The pace of sector enrollment depends on two factors - the progress of CBAM and China's economic outlook, Neo Lin, Co-founder and CEO of Beijing-based carbon project developer QYH, said at the conference. SEEE is the exchange that hosts the trading platform of China's national ETS.īesides aluminum and cement, iron and steel are also likely to be among the next batch of ETS participants, impacted by CBAM, the EU's carbon tariff on emission-intensive imports, Luyue Tan, Senior Carbon Analyst at Refinitiv, said at the Carbon Forward Asia 2023 conference in Singapore in early May. "We will facilitate non-ferrous metals and building materials to be enrolled into the national ETS as soon as possible," Lai Xiaoming, chairman of the Shanghai Environment and Energy Exchange or SEEE, said at China's first Carbon Finance Forum conference held in Shanghai this April. The expansion comes after a stagnant year when the decarbonization agenda was in limbo due to COVID restrictions, energy security concerns and power sector losses amid soaring fuel prices. The new sectors will further expand China's ETS, which currently covers only the power sector and is already the world's largest by volume of emissions covered at over 4 billion mtCO2e/year. The trend also underscores how increasingly global and interconnected carbon regulations are expected to drive the design of local carbon market policies in several countries, laying the foundation for the cross-border trading of credits and offsets as envisioned under the Article 6. While the inclusion of some of these sectors was already in the pipeline, the recent approval of CBAM regulations by Europe has added a sense of urgency. Through Learning Factory’s support, our team can provide clients an opportunity to engage with the Penn State College of Engineering across most engineering disciplines including, but not limited to, computer science and engineering, biomedical, mechanical, electrical, material science, energy, chemical, and industrial engineering.Ĭontact us to learn how your business can collaborate with the Learning Factory by sponsoring a team project.Receive daily email alerts, subscriber notes & personalize your experience. This partnership aligns with President Barron’s imperatives to create unique opportunities for student engagement, entrepreneurship, and economic development. Through this program, we were able to partner with the Learning Factory to provide needed technical assistance to help move company ideas forward through design, proof-of-concept, and prototype assistance. Our partnership with the Learning Factory began in 2014 as part of the Pennsylvania Department of Community and Economic Development (PA DCED) “Discovered in PA, Developed in PA” (D2PA) program. Over the years, these engineering design capstone projects have provided proof-of-concept and prototype designs that have made a significant impact across the commonwealth. These projects, scoped and presented by business sponsors, allow students to practically design or improve an idea that a business may not have the resources or manpower to tackle. We provide businesses and organizations across the state of Pennsylvania opportunities to engage with engineering students through Learning Factory projects. The Learning Factory provides Penn State undergraduate engineering students the opportunity to tackle real-world problems utilizing classroom engineering design knowledge and tools.
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