Establishment and Operation of China Green Carbon Fund

Transcription

1 Establishment and Operation of China Green Carbon Fund Li Nuyun Deputy Director of Afforestation Department, SFA Deputy Director of Climatology Office, SFA Dec 17th 2008

2 Contents I. Background II. Establishment and operation pattern of China Green Carbon Fund III. Future prospect of China Green Carbon Fund

3 1.Few carbon sequestration programs in clean development mechanism Because he Kyoto Protocol regulates complicated approval and assessment procedures for forest carbon sequestration programs, in addition to low price and some countries reluctance to accept, carbon sequestration programs seemed inactive, featuring existence of demand but lack of market. International eco-service market is bourgeoning. The demand of modern forestry development: To realize the ecological benefit value of forest through market. Actively push the fostering of Chinese carbon sequestration market forward!

4 2. Set up new financing platform for afforestation Enterprises constitute the main body emission. China, under the precondition of not undertaking emission reduction obligation, shall encourage enterprises to invest in afforestation, increasing carbon sequestration, fulfilling social responsibility and promoting the marketization of ecological benefit of forest. Help increase public awareness, seek for low carbon production and living channel Set up a platform for enterprises and the great public --China Green Carbon Fund

5 II. Establishment and operation of China Green Carbon Fund

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7 1. Operation procedure of China Green Carbon Fund China Green Fund The Council Stage I Establish relevant agencies Stage II Organize carbon sequestration project China Green Carbon Fund Organize the project implementation Carbon sequestration forest and energy forest (the ownership belongs to the forest grower) Forest land contractor or renter makes profit by selling resources Increase farmer s income Special Fund Council Carbon sequestration measurement and monitoring by SFA Afforestation, inspection and carbon sequestration measurement Public notice on the web-site Enter into Stage III

8 2. Implementation pattern of China Green Carbon Fund Provide funds and skills Funds and skills Enterprises (SINOPEC) China Green Carbon Fund Forestry departments On-line publication Enterprise s account Certificate and logo Carbon credit index Actions of afforestation /biological energy measurement Enter into transaction Offset carbon emission!

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10 3. Benefits for enterprises a. Get measured, verified and registered carbon sequestration credit index b. The provided funds shall be deducted in full before tax (25%) c. Cultivate professional personnel with intimate knowledge of ecological products production, measurement and monitoring d. Accumulate experience through participating in carbon trading activities e. Set up green marketing image, strengthen enterprise s public influence and reputation on the market

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12 4. Receipt and voucher for individual buyers

13 RMB1,000 yuan / tons Logo

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15 5. Buy carbon sequestration on line

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17 5. Presents

18 6. Management of China Green Carbon Fund Regulations on Fund Management of the State Council Rules on Special Fund Management of China Green Foundation Measures on Capital Management for China Green Carbon Fund Measures on Management of Carbon Sequestration Project of China Green Carbon Fund Interim Regulations on Carbon Sequestration Afforestation Technologies for China Green Carbon Fund Guide on Measurement and Monitoring of China Green Carbon Fund Projects

19 III. Future development of China Green Carbon Fund 1. To carry out programs Afforestation and re-afforestation, forest management; Conserve biodiversity; Grow various memorial forests, promise to grow and maintain green lands, fulfill ecological rehabilitation, etc. ; Strengthen forest land conservation and management, reduce deforestation-caused carbon emission; New forest species fostering and technological development aiming at public welfare; Construction, development and utilization of bio-energy bases Develop clean energy for rural area, promote energy-saving kitchen ranges to improve farmer s life quality.

20 2. Establish carbon sequestration measurement system with Chinese characteristics Guide on Measurement and Monitoring of China Green Carbon Fund Projects Organize the formulation of measurement, monitoring and relevant standards Carry out education and training, and implement qualification management; 3. Strengthen publicity Increase national people s awareness of ecological environment and climate conservation through various effective forms to promote the construction of ecological civilization in China; 4. Conduct international cooperation Carry out international cooperation and communication on public welfare undertakings for climate change, and seek for international sponsorship to fund program activities

21 5. Advance the progress of Chinese ecoservice market Carry out market study Formulate carbon sequestration transaction rules Carry out pilot trading Facilitate legislation Facilitate legislation on emission trading, and fully consider to offset emission by carbon sequestrtion, so as to establish a real eco-service market!

22 Thank you! Tel: