Good Morning!Namaskar for every one on the board.Can we share the concept of Carbon Footprints,Carbon Credit etc....
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Good Morning!Namaskar for every one on the board.Can we share the concept of Carbon Footprints,Carbon Credit etc....
You need to be a member of Paryavaran.com- Indian Environment Network to add comments!
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Abhijit Patil good one dear realy good one. all facts and no around the bush business.
Thanks all for sharing valuable information. I would like to know how carbon credit is calculated in mining industry? Please share......
Kamal,great...pls can u gice me more insight on carbon credit trading,how they cane b sold? etc...
Kamal Chetri said:
“Post 2012″ strikes fear in carbon market players
No pun intended but for the world’s carbon community, times are looking a little black.
The global financial crisis, or GFC as it is being called this week during Australia’s largest ever carbon market gathering, is deeply troubling many participants. But a larger, more worrying issue remains “post 2012″.
This is when the Clean Development Mechanism under the current phase of the U.N. Kyoto Protocol runs out, along with the hundreds of CDM projects already approved and the 3,000 still awaiting approval by a U.N. board.
U.N. talks at the end of next year aim to agree on a broader replacement for Kyoto from 2013 and market players are hoping those talks don’t fail. Already there are fears that some rich nations will use the financial crisis as an excuse to say now is not the time to be negotiating tougher emissions curbs that might hurt industry and cost jobs.
“The volume of primary CDM activity is declining. Every month virtually this year, the number of new CDM transactions has been in decline. And that’s because the 2012 deadline is approaching and we’re running out of runway,” said Paul Bodnar, Manager of Carbon Markets at London-based Climate Change Capital.
In China, the largest source of Kyoto offsets called CERs, the number of projects there are in decline, just as they are elsewhere, said Alex Wyatt, director of Emissions Zero, which helps Chinese entities to become carbon neutral.
“If you wanted to put it on a scale, the financial crisis and the post-2012 uncertainty, many times more significant is the post-2012 uncertainty. If you know what’s going on past 2012 you can invest with a much longer-term horizon,” he told Reuters on the sidelines of the conference on the Gold Coast in Queensland state.
A lot of people are still taking the risk to invest in CDM projects, said Wyatt, whose company has about 130 projects in China, many of them focused on renewable energy.
“But the willingness to do so is decreased. You see it now. People are investing a lot more in short-term projects that will only take a year or so to build.”
He said the financial market had yet to affect CDM project development in China.
“It’s too early to see any real effects. Projects take a long time. But if there are any effects, they will be seen in a few months.”
“The impact on the VER market is a lot more direct in the sense that a VER is like any retail good. It’s discretionary spending,” he said, referring to verified emission reductions, which must meet firm standards but are outside the Kyoto Protocol
Courtesy : reuters
Good information shared by all. I am learning.
thanks...any more info.pls share.
Kamal Chetri said:
India urges boycott of EU carbon credit scheme
India will urge its airlines to boycott the European Union's carbon charge scheme, raising the prospect of a global trade war over a law requiring flights in and out of Europe to pay for their greenhouse gas emissions.
A senior Indian government official told the Reuters news agency that India would soon ask local airlines not to buy carbon credits from or share emissions data with the EU, which says other countries are not doing enough to tackle this source of greenhouse gases.
China said in February its airlines were barred from participating in the EU Emissions Trading Scheme (ETS) unless they got government approval. Beijing has also suspended the purchase of $14 billion worth of jets from European maker Airbus.
India does not yet plan to ask airlines to cancel Airbus purchases, but that is possible if the dispute escalates, said the Indian official, who has direct knowledge of talks between the EU and other countries on the issue.
If the European Commission then stopped Indian airlines from flying to Europe, India would retaliate with similar moves and consider charging an "unreasonable" amount for flying over India, the official said on Monday.
The European Commission's climate spokesman Isaac Valero-Ladron said: "We will modify our legislation when there's an ambitious global agreement in force." The EU law obliging all airlines to buy carbon permits to offset their emissions took effect from Jan. 1, but no-one will receive a bill until April next year, after the amount of emissions has been calculated.
Tony Tyler, head of the International Air Travel Association, said the last thing the industry wanted was a trade war, but Europe needed to give some ground. "They're going to have to show some willingness to make concessions, otherwise it's not a negotiation ... What we've seen in recent weeks is a hardening of attitudes around the world on this issue," he said.
The Kyoto Protocol provides three mechanisms to help countries meet their GHG (Greenhouse Gas) emissions targets:
The protocol provides for developed countries commitment to quantitative emission reduction targets, while developing countries with the opportunity of their participation to mitigate emissions through the CDM. The efforts put in by the projects to reduce GHG emissions have the potential to qualify as CDM project activity and earn CERs (Certified Emission Reductions) or popularly known as Carbon Credits. These CERs can be traded and sold, and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol.
Carbon Credits Scenario
Carbon Credits allows the entities to reduce the GHG emissions they are responsible for, by offsetting, reducing or displacing the GHG in another place, typically where it is more economical to do so.
India has generated approximately 30 Million carbon credits and approximately 140 million in run, the second highest transacted volumes in the world. India’s carbon market is growing faster than even information technology, bio technology and BPO sectors as 850 projects with a huge investment of Rs 650,000 million are in pipeline. As per the Prime Minister's Council on Climate Change, the revenue from 200 projects is estimated at Rs. 97 billion till 2012.
India has been able to register approximately 350 projects spread across various sectors with major dominance of renewable energy, energy efficiency and biomass energy projects.
Carbon, like any other commodity, has begun to be traded on India's Multi Commodity Exchange and has become first exchange in Asia to trade carbon credits
Please check Durban protocol for recent updates.
i would like to know how company reduce their carbon footprints. at first, it would be very kind to share information on how companies calculate their carbon footprint. let me know abt that..
Carbon Footprint - The amount of energy used in terms of carbon used for the production of a material or a activity done.
Carbon Credit - If ur able to do the same work with out the use of carbon then ur eligible for carbon credit. Basically a subsidy given for displacing the energy created by fossil fuels.
Carbon credit is mainly given to renewable energy.
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