The global cost of disasters is growing: The economic burden of disasters is intensifying. While the direct costs of disasters averaged $70–80 billion a year between 1970 and 2000, between 2001 and 2020 these annual costs grew significantly to $180–200 billion. But the real cost is far higher. Disaster costs …
The only serious and viable approach for engaging developing countries in global efforts to tame global warming is one that aligns with their own core interests. Those interests are complex, but in general these countries put a high priority on economic development and energy security. Exploiting synergies between climate change …
Virendra Pandit The United Nations Framework for Convention on Climate Change (UNFCCC) has certified the coal-based thermal power project of Adani Power Ltd (APL) at Mundra, Gujarat, as the first Clean Development Mechanism (CDM) project in the world. APL's first super-critical technology-based upcoming project at Mundra has got this distinction …
Climate change is the newest, fastest way to make money. For corporate India, as also for much of the industrialised world, global warming is bringing in cash like never before, and throwing up novel opportunities to make more, all in the name of reducing emission of dirty greenhouse gases (GHG). …
Despite the Copenhagen chill, there are heart-warming tidings for the Punjab industrialists running green projects or planning to set up one. The state government plans to start a consultancy to offer services on no-profit-no-loss basis to companies intending to gain from carbon credits. Executive Director of the Punjab State Council …
Rajesh Bhayani / Mumbai December 15, 2009, 0:41 IST India Inc sells a third of carbon credits to middlemen at low rates. This is yet another case of middlemen making hay while the sun shines. India may be the second largest country after China in terms of carbon credit generation, …
Leslie D'Monte / New Delhi December 11, 2009, 0:44 IST The Indian government has approved more than 1,400 projects as part of the Clean Development Mechanism (CDM) that could attract around $6 billion(Rs 28,000 crore) into the country by 2012 through sale of Certified Emission Reduction (CER) certificates, according to …
Viveat Susan Pinto / Mumbai December 10, 2009, 0:49 IST As governments debate ways to reduce carbon emission levels at the climate change summit in Copenhagen, some fast moving consumer goods (FMCG) companies are doing their bit to rein in carbon footprints. FMCG players can reduce carbon emission at two …
HARDEV SANOTRA Financial Chronicle The UN clean development mechanism (CDM) needs a better regulatory framework and a more streamlined decision-making if the system is to be scaled up, according to the World Bank. The CDM set up under the Kyoto Protocoal encourages private sector investment in projects in developing countries …
Since the inception of the cap and trade model under the Kyoto Protocol, many environmentalists have argued it will do little to cut emissions, but will instead give companies permission to pollute while generating lucrative trading fees for the banks that trade the government-issued allowances which form the backbone of …
Q&A;: Jairam Ramesh, Minister for Environment and Forests Leslie D'Monte & Kirtika Suneja / New Delhi December 5, 2009, 0:15 IST Jairam RameshAhead of the climate change talks in Copenhagen, Environment and Forests Minister Jairam Ramesh clarified India
The fast growth of Clean Development Mechanism (CDM)and its positive and negative attributes have been well documented. Recent years have witnessed explosive growth of the CDM. The number of CDM projects for validation and registration has grown exponentially and developing countries (so called non-Annex I countries) becoming involved in the …
The clean development mechanism (CDM) of the Kyoto Protocol is designed not only to mitigate greenhouse gas emissions (GHG) but also to contribute locally to sustainable development. As a market-based mechanism, CDM has the potential to channel private investments into development activities with economic, social, and environmental benefits. Unfortunately, investments …
THE UNITED Nations climate change conference at Copenhagen next month is meant to further the goals of a global environmental treaty -- the United Nations Framework Convention on Climate Change (UNFCCC). In 1988, a resolution of the UN General Assembly considered the climate change matter as a "common concern for …
Debate Rages On Post 2012 Scenario Mumbai: As the world takes cautious steps towards the Copenhagen climate summit, a debate on what the post-2012 scenario could possibly look like for the Indian carbon industry has started to rage. What would be the prospective market and pricing of carbon credits post-2012 …
New Delhi: Majority of people want a robust climate change agreement in Copenhagen in December. The study commissioned by HSBC Climate Partnership said 65% people believe that it is important to have a climate change agreement. The corresponding figure for India stands at 62%. The study covered 12 countries and …
Rs 58-cr project expected to reduce emission. Mony K. Mathew Kozhikode, Oct.20 The Kerala State Electricity Board (KSEB) has come up with a proposal to set up a small hydro-electric project under the Clean Development Mechanism (CDM) scheme of the United Nations Framework Convention on Climate Change (UNFCCC). The project, …
Joe C Mathew / New Delhi September 11, 2009, 0:36 IST Expectations of a price rise, small project size act as inhibitors Although India is the second largest generator of environment-friendly projects, domestic firms, public and private, are shying away from maximising the monetary benefits derived from such carbon emission …
