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.
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 worth it.
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.
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.
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 potent greenhouse gas) projects will go up, as the suspension on such projects has been lifted.
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 forests Jairam Ramesh has said.
It has proposed to establish an international network of tech
