China’s CDM market: Will Shanghai say goodbye to CERs?

With China widely blamed for the failure of Copenhagen, some experts believe CDM investors could now shun the country in favour of India and Brazil, or that the EU may even take action again Chinese CDM certificates, creating a two-tier market. Lianna Brinded reports

The Climate Change conference in Copenhagen (COP15) rounded off 2009 on a sour note, following a lack of collective will to determine a binding agreement. Although, none of the 140 countries signed a much-talked about agreement, the blame for the de-railing of the Copenhagen talks was put mainly at the door of China.

Some analysts believe China may suffer a backlash as a result, with Clean Development Mechanism (CDM) project investors choosing to put their money into projects in countries that