After the vote to prop up the carbon market failed, prices dropped 40% to €2.63 a tonne

European Union politicians rejected a plan to prop up the world’s biggest carbon market on Tuesday, sending it plunging to a new record low and raising questions about its survival. After months of bitter debate, a plenary session of European Parliament in Strasbourg, France rejected by 19 votes a commission proposal to temporarily remove some of the oversupply that has overwhelmed the market for permits to emit carbon dioxide.

New Delhi: South Delhi Municipal Corporation’s composting plant in Okhla has become the first to get carbon credits from United Nations Framework Convention on Climate Change in the country.

While the form of new framework including new market mechanisms with participation from all the Parties under the UNFCCC will be further discussed and elaborated in order to be agreed upon by 2015 and implemented by 2020, CDM still has a significant role in terms of the foundation of market-based mechanisms and supporting tools especially for th

Tata Power has registered its 50.4 MW wind project at Samana, Gujarat, under the Clean Development Mechanism (CDM).

Tata Power Company Ltd has said it has registered its 25 MW project at Mithapur, Gujarat, with the United Nations Framework Convention on Climate Change (UNFCCC).

Strategy 2020 and Sustainable Transport Initiative of the Asian Development Bank (ADB) acknowledge prioritize the role of transport sector in climate change and vice-versa in transport.

Declining prices of carbon credits along with the lower probability of Annex 1 or developed countries agreeing to binding commitments after the expiry of first commitment period of the Kyoto Protocol in 2012 may hit the revenues of companies like SRF, ONGC, Navin Fluorine and Chemplast Sanmar, among others, which have registered their projects for the UN's clean development mechanism (CDM).

With prices of carbon permits having declined to a record low of 70 cents per unit, down from the peak of 17 euros, Indian firms — which sell about 90% of their total credits to Europe — might feel the tremors in the next few months.

Agreeing to a second commitment period without meaningful rules is pointless. Emission cuts must be ambitious

For a long time, the Clean Development Mechanism (CDM) has been criticized for its cumbersome procedures and risks of weak environmental integrity.

United Nations Climate Change Secretariat has analysed aspects of CDM project activities and reported on the levels and types of benefits the CDM has provided.

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