China, carbon trade, CDM
Posted by JLow on Aug 12, 2010
“China eyes local carbon trade, CDM priority for now”
I saw this headline in today’s Star Online.
During the Khazanah’s Silverbook workshop (posted earlier) we learned that, despite China being one of the biggest polluter in the world- this Star article says that they are indeed the world’s largest greeenhouse gas emitter; that at least they are taking responsible actions in looking into their “unique” position. The article says that they are looking into policies of carbon cap and trade, and indeed- they do already have a China Beijing Environmental Exchange (CBEEX website) mechanism in place, albeit with teething problems.
Part of the reason for China’s push into this is due to (sourced from the article):
The cornerstone of any Chinese carbon market will be the country’s pledge, made last year, to reduce its 2005 carbon intensity rate — the amount of CO2 produced per unit of GDP — by 40-45 percent before the end of 2020.
In Malaysia we too have our own efforts, after our Prime Minister made a similar pledge to “reduce its carbon dioxide emission to 40 per cent by the year 2020 compared to the 2005 levels subject to assistance from developed countries”. As a follow-up, the Ministry of Energy, Water and Communications launched its Greentech : 1 Identity, as well as conducting workshops with industries, aimed similarly at tacking our own GHG emission levels.
To share some related insights: The aviation industry, by its nature of continuous improvements in fuel efficiencies, has always been in the forefront of being green. Airframe manufacturers collaborate with engine manufacturers to come up with the engineering wonders that we see in the skies now. Airports and traffic controllers and aviation authorities collaborate to take it further by developing policies to reduce the impact of airplanes with optimised flight patterns, taxiing policies, new methods of airplane approaches and landings, etc.
Because of all these efforts, the general public is (still) surprised to learn that compared with all other industries in the world, aviation only contributes 2-3% of the total GHG emissions. 
