Demystifying Carbon Credit A Group 5 Presentation
Contents Voluntary Carbon Market Global Warming - Causes and Effects Defining Carbon Credit Kyoto Protocol Flexible Mechanisms Regulated Carbon Market Regulated Carbon Market - Factsheet Voluntary Carbon Market Voluntary Carbon Market - Factsheet Future Challenges
Causes of Global Warming
Effects of Global Warming Increase in average atmospheric temperature Rise in mean sea level Abrupt weather change More frequent heat waves and tropical cyclones
Defining Carbon Credit A key component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One Carbon Credit is equal to one ton of Carbon-dioxide equivalent. There are two distinct types of Carbon Credit Markets: Regulated and Voluntary.
Kyoto Protocol An international environmental treaty . Adopted on 11 December, 1997 in Conference of Parties to the UNFCCC (COP – 3). Came into force on 16 February, 2005. Establishes legally binding commitment for the reduction of greenhouse gases. An international agreement between more than 170 countries.
Flexible Mechanisms
Annex 1 IET JI Annex 1 CDM non-Annex1 AAU $$$ ERU $$$ CER $$$ CER – Certified Emission Reduction ERU – Emission Reduction Unit AAU – Assigned Amount Unit
Regulated Carbon Market Regulated Market Allowances AAU’s EUA’s Project Based Credits CER’s ERU’s
Regulated Carbon Market
Regulated Carbon Market
Carbon Credit Standards Carbon Neutrality Standards Voluntary Carbon Market Voluntary Market Carbon Credit Standards Allowances CCX Project Based Credits Plan Vivo CCBA VCS Gold Standard VER Carbon Neutrality Standards CN Protocol
Voluntary Carbon Market
Voluntary Carbon Market
Increase In Carbon Market
Reuters CER Index For the year 2009, the data is taken till 6th of July.
Future Challenges Challenges for organizations in Annex – 1 Countries. Businesses turning into financially nonviable. Carbon Liability becoming Carbon Opportunity. Possibility of Carbon Tax for every corporate in future.
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