05 August 2012
to leading International Consultancy, Ecofys, to support China's Carbon Market
SFW to form part of a ten-man team, assembled by Ecofys and including renowned Chinese institutes that will assist Tianjin Climate Exchange to design and pilot emissions trading scheme for the Tianjin Municipality.
Beijing, People’s Republic of China, 6th August 2012 – Ecofys has been selected as consultant for a technical assistance (TA) project, officially launched in May 2012, which will help Tianjin develop a pilot emissions trading scheme (ETS). The project is the first major ETS project commissioned by a large international donor, the Asian Development Bank (ADB), in support of ETS development in China. The Chinese government plans to launch a national carbon market by 2015 utilising experiences gained from developing seven regional pilot schemes. The municipalities of Beijing, Shanghai, Shenzhen, Chongqing, and the provinces of Guangdong and Hubei are the chosen Chinese regions selected to develop the pilots.
Ecofys will assist Tianjin Climate Exchange, the lead agency for the project, to design the trading platform and support its implementation, amongst other tasks. The ADB granted $750,000 under the TA project to cover technical consultancy and other expenses. The Tianjin carbon market is expected to be ready for operation in 2013. The project should provide valuable experience to guide the future development of a national trading scheme, which aims to help China meet its target of reducing the carbon intensity of its economy by 40 to 45 percent below 2005 levels by 2020.
“This pilot project will offer valuable lessons for the design of a nationwide system to reduce the carbon intensity of the Chinese economy,” said Pradeep Perera, Principal Energy Specialist in ADB’s East Asia Department.
Recognised as a founding father of the European ETS, Ecofys has assembled a ten-man team, including experts from renowned Chinese institutes and the UK Company SFW Ltd, to contribute their substantial expertise to this project. “Ecofys is looking forward to working closely with Tianjin to build a solid carbon market. For us, this represents a significant and important project that will help China lead the way in building successful domestic ETS schemes,” stated Alyssa Gilbert, Unit Manager Market based Mechanisms at Ecofys’ London office. “Ecofys is already advising governments across three continents on the implementation of ETS schemes.”
“SFW is delighted to be providing expertise to support this project” said SFW Director, Peter Hornsby. “From a technical implementation perspective, I believe that SFW’s deep and practical knowledge of carbon market tools will be a great asset in the development of a successful scheme.”
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Notes to Editors
SFW delivers premium, value for money, Climate Change IT Services. It is the IT partner responsible for supporting and maintaining the Greta and Seringas registries and for the development and delivery of ETSWAP MRV solution. SFW offers consultancy, software take-on and management, software development, systems support, and maintenance services. SFW truly understands the complexities, needs, and challenges of implementing climate change solutions, and combines this with the technical knowledge and ability to deliver streamlined, effective and efficient emissions management, registry and connectivity solutions. For further information, visit www.sfwltd.co.uk
About Ecofys – Experts in Energy
Established in 1984 with the vision of achieving “sustainable energy for everyone”, Ecofys has become the leading expert in renewable energy, energy & carbon efficiency, energy systems & markets as well as energy & climate policies. The unique synergy between those areas of expertise is the key to its success. Ecofys creates smart, effective, practical and sustainable solutions for and with public and corporate clients all over the world. With offices in the Netherlands, Germany, the United Kingdom, China and the US, Ecofys employs over 250 experts dedicated to solving energy and climate challenges. (www.ecofys.com)
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