The National Center For Sustainable Development has initiated a commitment to launch the China-U.S. Low Carbon Development Cooperation Program.

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According to officials, on November 10, the Board of Trustees of the NCSD welcomed Chen Huan, Deputy Director General of the China CDM Fund Management Center, Ministry of Finance of China and Dr. Wen Gang, Deputy Director of Research and Development Department of the CDMF, to join in guiding and managing the Program.

NCSD maintains that, "the lack of appropriate financing tools, both market-based mechanisms and financial instruments, hinder new technologies from deployment in the marketplace related to energy savings, energy efficiency, renewable energy and other kinds of climate-friendly actions," said NCSD President Mitchell Stanley.

As a cornerstone to the announcement, the National Center for Sustainable Development is preparing to launch a series of studies on comparative China-U.S. policies, as well as financial market mechanisms and instruments to examine the cost effectiveness of meeting the investment demand that will be required to approach and achieve sustainable investment in and progress for low carbon fake rolex development.

"A collaboration between the world's big producers of carbon emissions, China and the U.S., will create an environment where low carbon, clean-energy technologies and investments can thrive," said Damian Omar Valdez, President of Evolution Capital Management, Inc., one of the founding partners of the China-U.S. Low Carbon Development Cooperation Program and a Trustee of the NCSD. "While the Chinese and US governments, along with private investors, are pursuing all sorts of low carbon, clean-energy technologies, and financial market mechanisms, they cannot achieve separately what they could jointly with advances in low carbon, clean-energy technologies and innovative approaches to green finance, that deliver benefits for the whole world," added Valdez.

"The time for this work has never been more urgent," said Mitchell Stanley, President of the NCSD. "The NCSD works at the intersection of today's global opportunity of shifting to sustainable development: for the benefit of America's economic and job generating future all in the context of environmental responsibility. The low carbon future is prosperous: bright and green."

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"China CDM Fund was created by Government of China and will act as an innovative financial and action mechanism for addressing climate change. It is an unprecedented case in the world and shows great importance to international cooperation. Working with global partners, the China CDM Fund Management Center will promote Chinese policies and actions on climate change in the world, and meanwhile, introduce advanced development concepts, approaches and technologies into China for its better and faster development. Jointly establishing the China-U.S. Low Carbon Development Cooperation Program with the National Center for Sustainable Development will serve this purpose," said Chen Huan, Deputy Director General, CDMF.

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