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 …
Almost six projects in Pakistan have been registered with the United Nation (UN) for controlling carbon emission. Around 16 more projects are under validation for registration with the Clean Development Mechanism (CDM), a branch of United Nations Framework Convention on Climate Change (UNFCCC). These would be registered projects include hydropower …
Rajiv Tikoo New Delhi: Two Indian companies Wipro and HCL have emerged amongst the top five greenest electronics companies in the world. While Wipro shares the top position with Nokia, HCL at third position is marginally behind Sony Ericsson, according to Greenpeace
GLOBAL warming is real and the time to act is now. The climate summit in Copenhagen fielded an impressive number of participants from various sectors, including top government officials, but as the summit came to a close, no emission reduction targets were set. The final agreement merely restated an aspiration …
Vishwanath Kulkarni The recently introduced climate Bill in the US, which seeks to curb emissions by setting up a cap-and-trade mechanism, if passed, will strengthen the post-2012 carbon trade and could open up a new market for the Indian clean development mechanism (CDM) project developers. The American Power Act Bill …
Byju Aryad KOCHI: The distribution of compact fluorescent lamps (CFLs) by the Kerala State Electricity Board (KSEB) will fetch the board profit through the sale of the carbon credits earned from the incandescent bulbs collected while distributing the CFLs. If the Certified Emission Reductions (CERs), or the carbon credits, are …
The number of carbon credits or certified emission reduction (CERs) issued for a cut in the release of greenhouse gases into the environment is set to triple in India over the next three years, due to a rising number of claims from rapidly growing renewable energy (RE) projects. According to …
The World Bank released its annual State and Trends of the Carbon Market report at Carbon Expo in Cologne, Germany, on 26 May. The report indicates that the value of the global carbon market grew six percent, to US$144 billion, in 2009 despite being its most challenging year to date. …
This article synthesises the pledges made by both industrialised and developing countries, following the Copenhagen Accord, and their implications for stabilising the earth
New Delhi: Flagship explorer Oil and Natural Gas Corporation has become the first public sector undertaking to generate revenue by trading in carbon credits. The state-run entity has received 10,722 emission reduction certificates from the United Nations for a waste heat recovery project at its Mumbai High fields. A company …
In the international climate negotiations preceding Copenhagen in December 2009, nationally appropriate mitigation actions, (NAMAs) were used as the solution of many open issues and with very different interpretations of what the term actually stands for. The negotiations have so far failed to define what NAMAs actually are. Views also …
In a setback to the Municipal Corporation of Chandigarh, legal experts have shot down its proposal to apply for certified emission reduction credits (CER). The civic body was contemplating applying to the United Nations Frame Work Convention on Climate Change for CERs and had sought legal opinion on the issue. …
Carbon trading is now the fastest-growing commodities market on earth. Since 2005, when major greenhouse-gas polluters among the Kyoto signatories were issued caps on their emissions and permitted to buy credits to meet those caps, there have been more than $300 billion worth of carbon transactions. Major financial institutions such …
Vishwanath Kulkarni Notwithstanding uncertainty in the global carbon trade, consulting and advisory firms such as Emergent Ventures, Ernst & Young and GTZ, are beginning to see a revival of interest from Indian companies to earn and sell carbon credits. The carbon market is in a state of flux post Copenhagen …
Companies now have a monetary incentive to engage in eco-friendly production apart from that of projecting an eco-friendly image to the consumer Nagraj Chandrashekhar The Kyoto Protocol Summit on Climate Change resulted in emission reduction requirements placed on developed countries that mandated roughly 5% cuts to 1990 levels by the …
