CHINA CARBON CREDITS

China becomes Kyoto’s largest carbon credit provider
March 17, 2007 (NewKerala(India).com)

WHO
China [is] the second largest greenhouse gas emitter…

WHAT
[China] has become the largest provider among developing nations of carbon credits under the Kyoto Protocol after approving more than 350 foreign-invested carbon reduction projects…

WHEN
China's National Committee on Climate Change said that since 2005 it has approved 352 CDM projects that could cut carbon emissions by 780 million tonnes a year… The projects are waiting to be registered…

WHERE
The projects [will be] registered under United Nations Framework Convention on Climate Change (UNFCCC)…

WHY
Projects approved since 2005 could cut carbon emissions by 780 million tonnes a year… projects waiting…are expected to cut emissions by 47 more million tonnes accounting for more than 40 per cent of the carbon credits earned… A carbon credit is given for the reduction of every tonne of carbon that prevented from being emitted into the atmosphere…

QUOTES
"China is now the largest carbon credit provider under the Clean Development Mechanism in the world," Xinhua news agency quoted an official with the United Nations Development Programme in China, He Ping as saying.