Latest comments posted about The limits of free-market logic on ChinaDialogue en-gb http://www.chinadialogue.net/article/show/single/en/1332-The-limits-of-free-market-logic http://staging.chinadialogue.net/images/cdlogo.gif http://www.chinadialogue.net/article/show/single/en/1332-The-limits-of-free-market-logic Like Comment Number 2 said, it is more profitable to operate Methane and HFC programs. HFCs was once very popular. However according to the statistics of CDM programs released by the Office of National Coordination Committee on Climate Change of National Development and Reform Commission (NDRC), the last HFCs registered with NDRC ranks 72 among all the total of 1550. i.e. all HFCs had been developed three years ago. Projects on methane recovery and use, however, are heard from time to time. Most of the current CDM programs are small hydro power, wind power, biomass energy and other efficiency-improving programs, whose Baseline Scenaior is mainly to supply power to the power grids with the corresponding Green House Gas (GHG) of CO2 from coal combustion. In summary, the market mechanism ensures the survival of the whole profession of CDM. As long as it is profitable, people will do it no matter how big or small the emissions reduction will be. As long as there is emissions reduction, there will be environmental benefits. Of course, because of the inherent tendency towards self-destruction of market,it is necessary to introduce supervision and guiding mechanism. But so far, there have not been any major problems. ---Adam Cheung Translated by Yan LIU Mon, 06 Oct 2008 05:08:40 -0400 http://www.chinadialogue.net/article/summary/1332#comment-7913 http://www.chinadialogue.net/article/summary/1332#comment-7913 We've heard of CDM for a while in China. There are some successful examples in Zhejiang Province. I wonder which companies are currently employing CDM in China. Companies in Zhejiang are developing very fast. They are somehow related to this issue. I'm working as an information consultant in Zhejiang University. If any relevant company would like me to help, feel free to contact me. Gu Fang Shan Ren: zjuhgf@hotmail.com Thu, 27 Sep 2007 10:20:04 -0400 http://www.chinadialogue.net/article/summary/1332#comment-4457 http://www.chinadialogue.net/article/summary/1332#comment-4457 1. Projects that aim to cut emissions by reducing chemical gas emissions, like N2O, HFC-23, are the main targets of the intiative. On the contrary, it is a typical example to show how CDM works. Because there are no national regulations or laws on greenhouse gas reductions, to place a tax on carbon emissions is the only incentive for its reduction. 2. In the long term, CDM projects will mainly involve in renewable energy and energy efficiency areas. Chemical gas projects are almost done already. 3. CDM is a good example of how capital works out. So far CDM is the only effective way against global warming. Tue, 25 Sep 2007 02:37:56 -0400 http://www.chinadialogue.net/article/summary/1332#comment-4449 http://www.chinadialogue.net/article/summary/1332#comment-4449 The initial two motives of CDM are: 1. To lower the cost of emission reduction in developed country; 2. To encourage the exchange of technology to help the sustainable development in developing country. CDM includes improving energy efficiency and developing renewable energy program. But when comparing with Methane and other gas for industry, those programs need more complicated technology and make less profit. The reason is that the profit made from reducing 1 ton of Methane or other industrial gas is 20 times as much as carbon dioxide. So the market mechanism cannot stop the main investment of CDM flowing into this field instead of promoting the sustainable development in developing country. It is clear that environment and sustainable development problems cannot be solved only by the restriction of market mechanism. But recently lots of countries show interest in it, the main reason could be the huge profit. Fri, 21 Sep 2007 06:29:35 -0400 http://www.chinadialogue.net/article/summary/1332#comment-4437 http://www.chinadialogue.net/article/summary/1332#comment-4437 This piece has increased my knowledge of this subject. Hopefully, all people involved in this area will also come to read this article. Thu, 20 Sep 2007 15:11:15 -0400 http://www.chinadialogue.net/article/summary/1332#comment-4430 http://www.chinadialogue.net/article/summary/1332#comment-4430