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 …
BHUBANESWAR: In what could give a solid boost to carbon trading from renewable energy production systems, a remote monitoring mechanism that will keep a tab on actual time of functioning of decentralised energy production units has been designed by the State-run Orissa Renewable Energy Development Agency (OREDA). Since certified emission …
Jamshedpur, Sept. 15: Pollution has been a cause of concern for people for some decades now, but few steps have been taken to control it. Tata Motors Limited today organised a seminar on carbon emission reduction as part of an awareness campaign at Management Training Centre in Telco today. S.B. …
Carbon credits are emerging as a new market for developing Asian nations, reports Umesh Pandey in Singapore As Asia starts to witness a rise in carbon trade, many markets are looking to start trading Certified Emission Reduction (CER) credits and Thailand is not being left behind. Japan, Hong Kong, Singapore, …
Rather than merely adhering to national climate-change rules, industries, such as cement, can lead the way with their own global agreements by Elaine Coles The agreement by member countries at the recent G8 summit in Japan to "consider and adopt a goal of achieving at least a 50% reduction of …
Indian cos big carbon credit hedgers The risk-taking ability of an Indian entrepreneur, coupled with his penchant for maximising returns has resulted in India having the largest number of unsold carbon credits among all carbon markets in the world. According to Green Ventures, India currently has over 46 million unsold …
The government is working on an exhaustive set of norms, which would include tax concessions for the industry, to reduce carbon emissions. The ministry of science & technology would submit a report on norms for reduction of carbon emissions to PM's Council on Climate Change in November this year. "The …
BRITISH state schools are to be included under the government's new domestic carbon emissions trading scheme from April 2010, the environment minister said on Wednesday. Energy use in schools will be measured and count toward the emissions permit quotas of local authorities, which in turn will be encouraged to advise …
As India heads into the G-8 summit to face the world on its climate change strategy, the government's policymakers believe India has a more evolved and far-sighted climate change policy than China. China released its climate change action plan in 2007 and will join India as the favourite targets for …
For the first time in history, oil prices breached the $135 per barrel mark last month. Since then, prices have ebbed slightly but the fallout in India is just the beginning. On June 5, the Central Government bravely increased petrol, diesel and LPG prices. This year oil subsidies are likely …
Global Warming as we all know is one of the serious environmental issues resulting from Green House Effect. Out of all Green House Gases (GHGs), carbon dioxide is the most significant one as its concentration in the atmosphere is increasing at an alarming rate. The most interesting aspect of the …
BT announced on Tuesday that it will cut its carbon emissions intensity by 80% across the globe by 2020, setting one of the most aggressive corporate carbon reduction targets world wide. The company also - published a new model for measuring and tracking carbon emissions-backed by the Carbon Disclosure Project. …
The high aspirations that the Indian green energy-based companies had nurtured for generating additional resources through carbon trading have begun to fade. Their Chinese counterparts have out-smarted them by wooing away customers, largely from the European Union (EU), and forcing them to search for new buyers and even opt for …
The need for a reduction in carbon emissions was debated at the United Nations Conference on Environment & Development (The Earth Summit) in Rio de Janeiro in 1992, resulting in the adoption of United Nations Framework Convention on Climate Change (UNFCCC), an international treaty on environment. The Kyoto Protocol, 1998, …
India has emerged as the second largest seller of carbon credits in the global market with six per cent share in 2007, while China tops the list with a huge 73 per cent, a World Bank report said. "India and Brazil, at 6 per cent market share each, transacted the …
CERs to rise 75% this year; India accounts for 43% of emission reductions issued by global body. In the backdrop of an increasing threat of global climate change, the worldwide carbon credit market is expected to grow by nearly 75 per cent in 2008. "The carbon market size, which was …
National Commodity and Derivatives Exchange (NCDEX) has recorded total volumes of Rs 174.66 crore in the first fortnight of trading in certified emission reduction (CER). The total number of CERs traded contracts was 3,396 during this period, making the exchange one of the largest in the world in CERs . …
In four sessions, CER volumes touch 6.2 lakh, three times more than expected. Trade mechanism does not allow global firms to buy CERs directly from domestic cos. Priyanka Vyas New Delhi, April 18 One week since certified emission reduction (CERs) began to be traded on the National Commodity & Derivative …
Like any fledgling business, the carbon credit market too has teething troubles. But that should not stop it from growing In 2004, Roop Salotra undertook a project at srf's (Sri-ram Fibres) refrigerant plant in Bhiwadi, Rajasthan, that cost about Rsl2.5 crore. Under a scheme that generates 'carbon credits', it significantly …
