The Environmental Audit Committee (EAC) today launches an inquiry into the voluntary carbon offset market. Over the last few years, there has been a considerable growth in this market as awareness of climate change has increased and public and private bodies, as well as individuals, have sought to reduce their overall carbon footprint. The carbon offset market provides companies, public bodies and individuals with the opportunity to purchase credits generated from projects that reduce the amount of greenhouse gases entering the atmosphere.

A global carbon market has evolved in the wake of negotiations for the United Nations Kyoto Protocol. A number of distinct markets are encompassed within its remit, including a voluntary retail arm. Although the voluntary retail market is very small in comparison to other segments, it has large growth potential as it can extend to countries, customer groups and technologies not embraced by the existing compliance regime.

This report presents the results of a survey on "Reporting the Business Implications of Climate Change in Sustainability Reports". This is a survey to catalogue types of reporting on climate change and was conducted by the Global Reporting Initiative (GRI) and KPMG's Global Sustainability Services. The survey found that while almost all companies reported on climate change in their sustainability reports, on closer examination companies reported far more on potential opportunities rather than financial risks for their companies from climate change.

The rural population in India does not have access to reliable energy. India has millions of tonnes of unused and available biomass waste. This loose biomass is currently treated as a waste with no economic value. It is often burnt inefficiently in open fields, causing air pollution. However this 'waste' can be turned into a completely environment-friendly source of energy through briquetting.

30 Sep 2009

The leader of the newly elected Democratic Party of Japan Yukio Hatoyama created quite a stir with his bold mid-term target for emission reduction -- 25 per cent from 1990 levels by 2020.

Lobbyist pressure will not weigh on a U.N. panel's decision whether to award carbon finance worth about 100 million euros ($144 million) to Chinese wind power projects, said the chair of the panel on Tuesday.

"If you add it all up there are quite a number of projects, all from China," Lex de Jonge told the Reuters Global Climate and Alternative Energy Summit, on a ruling due this week.

Pocono Raceway, which hosts two Nascar Sprint Cup races each year, plans to construct the world

It is now part of the carbon game: emitting but buying carbon credits to balance accounts. People fly to their holidays but buy some carbon

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