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Clean Development Mechanism Seminar -
The Road From Kyoto to Fully-Funded CDM - Projects "Profiting from Emission Reduction Credits"

Date: 19 May 2004 (Wednesday) 9:00 a.m. – 5:00 p.m.
Venue: Marina Room I, 2/F., The Excelsior, Hong Kong, 281 Gloucester Road, Causeway Bay, Hong Kong

TÜV Rheinland Hong Kong Ltd.
A 1-day Seminar on CDM Financial Aspect

Scientists expect global warming to trigger increasingly frequent and violent storms, heat waves, flooding, tornadoes, and cyclones. In a report revealing how climate change is rising on the corporate agenda, Swiss Re said the economic costs of global warming threatened to double to $150 billion a year in 10 years, hitting insurers with $30-40 billion in claims. The substantial losses are in nature both ecologic and economic.

122 countries signed the "Kyoto Protocol" in 1997 to form an alliance and structure in the fight against climate change. The Protocol defines three flexible tools under which greenhouse gases can be reduced – the Clean Development Mechanism (CDM) and Emission Trading (ET) are two of them. The tools recognize the principle of emission reductions at minimum cost across national boundaries. In 2003 alone CDM projects made up 70 Mt of the 93 Mt in C02 traded around the world according to a Point Carbon report. Volumes of greenhouse gas emission reduction transactions have more than doubled for the second consecutive year. The volume of emissions traded has surpassed 100 Mio US$ and is estimated to reach 10 billion US$ by 2007.

China, the second largest polluter of carbon dioxide worldwide is expected to be a major potential beneficiary of the Kyoto Protocol's Clean Development Mechanism (CDM) because of its large and rapidly expanding energy demand, growth of foreign direct investment (FDI), heavy reliance on coal and low baseline level of energy efficiency. Eligible CDMprojects in the field of renewable energies, improvement of energy efficiency, fuel switching and reducing methane emissions can create carbon credits which form the bases of emission trading.

The earnings from the sale of the carbon credits can make a significant contribution towards financing a project (IRR). For companies selling, exporting or using climate friendly technologies, these developments are highly relevant - they open up new market opportunities for responsible sustainable investments, especially in developing countries and countries in transition like in the P.R. of China.

Hong Kong is an important international financial and service center. Given its strategic location and infrastructure and well positioned to become an important competence center for the development of sustainable climate developments. The Kyoto Protocol, even though it is yet to be fully implemented has made its point already. Its opportunities for the legal, finance, insurance, engineering and technical profession will be significant. This seminar will provide comprehensive insights into developments and provide project examples from Vietnam and the P.R. of China.

Programme Highlight:
• Update on current CDM-status – meeting criteria
• Institutional and regulatory issues in China
• Financing options and opportunities
• National CDM strategy in China
• Technical issues (baseline etc… )
• A pipeline of projects suitable for CDM under development will be introduced
• Contractual issues like CDM Purchase Agreements
• Risk management
• Actual Tenders for Certified Emission Reductions (CER's)

Tessa Tennant, Chair of Association For Sustainable & Responsible Investment In Asia, will speak at Lunch and Keynote Address.

  Tessa Tennant's speech (97kb)

Target Audience:
Those involved in the development of CDM-projects, which are marketed internationally. Especially, attendees should include:
• Project Developers / Consultants
• Government Bodies
• Technology Suppliers
• Banks and Fund Managers
• Energy / Power Generation Firms
• Emission Intensive Industries
• Law Firms
• Accountancy Firms
• Insurance Firms
• Trade Missions
• NGO's
• Academics developer, and sustainable project

040519_Clean_Development.pdf