By chinesestock | Published: 2010/11/16
As developing countries, the first Clean Development Mechanism Fund, the China Clean Development Mechanism Fund (hereinafter referred to as clean funds) the use of rules have been clear.
According to the Ministry of Finance, National Development and Reform Commission, Ministry of Foreign Affairs, Ministry of Science, the Environmental Protection Department, Ministry of Agriculture and the China Meteorological Administration have jointly published the “China Clean Development Mechanism Fund” (hereinafter referred to as “Regulations”), clean Fund use of grants and a combination of paid work together to promote our energy reduction and climate change work.
In compensation for the use of the three methods, the “compensation for the use in the initial operation of the Fund, the Fund will be based mainly entrusted loans, and other agencies to achieve mutual complementarity and common activities.” Clean Development Fund Management Center of China (hereinafter referred to as the management Center) Chen Huan, Deputy Director of the newspaper said.
At present, the specific rules have been entrusted loans initially clear. Newspaper from the cadres by the Ministry of Education jointly organized with the fund management center, the “provincial finance department to address climate change and development work of training seminars low-carbon economy” (hereinafter referred to as “Workshop Conference”) was informed that the Central Administration is stepping up cooperation with the local financial system, strengthen financial systems in response to climate change capacity-building at the same time, compensation for the use of refined mode of cooperation.
6.0 billion of funds gaining “momentum”
Understand that cleaning Fund in August 2006 by the State Council approved the establishment. The main source of funds transfer through the CDM greenhouse gas emission reductions of state revenue received by all of the parts.
According to the 2005 release of “Operation and Management of Clean Development Mechanism project approach”, in view of greenhouse gas emission reductions of all resources owned by the Chinese government, but by the specific CDM project emission reductions generated by the development company owned by all, therefore, clean development mechanism projects from the transfer of greenhouse gas reduction gains owned by the Chinese government and the implementation of the project owners.
The allocation of specific three: first, hydrofluorocarbons (HFC) and perfluorocarbons (PFC) class project, the state charged the transfer of the transfer of the amount of greenhouse gas emission reductions of 65%; Second, nitrous oxide (N2O) class projects, the State charged the transfer of the transfer of the amount of greenhouse gas emission reductions of 30%; Third, focus areas and small projects such as reforestation clean development mechanism projects, the state charged the transfer of the transfer of the amount of greenhouse gas emission reductions of 2%.
“Because of the income derived from HFC projects we fund more than 90% of revenue, and the current issue of such emission reduction projects by political factors, by the United Nations CDM Executive Board to suspend, to how uncertain the future, so the fund the plate, there are some uncertain factors. “Huan Chen said.
Chen Huan, according to estimates, the data in the most optimistic, the size of the fund in 2012 to reach 120 million. If the situation is not optimistic, which may be 100 billion or less. The size of funds to the end of the year is expected to reach 60 billion yuan.”
Chen Huan introduced Clean Fund is in accordance with the social fund of funds management policy. Therefore, the “Clean Fund aims to support the national response to climate change and promote sustainable economic and social development, and shall not be used for matters unrelated to climate change. Meanwhile, the social model requires clean funds increase the value of the principle of independent operations.”
Understand that the “management approach” was promulgated before the Board application and management of the Fund through the center of various efforts, the Fund has launched a grant project activities in advance to support countries in addressing climate change, capacity-building projects to run, as State funds supplement the main channel.
In 2008, the Clean Fund spending 25 million yuan to support the first batch of 14 grants in support of the relevant ministries to carry out capacity-building to address climate change and public awareness. Such as support for the preparation of the Chinese government white paper “China’s policies and actions to address climate change”, and the International Climate System, CDM methodology development projects, agricultural greenhouse gas monitoring and responding to climate change, video production and other content.
“Management Measures” to further clarify the purpose of the grant, there are mainly four purposes: to address climate change-related policy research and academic activities; and climate change-related international cooperation activities; aimed at strengthening capacity building to address climate change training activities; to raise public awareness of climate change publicity and education activities.
Meanwhile, the “management approach” provides a grant program eligibility, the applicant should be engaged in addressing climate change within our field of work, study or training has a capacity of relevant institutions. “In the current international climate change negotiations, the situation in heavier tasks, the main focus on the negotiations related to climate change research.”
To commission-based compensation for the use loans
Under the “management approach”, clean the Fund paid mainly by the use of three approaches: equity investments, loans and financing guarantee commission. Learned from the management center, in order to control risk, compensation for the use will be mainly based on the entrust loan.
According to the fund management center to the source, the current management center is mainly entrusted loans funded or commissioned by the bank in investment holding, to the provincial finance departments are conducive to produce climate change benefits of the loan.
May apply for loans normally locked in the range of “low carbon” industries and enterprises in the concept, such as including energy conservation, energy efficiency, new energy, renewable energy, alternative energySource, and the related manufacturing, services and other help to control and reduce emissions of greenhouse effect gas emissions, industry and economic benefits, and develop future major projects.
