The Clean Development Mechanism in China: Adopting a positive and sustainable approach

Author: Lü Xuédū Liu Déshùn
Publisher:
Publish Date: 2004-12-01
Features: This book is a summary of the outcomes of an international collaborative research project on the methodologies and applications of the Clean Development Mechanism (CDM) and national case studies (China). It systematically elaborates on the technical aspects of CDM, including its fundamental methodologies, operational rules, and procedures. Through case studies in the power sector and renewable energy fields, it validates the applicability of CDM methodologies in China and proposes specific guidelines for their application. The book also examines China's potential supply of emission reductions under CDM, the marginal cost curves of abatement, the composition of major sectors and technologies, and applies a market equilibrium model to determine the equilibrium price, trading volume, and geographical distribution of supply and demand in the global carbon trading market when China participates in CDM. This evaluation assesses the opportunities, roles, and impacts of China's participation in CDM on socio-economic development. Finally, the book analyzes the various obstacles China faces in participating in CDM and the requirements for capacity building, and proposes corresponding policy recommendations.