Clean Development Mechanism (CDM)

State of the Climate in Asia 2024

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 …

Indian cos in carbon trade to take a hit

Declining prices of carbon credits along with the lower probability of Annex 1 or developed countries agreeing to binding commitments after the expiry of first commitment period of the Kyoto Protocol in 2012 may hit the revenues of companies like SRF, ONGC, Navin Fluorine and Chemplast Sanmar, among others, which …

NGOs lament lack of clarity

While the U.S. and other developed countries refused to be drawn into compensation of loss and damage, non-governmental organisations are clear that with the adaptation fund not attracting enough funds, this was one issue that needed urgent attention. Harjeet Singh of ActionAid International said that developed countries like the U.S. …

Carbon Credit Market May Collapse Soon

The reluctance of industrialised countries to accept binding emission targets will dry up demand for carbon credits and reduce their prices further, experts said at the climate talks in Doha, where 200 countries are trying to negotiate an agreement on climate issues. Russia, Japan, New Zealand have made it clear …

Doha’s second chance

Agreeing to a second commitment period without meaningful rules is pointless. Emission cuts must be ambitious The 18th Conference of Parties (COP) to the United Nations Framework Convention on Climate Change began last Monday in Doha. This is an important “transitional” COP towards a brand new agreement that promises to …

Closing the emissions gap: time to phase out HFCs

A report to the 18th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change. Hydrofluorocarbons (HFCs) are man-made fluorinated gases (F-gases) developed and commercialised to replace CFCs, HCFCs and other chemicals that deplete the ozone layer. Unlike CFCs and HCFCs, HFCs do not …

Performance audit of environment management in Indian railways

This Report (No. 21 of 2012-13- Performance Audit for the year ended 31 March 2011) has been prepared for submission to the President under Article 151 (1) of the Constitution of India. The report contains results of the review of Environment Management in Indian Railways – Stations, Trains and Tracks. …

Performance audit of environment management in Indian railways

Indian railways is yet to finalise the technology for 'green toilets', despite two decades of experimentation says this CAG audit of the sector on managing environmental risks. This Report (No. 21 of 2012-13- Performance Audit for the year ended 31 March 2011) has been prepared for submission to the President …

Plugging the energy efficiency gap with climate finance

This report examines the current role of climate finance in funding EE projects and the potential to channel funds to relevant EE projects in developing countries under the new Green Climate Fund (GCF). The objectives of the report are to examine: the share of climate finance currently being channelled to …

Climate change talks: Has India Inc lost hope?

Nearly 200 countries meet in Doha for annual talks, that began yesterday, on checking global warming. Here is a snapshot of what happened in Doha on Day 1, and what the domestic industry thinks about the global talks. Even as negotiators start discussions and deliberations in Doha to come up …

Global warming fails to hot up a cooling carbon credits market

After a prolonged slide, the price of each well below a euro, a 95% fall in 4 years, with no relief in sight With the price of carbon credits continuing to slide in the global markets and the first commitment period for the Clean Development Mechanism (CDM, under which carbon …

Standardized baselines for the CDM: are we on the right track?

For a long time, the Clean Development Mechanism (CDM) has been criticized for its cumbersome procedures and risks of weak environmental integrity. As a potential solution to both of these shortcomings, the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) called for the use of “standardized baselines” …

Waste plant eats into ragpickers’ share

Daily Earning Dips To 100-200 As Okhla Project Uses Up 1,300 Tonnes Tehreen Nisha has spent her early years watching people sort the waste at the Okhla landfill site every day. About 150 families of ragpickers living on the periphery of Tughlaqabad village depend on waste from this site for …

U.N. calls in contractors to help clear CDM backlog

The U.N. has called in more than 40 contractors and shifted internal resources to help it unclog a bottleneck of requests from companies seeking carbon credits, officials at the body's climate secretariat said on Tuesday. As of August, the U.N. was taking an average of 30 days to start processing …

MRV challenges of integrating national initiatives into international mechanisms: a case of perform, achieve and trade mechanism in India

This paper explores the possibility of linkages between the PAT scheme and the bilateral carbon offset mechanism proposed by the Government of Japan. It is well established that linking a domestic program with any international mechanism requires it to demonstrate efficient institutional structure for monitoring and verification. Considering the fact …

The politics of climate change in India: narratives of equity and co‐benefits

India occupies an intriguing dual position in global climate politics – a poor and developing economy with low levels of historical and per capita emissions, and a large and rapidly growing economy with rising emissions. Indian climate politics has substantially been shaped around the first perspective, and increasingly, under international …

Renewable technology transfer to Developing Countries: one size does not fit all

Developing countries are experiencing unprecedented levels of economic growth. As a result, they will be responsible for most of the future growth in energy demand and greenhouse gas emissions. The development, transfer and use of renewable energy technologies are promising ways towards low-carbon development in these countries. However, the UNFCCC …

Leveraging the landscape: state of the forest carbon markets 2012

The report, which aggregates data from 415 individual forest carbon projects historically, was published by Forest Trends’ Ecosystem Marketplace, a world-leading provider of news, data and analytics on environmental markets and investments in conservation. The report examines a variety of strategies for injecting financial resources into projects that save or …

Market mechanisms - from CDM towards a global carbon market

The establishment of the Clean Development Mechanism has been one of the successes of the Kyoto Protocol. It has helped to build experience, capacity and comfort with the use of market mechanisms to reduce emissions. This will be useful when implementing future market mechanisms. This study looks into the principles …

Benefits of the clean development mechanism 2012

United Nations Climate Change Secretariat has analysed aspects of CDM project activities and reported on the levels and types of benefits the CDM has provided. Expanding on the study in 2011, this report analyses approximately 4,000 registered CDM projects (excluding programmes of activities) according to four topics: sustainable development, technology …

EU likely to exceed Kyoto carbon-cut target

European Union governments will probably reduce emissions outside the bloc’s carbon market by 8.8 per cent more than required under the 1997 Kyoto Protocol, according to projections published today on an EU website. The oversupply of reductions among the 15 older members of the bloc will amount to 1.03 billion …

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