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 paper examines several issues that arise in awarding emission reduction credits to coal projects in the Clean Development Mechanism (CDM). It identifies systematic weaknesses in the coal methodology's (ACM0013) design and application. The authors estimate that shortcomings lead to significant over-crediting of Certified Emission Reductions and discuss why a …
This paper examines the effectiveness of additionality and sustainability criteria being applied to hydropower projects applying for carbon crediting under the Kyoto Protocol’s Clean Development Mechanism (CDM). It examine the conditions under which hydropower development decisions are commonly made, with a focus on China and India where the majority of …
Global climate talks in South Africa next month will not produce a "big bang" capable of producing a new and binding pact to slash greenhouse gases, but steady progress could be made, a senior European climate official said on Tuesday. Jos Delbeke, director general for climate action at the European …
Anil Ambani-owned Reliance Power on Monday said it would earn Rs.2,000 crore by trading carbon credits from its Tilaiya ultra mega power project (UMPP) in Jharkhand in the first ten years of its operations. In a statement issued here, it said the Tilaiya project had got approval for carbon credits …
Reliance Power Ltd’s 3,960 MW Tilaiya Ultra Mega Power Project, being developed by its wholly owned subsidiary Jharkhand Integrated Power Ltd (JIPL), has got approval for carbon credits from the United Nations Framework Convention on Climate Change (UNFCCC). The plant would generate 21.3 million carbon credits during the first 10 …
New Zealand is looking to exclude the use of U.N. offsets from industrial gas projects in its emissions trading scheme from as soon as 2012, as these offsets threaten to distort the market, the government said on Friday. Climate change minister Nick Smith said he wanted to maintain the integrity …
The U.S. would not consider a climate deal "genuinely binding" if it excludes the biggest emerging economies or if those countries' commitments were conditional upon financial support from developed countries, the lead U.S. climate negotiator said Monday. Todd Stern, U.S. special climate change envoy, said certain developing countries are seeking …
The expansion of the world's only national carbon trading scheme outside Europe should be slowed to minimize the costs to business and households, according to a New Zealand government review which also recommended urgent scrutiny of disputed HFC carbon offsets. The energy, transport and industrial sectors would have until 2015, …
China needs to set absolute restrictions on greenhouse gas emissions if it is to fulfill its aim to set up a carbon market over the next five years, a cabinet office think tank said in a paper published on Thursday. "It is only under an absolute emissions cap that carbon …
This recent Wikileaks cable from US Consulate in Mumbai has evidences to show that despite the risk and uncertainty of qualifying for carbon credits Indian businesses have pumped USD 25 billion into unilaterally developing Clean Development Mechanism (CDM) projects to generate carbon credits.
IFC, a member of the World Bank Group, will provide a $15-millon equity to the Hyderabad-based, biomass power company, Shalivahana Green Energy Ltd. IFC’s investment will support the company’s expansion of about 200 MW of its existing biomass power projects in Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, and Tamil Nadu. The …
There has been a spurt in Indian companies rushing to get clean development mechanism (CDM) projects registered with the United Nations Framework Convention on Climate Change ahead of December 2012. This is despite the prevailing uncertainty in the global carbon trade, which is reeling under the impact of Eurozone debt …
This report aims to propose ideas for CDM reform, targeting international negotiators of the CDM. The Market Mechanism Group of IGES has been implementing IGES CDM capacity building activities in Asia as well as developing IGES CDM databases for quantitative analysis. The group organised the IGES CDM Capacity Building General …
Reliance Power aims to earn . 5,000 crore from carbon credit from the three ultra mega power projects of 4,000 MW that it is developing. The company seeks to earn almost . 2,000 crore in 10 years by registering its 4,000 MW Tilaiya ultra mega power project for carbon credits …
International carbon offsets fell below 10 euros per metric ton for the first time since March 2009 early on Monday morning, but traders were unsure whether carbon prices were poised to drift lower or stage a rally. A combination of slim buying and continued jitters over the economic outlook have …
This technical paper presents an overview of the quantified economy-wide emission reduction targets to be implemented by developed country Parties, as well as assumptions and conditions related to the attainment of these targets, and discusses comparison of the emission reduction efforts. This paper is intended to facilitate understanding of these …
During the Carbon Expo taking place in Barcelona, Spain, the World Bank released the 2011 edition of its State and Trends of the Carbon Market Report, which indicates a slight decline in carbon markets compared to 2009. Among the reasons for the carbon market's lack of growth, the report signals …
A 310 megawatt (MW) Kenyan wind power project has received approval to earn carbon emissions credits under the United Nations' Clean Development Mechanism, a senior company executive said on Tuesday. Construction on the 617 million euro ($873.7 million) Lake Turkana Wind Power (LTWP) project is expected to start by December …
