To show as concrete as possible to Audience a general overview of Environmental trends, challenges and opportunities in China. To give Audience a real feeling of trust and safety of doing business in China. To give insight in your respective experiences with the topic and in China. To promote Shenfu Region, China Chapter and EUTECH. China Biodiversity Conservation and Green Development Foundation joined the dialogue hosted by EUTECH in April, 28th. The abstract of the dialogue is as follows.
1. Considering the current situation of China's carbon market, what is the scope of application of CBAM? What else can we learn from the European Green Deal?
Zhang Daqian said that on July 16, 2021, China's national carbon emission trading market will be launched. At present, the key emission units covered by the national carbon market are power generation enterprises that emit 26,000 tons of carbon dioxide equivalent (comprehensive energy consumption of about 10,000 tons of standard coal) in any year from 2013 to 2019. However, in addition to the power generation industry, other energy, steel and construction companies also need to be gradually included in the carbon market. The EU carbon market is the first carbon market in the world, and its carbon price will hit a record high in 2021. The EU ETS covers about 40% of emissions from the power sector, manufacturing and aviation sectors in the EEA. There is still a lot of room for improvement in China's carbon market.
2. The classification of green bonds/green standards has been hotly debated in the EU. How should China handle the taxonomy of green finance?
Zhang Daqian said that although there are many types of projects supported by green bonds, they are still limited to areas such as energy conservation and carbon reduction. This is a good way to prevent the occurrence of green washing, but it also limits the promotion of other sustainable development programs. Kong Hongde mentioned that the commercialization possibilities of various nature-based solutions have been discussed with CBCGDF before, but the market is not yet mature, and more regulatory mechanisms and results transformation technologies are needed.
3. The EU has a lot of experience in the development of agricultural animal welfare programmes. How should China promote animal welfare without harming farmers?
Zhang Daqian said that the current intensive agriculture will not only lead to the abuse of antibiotics, but also damage the rights and interests of farmers and consumers. Many times, animal welfare and producer interests do not conflict. The current change in consumption concept is also beneficial to the promotion of green food. Mr. Peter added that there had been projects related to biomass fertilizers before, but also encountered Waterloo because there was no commercial profit.
The host said that in order to thank both parties for their participation, the organizer planted a tree in Africa for each of the two speakers as the "nature-friendly" ending of the conference.
At the end of the meeting, Zhang Daqian said, "There’s more to be done than said", and hope to promote technological development through policy advice and youth exchanges in the future.
Original Chinese Article: https://mp.weixin.qq.com/s/aVe-gwHkAvmffQlq9Wkdwg
Translator: Stan
Editor: Maggie
Contact: V10@cbcgdf.org; +8617319454776
Contribution
Do you know? CBCGDF is a non-profit organization. We rely on crowd-funding and donations. You have the opportunity to help us to advance biodiversity conservation. Donate TODAY to power up the movement to make it a better world for all life.
https://www.paypal.me/CBCGDFChina
http://www.cbcgdf.org/English/ConfirmDonaTion/0.html