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 …
This study sought to identify the initial impact that C&S; might have on the USA, based on a set of limiting assumptions. In particular, it attempts to quantify the immediate impact
Mumbai The closure of the 25-year-old dumping ground at Gorai creek in Borivli has earned the Brihanmumbai Municipal Corporation Rs 27 crore by trade of an estimated 31,033 tonnes of carbon credits a year. The Asian Development Bank has agreed to purchase the carbon credits from the civic body at …
A decline in industrial production in the European economies has led to a fall in carbon credit prices by more than 58 per cent in the last eight months. Despite traders
The ongoing global economic downturn and a sharp fall in crude oil prices in the last few months have dampened the market for carbon credits. The prices of carbon credits dropped nearly 75 per cent in 2008, leaving those who had invested in them with huge losses. The reason: Companies …
Deepa Krishnan & Nidhi Sharma MUMBAI INDIAN companies are shelving green projects that would have earned them carbon credits under the Clean Development Mechanism (CDM) following a 50% fall in the prices of Carbon Emission Reduction (CER) credits due to the global downturn. CDM is an arrangement under the Kyoto …
LONDON - A suspension of the Chinese government's price floor for Kyoto carbon offset sales, expected in March, could weigh on this already battered market, analysts IDEAcarbon said on Friday. "To encourage investment, the Chinese government is expected to unofficially release its 8 euro price floor in early March and …
A volatile carbon credit market means companies will be less likely to invest in clean energy projects as the incentives are hard to predict. For the first time in more than four years, growth is slowing in India
MUMBAI: When Barack Obama talked about harnessing the sun, wind and soil to fuel cars and run factories, a flicker of hope rekindled in the hearts of Indian entrepreneurs pursuing clean technology projects. There is optimism now that growth in the carbon sector could indeed pick up, leading to higher …
MUMBAI: When Barack Obama talked about harnessing the sun, wind and soil to fuel cars and run factories, a flicker of hope rekindled in the hearts of Indian entrepreneurs pursuing clean technology projects. There is optimism now that growth in the carbon sector could indeed pick up, leading to higher …
Date: 20-Jan-09 Country: AUSTRALIA Author: Bruce Hextall SYDNEY - The first trade in Australian Emissions Units (AEU) since the government released its blueprint for a carbon trading scheme was carried out on Monday, providing an indication of the future cost of polluting in Australia. Newedge senior energy trader Donovan Marsh …
T. Ramakrishnan CHENNAI: Nearly nine lakh domestic consumers of Cuddalore and Villupuram districts will soon be covered under the Bachat Lamp Yojana (BLY), the scheme for promoting energy efficiency by replacing incandescent bulbs with compact fluorescent lamps (CFLs). A senior official of the Tamil Nadu Electricity Board says an executing …
Namrata Singh | TNN Mumbai: Have carbon credit prices bottomed out? After prices of certified emission reductions (CERs) crashed to around euro 12, an indicative firming up is in sight. CERs in the spot market are now ruling at around euro 13. This is still way below the peak rate …
Standing forests are the most important territorial reservoirs to CO2. Reforestry and afforestry CDM projects are the means to sequester carbon. Himachal Pradesh and Haryana are the examples. In India, both Himachal Pradesh and Haryana are in nascent stage of a reforestation and afforestation project under CDM. The projects entrust …
Standing forests are the most important territorial reservoirs to CO2. Reforestry and afforestry CDM projects are the means to sequester carbon. Himachal Pradesh and Haryana are the examples.
With companies cutting production globally, carbon emissions are down, and so is the demand for certified emission reductions (CERs) or carbon credits. This has led to the price of carbon credits crashing from E25 in September to E15 last week. But according to many carbon market traders, the supply of …
With companies cutting production globally, carbon emissions are down, and so is the demand for certified emission reductions (CERs) or carbon credits. This has led to the price of carbon credits crashing from E25 in September to E15 last week. But according to many carbon market traders, the supply of …
Prices of carbon credits have fallen to euro 14 per tonne from a peak of euro 20 two months ago - a level, which experts feel, is unlikely to be regained in the short term. CERs, or certified emission reductions, are credits issued by the United Nations Framework Convention on …
More than a fourth of the proposed green energy capacity investments planned worldwide have been either stalled or suspended due to lack of funds as a result of the ongoing global financial crisis, according to Remi Erikssen, chief executive officer of DNV Energy, part of Norway-based DNV, a global risk-management …
Amid fears that a global recession may impact the carbon credit market, consultants are advising Indian companies' sale and buyback of certified emission reductions (CERs) through forward transactions. Indian companies are sitting on large unsold CERs/carbon credits in the hope that prices will appreciate in the future. As a result, …
