The United Nations said its Clean Development Mechanism (CDM) is growing steadily, having registered 3,000 carbon cutting energy projects to date. Under the CDM, firms invest in projects that reduce climate-warming emissions in developing nations and receive credits called certified emissions reductions (CERs) in return. The scheme began in 2005 …
The Renewable Energy Policy intends to provide the necessary direction for the promotion and development of Renewable Energy that not only contribute in meeting the current requirements but also shape future energy security options for Bhutan. This RE Policy is aimed to contribute for the sustainable development and conservation of …
The Cancun Agreement1 carries REDD+ firmly forward as a keycomponent of the post-2012 international climate change regimeby describing its main elements and operationalizing its initialphase. Before Cancun, many details of REDD+ were unclear, particularly concerning the issues of most importance to forest dependent people. There is now agreement that a …
Why doesn’t carbon trading work? The basic argument for carbon trade is that since global warming is a worldwide phenomenon it does not matter where the emissions are reduced. But it creates pollution hotspots. If the larger energy crisis underlying the problem is to be addressed, the entire energy system—how …
NOTHING characterized the stalemate at Bonn climate talks more than the candid admission by incoming executive secretary of the UN Framework Convention on Climate Change. Christiana Figueres of Costa Rica, in an informal chat with media, said she did not think a complete climate deal could be reached in her …
This paper critically examines the clean development mechanism (CDM) established under Article 12 of the Kyoto Protocol in terms of its effectiveness as a vehicle for technology transfer to developing countries, a specific commitment under the UNFCCC. Fundamentally, the paper poses the question of whether technology transfer as part of …
Vishwanath Kulkarni Notwithstanding uncertainty in the global carbon trade, consulting and advisory firms such as Emergent Ventures, Ernst & Young and GTZ, are beginning to see a revival of interest from Indian companies to earn and sell carbon credits. The carbon market is in a state of flux post Copenhagen …
The Ministry of Power (MOP) and Bureau of Energy Efficiency (BEE) were tasked to prepare the implementation plan for the National Mission on Enhanced Energy Efficiency (NMEEE). NMEEE spelt out the following four new initiatives to enhance energy efficiency, in addition to the programmes on energy efficiency being pursued by …
Government of India is designing National Mission on Enhanced Energy Efficiency (NMEEE), which is one out of eight missions planned under the National Action Plan on Climate Change. This note presents a short overview of the planned actions. Please note, that this document cannot include all the details of the …
Not so long ago, an Indian company selling carbon credits had a cache of glamour that business-as-usual competitors could only envy. Not any more. By the look of things, if you are planning to enter the carbon credit market, be prepared for 60 months of hair-raising suspense. The nub of …
India was probably the first country in the world to have a non-conventional energy ministry. It began as a commission of additional sources of energy in the department of science & technology way back in 1981. Next year, it got incorporated in a new department of non-conventional energy sources in …
The Green Ventures Carbon Fund has tied up with a few major European financial partners and are actively looking for Indian strategic partners and project developers either for carbon credits or to jointly set up environment friendly projects. Though names of the partners was not revealed, Green Ventures India MD …
Expanding the number of carbon credit projects under the United Nations clean development mechanism and streamlining its regulation are key priorities for the coming year, said Rajesh Kumar Sethi, the new chairman of the CDM Executive Board of UN Framework Convention on Climate Change. The Executive Board is the de …
World and we are taking steps to make it happen. The Montreal Climate Exchange should be activated this year. Besides, we have indicated very publicly our intention to provide exchange services, standardisation, low transaction costs and price transparency in any environment. What is the nature of your tie-up with the …
Leading power equipment manufacturer, OSRAM, on Thursday announced that it had joined hands with the largest German power generation company RWE to launch their first energy efficiency project in India based on the Kyoto Protocol guidelines at a cost of 150 million Euros. Under the programme, high-quality OSRAM energy-saving lamps …
ONGC is collaborating with Norway's StatoilHydro on carbon management projects WHILE MOST OIL companies avoid speaking of climate change, India's ONGC has taken the issue head on. The oil and gas giant has signed an agreement with Norway's StatoilHydro to explore carbon capture and sequestration (CCS), clean development mechanism (CDM) …
The potential of CDM projects to attract foreign capital and technology and fetch foreign exchange is enormous... Sanjay Kapadia & Kailash Anerao INDIA and China are dominant players in the global carbon market today. As far as India is concerned, one-third of the total Clean Development Mechanism (CDM) projects registered …
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has launched a clean development mechanism (CDM) project at its manufacturing plant in Taloja. The project will address concerns on global warming, by reducing green house gas emission. The project will be implemented within six months. - Our Bureau
For better or worse, free-market environmentalism is gaining credence in the country. And the latest singing hosannas to the idea is one of India's largest conglomerates, the Tata group. It is putting into place a plan to measure its carbon footprint, reduce greenhouse gas (GHG) emissions and figure out how …
Global carbon trading has gained momentum. The Worldwatch Institute, drawing from various studies, places the total value of the trade in 2007 at $59.2 billion, an 80 per cent increase over 2006. As the 2012 deadline for reducing emission levels approaches, the volume of carbon trading will be enormous. Asian …
