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).
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 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.
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.
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.
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
