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Our first Energy Working Group talk of 2010 will be by two of our research associates –Gang He and Richard Morse. (The title and short description of the talk are provided below.) The talk will be held on Wednesday, January 20th from noon to 1:30pm at the Goldman conference room (fourth floor of Encina Hall East). Lunch will be provided.
The Controversy over Chinese Wind in the Clean Development Mechanism: Implications for Strengthening Global Carbon Offset Policy:
Gang He and Richard Morse examine one of the biggest controversies in the global carbon market – the additionality of Chinese wind power in the Clean Development Mechanism (CDM). Addressing and moving beyond the binary question of whether such projects do or do not represent “real” CO2 reductions, they use insights drawn from detailed analysis of the entire Chinese wind CDM portfolio to argue that the current legal and economic structure of additionality is unworkable in the Chinese power sector when one takes into account how regulation and policy in those markets actually function. Therefore under the current CDM additionality regime, additionality cannot be credibly verified for Chinese wind – a problem that extends to multiple types of energy projects in numerous developing countries. In short, the controversy over Chinese wind illustrates the need for large-scale reforms of how the world validates carbon credits in developing world power sectors. In a post-Kyoto world that envisions a greatly expanded role for international carbon offsets, ensuring the integrity of carbon markets through smarter policy engagement with countries like China is more important than ever.
I hope to see all of you there!
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Sunny Wang
Communications and Administrative Associate
Program on Energy and Sustainable Development
Freeman Spogli Institute
Encina Hall E419B
Stanford, CA 94305
P 650.724.1714 | F 650.724.1717
The Controversy over Chinese Wind in the Clean Development Mechanism: Implications for Strengthening Global Carbon Offset Policy:
Gang He and Richard Morse examine one of the biggest controversies in the global carbon market – the additionality of Chinese wind power in the Clean Development Mechanism (CDM). Addressing and moving beyond the binary question of whether such projects do or do not represent “real” CO2 reductions, they use insights drawn from detailed analysis of the entire Chinese wind CDM portfolio to argue that the current legal and economic structure of additionality is unworkable in the Chinese power sector when one takes into account how regulation and policy in those markets actually function. Therefore under the current CDM additionality regime, additionality cannot be credibly verified for Chinese wind – a problem that extends to multiple types of energy projects in numerous developing countries. In short, the controversy over Chinese wind illustrates the need for large-scale reforms of how the world validates carbon credits in developing world power sectors. In a post-Kyoto world that envisions a greatly expanded role for international carbon offsets, ensuring the integrity of carbon markets through smarter policy engagement with countries like China is more important than ever.
I hope to see all of you there!
...........................
Sunny Wang
Communications and Administrative Associate
Program on Energy and Sustainable Development
Freeman Spogli Institute
Encina Hall E419B
Stanford, CA 94305
P 650.724.1714 | F 650.724.1717
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Hope to see some of you there!
Best wishes,
Brenden
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