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CHICAGO, April 5 (Xinhua) -- There are some very exciting opportunities for collaboration between the United States and China in carbon exchange, said a senior executive in Chicago Monday.Richard L. Sandor is chairman and founder of the Chicago Climate Exchange (CCX), the world's first and North America's only voluntary, legally binding greenhouse gas cap-and-trade system. Sandor is also chairman of the Chicago Climate Futures Exchange ( CCFE), the world's leading futures exchange for environmental products.Sandor told Xinhua in an exclusive interview, "I recently spent two weeks in Beijing, Shanghai, Tianjin and Hong Kong. My view, based on the people I've met with on my trips and that I work with everyday, is that there are some very exciting opportunities for collaboration between the U.S. and China in the field of carbon exchange."He said that a great example is the recent establishment of a joint venture between Chicago Climate Exchange and two Chinese partners -- China National Petroleum Corporation and the City of Tianjin. Working together they will develop an electronic emission trading platform and auction facility for financial products to reduce sulfur dioxide emissions and water pollutants, as well as enhancement of energy efficiency, said Sandor.Sandor added, "The Tianjin Climate Exchange (TCX) has begun to implement pilot initiatives that can help pave the way for a strong market-based infrastructure that facilitates the environmental and policy goals of the People's Republic of China."When talking about the opportunities and challenges facing the U.S.-China collaboration in carbon trading area, Sandor said, "We operate in a range of legal and regulatory frameworks with global affiliates in the United States, Europe, China, Australia and Canada. While each country has unique characteristics that come with different demands and needs, what seems to be clear across the board is the importance a market mechanism will play in meeting those demands."He further explained, "Interest is growing globally in carbon markets as a way to achieve better strategic management of energy costs, new products, new sources of revenue, job creation and poverty alleviation. Going forward this is likely to develop on what could be called a "pluri-lateral" basis. There will be markets in different parts of the world that are linked by similar contracts -- much like you see with crude oil today or like we saw with cotton in the 19th century."The farming and forestry carbon exchange offsets program has been an important part of Chicago Climate Exchange. Sandor said, " Since Chicago Climate Exchange began in 2003, the offsets program has covered approximately 17.2 million acres, 9,000 individual farmers, ranchers and forest owners and 32.4 million metric tons of offsets. Mitigation practices taking place on farms, ranches and forests are good for water, wildlife and the climate, while providing a new income source for rural economies. "Regarding the effect of the offsets program, Sandor said, " Thousands of farmers, foresters and ranchers who commit to exceptional management practices that remove carbon from the air are now earning new income. The verified best practices that are used by land managers make crops better able to weather climate extremes, generate clean economy jobs, and incentivize new techniques that can further cut emissions.""However, this is only a small part of what Chicago Climate Exchange members have been able to achieve," said Sandor. "Of all reductions made by CCX members since 2003, about 15 percent have been through offset projects. The remaining cuts are made through companies that are taking a broad range of steps to reduce their emissions. Electricity generators have implemented efficiency retrofits at power plants, used lower-carbon fuels, and optimized nuclear and hydro plant operations."When commenting on the U.S. legislation on carbon exchange, Sandor told Xinhua, "In June of 2009 a comprehensive climate legislation bill was approved by the U.S. House of Representatives which included a national greenhouse gas reduction and trading system with compliance required starting in 2012. In the Senate, progress continues on multiple fronts. Senator Kerry is currently collaborating with Senators Lieberman and Graham to craft a bill with bipartisan support."He continued, "While policymakers at the federal level work through the details of a federal bill, interest is growing in regionally mandated markets, such as the Regional Greenhouse Gas Initiative, which trades on the Chicago Climate Futures Exchange ( CCFE). State governments are increasingly looking to encourage renewable power generation and driving growth in renewable markets. "Sandor is also a research professor at the Kellogg Graduate School of Management at Northwestern University where he teaches a course on environmental finance. He is a Member of the International Advisory Council of Guanghua School of Management at Peking University and a member of the TERI School of Management Advisory Committee in India. Sandor previously taught at the University of California Berkeley, Stanford University, and Columbia University.
BEIJING, June 1 (Xinhua) -- China's central bank will push forward yuan settlement in cross-border trade and investment in the western Xinjiang Uygur Autonomous Region, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said Tuesday.Zhou said it was one of PBOC's important moves amid the central government's efforts to achieve leapfrog development and lasting stability in Xinjiang. However, he did not elaborate on the plan nor give a timetable.He said the PBOC would also support the development of small and medium-sized enterprises in Xinjiang.Chinese exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- are already allowed to settle cross-border trade deals in yuan.A PBOC report said last month that the country needs to expand yuan cross-border settlement when conditions allow.

SHANGHAI, May 9 (Xinhua) -- Chinese Vice Premier Hui Liangyu Sunday encouraged the country's meteorologists to improve weather forecasting ability to better serve the country's social and economic development.Weather forecasting is important in carrying out disaster relief, safeguarding people's life and property security, boosting social and economic development, and coping with global climate change, Hui said when visiting the MeteoWorld Pavilion in the 2010 Shanghai World Expo park.He urged meteorologists to resort to scientific innovation to constantly improve weather services.The MeteoWorld Pavilion, built with a white membrane structure, was jointly built by the United Nation's World Meteorological Organization and the China Meteorological Administration. It is the first independent meteorological pavilion in the World Expo history.Shanghai Party chief Yu Zhengsheng joined Hui in visiting the pavilion
TAIYUAN, May 15 (Xinhua) -- China's police chief urged local authorities to mobilize social forces to secure a safe environment for kids after a series of attacks on students over the past two months.Meng Jianzhu, minister of public security, made the call during his visit to kindergartens and primary schools in northern Shanxi Province from Thursday to Saturday.To protect the safety of children is the primary task of schools, but also a common responsibility of the whole society, Meng said, urging the mobilization of social forces to ensure security in kindergartens and schools. A policeman stands guard as pupils leave the school in Hanzhong City of northwest China's Shaanxi Province, May 14, 2010. A string of school attacks shocked China in recent weeks. Police have been ordered to beef up security at school compounds and nearby residential communitiesEfforts should be made especially to ensure security in schools in remote areas so that "every kid is safe when they are in school," Meng said.He also urged local officials to care for the needy groups.Brutal attacks on children over the last two months in China have left 17 killed and scores injured. In the latest atrocity, a 58-year-old man killed seven children and two women with a meat cleaver at a kindergarten in northwestern Shaanxi Province on May 12.
BEIJING, May 12 (Xinhua) -- The China-Arab Cooperation Forum has become an important platform to enhance collective dialogue and cooperation between China and the Arab world, said Chinese Foreign Minister Yang Jiechi here on Wednesday.Yang made the remarks in a meeting with his counterparts from Arab countries attending the fourth Ministerial Meeting of the China-Arab Cooperation Forum, scheduled on Thursday and Friday in north China's port city of Tianjin.Yang hailed the steady growth of China-Arab friendly cooperative ties based on the Five Principals of Peaceful Co-existence and features mutual trust, benefits and support.He said the two sides had set up more than ten cooperative mechanisms covering politics, economy, trade, culture and education since the China-Arab Cooperation Forum was launched six years ago.The upcoming ministerial meeting is an important one to push forward further development of the forum mechanism, he said."China is ready to join hands with the Arab side to boost new progress of our cooperation, in a bid to benefit the two peoples," said Yang.Participants attending the meeting include Somali Minister of Foreign Affairs Ali Jama Ahmed Jengeli, Jordanian Minister of Foreign Affairs Nasser Judeh, Lebanon Minister of Foreign Affairs Ali Shami, Mauritanian Minister of Foreign Affairs and Cooperation Naha Mint Mouknass, Libyan Secretary for Foreign Liaison and International Cooperation Mousa Kousa, Minister of Foreign Affairs Sheikh Abdullah Bin Zayed Al Nahyan of the United Arab Emirates and Secretary-General Amr Mahmoud Moussa of the League of Arab States.They told Yang the Arab countries highly values their relations with China, eyeing the up-coming meeting as a new start to further boost Arab-China cooperation in various areas.Foreign ministers and officials from China and 22 Arab states will attend the two-day meeting in Tianjin.
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