China continues to dominate global Clean Development Mechanism (CDM) emission reduction tonnage, with its registered projects accounting for 40% of emissions reductions under the scheme.
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| China is leading the CDM market |
China's registered projects today total 47 million tonnes of average annual CO2-equivalent (CO2e) reductions, triple that of its closest rival, India, which hosts just over 16 million tonnes of CO2e reductions. Recent CER transaction auction prices of US$15.7/tonne would value China's share at around US$740 million (RMB5.7 billion).
China plays host to six of the 10 largest CDM projects globally; its HFC23 reduction projects in Jiangsu and Shandong Provinces alone account for nearly 18% of the total global annual reductions under the CDM scheme.
| Host country | No. of projects |
| India | 177 |
| Brazil | 92 |
| Mexico | 75 |
| China | 41 |
| Malaysia | 14 |
Nevertheless, India dominates the rankings in terms of number of projects, with 177 projects registered, against China's 41. India's projects are more evenly spread in terms of size - India's largest project is a 3.8 million tonne CO2e/annum HFC23 reduction project, its smallest is a 562 tonne CO2e/annum solar heating project. China, while dominating the top of the emissions reduction list, disappears from the project listing below the 19,000 tonne CO2e/annum reduction level.
| Top 18 registered CDM projects (by annual reduction) in China, March 2007 |
| Annual CO2e |
Date registered |
Project |
| 10,437,249 |
8/8/2006 |
Project for HFC23 Decomposition at Changshu 3F Zhonghao New Chemical Materials Co. Ltd, Changshu, Jiangsu Province |
| 10,110,117 |
13/3/2006 |
Shandong Dongyue HFC23 Decomposition Project |
| 8,411,432 |
04/6/2006 |
Project for GHG Emission Reduction by Thermal Oxidation of HFC23 in Jiangsu Meilan Chemical Co. Ltd., Jiangsu Province |
| 5,789,682 |
3/3/2006 |
HFC23 Decomposition Project of Zhejiang Juhua Co., Ltd. |
| 4,783,753 |
27/10/2006 |
Project for HFC23 Decomposition at Limin Chemical Co., Ltd. Linhai, Zhejiang Province |
| 3,656,598 |
27/10/2006 |
Project for HFC23 Decomposition at Zhejiang Dongyang Chemical Co., Ltd., China |
| 312,891 |
11/8/2006 |
Xiaogushan Hydropower Project |
| 296,278 |
18/2/2007 |
Huaibei Haizi and Luling Coal Mine Methane Utilization Project |
| 286,525 |
3/3/2006 |
Meizhou Landfills Gas Recovery and Utilization as Energy |
| 253,287 |
12/8/2006 |
Jilin Tongyu Huaneng 100.05MW Wind Power Project |
| 246,107 |
18/12/05 |
Nanjing Tianjingwa Landfill Gas to Electricity Project |
| 199,251 |
6/11/06 |
Rudong County Wind Farm Project |
| 178,626 |
4/3/2007 |
Hebei Jinzhou 24MW Straw-Fired Power Project
|
| 172,500 |
25/5/06 |
Ningxia Helanshan Wind-farm Project, Ningxia Autonomous Region |
| 134,811 |
13/11/2006 |
Erlongshan Hydropower Project in Gansu Province |
| 125,557 |
31/12/2006 |
Inner Mongolia Chifeng Dongshan 49.3 MW Wind Power Project |
| 111,812 |
15/12/2006 |
Saihanba East 45.05 MW Windfarm Project
|
| 111,812 |
15/12/2006 |
Saihanba North 45.05 MW Windfarm Project |
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