Carbon credits are a tradable permit scheme in order to reduce greenhouse gas emissions by giving a monetary value. A credit gives the owner the right to emit one tonne of carbon dioxide.
Carbon credits can be exchanged between business or bought and sold in international markets. There are currently two exchanges for carbon credits: the Chicago Climate Exchange and the European Climate Exchange.
Minister Xu Guanhua in the Carbon Expo Asia
Low pollution power generation
New GM paper Mulberry Forest
Global carbon market transactions worth USD25billion for the year of 2006 and estimates worth USD40billion in 2008
China is the second largest of carbon dioxide emission
China is the largest CDM seller
Facing the intensifying greenhouse effect, the Group will step up its afforestation efforts
Generated new income from carbon mitigation project
CGFR can operate CDM business through replantation
Business partner : China CDM Exchange Centre Limited
Scope of cooperation with China CDM Exchange Centre Limited
a strategy under the aforestation strategy enabling the launching of forest carbon sequestration emission reduction work in PRC;
a relevant strategy under the joint utilization of forest resource in PRC involving emission reduction;
emission reduction strategy in relation to green city environment governance in PRC;
carbon sequestration emission reduction strategy in relation to anti-rock-desert campaign in PRC;
carbon sequestration emission reduction project within the business scope of forestry industry in other regions in PRC;
carbon sequestration emission reduction project associated with the Company and its associated cooperations
