British Sindicatum Carbon Capital (SCC) and northeast China's Jilin Province are considering to launch CDM projects concerning garbage disposal.

The cooperation would cover sanitary refuse treatment and Clean Development Mechanism projects development that generates carbon credits, according to Mark Dembitz, vice president of SCC's Beijing office.

London-based SCC, a global financier and developer of green house gas abatement projects, signed a memorandum of understanding about the cooperation with the development and reform commission of Jilin here Wednesday at the ongoing Northeast Asia Investment and Trade Expo.

The initiative may need a total of US$300 million, but the actual amount of investment is still yet to be decided, said Dembitz.

CDM, an arrangement under the Kyoto Protocol, allows industrialized countries with a greenhouse gas reduction commitment to invest in projects that reduce emissions in developing countries as an alternative to more expensive emission reductions in their own countries.

China's ongoing program of rejuvenating its old industrial base in the northeast is of great significance to the overall economic development, said Dembitz.

He especially appreciated the region's efforts in protecting the environment while pursuing economic growth.

The last three years has seen dramatic economic development in the northeast, a 1.45-million-square-km area comprising the provinces of Liaoning, Jilin, Heilongjiang and the eastern part of Inner Mongolia Autonomous Region, which caught up with the national average, according to a senior official with the National Development and Reform Commission.

(Xinhua News Agency September 7, 2007)