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 …
This report provides a review of the active UNDP-GEF wind energy portfolio. It looks at the design, costs and efficiency of existing projects, drawing on the experience of 14 wind energy projects that have been financed through UNDP to help national governments implement wind energy public policies. It includes a …
It is well known that certain naturally occurring trace gases in our atmosphere trap radiant heat from the sun and give rise to the greenhouse effect. In the post-industrialisation era, some manmade greenhouse gases are being added to the atmosphere and are contributing to enhanced greenhouse gas effect or global …
By improving energy efficiency - using less energy to perform the same tasks - global ener- gy demand could be reduced by 12 per cent by 2030, saving $766 billion in building new energy infrastructure. For every $1 invested in improving energy efficiency, we would save more than $2 in …
CLIMATE change is "the greatest market failure the world has ever seen". That is the view of no less an authority than Nicholas Stern, former chief economist at the World Bank, and he has a point. As long as the market exacts no penalties from companies or industries that emit …
There's little doubt that free-market capitalism helped to get us into the mess we're in. As Nicholas Stern, former chief economist at the World Bank, puts it: climate change is "the greatest market failure the world has ever seen". The question now is whether capitalism is able to make amends. …
Speakers at a workshop called for taking up projects to reduce greenhouse gas emissions under the Clean Development Mechanism (CDM), which would also help sustainable development of the country. The CDM is an arrangement under the Kyoto Protocol allowing developed countries, which emit most greenhouse gases, to invest in projects …
These are the best of times; these are the worst of times. Charles Dickens' famous words describe the present state of European Union-Russia relations perfectly. There has never been as much trade and business between Europe and Russia. Yet political tension has not been this intense since the days of …
National commodity and derivatives exchange Ltd. will launch futures contract for certified emission reduction (CERs) on April 10, 2008. NCDEX is the first exchange in any of the developing countries of the world to launch a futures contract for carbon credit issued under the United Nations Framework Convention on Climate …
The budding carbon-offsets market could already be on its last legs, industry representatives say, if the latest European proposals are agreed. European negotiators went into a United Nations climate meeting in Bangkok this week warning developing countries that they need to step up to the challenge of climate change if …
Global warming is one of the most devastating problems of the new millennium. The Kyoto Protocol is the first step towards an international strategy to limit greenhouse gas emissions which in turn helps to mitigate the global climate change. A decision was made in Marrakech Conference of Parties (2001), to …
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 …
It Is not immediately obvious what role financial markets can play in addressing climate change. Climate change happens slowly and has a global impact on the physical environment, whereas financial markets react to news in fractions of a second and are almost liberated from specific physical locations. the low energy …
This report discusses the role of the voluntary carbon offset market and provides an overview and guide to the most important currently available voluntary carbon offset standards using the Clean Development Mechanism (CDM) as a benchmark. Carbon offset markets have been promoted as an important part of the solution to …
