Carbon Market Working Group
Next Meeting
Tuesday, June 2nd, 2-4pm
European Chamber
Dear Carbon Market Working Group Member,
This is a reminder that the next working group meeting will take place at the Chamber on Tuesday, June 2nd from 2-4pm.
Tentative Agenda
1. Sign-off on 2009 Position Paper
2. Meeting and Presentation by Mr. Wen Gang from China CDM Fund (TBC)
3 Any other business
We are currently approaching Mr. Wen Gang and hope he will be able to join us. We welcome any other possible agenda items or presentations that members would like to make in the event that he is unavailable.
To register, please email carbonmarket@euccc.com.cn
For more information on the Carbon Market Working Group or the European Chamber in general, please do not hesitate to contact Adam Dunnett, adunnett@euccc.com.cn
Event review
Carbon Market Working Group Meeting
Minutes
2:00-4:00pm Tuesday, 2nd June 2009
European Chamber Beijing Office
Participants:
| Company Name |
Name
|
|
Camco
|
Madeleine Rawlins
|
|
Camco
|
Maureen Mo
|
|
China CDM Fund
|
Wen Gang
|
|
Climate Change Capital
|
Andrew Aldridge
|
|
Danish Embassy
|
Xiuqing Ji
|
|
Environmental Defense
|
Wang Hao
|
|
EDF Trading
|
Massimiliano Varrucciu
|
|
Enel
|
Heather Xue
|
|
IT Power
|
Jose Mestre
|
|
Pinsent Masons
|
Sharon Lee
|
|
Total
|
Jian Hongtao
|
|
EUCCC
|
Adam Dunnett
|
|
EUCCC
|
Eric Zhang
|
Minutes
1. Welcome and presentation from Wen Gang, China CDM Fund of the Ministry of Finance (see attached ppt)
Mr. Wen Gang expressed his pleasure to join the meeting to share information about the China CDM Fund and also to absorb constructive suggestions from our members.
The establishment, mandate, financial roles and major tasks of China’s CDM Fund were explained by Mr. Wen Gang, for details pleased see attached the china_cdm_fund
· Regarding China CDM Fund’s plan to enter European Market, Mr. Wen explained that according to EU countries’ rules, China CDM Fund does not qualify as an enterprise and therefore could act mostly as intermediaries.
· The Chair of Carbon Market WG Madeleine Rawlings briefed Mr. Wen Gang the current Carbon Market Position Paper and invited his comments
a. Sectoral approach is not quite feasible in such large a country as China.
b. Regarding the 51% Rule, Wen first explained that each CDM project contains two levels, 1st is the basis: construction of the project itself; 2nd the CDM project as by-product. More emphasis should be put on the 1st level with more long term involvement.
c. Floor price is meant to ensure sustainable development and certainty of CDM in developing countries.
d. Mr. Weng Gang suggested a softer tone of the Position Paper, and some parts should be more comprehensive.
2. Debrief on EB Meeting by Madeleine Rawlins (5-10min)
3. High level Roundtable on Climate Change and possible speakers
The secretariat briefed the members of the plan for organizing a High Level Roundtable on China Change: a macroeconomic series event, three dynamic speakers who could speak open, ideally one Chinese, one European and one journalist/economist/academic. Several possible speakers were recommended by the members.
4. EU-China Environmental Business Facilitation Conference on CDM and Bioenergy: http://www.euchina-cdm.org/, Ms. Na Lin, Tel: +86 (10)5869 8845 Ext. 678
5. Meeting with NDRC, it was agreed to follow up with a meeting Sun Cuihua to present the latest draft.
6. Discussion on REEEP stakeholder meeting by Adam Dunnett, June 16th
Forward Agenda:
· EU-China Environmental Business Facilitation Conference on CDM and Bioenergy, June 12th 2009
· Next meeting: REEEP stakeholder meeting, June 16th 2009
· High level Roundtable on Climate Change (Time unset)
· Next Meeting we would invite Lu Xuedu