Report
from the Meeting on 7th July
2006 about EU Relations with China
Speeches
from the main event are now online.
The
session on "Sustainable Technologies" met in the afternoon with only a
dozen of the 50-some registered participants showing up, much to the
disappointment of the moderator and speakers, who protested that
sustainable development should be given a higher priority in
determining future EU relations with China. The
following presentations were given in the Working Group 9:
Sustainable Technologies and Services, here in PDF:
A
Finnish lady announced she was
planning a business event to be held in parallel with the "ASEM 10th
anniversary Summit meeting between the EU and Asian countries". This high-level event
is mentioned in the Finnish Presidency statement from 5.7.06 reproduced
here:
"As
holder of the Presidency, Finland will strive to promote international
discussions that could result in an ambitious regime covering all major
countries with regard to climate change.....Both policy areas
– energy and climate change – will be high on the
agenda for the Summit meetings with third countries during
Finland’s Presidency, including the ASEM 10th anniversary
Summit meeting between the EU and Asian countries," http://www.eu2006.fi/news_and_documents/speeches/vko27/en_GB/1152081630727
On the 12 September 2006 an EU China eventwill take place in
Helsinki
including a high-level plenary speeches, a rep. from Nokia and a
Workshop III on Sustainable
Development Strategies and the following subthemes:
Sustainable Development
Policy
Technologies, Services and
Solutions for Sustainable
Development
From 28-29th September there
will also be a China / EU Forum at
this event in Berlin. At the
previous event in January 2005 during the UK Presidency
this document (in PDF)
described the strategy for getting some commitment from China
comparable to what the EU did to encourage Russia to ratify the Kyoto
Protocol.
The Club of Rome is
considering holding an event on energy in view of the fact that energy
security has become such a central
topic as demonstrated by the G-8 Summit in St. Petersburg, Russia, on
July 16, 2006. That summit issued
this statement on "Global Energy Security: Global Energy Challenges."
SERI is considering a China / EU dialog like this.
The
interest of all participants, mainly bankers and traders, was centered
on modelling the likely future value of emissions reductions after the
crash in the price of a ton of carbon experienced in mid-May with the
announcements from member states indicating that their National
Allocations Plans (NAP) had been too generous.
Various types of credits are in circulation:
the European Union issues
its Allowances (EUA) while
the United Nations issues
two other types of credits under
the Kyoto Protocol:
Certified Emission
Reductions (CER) from qualifying Clean Development
Mechanism (CDM) projects.
Joint Implementation
(JI) projects yield the similarly
named Emission Reduction Units (ERU),
which however -- unlike CERs -- constitute part of the emission targets
set for the contracting countries in Annex I.
The chain of responses to scarcity in a cap and trade system can be
represented in simplified form as follows:
regulatory agency
carbon credits
coal
electric utilities
industrial production
end consumers
gas
Considering the recent crash in prices to zero, one panel participant
asked whether it was really the responsibility of the European
Commission to create scarcity giving emission credits a positive
value? The representative of the EC answered "definitely".
Some of the participants will attend in Berlin in September www.kyotoplus.org
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