On 25 June 2008, CPI Carbon Asset Management Company Limited was unveiled in Beijing. As a state-owned company, CPI has been actively utilizing Clean Development Mechanism (CDM) to get compensation through carbon trade with developed countries so as to improve project feasibility.
So far, CPI CDM Development Center, the predecessor of the Company, has carried out CDM and VER development for nearly 50 projects in 20 provinces, including hydropower, wind power, biomass, solar energy, USC thermal power and so on in power, metallurgy and energy sectors. It has signed carbon sales agreements with many foreign government agencies, financial institutions and energy companies with 17 million tons of CO2 in total.
After its establishment, the Company will make greater efforts to promote clean energy development and emission reduction of CPI and related companies so as to contribute to fostering of environmentally friendly and resource-saving companies and enhancement of sustainable development capacity.