Conference on Financing Renewable Energy Projects in China

The Conference on Financing Renewable Energy Projects in China, with a focus on the removal of barriers for EU direct investment into renewable energy projects in China, took place within the frame of the CDM and the new Chinese Renewable Energy Law in Brussels on 19-20 May 2005 at the Centre Borschette, 36 rue Froissart, 1049 Brussels.

It was jointly organised by the following two SYNERGY projects:

SYNERGY Project “EU-China Partnership in CDM Implementation”
Berliner Energieagentur GmbH, Germany
InWEnt International Capacity Building GmbH, Germany
ENEA, Italy
SenterNovem, The Netherlands
LDK Consultants, Greece
ERI, Energy Research Institute, National Development and Reform Commission (NDRC), China
GIEC, Guangzhou Institute for Energy Conversion, Chinese Academy of Science, China

and

SYNERGY Project “Building-up the Structures for Commercialising Renewable Energy in China”
EREC, European Renewable Energy Council
ESHA, European Small Hydropower Association
CREIA, Chinese Association of Renewable Energy Industry Association, China
IN-SHP, International Network for Small Hydropower, China
 

Background

With the approval of the Chinese Renewable Energy Law by China’s Peoples Congress on 28^th February 2005 and the envisaged entering into force of the law on 1^st January 2006, renewable energy sources (RES) are looking into a bright future in China. Given the vast renewable energy potential of China as well as its need for increased energy supply, this sector is facing increased interest from both private and public stakeholders.

In addition to this, the entering into force of the Kyoto Protocol on 16^th February 2005 is stimulating the implementation of projects by the Clean Development Mechanism (CDM) and therewith the financing options of RES projects.

The EU and China already have tight links on various levels, one of which are two European projects co-financed by the SYNERGY programme, which look into the promotion of RES in China and which will present their findings at the May conference.

However, the existing rules and legislation should also encourage foreign private investment in RES projects. It is necessary to find feasible solutions to remove existing legal barriers and combine income from the new feed-in provisions of the Renewable Energy Law as well as income from sales of emission rights in the framework of the Kyoto Protocol. Special attention has to be given to open up the EU-Emission Trading System for CDM projects in China.

Scope of the conference

The conference brought together Chinese and European stakeholders to discuss on the following subjects:

• RES framework in China provided by the new Renewable Energy Law
• Conditions for foreign investment into CDM projects in China
• Implications of the Chinese Renewable Energy Law on the additionality condition of the CDM
• RES opportunities and available technologies
• Presentation of RES projects in China
• Exchange of experience – lessons learnt
• Financing of RES projects under particular consideration of CDM

Conference Presentations

Conference Programme

• Organisation
• Renewable Energy
• Documents
• Policy
• Projects
  • Ongoing Projects
  • Finalised Projects
    • EurObserv'ER
    • K4 RES-H
    • EcoHeatCool
    • European RE Islands
    • Sustainable Communities
    • CTO Impact Assessment
    • EUREES
    • RES Info Europe
    • RES in EU & CC
    • White Paper Cyprus
    • Green X
    • Energy Technology Centre Russia
    • Building RES in China
      • Conference
      • Workshop
    • OPET RES-e
    • Euro-Caribbean RES Forum
• Calendar of Events
• Link directory