Beijing Emissions Exchange welcomes European experts

Carbon Solutions Global Ltd. becomes CBEEX's professional cooperation partner

Online PR News – 04-July-2013 – London, United Kingdom – CBEEX (China Beijing Environment Exchange) has chosen a new professional cooperation partner. London-based international environmental consulting firm Carbon Solutions Global Ltd. (CSG) is the first European company to actively contribute towards the implementation of China's environmental protection efforts.
CBEEX has decided to involve foreign experts in consideration of the knowledge and experience accumulated in Europe, which will be of great help in launching an emissions trading system in China. Of the many renowned European companies active in the carbon market, CBEEX has chosen to work with CSG for two reasons.
(i) CSG represents a high standard of experts within its international network.
(ii) CSG’s Chinese ownership background has made it possible to overcome the cultural and communications difficulties that have proved insurmountable for most European businesses to date.
According to the framework agreement signed in Beijing, CSG will contribute to Beijing's environmental efforts in three main areas:
1. Consulting services, CSG will contribute to launching and developing the CBEEX trading system using the knowledge and experience accumulated in relation to the EUETS;
2. General education and introduction of carbon management systems, CSG will support the sustainability efforts of Beijing corporations which are required by law to participate in the ETS; and
3. Technology and knowledge transfer, CSG will ensure that environmental innovations from Europe are implemented in China, helping to meet its emissions reductions targets.
During their negotiations, the parties discussed possibilities for solving difficulties in the CDM market,- these include the methodologies available to convert accumulated CER credits into Chinese CERs (CCERs) and the mechanisms that allow these projects to be integrated into local ETS systems.
“In our conversations with Mr. Dewen, a fact which is no big secret was emphasised - namely that the primary concern for China is to maintain its economic growth and remain competitive,” says Mr. Csaba Fogarassy, PhD, CSG's leading expert. “Consequently, the fundamental goal of the initial pilot ETS is to set up a regulatory framework and a mechanism for growth as a priority whilst in parallel enabling China to achieve its ambitious target of 40% emissions reductions. CBEEX, which is the Chinese capital's emissions trading exchange, will play an important role in setting up the system. Also, they are very open to studying the concept we have proposed,” Mr. Fogarassy has concluded.
The Beijing talks were attended by CBEEX Managing Director Mr. Mei Dewen as well as leading CSG expert Mr. Csaba Fogarassy, Mr. Peter Gaspar CEO CSG and Mr. Qu Lei, the owner of the CSG Group.
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Media relations: Ms. Rani Virdee
Carbon Solutions Global Ltd.
0044 7942 880412