DPRK Business Monthly: Volume II, Issue 2, March 2011
International DPRK Offering Carbon Credits
- Objective: North Korea aims to earn hard currency through the sale of UN-backed carbon offsets from hydropower projects.
- Process: These offsets are part of the Clean Development Mechanism (CDM), allowing developing countries like North Korea to earn tradable carbon credits for emissions reductions from clean-energy projects.
- Initiator: The Hanns Seidel Foundation of Germany is acting as a mediator between the DPRK government and UN-approved verification agency TUV Nord.
- First Attempt: North Korea seeks approval for three hydro power plants, each around 7-8 megawatts in capacity.
- Verification: TUV Nord intends to verify hydropower dams in North Korea post-pre-registration with UNFCCC via its Beijing branch.
DPRK's Interest in Biomass Power Generation
- Inclusion: North Korea shows interest in biomass power generation projects under the CDM.
- Requirements: Public disclosure of energy consumption, generation data, and energy linked to hydro projects will be necessary upon approval.
Energy Challenges and Opportunities
- Power Shortages: Persistent power shortages in North Korea due to US and UN embargoes.
- Opportunity for International Engagement: Potential for international collaboration and investment in energy projects.
North Korean Bureau Request
- Initiative: The Associated Press (AP) has requested permission to open a bureau in Pyongyang.
- Purpose: To provide an objective and truthful depiction of events in North Korea.
Delegation to the US
- Objective: A 12-member delegation visits the US to study Western economic theories and systems.
- Purpose: Exploration of economic cooperation possibilities with the US.
US Approval of North Korean Beer Import
- Authorization: The US government has authorized the import of North Korean beer.
- Market Entry: The first batch is expected to be available this summer.
China's Use of Rason Port
- Transportation: China has used North Korea's Rason port to transport coal from Jilin Province to major coastal cities.
- Logistical Benefits: Reduces costs and distance compared to previous overland routes.
DPRK Economic Delegation in New York
- Context: Occurring amidst discussions on potential US food aid and former President Jimmy Carter's diplomatic efforts.
- Activities: Expected to include seminars, visits to media firms, and Wall Street.
Demystifying Work in North Korea
- Overview: Provides insights into the operations and challenges of conducting business in North Korea, highlighting recent developments and opportunities.