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The vital issue of impending climate change driven by Global Greenhouse Gas Emission Dominates CDM Seminar in Hong Kong organized by TUV Rheinland.

[Hong Kong · May 19th, 2004]  Billed as "The Road From Kyoto to Fully-Funded CDM Projects" TUV brought together leading experts and decision-makers from Europe and Asia, "for what is truly a watershed event" advised eminent Power / Energy consultant Mr. Bill Ruccius, who also serves as a Vice Chair of the Independent Power Producers Forum (IPPF), one of the conference's endorsing organizations.

"Hong Kong should be Asia's Gateway to Global profits from emissions" advised Mr. Joel Laykin, Secretary General of the IPPF.  "The Competitors exploiting this development will have an edge over those who are not aware of this issue. We can safely say that finally Hong Kong has pulled ahead of the curve on CDM awareness." Laykin added.

Leading academics, environmental experts, infrastructure and power generation executives, buyers, bankers, and consultants representing every concerned industry from shipping to alternative energy crowded into the Excelsior Hotels Marina Rooms for what turned out to a "Standing Room only gathering".  Mr. Jorg Mahler, Manager Director of the TUV Rheinland, the conference host and organizer enthused "The response exceeded our expectations, and documents the interest of the private sector in a very sizeable business opportunity.  The market for Global Green House Gas emission trading is projected to reach over US$ ten billion dollars by 2007.  The conference has brought together the necessary parties to develop this business potential early, yet more action is needed to implement emission trading on a larger scale." Mahler added.

"With ADB, the UN and World Bank are finally in sync on uniform rules and guidelines, the road is clearing up for a great increases in commercial trading," advised Silas Cathardo, resident economist at the IPPF.

But there must be an appropriate legal framework for risk-free trading.  A leader in the development of trading structures, Mr. Andrew Tan, Partner of Baker & McKenzie, Co-Chair of both AmCham (HK) and IPPF's "Emissions" subcommittees said "Recent changes in the EU Emissions trading scheme have created a huge market where credits from CDM projects in China can be sold into. Foreign companies are increasingly eager to participate in the PRC CDM projects. Hong Kong companies would be missing this golden opportunity if they do not begin to dedicate enough resources to participate in the PRC CDM projects.

The May 19th CDM seminar in Hong Kong was part of a four city road show organized by TUV Rheinland to raise awareness of the importance of meeting the challenge of the Global Greenhouse Gas emissions problem. The conference tour included Hanoi, Chengdu, Guangzhou along with Hong Kong.

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TUV Rheinland

TUV Rheinland China Group is a member of the TUV Rheinland Group, a global leader in independent testing and assessment services with 8000 employees and presence . TÜV Rheinland China is present in the People Republic of China in 10 different cities with 600 professionals. Our mission is to promote and support  innovations in harmony with humanity, technology and the environment.

Perfectly functioning systems, plants and businesses assure high profitability. That is the ultimate goal of the services offered by TÜV's Industrial Services division. These services go far beyond the classical inspections of pressure vessels, material containers and elevators.

With regard to CDM (Clean development mechanism), projects have to be accompanied by independent, accredited third parties. TUV Rheinland Group is one of the Applicants Entities listed on the UNFCC web site and has applied to become  Designated Operational Entities (DOE).  in the near future. We will offer the validation service for the operators of those plants, which are directly affected by EU Emission trading scheme.  In addition, we also offer services on certification in quality management system, workspace safety, environmental protection and risk analysis.  

TUV Rheinland Group with its unique worldwide organization offers its services as independent third party to all kind of climate change projects.

IPPF Profile

The IPPF is a non-profit industry support organization mandated by its members to work toward best practices in the Power Generation industry.  Our geographic focus includes all developing nations across the Asia / Pacific region as well as the more developed economies of North East Asia.

Read more from our Conference Page: http://www.asria.org/news/events/1082710819/