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.
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|
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|