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 …
Consider this. An Indian tourist, flying in a European Union (EU) built aircraft of an EU airline to spend euros in the EU will end up paying carbon tax to the EU even for the portion of the flight that falls in non-EU airspace. That sounds unfair," says Amber Dubey, …
This study is the first outcome of a new work program on regulatory aspects of the Clean Development Mechanism (CDM) started by the World Bank in May 2011 at the Carbon Expo in Barcelona. The guiding principle of this work has been to approach the complex and broad topic of …
The UNFCCC Secretariat has released India’s submission containing its views on certain aspects of the eligibility of carbon dioxide capture and storage (CCS) in geological formations as Clean Development Mechanism (CDM) project activities. India’s submission was made in response to a request by the seventh session of the Conference of …
Against the backdrop of coal shortages impacting the power sector, increasing hydro power generation capacity would help in strengthening India’s energy security, says a report. Many hydro power projects are grappling with delays and cost overruns, mainly due to geological as well as geopolitical obstacles. “Given India’s tight domestic coal …
Against the backdrop of coal shortages impacting the power sector, increasing hydro power generation capacity would help in strengthening India's energy security, says a report. Many hydro power projects are grappling with delays and cost overruns, mainly due to geological as well as geopolitical obstacles. “Given India's tight domestic coal …
The Clean Development Mechanism (CDM) is introduced by US government as flexibility mechanisms under Kyoto Protocol and allows developed countries to meet their emission reduction commitments by promoting clean development in developing countries. As a policy mandate, it aims to design project-based mechanisms to reduce emissions. These reductions are produced …
This report highlights a problem currently being experienced by new Euro IV and V heavy-duty trucks and buses: Despite meeting more stringent regulatory standards for exhaust emissions during type approval, many vehicles equipped with selective catalytic reduction (SCR) systems have significantly elevated emissions of nitrogen oxides (NOx) during in-use driving, …
Maosheng Duan of China was on Monday named chairman of the executive board for the Clean Development Mechanism, becoming the first person from the world's top polluter to oversee the UN-backed carbon market for developing nations. Duan succeeds Britain's Martin Hession, who will now serve as vice-chair of the CDM …
The Little Data Book on Climate Change includes a diverse set of indicators selected from the global economic and scientific communities. These indicators recognize the intrinsic relationship between climate change and development and attempt to synthesize important aspects of current and projected climate conditions, exposure to climate impacts, resilience, greenhouse …
Successful deployment of carbon capture and storage (CCS) is critically dependent on comprehensive policy support. While policy plays an important role in the deployment of many low-carbon technologies, it is especially crucial for CCS. This is because, in contrast to renewable energy or applications of energy efficiency, CCS generates no …
Lucky Cement qualified for the Clean Development Mechanism (CDM) under the Kyoto Protocol of United Nations and earned precious carbon credits. CDM allows emission-reduction projects in developing countries to earn Certified Emission Reduction (CER) credits. These CERs or carbon credits can be traded and used by developing nations to finance …
New Zealand will ban the use of U.N.-backed industrial gas offsets to stop any distortion to its carbon trading scheme and bring it into line with programs in Europe and Australia, the government said on Thursday. Climate change minister Nick Smith said offsets from projects that destroy potent greenhouse gases …
Emission reduction certificate prices at record lows, reflect question marks on the climate change policy. To the surprise of the carbon trading market, prices of carbon emission reduction (CER) certificates traded on the Intercontinental Exchange have been sliding even after last week’s global deal on future emission reduction. CER prices …
Falling prices of carbon credits have scuttled the best-laid plans of private equity investors to make a fortune by selling them. Europe’s economic downturn coupled with low demand for emission compliance credits in the US and Asia and uncertainties over the continuation of Kyoto Protocol have resulted in a sharp …
Mumbai: Carbon credit prices, which have crashed to euro 5 per unit currently, way below the psychological euro 10 per unit level, are expected to revive at least on one count: The continuation of Kyoto Protocol for another five years, thus securing the long-term fundamentals of the Indian greenhouse gas …
The objective of this tool is to inform and capacitate local government officials so as to assist them in initiating, developing and managing Clean Development Mechanism and Verified Emission Reduction projects within their cities, towns or regions. There are a number of key areas of local government competencies that city …
The report is an effort to inform project developers and policy-makers about the main lessons learned by the BioCarbon Fund while accompanying the development of more than 20 A/R CDM forest projects in 16 countries since it started operations in 2004. It sheds light on opportunities the CDM offers to …
They are registered as clean development mechanism projects, eligible for carbon credits. On October 15, 2010, the regional officer of Chhattisgarh Environment Conservation Board (CECB), R K Sharma, visited Tilda industrial area in Raipur unannounced. He noticed thick smoke rising from the premises of a renewable energy project. On paper …
Mumbai: There is panic among Indian companies holding carbon credits as prices have crashed by about 50% globally, in the last couple of months, due to a drop in demand fuelled mainly by the Eurozone crisis. Prices of certified emission reductions (CERs) or carbon credits have fallen to about euro …
Mexico will earn a royalty on carbon credits generated from energy-saving light bulbs through a world-first deal that could pave the way for other developing countries to fund emissions cuts, the investor said on Monday. Under the project, an Australian company, Cool nrg International, advised by Bank of America Merrill …
