CBI creates linkages among municipalities, corporations and sources of investment capital which have been encouraged to develop CDM projects by the National Development and Reform Commission, an agency of the Central Government of the PRC. CBI has signed agreements with the NDRC referencing CDM projects. Such agreements foster security and enhance cooperation on the part of the linked participants in our projects.
CBI is a direct investor in projects in the southern region of the PRC, and propose to be traders of the CERS arising from these projects on the ECX (european carbon exchange) and privately. We have close relationships with brokers of these instruments who can provide a source of customers. If as and when the United States either becomes a signatory to the successor to the Kyoto protols, or, develops its own 'cap and trade' system to reduce emissions of GGs to reduce Green House Gas, CBI will be able to fulfill the need for CERs or equivalent instuments from our projects in the PRC.
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