The Largest Source Of Certified Emission Reduction Credits

China is now the world's largest source of certified emission reduction credits (CERs), with registered clean development mechanism (CDM) projects capable of generating more than 55m tonnes of carbon dioxide equivalent (CO2e) per year, or 42 per cent of the global total.

China released its revised CDM measures in October 2005. Up to 31 July 2007, the NDRC (the Chinese Designated National Authority (DNA)) had approved 684 CDM projects. Of these projects, 107 have been registered at the CDM Executive Board.

CDM projects have been developed at a fast pace. Support from the international community is one of the driving forces for this development.

In June this year China and the European Union (EU) launched a joint project designed to encourage sustainable development and emissions control in China. This project will be financially supported by the European Commission in the amount of EUR2.8m.