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HRC's Research Item "CDM Implementation for SHP Projects in China" Launched
   ---On 30 August 2004, HRC's research item "Clean Development Mechanism (CDM) Implementation for SHP Projects in China" won the sponsorship from the science fund of Nanjing Hydraulic Research Institute.

    China's Development & Reform Commission, Ministry of Science & Technology and Ministry of Foreign Affairs have recently issued <The Interim Administrative Regulations on CDM Project Operation> (implementation starting from 30 June 2004), signifying that China's CDM program has entered a new phase of regulation.

    CDM was set in <Tokyo Protocol> signed in 1997 in Japan. Research shows that 80% of CO2 accumulated through the emission in the air is from the developed countries. So, the developed countries should take the main responsibility for global climate change.

    CDM is the new international cooperative mechanism being participated by the developing countries in environmental protection. The developed countries provide funds to and technical assistance for the implementation of green-house gas reduction in the developing countries. The developed countries offset the excessive amount of green-house gas emitted due to the large-scale economic development in their countries by "purchasing" such quota from the developing countries.

    The implementation of CDM will likely form a powerful capital flow internationally and a new international market will be established, providing the business opportunities for developing SHP industry. An analysis of market exchange and capital flow direction so as to understand the inner regularity will ultimately benefit the sound SHP exploitation in China. (2004-09-01)

 

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