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 first phase of the Kyoto Protocol's (KP) emissions offset market is drawing to a close with just over 13 billion giga tons (Gt) of surplus of emissions offset credits, more than a thousand times greater than anticipated demand of 11.5 million mega tons (Mt). The balance of supply and …
A link between European Union and Australian cap and trade schemes could inject new life into emissions trading as long as regulators take into account risks such as the impact of market intervention in one region on energy prices in the other. The European Union's executive Commission and Australian government …
After announcing this week it will link its future carbon market to the EU's, Australia may look to California next as a potential emissions-trading partner, but the US state may be less keen to cement a trans-continental link, analysts said. On Tuesday, Australia announced it will link its emissions trading …
Australia's top polluters, from steel firms and coal miners to airlines, will save about A$2.5 billion over 5 years after a decision to align the nation's carbon scheme with Europe's, a leading analyst firm said on Tuesday. Carbon analysts RepuTex also said in a report polluters did not need to …
This report sets out the final recommendations of the Panel for the role, design, and operations of the CDM. Presented at the 69th meeting of the CDM Executive Board (September 2012) and subsequently made public, it affirms the importance of maintaining the CDM as a tool to help address the …
We Indians have got so used to seeing garbage spilling over from municipal dustbins at street corners and often even strewn around in open public spaces, that we accept this phenomenon as inevitable. We look the other way with what seems like futile hope that some day, someone will find …
Will now have to wait for the market to recover. With carbon credit prices crashing, Indian Railways has missed the opportunity to earn from credits for the Mumbai suburban services, owing to delay in project registration. The Delhi Metro Rail Corporation (DMRC) and Mumbai Metro One have, however, been able …
The objective of this report is to provide an independent assessment of the impact of the CDM across a broad range of metrics and possible effects. The impact of the CDM is assessed firstly in relation to its original purposes stated in Article 12 of the Kyoto Protocol, namely “to …
Progress towards climate change goals often falter over a familiar stumbling block: financing. India’s climate finance requirements are enormous and are looking for a combination of domestic public financing, private financing and international climate finance to meet our needs. This brief looks at India’s requirements and opportunities for climate finance.
This report is one of three commissioned by the High-Level Panel to facilitate its provision of recommendations. The objective of this report is to provide an in-depth analysis of the evolving context of the CDM, particularly with regard to new and emerging mechanisms, and to locate the CDM within the …
ONGC has received 121,207 carbon credits for its 51 MW wind power project at Bhuj in Gujarat, the company said in a statement. These credit points have been given by the United Nations body on climate change — United Nations Framework Convention on Climate Change.“This is the first issuance of …
New Zealand carbon prices hit a two-month high this week, extending gains as ongoing speculation of tighter liquidity in the European carbon market was expected to bolster the New Zealand market in the longer term. New Zealand permits for spot delivery (NZUs) rose as high as NZ$7.00, traders said, their …
This is the proceedings of National level Consultation on “International REDD Plus Architecture and its relevance for India” held at India Habitat Centre on 14th June, 2012. The major objectives of the workshop are: To understand how various forests related instruments are impacting g the REDD+ both at the National …
The European Union needs to aim for a deeper emissions cut soon, to rescue a record low carbon price and spur long-term investment in low-carbon technology, leading carbon market players said at an industry gathering. Europe's economic slump has made it easier for the EU to reach its 2020 climate …
The total value of the carbon market grew by 11 per cent in 2011, to $176 billion, and transaction volumes reached a new high of 10.3 billion tons of carbon dioxide equivalent (CO2e), according to a new report from the World Bank (WB). The report titled on "State and Trends …
State of the Voluntary Carbon Markets 2012: Developing Dimension is the sixth annual report created to shed light on trading volumes, credit prices, project types, locations, and the motivations of buyers voluntarily purchasing carbon offsets. Findings are based on data voluntary reported by 312 offset suppliers, seven exchanges, and all …
The annual report on State and Trends of the Carbon Market 2012 presents an optimistic view of the carbon market, which despite adverse conditions, still grew by 11% in 2011, amounting to US$176 billion with US$10.3 billion tons of carbon dioxide equivalent (CO2e) traded during 2011. The report was launched …
The price of carbon credits is likely to double this year, due to a recovery in demand from the European Union. A recent report by Barclays Capital, the global consultancy firm, forecast the Certified Emission Reduction (CER) price to surge 92 per cent in the first half of this year. …
The main U.N.-appointed panel that regulates supply of global carbon offsets could this week decide whether to approve rules that would lead to the award of millions of CO2 credits to coal-fired power stations in developing countries, according to meeting agenda notes on the UNFCCC website. The Executive Board (EB) …
The main U.N.-appointed panel that regulates supply of global carbon offsets could this week decide whether to approve rules that would lead to the award of millions of CO2 credits to coal-fired power stations in developing countries, according to meeting agenda notes on the UNFCCC website. The Executive Board (EB) …
