The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
Lucky Cement qualified for the Clean Development Mechanism (CDM) under the Kyoto Protocol of United Nations and earned precious carbon credits. CDM allows emission-reduction projects in developing countries to earn Certified Emission Reduction (CER) credits. These CERs or carbon credits can be traded and used by developing nations to finance …
Mexico City's sleek new public bus system is attracting significant international funding in carbon credit sales, part of the capital's ongoing effort to reduce pollution and green up its smoggy image. The government of this sprawling metropolis of 9 million recently announced that the first phase of its rapid transit …
The 17th Conference of Parties to the UN Framework Convention on Climate Change met in Durban in December 2011. Negotiations were heated and acrimonious, as the world desperately searched for new ways to avoid the toughest of questions—how to drastically reduce emissions to keep the world somewhat within safe levels …
Mexico City's sleek new public bus system is attracting significant international funding in carbon credit sales, part of the capital's ongoing effort to reduce pollution and green up its smoggy image. The government of this sprawling metropolis of 9 million recently announced that the first phase of its rapid transit …
Emission reduction certificate prices at record lows, reflect question marks on the climate change policy. To the surprise of the carbon trading market, prices of carbon emission reduction (CER) certificates traded on the Intercontinental Exchange have been sliding even after last week’s global deal on future emission reduction. CER prices …
The wait might get longer for Indian companies anticipating a rebound in carbon credit prices. A weak European economy coupled with an oversupply of carbon credits will keep carbon prices under check in the near term. This is despite the outcome at Durban climate talks, where the 17th Conference of …
Falling prices of carbon credits have scuttled the best-laid plans of private equity investors to make a fortune by selling them. Europe’s economic downturn coupled with low demand for emission compliance credits in the US and Asia and uncertainties over the continuation of Kyoto Protocol have resulted in a sharp …
SAIL, ONGC, Adani Power, Delhi Metro among gainers. The Indian industry has reasons to cheer the outcome of the just-concluded Durban climate change talks, which announced the extension of the UN carbon market beyond 2012. Private sector firms as well as public sector units such as SAIL, ONGC and even …
Hailing the outcome of crucial Durban talks, India Inc on Tuesday said the decision to continue with UN carbon market beyond 2012 would help companies to focus on “enhanced action” to fight climate change. Seen as a major victory for India and other developing countries, the European Union agreed to …
As world leaders assemble in Durban to chalk out a pragmatic solution to climate change, two experts from different parts of the world identify the problem, but differ on the philosophy of the solution. BW's Yashodhara Dasgupta spoke to former UNFCCC chief Yvo De Boer, who is KPMG's special global …
As Durban gets ready for ministerial deliberations at the climate change talks, the European Union is considering a range of options to ensure that global effort on tackling climate change doesn’t come to a standstill. The European Union came into the Durban climate talks saying that it would not sign …
China and Brazil have warned that one of the world’s biggest carbon markets will be under threat if wealthy countries reject their demands for a new phase of the Kyoto protocol. It is “inconceivable” that the $20bn UN-backed carbon offset market can continue unless countries agree to a second round …
The Clean Development Mechanism was supposed to ensure sustainable development in emissions trading. But instead, it has turned out to be an escape route for polluters.
Carbon prices under the European Union Emissions Trading Scheme have dropped dramatically this year and are widely expected to remain low for some time. Jay Maroo looks at the implications of this for the market as it approaches its third phase in 2013.
Climate change mitigation projects in developing countries have the potential for significant negative impacts on land users. In particular, land users with socially legitimate but informal tenure that is not recorded using a statutory process are at risk of exploitation from the powerful elite. A detailed understanding of de facto …
Scientific evidence suggests that increasing amounts of carbon in the atmosphere are causing climate change that will result in global warming, sea -level rise and more extreme weather events. In response to anthropogenic climate change, market-based mechanisms have been proposed to mitigate these rising carbon dioxide emissions. One of these …
Indian policies and rules, while not perfect, have some important safeguards and recognition for informal sector recyclers, particularly wastepickers. However, municipalities, urban policy makers, and private companies ignore them while conducting business in solid waste management. In so doing, they bypass the environment and the poor. They disrupt a chain …
The objective of this tool is to inform and capacitate local government officials so as to assist them in initiating, developing and managing Clean Development Mechanism and Verified Emission Reduction projects within their cities, towns or regions. There are a number of key areas of local government competencies that city …
This briefing report highlights some of the key research and guidelines on calculating reservoir emissions from specific and regional projects. It starts with an assessment of how key institutions measure greenhouse gases, then looks at key advancements in research since 2007, and concludes with an assessment of areas where further …
