The largest CO2 emission reduction project started
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According to reports, developed countries that signed the "Kyoto Protocol" must reduce their greenhouse gas emission levels by an average of 5.2% from 1990 to 2012. The Clean Development Mechanism is an innovative international cooperation mechanism established in accordance with the UN "Kyoto Protocol." Developed countries can invest funds and technologies in projects in developing countries to help them reduce the emission of greenhouse gases and obtain their own emission reductions. Since the cost and difficulty of reducing emissions in developing countries is relatively lower, developed countries can complete their emission reduction tasks at a relatively low cost. According to statistics from the National Climate Change Coordination Group Office of the National Development and Reform Commission, as of February 15, the National Development and Reform Commission has approved and is accepting 21 CDM (Clean Development Mechanism) projects, of which 18 have been approved. Juhua, as the largest fluorine chemical base material production base in China, signed a cooperation contract with Japan JMD Greenhouse Gas Emissions Reduction Co., Ltd. in August 2005 for technology introduction, capital provision, and purchase of greenhouse gas emission reductions (CERs) for CDM projects.
It is understood that Juhua's annual output of 500 tons of HFC-23 decomposition project, equivalent to about 5.85 million tons of carbon dioxide emission reduction. According to the agreement, Juhua will transfer greenhouse gas emission reductions generated by the project to Japan JMD Greenhouse Gas Emissions Reduction Co., Ltd. The transfer period will be 7 years, the total amount transferred will not exceed 40 million tons of carbon dioxide equivalent, and the transfer price will not be less than USD 6.5 per ton. . According to relevant state regulations, 65% of the CDM project revenues are turned over to the country, and 35% are attributed to the company. For this reason, Juhua gets a considerable return every year due to CO2 emission reduction.