U.K. firms seek low-carbon ties with Shenzhen
2010-January-29 Source: Szdaily web edition
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A group of U.K. companies with broad climate change expertise visited Shenzhen on Thursday (Jan 28) to share their carbon market knowledge with local firms. The group also came to seek business opportunities arising with emerging emission trading schemes.

The companies, brought to the city by the U.K. Climate Change Project Office and U.K. Trade and Investment, included project developers, financial institutions, carbon brokers and climate change legal services.

"We focus not just on Clean Development Mechanism (CDM) projects and wider current carbon market services, but also the potential business opportunities and benefits," Tom Bouwens, a projects adviser with the U.K. Climate Change Project Office, said at the opening ceremony of a seminar on low-carbon economies.

"Furthermore, at a time when the global economy is at the forefront of international debate, climate change does not become less important. We need a growth engine to come out of this downturn and low-carbon investment is key to recovery and ensuring sustainable economic growth."

A number of Shenzhen firms and agencies made their voices heard at the seminar.

Professor Yu Yuanqi, deputy director of Shenzhen International Technology Promotion Center for Sustainable Development, explained some specifics of CDM operation, while Tony You, manager of Shenzhen PhasCon Technologies, shared the experience of developing a landfill gas CDM project in China.

Editor: Miranda
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