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 report aims to inform the current progress and lessons from the Joint Crediting Mechanism (JCM) and how they will contribute to the efforts in climate mitigation, especially for the Post-2020 to achieve the Nationally Determined Contributions (NDCs) in the context of Article 6 of the Paris Agreement. Upon the …
India's climate action plan ahead of the United Nations' Paris summit in December will come with sector-specific emphasis on emission reduction. The Union environment ministry has held at least five rounds of meetings with key infrastructure ministries to help clarify the definition, scope and approach for preparing India's Intended Nationally …
In many regions of the world, older, high-emitting vehicles account for a small percentage of the overall vehicle fleet but a disproportionately large share of total emissions. It is estimated that these vehicles may be responsible for more than 50% of particulate matter (PM) and black carbon (BC) emissions by …
Heavy Duty Vehicles conforming to Euro IV and V standards frequently show poor real-world NOx emissions performance. Evidence indicates that new certification protocols in Euro VI resolve this problem, and Euro VI-compliant HDV NOx emissions meet expectations.
This technical paper provides background information on the second review of the Adaptation Fund based on the terms of reference for the second review as annexed to decision 2/CMP.9, taking into account the deliberations and conclusions of the Subsidiary Body for Implementation at its fortieth session.
Donations of U.N.-backed carbon credits to help reduce the carbon footprint of the World Cup in Brazil have surpassed the half million mark, the local government said on Thursday. Brazilian companies or local branches of multinationals so far donated 545,500 certified emissions reductions (CERs) in response to a campaign that, …
(Reuters) - Norway will buy 21 million U.N. backed certified emission reductions (CERs) for an average price of 2.28 euros each in its international tender to purchase carbon offsets, said the financial institution in charge of the deal on Monday. The Nordic Environment Finance Corporation (NEFCO), which manages the tender …
European Union carbon permits had the biggest quarterly gain in six years as lawmakers consider permanent measures to curb a surplus that helped push prices to a record low. December allowances climbed 25 per cent since March 31, the most for a quarter since June 2008, according to data from …
A man takes a photograph standing in front of a structure covered with an image of the Hong Kong island skyline at the waterfront in the Tsim Sha Tsui area on Aug. 22, 2013. United Nations carbon regulators will consider new rules next month to make it easier for China …
Australian landfills, set to make total windfall profits of up to A$200 million ($187 million), if the country's carbon tax is repealed have proposed using some of the revenue to buy millions of U.N.-issued carbon credits, the Sydney Morning Herald reported Monday. Landfills have for the past two years been …
During the first Kyoto commitment period, the Clean Development Mechanism (CDM) emerged to be a global standard for the global carbon market. Linking developing and industrialized countries in an international cooperation mechanism, it provided a governance and accounting framework for emission reduction efforts around the world. Not without its own …
Brazil, looking to offset the carbon emissions generated by construction, travel and other activities related to hosting the 2014 Soccer World Cup, said on Tuesday it wants holders of United Nations-backed carbon credits to swap them for publicity during the games. The World Cup begins June 12 and Brazil's Environment …
Efforts to bring cleaner, more efficient stoves to the billions of people who use traditional biomass for cooking and heating have gained new momentum in recent years, driven both by longstanding health and environmental concerns, and by a growing recognition of the importance of modern energy access for development. In …
The development of coal mine methane (CMM) projects is subject to various kinds of risk, one of these being their highly variable methane content. In this study, a new methodology is proposed to reflect the impact of this uncertainty on a negotiated Certified Emission Reduction (CER) price, which is based …
PHEP-I: Punatsangchhu hydroelectric project I (PHEP-I) will earn about Nu 1.4B worth of foreign currency annually upon commissioning, in exchange for carbon credits. The amount is an estimated revenue the project would earn, after the sale of an estimated 4.3M certified emission reduction (CER) credits (each credit is equivalent to …
The Committee on Climate Change (CCC) has called for the Government to approve its fourth carbon budget in the New Year to avoid further investor uncertainty. Ahead of the CCC's final recommendations on the review of the 2023 to 2027 carbon budget, committee chairman Lord Deben announced that there is …
Norway plans to buy carbon credits from emissions-cutting projects in developing and developed countries that may have to stop operating due to the low prices for the offsets they generate. The nation may purchase as many as 30 million United Nations Certified Emission Reductions and Emission Reduction Units for the …
The cities of South Asia are growing at an unprecedented rate, and there is potential to steer this development onto a sustainable and green path. Carbon financing serves as a valuable revenue source to help cities earn additional income to support low-carbon development. With the end of the first commitment …
Several environmentally ‘unfriendly’ projects in Assam and North East are being touted as sustainable, receiving funds under UN’s Clean Development Mechanism, wreaking havoc to the eco–system and the people in its vicinity. However, a large number of projects in Assam and North East have not yet been cleared by Clean …
The trust for the United Nations Clean Development Mechanism, the operator of the world’s biggest greenhouse gas credit program, had an operating surplus of $82 million in the 18 months through June 30, as offset supply increased. Fees and other income amounted to $141 million in the period, compared with …
