CARBON ASSET MANAGEMENT CO., LTD.Beijing 190
6.14 Chinese Renewable Energy Industries AssociationBeijing 191
6.15 IT Power Co., LtdEU 193
6.16 Beijing Yumu Consulting Co., Ltd. or Beijing Raincurtain Consulting Co., Ltd.Beijing 194
6.17 Beijing HaoHua Rivers International Water Engineering Consulting Co.,LtdBeijing 195
6.18 Accord Global Environment Technology Co., Ltd.Beijing 197
6.19 SHANGHAI YANGTZE DELTA INVESTMENT CONSULTING CO., LTDShanghai 199
6.20 Global Climate Change Institute/INET, Tsinghua UniveristyBeijing 200
6.21 Tuttle International Co., Ltd.Beijing 202
6.22 CERI Eco Technology Co. Ltd (Techical Center for Cleaner Production of Metallurgical Industry) Beijing 203
6.23 Green Capital Consulting Company (GCCC)Beijing 204
6.24 ShangHai YinZhou Investment Mangement CO.,LTDShanghai 206
6.25 Ningxia CDM Service CentreNingxia 207
6.26 Hangzhou Carbon Trade Environmental Engineering Co.,LtdZhejiang 208
6.27 Millennium Capital ServicesBeijing Shanghai 209
6.28 China Fulin Windpower Development CorporationBeijing 211
6.29 Redox International Consulting Co. LtdBeijing 212
6.30 International Center on Small HydropowerZhejiang 213
6.31 Shenzhen PhasCon Technologies Co., LtdGuangdong 214
6.32 Enecore Carbon LimitedBeijing 215
6.33 TYTF Intermational Environment Consulting Co.,LtdGuangdong 217
6.34 Productivity Centre of Jiangsu ProvinceJiangsu 218
6.35 Shanxi CDM Leading GroupShanxi 220
6.36 China Carbon Technology CO.,LtdBeijing 221
6.37 Shanghai Jing Yi Investment Management Co.,LtdShanghai 222
6.38 S.D.F.(Beijing)Consulting Co.,LtdBeijing 224
6.39 Hubei Provincial Clean Development Mechanism (CDM) Service CenterHubei 225
6.40 COWI Consulting (Beijing) Co. Ltd.Beijing 226
6.41 Season Long Environmental Protection Technology Ltd.Beijing 228
6.42 Sichuan Hareal Consulting Co., LtdSichuan 229
6.43 Sichuan CDM CenterSichuan 230
6.44 Shenzhen GDR Carbon Company LimitedGuangdong 231
6.45 Beijing Wenhu Economic Consult CentreBeijing 232
6.46 Beijing Kerlin Environmental Technology Co., LtdBeijing 234
6.47 Beijing Oriental Carbon Credits Environmental Technology CO.,LtdBeijing 235
6.48 Hebei CDM Project OfficeHebei 237
6.49 GREENENSIGN (BEIJING) NEW ENERGY TECHNOLOGY LTD.Beijing 238
6.50 Century Safety Technology (Beijing) Co., Ltd. (China CDM Center for Coal Industry)Beijing 239

Chapter Seven China CDM industry forecast 240
7.1 China CDM project risk analysis 240
7.2 China's CDM development prospects and problems 241
7.2.1 China's CDM Market Forecasting 241
7.2.2 The significient of CDM on China's development of new energy 243
7.2.3 Advice Of China's CDM development 244