Excerpt from: China Supply Chain and Logistics Strategy
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| January 16, 2008 | | Finnish Foreign Ministry signed a contract to purchase approximately 175,549 Certified Emission Reductions (CERs) through the solar cooker project in northern China | Households in 31 villages in Ningxia Hui Autonomous Region in northern China will receive 19,000 solar cookers for free. A repair facility will also be set up to provide free repair and replacement if necessary. It will not only reduce the greenhouse emissions significantly by eliminating coal use, it will also provide a clean, economical and convenient way of daily cooking and water-boiling. This project is expected to generate approximately 175,549 CERs over the period of 2008-2012.
China and Finland are both participants in the Kyoto Protocol which aim to fight global warming. Each participant is required to meet their emission targets through the number of emission credits, also known as the Certified Emission Reductions (CERs). The emission targets can be met by direction reduction of the countries’ greenhouse gas emissions or purchase of CERs from other countries. Finland plans to purchase the CERs generated from the solar cooker project and use them to achieve the target set to the 1990 level during the first commitment period 2008-2012. | | |
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