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Chinese firms slam UN wind farm rulings
Beijing (AFP) Dec 15, 2009 A group of Chinese power firms has expressed shock at a UN decision to reject 10 wind farm projects amid claims that Beijing fudged figures to qualify for financing under a UN carbon trading scheme. The ruling came under the UN's Clean Development Mechanism, which allows rich nations to fulfill emissions reduction commitments in part by investing in clean energy technology in developing countries via carbon credits. The Executive Board overseeing CDM projects refused to back the Chinese wind farms, saying they did not clearly show "additionality" -- meaning a project needs the revenues from the sale of carbon credits to succeed. According to the 21st Century Business Herald newspaper, the board expressed concern that China had deliberately lowered electricity tariffs in order to qualify for CDM financing. "We are shocked by such a decision made by the EB (Executive Board)," said a statement emailed to AFP by power generation giant China Datang Corporation, one of the participating Chinese companies. "The decision... is sending a strong, wrong signal which will seriously damage the enthusiasm and confidence of investors in continuing their investment in the wind power industry," the statement said. The statement said the companies were "confused" by the decision, pointing for instance to what they claimed was inconsistency in the criteria used to accept and reject projects. They also said the EB had disregarded a report commissioned by Beijing to explain Chinese wind power electricity tariffs, adding that the government had made efforts in promoting the development of renewable energy. China, which relies on coal for more than 70 percent of its energy, is the world's largest emitter of the greenhouse gases blamed for global warming. But it has set a target of generating 15 percent of its energy from renewable sources -- mainly wind and water -- by 2020. "The wrong decision with regards to the rejection of the 10 Chinese wind projects... will cause a severely negative impact," the statement said. "We seriously request the EB to review the registration/rejection of these 10 wind farm projects and simplify their registration procedures." Share This Article With Planet Earth
Related Links Wind Energy News at Wind Daily
Wind power to gain from Copenhagen dealNew Delhi (UPI) Dec 14, 2009 A breakthrough deal in climate-change talks in Copenhagen would lead to a sales boost for the wind power industry, says the chief of India's biggest maker of wind-turbine generators. Suzlon, based in the Indian city of Pune, could see a ten-fold increase in annual revenues by 2020 with a successful Copenhagen outcome, predicts chief executive Tulsi Tanti. "With a very strong ... read more |
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