CBEEX has decided to involve foreign experts to leverage their relevant knowledge and experience accumulated in Europe, in launching an emissions trading system in Beijing. Of the many renowned European companies active in the carbon market, CSG has been chosen for two reasons: One is the high standard of expertise that our network of professionals represents. The second is our Chinese ownership background, which has bridged the cultural and communications gap that has proven to be 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:
using the knowledge and experience accumulated in relation to the EU ETS;
, through which we will support the sustainability efforts of
Beijing corporations which are required by law to participate in the ETS; and
, through which we will make sure that environmental innovations from Europe are implemented in China, helping to meet its emissions reductions targets.
During our negotiations, we discussed the potential for solving difficulties faced in the CDM market and the opportunity to use available methodologies to convert accumulated CER credits into Chinese CERs (CCERs) and the mechanisms that could allow these projects to be integrated into local ETS systems.
says Mr. Csaba Fogarassy, PhD, CSG's leading expert. Mr. Fogarassy has concluded.
The Beijing talks were attended by CBEEX Managing Director Mr. Mei Dewen, Mr. Csaba Fogarassy as well as leading CSG expert, Mr. Peter Gaspar CEO CSG and Mr. Qu Lei, owner of the CSG Group.