D EMYSTIFYING C ARBON C REDITS E FFECTS OF C LIMATE C HANGE  Change in the temperature, Cyclones & Extreme Weather  Melting of the Ice  Rise in Sea.

Slides:



Advertisements
Similar presentations
Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional.
Advertisements

The GKI Telephone: /2 Website: What is Carbon Finance?
Carbon Emissions. Increasing atmospheric CO2 concentration Atmospheric increase = Emissions from fossil fuels + Net emissions from changes in land use.
Sectoral Approaches to the Post-2012 Climate Change Policy Architecture Jake Schmidt, Director of International Programs Center for Clean Air Policy *******
Click to edit Master title style Climate Change and the Carbon Market October 2010 Ciska Terblanche TAPPSA 2010 Conference Durban, South Africa TAPPSA.
UNFCCC Secretariat Overview of the CDM and the CDM project Cycle Training-Workshop to support the “Uganda Municipal Waste Compost Programme” Kampala, Uganda,
1 ACT AND ADAPT: CLIMATE CHANGE IN SCOTLAND Climate Change Division.
KYOTO PROTOCOL MECHANISMS EURASIA 歐亞 Solicitors and Advocates.
Dr. László JAGER University of West-Hungary Sopron, Hungary Some links between environment, innovation and forestry.
Fossil Fuel Economy Current economic system is based on the extensive use of fossil fuels in production 87% 87% of world energy production – Petroleum:
30/10/2006 MARKET BASED MECHANISMS TO FIGHT CLIMATE CHANGE Jean-François Conil-Lacoste Chief Executive Officer, Powernext SA APEX Conference October 30,
Group H Carbon Credits Business Case. About Carbon Credits Carbon credits are certificates issued to countries that reduce their GHG emissions One credit.
UNDP, Bangkok, 1 April 2008 AWG on Further Commitments In-session workshop on means to reach emission reduction targets CDM Experiences and Lessons.
International cooperation Part IV. The UNFCCC and the Kyoto Protocol Session 7.
International cooperation Part IV. The UNFCCC and the Kyoto Protocol Session 7.
Think, pair, share Individually, you have 5 minutes to think about possible management strategies for global warming Now share your ideas with you neighbour.
IISD Second Annual Forum of Developing Country Investment Negotiators: 2-4 Nov 2008 Climate Change and International Investment Agreements Riekie Wandrag.
D EMYSTIFYING C ARBON C REDITS C ARBON C REDIT C ERTIFICATE.
UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Reducing poverty through sustainable industrial growth Power-Gen PAK rd International Conference.
Policies Against Global Warming
Should the U.S. ratify it? Daniela Sol 21 Oct PROTOCOL.
Introduction to Climate Change: - global warming - basis steps in a clean development project - connection of CDM with European Trading Scheme Wim Maaskant.
Carbon markets An international tool for cost-effective GHG mitigation.
GF I NVEST AG F INANCIAL S OLUTIONS 1 Introduction to the Emissions Market February 2008 Mélanie Stauffer GF I NVEST AG F INANCIAL S OLUTIONS.
Dr. I.Purica Ministry of Environment Romania Kyoto Protocol and its implementation in Romania.
Overview of Carbon Markets Voluntary & Compliance Markets: Existing Carbon Reduction Units Vladimir Litvak RBEC Energy and Environment Practice Leader.
....innovating clean energy solutions…. Glenn S. Hodes UNEP Risø Center CARBON FINANCE.
© 2006 UNDP. All Rights Reserved Worldwide. Proprietary and Confidential. Not For Distribution Without Prior Written Permission. State and Trends of the.
AGEC/FNR 406 LECTURE 21 Atmospheric Concentrations of Carbon Dioxide,
Deregulation and Cap/Trade Gary Flomenhoft, Energy Policy Week 2.
Initiation to Carbon Trading The Educational Game International Institute of Industrial Environmental Economics Environmental Management and Policy - Batch.
3 – Clean Development Mechanism Introduction to Climate Change Wim Maaskant BGP Engineers – The Netherlands
Kyoto Protocol Pankaj Jain.
Global Sustainability: The Case for Collaboration Environmental Issues.
~ CDM Background ~ Background ~ Greenhouse Effect.
EXECUTIVE ROUNDTABLE SERIES Aviation in the EU Emission Trading Scheme Sophie Hagège, M&A Partner June 3, 2010 KEY LEGAL CONSIDERATIONS GOVERNING THE NEXT.
Presentation “Green Investment Schemes – greenhouse gas emissions quotas trading mechanisms in Ukraine according to the Kyoto Protocol to the Convention.
The Carbon Market Karan Capoor World Bank Carbon & Environmental Finance BioCarbon Fund Washington DC, 12 September 2005 The findings and opinions expressed.
L/O/G/O ประเสริฐสุข จามรมาน รองผู้อำนวยการองค์การบริหาร จัดการก๊าซเรือนกระจก ยุทธศาสตร์การเติบโต แบบสีเขียว (Green Growth) 1.
Ijaz Hossain Chemical Engineering Department BUET
Demystifying Carbon Credit
Kyoto Protocol IDC3O3 Ms. Nguyen.
Emmisions trading Permits Mark Walker Greg. How it works Market-based approach used to control pollution Different schemes for companies and countries.
We have now made biomass for renewable energy our core business The Group has been involved in the last 30 years in various business in the trading.
HWK Exam practice: Explain why the impact of future climate change is likely to be more severe in developing countries than in the UK.
CARBON TRADING Presented by Arjun M Asma Ali Khan Atul S Ninu Elizabeth Paulson Nishal K M.
Challenges and Opportunities for Addressing Global Climate Change February 2006.
KYOTO PROTOCOL Submitted By Team 5 Members : Anju Anna Kurian Dilip.N Nimmy Mathew Kiran Joy Ullas Udayakumar.
Mechanisms of international cooperation The IPCC, the UNFCCC and the Kyoto Protocol Session 6.
Environmental Industries Sector Unit CDM Opportunities in South Korea Greg Dunne, Director, ICECAP Ltd. Seoul, 25 th September 2006 EISU Seminar Mission.
Sustainable Development: Cooperation in FEALAC Sustainable Development: Cooperation in FEALAC October ,200 7 Economy and Society WG Delegation of Japan.
 Cap and Trade Application: Global Warming 6. 2.
Overview of Carbon Markets SIO Fall 2007 Environmental Science and Policy Forum Mitigation and Adaption in a High CO2 World 1 Melanie McCutchan MPIA Candidate.
World Regional Geography Unit I: Introduction to World Regional Geography Lesson 4: Solutions to Global Warming Debate.
Carbon Credit. CONTENTS INTRODUCTION KYOTO PROTOCOL GREENHOUSE GASES EMISSION ALLOWANCE EMISSION MARKET EFFECT OF CARBON CREDIT CRITICISM CONCLUSION.
Carbon credits presented To: Sir Zaheer Abbas. Tahir Mehmood Liaquat Ali Sami Ullah Muhammad Ijaz Muhammad Hanan.
Clean Technology (PB386) Click to edit Master title style Numfon Eaktasang, Ph.D.
September 29, 2009 Sagacarbon seminar, sofia.
Should the US ratify the Kyoto Treaty?
Emission Trading: A New Commodity
Carbon, Energy, and Carbon Credit Markets
The Economics of Climate Change
Emmisions trading Permits
The Kyoto Protocol Mechanisms
Research, understand, and educate Adapt Mitigate
មេរៀនទី៧ ៖ ការប្រែប្រួលអាកាសធាតុ
Kyoto Protocol.
Mitigation and Adaptation
Think, pair, share Individually, you have 5 minutes to think about possible management strategies for global warming Now share your ideas with you neighbour.
Management strategies
Presentation transcript:

D EMYSTIFYING C ARBON C REDITS

E FFECTS OF C LIMATE C HANGE  Change in the temperature, Cyclones & Extreme Weather  Melting of the Ice  Rise in Sea level  Heat related illness and deaths  Reduction in crop yields

C ARBON C REDITS WHAT ITS’ ABOUT..  Emission trading approach  Carbon Footprints  Carbon Offsetting  Two Types of carbon credits -: Carbon Offset Credits and Carbon Reduction credits.

C ARBON C REDIT C ERTIFICATE

WHY WE NEED IT…  Helps Capping total annual emissions  Assigns a monetary value to the carbon emitted  Gives business and economic incentives to Organization who reduce emission.  Necessitates adoption of clean technologies by the developed nations.  Helps developing nations get foreign investment for developing advanced clean technologies. C ARBON C REDITS

C ARBON M ARKETS 3 P RINCIPAL R EGIMES Kyoto Mandatory Regime UNFCCC KYOTO PROTOCOL Non Kyoto Mandatory Regime New South Wales (Aus) Individual US States (East coast, California, Oregon) European Union Trading scheme ( EU-ETS) Voluntary Regimes Chicago Climate Exchange (CCX) Retail Market Source : UNFCCC Site

1992 UNFCCC establishes Framework 1997 Treaty negotiated in Kyoto (Japan) Opened for signature 2005 Agreement Came into Existence K YOTO : B ACKGROUND

 183 Countries ratified as of Jan 2009  This represents about 64% of industrialized country emissions  Developed countries have a target to reduce GHG emissions by 5.2%  India, China, and Brazil are classified as emerging countries and hence exempted from this protocol K YOTO P ROTOCOL

UNFCC Kyoto Protocol Project Based Clean Development Mechanism Joint Implementation Allowance Based International Emission Trading KP M ECHANISMS

Clean Development Mechanism  Sales of CER from Developing to Developed country  Certified Emission Reductions (CER)  1430 Registered projects reducing 550 Mton CO 2 Source : UNFCCC Site

J OINT I MPLEMENTATION  One industrialised country to another  Emission Reduction Units (ERU)  203 Projects reducing 21 Mton CO 2 Source : UNFCCC Site

 Cap and Trade  Assigned Amount Units (AAU)  EU ETS, UK ETS, CCX International Emissions Trading Businesses that don’t reduce emissions enough must buy credits Businesses that reduce emissions more than required can sell credits MONEY CREDITS GHG emission cap (set by authorities) Cap is lowered over time The European Union Emission Trading Scheme is the largest under Kyoto

P ROJECT B ASED T RANSACTIONS Source : UNFCCC Site

C ARBON C REDIT M ARKET IN I NDIA  Signed and ratified the Protocol in August, 2002  Second largest seller of carbon credits after China.  Carbon credits traded on MCX in India.  Major players of carbon credits – Torrent Power AEC, Gujarat Fluro Chemicals and Jaypee Associates engaged in energy efficiency and gas capture.

A REAS O F C ONCERN The major polluters apart from industrial wastes are:  Paddy fields  Enteric fermentation from cattle and buffaloes  Municipal Solid Waste The above issues can be addressed by:  Development of special irrigation strategies and technologies  Proper feed management of cattle  Segregation of wastes and production of clean fuel

D RAWBACKS OF C ARBON C REDITS  Excuses the emission of carbon rather than reducing it.  Form of privatization of the atmospheric commons.  Creates transferable rights to dump carbon in the environment and vegetation far in excess of the capacity of these systems to hold it

O UR S OCIAL R ESPONSIBILITY  Replacing five incandescent bulbs that you use for five hours a day with CFLs reduces carbon emissions by about 250kg CO 2 /yr.  Switching off just five 60W lights in your home saves about 270kg CO 2 /yr.  Drying clothes on a line instead of a tumble drying saves 280kg of CO 2 /yr.  Turning off the tap while brushing teeth saves about 3kg of CO 2 /yr.  Fixing a dripping tap saves about 20kg of CO 2 /yr.

THANK YOU !!!