China-California Carbon Market Joint Research Project Kicks Off 01-10-21 11:33 Updated BJT
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On the morning of September 29, 2021, the kick-off meeting of the China-California Carbon Market Joint Research Project was held online. He Jiankun, Chairman of National Expert Panel on Climate Change, and Mary Nichols, President of the California-China Climate Institute, among other Chinese and American experts, attended the ceremony. Feng Wei, Vice Chairman of China Institute for Innovation and Development Strategy (CIIDS), attended and delivered a speech on behalf of the project sponsors.

Vice Chairman Feng Wei said CIIDS was pleased to support this pragmatic joint study on carbon markets between China and the U.S. Under the leadership of Chairman Zheng Bijian, we firmly believe in China's peaceful rise and advocate expanding convergence of interests and building communities of interests with as many countries as possible, in as many areas as possible. Climate change bears on the future of all countries across the globe and is one of the foremost areas where the interests of China and the US converge. And in a time when other conversations between China and the US are becoming difficult, it’s all the more important to maintain a bridge of cooperation and dialogue and to keep open avenues of understanding between us. We hope that through this joint research project, both countries could engage in mutual learning, draw on each other's experience and make contributions to addressing the climate challenge and achieving carbon reduction and neutrality.

Chairman He Jiankun and President Mary Nichols appreciated the support from CIIDS and the Berggruen Institute, and noted the importance of the carbon market as the most efficient tool to reduce emissions. For one thing, companies, primary market entities, are involved. For another, according to the UN climate talks, a global carbon market, when completed, will become a new kind of international multilateral mechanism. They expected that the joint research project would provide experience for the operation of China's national carbon market and push for more practical cooperation on climate change between China and the United States and gradually expand the scope of cooperation by further promoting the cooperation between California and China's pilot provinces of carbon market.

Professor Zhang Xiliang, Director of the Institute of Energy, Environment and Economy, Tsinghua University, and Dr. Dai Fan, Executive Director of the California China Institute, who are in charge of the project on the Chinese and the U.S. side respectively elaborated on the objectives, research methods and progress of the project, and announced plans for future research. Professor Zhang Xin, Chief Economist of The National Center for Climate Change Strategy and International Cooperation, and Jason Gray, Director of California Air Resources Board, briefed on the current progress of China's national carbon market and the development of California's carbon market, respectively. Xiao Xin, Executive Director of CIIDS Carbon Neutrality and Intelligent Industrial Innovation Center, participated in the discussion and introduced CIIDS's current progress in carbon neutrality and intelligent industrial innovation.

China-California Carbon Market Joint Research Project is supported by CIIDS and the Berggruen Institute. Institute of Climate Change and Sustainable Development of Tsinghua University, Institute of Energy, Environment and Economy of Tsinghua University, California-China Climate Institute and Emmett Institute on Climate Change and the Environment of University of California in Los Angeles will conduct the research together to improve the efficiency and effectiveness of the carbon market in China and California, promote the development of the global carbon market and the exchange and cooperation on climate change between China and the U.S.

Editor: zhenglimin
01-10-21 11:33 BJT
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