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Energy Conservation and Emission Reduction

Overview

As a leading advisory consulting institution specializing in the field of Energy Conservation and Emission Reduction, Hanergy engaged in dedicated itself to this field as early as 2005 and later incorporated Hanergy Emission Reduction and Service Group in February, 2012. The group has become an influential player at this field, with Clean Development Mechanism (CDM) consulting service as its core business along with carbon trading, Voluntary Carbon Market (VCM) and investment in emission-reduction projects.
As one of the first consulting institution engaging in CDM and VCM in China, Hanergy has over 70 projects approved by Chinese DNA (Designated National Authority) - National Development and Reform Commission (NDRC) and more than 60 projects registered with CDM Excutive Board (CDM EB) under United Nations Framework Convention on Climate Change (UNFCCC). In terms of VCM market, Hanergy successfully developed a number of projects, six of which have been issued VCUs (Verified Carbon Units) / VERs (Verified Emission Reductions), achieving millions of dDollars profit for the pProject oOwners.
On June 18thth, 2013, at the opening ceremony of Shenzhen Eemissions Ttrading Sscheme, the first of seven pilot markets to launch in China, Hanergy hammered the first deal in the Chinese carbon market by purchasing 10,000 tons of emission permits.
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