- WEB EXCLUSIVE
- PE COFFEEHAUS
Cemtrex Inc. has announced plans to seek air pollution control projects in China to help that nation fulfill its Kyoto Treaty promises. The company is making use of the Clean Development Mechanism (CDM) program within the treaty, which allows industrialized countries to invest in emissions reducing projects in developing countries in lieu of more expensive reductions at home.
“As of May 2006, China has only seven projects registered with the CDM Executive Board, out of a total of 150 registered projects worldwide,” said Aron Govil, president & CEO of Cemtrex. “We plan to pursue CDM projects in coal-bed methane technology, reduction of CO2 emissions from coal-fired utility boilers, and renewable energy diversification.”
The Chinese government ratified their participation in the Kyoto Protocol, as defined in the document, in 2002 and has since been developing and defining programs to reduce carbon emissions. China’s State Development and Planning Commission, Ministry of Science and Technology, State Economic and Trade Commission, and Ministry of Foreign Affairs have spelled out draft guidelines for a national CDM management office.