Written evidence submitted by Leo Peskett,
Research Fellow, Climate Change, Environment and Forests Group,
Overseas Development Institute (ODI)
Following the evidence session held on 3 March
2009, here are the figures I promised:
— According to UNFCCC website, China
has an average annual reduction of 147,318,958 metric tons from
the CDM. This is compared to their average annual emissions of
7,527 Million Metric Tones CO2e (according to Congressional Research
Service: http://ftp.fas.org/sgp/crs/row/RL34659.pdf) (ie about
2% of emissions). Therefore the reductions aren't "significant"
compared to what they are still emitting.
— China has 60% of the CDM market. See
here for amount of CERs from China: http://cdm.unfccc.int/Statistics/Registration/AmountOfReductRegisteredProjPieChart.html
We could do the same for India, but the figures
would probably be similar.
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