The EU Emission Trading Scheme (EU ETS) was introduced in 2005 to allow European countries collectively to meet their commitments to cut CO2 emissions under the Kyoto Protocol. The EU ETS is a cap-and-trade system whereby governments set emission limits and allocate emission allowances, which can be traded between participants. China will start its cap and trade system in several provinces in 2013 with an extended program and involvement of core industries between 2015 and 2020.
Our experience in the compliance market: CDM Center is an early-mover in formal climate change reduction mechanisms and we are involved in several markets – leading investments and projects. We were a pioneer in developing projects under the CDM and together with our project partners in China, Europe, Japan and US and – we structured and developed a portfolio of multiple Emissions Reduction projects based on Kyoto or National Emission Reduction Mechanisms or Private Industry Initiatives.