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On 10th October, 2013 China Carbon Forum together with the Centre for Climate Economics and Policy at the Australian National University’s Crawford School of Public Policy (ANU) held a report briefing on the China Carbon Pricing Survey 2013 at the UNDP compound, Beijing.

The survey for the first time provides a quantified analysis of the expectations that China-based experts hold about carbon pricing in China. The survey provides information about expected price levels, and the expected start dates of pilot schemes and a possible national carbon pricing scheme. This information is of key importance for investors in carbon-intensive sectors, the financial sector, and policymakers to better anticipate the future cost of carbon emissions.

Carbon market developments in China are of interest around the globe, and this survey sets out the possibilities as perceived by a large number of local experts. The survey is a joint initiative of the Centre for Climate Economics and Policy at the Australian National University’s Crawford School of Public Policy and China Carbon Forum. It is part of a new cooperative research program between China and Australia on market instruments for climate change action in China.

To access a full copy of the survey report in English and Chinese click here:

• China Carbon Pricing Survey 2013_Report_English
• 中国碳价格调研（2013）报告_中文

To access a copy of the executive summary in English and Chinese click here:

• China Carbon Pricing Survey 2013_Executive Summary_English
• 中国碳价格调研（2013）摘要_中文

From left: Dimitri de Boer (Vice Chairman, CCF), Dr. Chen Bo (Director Assistant, Research Center for Climate and Energy Finance, Central University of Finance and Economics), Dr. Wen Gang (Deputy Director of Research and Development, CDM Fund, Ministry of Finance, China), Ms Wu Changhua (Director, Greater China, The Climate Group), Dr Nicolas Georgy (Director, Property & Speciality Desk, Swiss Re)

China’s highly ambitious mitigation efforts require huge amounts of investment. With US 71 trillion globally under management of pension funds, insurance companies, and investment funds, there is much potential for growth in private investment for climate related activities. However, the fundamental political and financial risks are still seen as too high for large scale, low carbon investment. Insurance can play an enabling role in reducing the investment risk often associated with these investments. As climate finance in China is driven by policy, there is a significant policy opportunity to incentivize business to invest in climate based projects, with an emphasis on creating meaningful public private partnerships (PPPs) to reduce investment risk.

For full Record of Discussion the panel featuring Dimitri de Boer (Vice Chairman, CCF), Dr. Chen Bo (Director Assistant, Research Center for Climate and Energy Finance, Central University of Finance and Economics), Dr. Wen Gang (Deputy Director of Research and Development, CDM Fund, Ministry of Finance, China), Ms Wu Changhua (Director, Greater China, The Climate Group), and Dr Nicolas Georgy (Director, Property & Speciality Desk, Swiss Re), download PDF: Scaling Up Climate Finance in China

From Left: Mr. Daniel Bongardt (Project Director, GIZ), Mr. Tang Dagang (Director, Vehicle Emission Control Center, China), Dr. Anup Bandivadikar (Programme Director, International Council for Clean Transportation, India), Prof. He Kebin (Division of Air Pollution Control, Tsinghua University), Ms. Wang Liyan (Programme Manager, Swiss Agency for Development and Cooperation), Dr. Axel Friedrich (former Head of Transport and Noise Division at the German Federal Environmental Protection Agency).

While much of the climate narrative is about reducing CO2 emissions, the significance of black carbon is often overlooked. Black carbon, or soot, is the second largest contributor to climate change behind CO2. At the same time, black carbon emissions have detrimental impacts on peoples’ health. The availability of diesel with low sulfur content is seen as the most important driver in reducing black carbon emissions. In China, incentivizing better fuel refining capacity, coupled with installing diesel particulate filters on vehicles would result in significant economic net benefits, from both health and climate perspectives. Continue reading →

From Left: Mr. Jun Ying (Bloomberg New Energy Finance), Dr. Wang Yao, (Central University of Finance & Economics), Ms. Weiwei Kou (Carbon Trading Capital) Mr. Scott Vaughan (IISD), and Ms. Stephanie Jensen-Cormier, (China Carbon Forum & Canadian Embassy).

Wednesday April 24th, 2013
China Carbon Forum and Canadian Embassy

EXECUTIVE SUMMARY:
At the macro level, the world faces at the same time, three huge challenges: global financial reform, a fundamental restructuring of energy markets, and climate change. These are all happening at exactly the same time, the challenge is, can we find a way to synchronize these challenges. Climate finance must be designed for up-scaling and leverage to ensure adequate money flows for climate action. Continue reading →

26th March 2013

The ‘Sustainable Costa Rica’  round table seminar jointly organized by The Embassy of Costa Rica and the China Carbon Forum (CCF). The event was held on the evening 26th  March 2013, with 40 representatives of government, industry, NGOs, and other sectors. The purpose of this seminar was for Costa Rica to share its low carbon development achievements and aspirations, as well as to identify opportunities for trade in low carbon technologies and information between the two countries. Speakers included Dr. Xavier Chen (Beijing Energy Club), Dr. Wang Chunfeng (State Forestry Administration), Mr. Felipe Carazo O (Fundecor), Dr. Rene Castro Salazar, (Minister for Environment & Energy, Republic of Costa Rica), and H.E. Marco Vinicio Ruiz (Ambassador to China, Republic of Costa Rica). 

From Left: Mr. Renato Roldao (CCF) (Moderator), Mr. Xie Fei (China CDM Fund), Mr. Sun Guoshun (Ministry of Foreign Affairs), Mr. Qian Guoqiang (SinoCarbon Innovation & Investment), and Mr. Stuart Cerne (Enecore).

31st January 2013

EXECUTIVE SUMMARY:

It was considered important to be discussing the demand side of CDM at this point in time, after much previous discussion had been on improving the schemes’ operational infrastructure. Despite noted policy barriers, China is seen to have a unique opportunity to include CERs (Certified Emissions Reductions) in its pilot Emissions Trading System (ETS). With both domestic and international will, China could find solutions to these policy barriers.

Continue reading →

19th November 2012

“China’s New Climate Change Law: The pathway to a low carbon economy?” was the eleventh in the China Low Carbon Leadership Network 2011-2012 event series jointly organized by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and China Carbon Forum (CCF). 80 representatives of government, NGOs, business and media joined GIZ and CCF to discuss climate change legislation and China’s proposed climate change law. Continue reading →

13th November 2012

“Climate Change and Water Scarcity in China” was the tenth in the China Low Carbon Leadership Network 2011-2012 event series jointly organized by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and China Carbon Forum (CCF). 67 representatives of government, NGOs, business and media joined GIZ and CCF to discuss climate change and water scarcity in China. Continue reading →

From Left: Mr. Allan Lee (China Carbon Forum) (Moderator), Prof. Duan Maosheng (Tsinghua University), Dr. Hans-Joachim Ziesing (Ecologic Institute), Dr. Frank Jotzo (Australian National University), Mr. Wang Wenqiang (SinoCarbon).

October 15th, 2012

“Linking Emissions Trading Schemes: Thoughts on China’s Pilots” was the ninth in the China Low Carbon Leadership Network 2011-2012 event series jointly organized by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and China Carbon Forum (CCF). 72 representatives of government, NGOs, business and media joined GIZ and CCF to discuss linking ETSs in China.

Participants considered that linking emissions trading schemes brings efficiencies worth encouraging in the long term, but requires technical compatibility as well as political circumstances that are rare in reality. Continue reading →

From left: Mr. Chris Lenon, Adviser Tax Policy Rio Tinto, and chairman of a working group of the International Chamber of Commerce, the World Business Organization (ICC) ; Mr. Zhao Xiaodi, Secretary General, ICC China; and Dr. Anton Smitsendonk, CCF Chairman & Member, ICC Environment and Energy commission, accompanied by Mr. Hugh Kater, General Manager, CCF.

4th July 2012

In a meeting arranged by China Carbon Forum, Mr Chris Lenon hands the ICC’s “Environmental Taxation Principles” to Secretary General Zhao Xiaodi of ICC China’s National Committee, on the very day, those Principles were published worldwide. Secretary General Zhao thanked for the visit, recognised the importance of environmental taxes, promised to transmit the document to  the CCOIC’s Environment and Energy Commission – and suggested that the topic might be discussed at the ICC G20 event planned for September in Beijing. Continue reading →