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 …
Ten airlines are expected to start investing in projects this year that earn carbon credits under a U.N. scheme to help offset emissions, officials said on Friday as Kenya Airways became the first African carrier to enlist. The International Air Transport Association (IATA) is running a carbon offset program under …
The United Nations said its Clean Development Mechanism (CDM) is growing steadily, having registered 3,000 carbon cutting energy projects to date. Under the CDM, firms invest in projects that reduce climate-warming emissions in developing nations and receive credits called certified emissions reductions (CERs) in return. The scheme began in 2005 …
The UNEP, under its Capacity Development for the Clean Development Mechanism (CD4CDM) project, has published a paper on the Clean Development Mechanism (CDM), which focuses on the equitable distribution of CDM projects. The paper, titled "Indexing CDM Distribution: Leveling the Playing Field," notes that the "established truth" is that Africa …
Delhi Metro Rail Corporation (DMRC) has earned more than Rs 2.4 crore from the sale of a total 82,000 Certified Emission Reductions (CERs) under the carbon credits scheme by the Japan Finance Carbon Ltd. DMRC had earned above Rs 1.2 crore on the sale of 39,000 CERs for the year …
This paper, which was developed in collaboration with The Energy and Resources Institute (TERI), is aimed at proposing the improvement of clean development mechanism (CDM) in the cement sector based on the experience through the implementation of capacity building while describing the recent information and identifying issues and challenges in …
The trend towards green buildings needs strong policy initiatives to maintain the momentumIf you were to move into ZED Collective, a residential enclave in Bangalore, you need not shop for half your vegetable supplies.
The Clean Development Mechanism (CDM), established under the Kyoto Protocol, is the primary international offset program in existence today. It generates offsets through investments in GHG reduction, avoidance, and sequestration projects in developing countries. These offset credits, called Certified Emission Reduction credits (CERs), represent a reduction in one metric ton …
IGES (Institute for Global Environmental Strategies), in corporation with TERI (The Energy and Resources Institute), started CDM capacity building activities in India in 2003, one of which is conducting consultations with project proponents in the cement sector to assist in their project development. At the same time, IGES and TERI …
From Kyoto to Copenhagen and then Cancun, the pace of the negotiations on a global compact on climate change has been faltering. UN Secretary General Ban Ki-moon has been quoted just last week as saying that he feels the effort at reaching agreement on another global compact may not be …
RPower gets nod for carbon credits. The Sasan project will earn revenue of. Rs. 2,000- crore from sale of certified emission reduction credits. Anil Ambani owned Reliance Power on Friday said it expected to generate over Rs.2,000 crore by use of energy efficient and environment friendly coal technology at its …
Mumbai: As the legally binding commitment to reduce greenhouse gas (GHG) emissions under the Kyoto Protocol comes to an end in 2012, the number of Indian companies going in for project approvals is expected to go up. As per the process, they have to first seek approval from the host …
RELIANCE Power’s . 16,000-crore ultra mega power project at Sasan has qualified for carbon credits, which will help it earn over . 2,000 crore, or 40% of its equity in the next decade. The 4,000-MW coalfired Sasan power project using supercritical technology has been registered with clean development mechanism executive …
The Indian corporate remains unconvinced about Clean Development mechanisms (CDM) with only seven per cent of PSUs convinced about its efficacy. ONGC, SAIL and IOC have emerged as the front-runners in using CDM but the majority of PSUs have stee-red clear of adopting these emission reduction techniques. CDM allows emission …
MUMBAI: After earning a handsome advance on the delivery of carbon credits from 'scientifically' closing down the Gorai dump yard, the Brihanmumbai Municipal Corporation (BMC) hoped to pocket a three times bigger amount once the curtains went down on Deonar, the city's oldest waste site. But India's overnight shift in …
Rajesh Bhayani / Mumbai December 02, 2010, 0:55 IST The carbon credit market has again dived, on prospects of supply increasing. Prices have fallen by more than 20 per cent in six weeks and are at a four-month low. There are two sets of reasons. Credits from HFC-23 (fluoroform, a …
Sceptics say the offer is like giving in to US pressure without getting any commitment in return India has placed two offers in the run-up to the Cancun climate talks beginning November 27 with the hope to break the logjam between developed and developing countries, Union minister for environment and …
