The U.N.

European Union governments will probably reduce emissions outside the bloc’s carbon market by 8.8 per cent more than required under the 1997 Kyoto Protocol, according to projections published today

REDD+ presents opportunities to cater to the varied needs and interests of a wide range of stakeholders.

A red-faced Brihanmumbai Municipal Corporation (BMC) has now instituted an inquiry into IL&FS Environment’s over-estimation of carbon credits that the scientifically-closed Gorai dumping ground could produce. In three years till June 2012, IL&FS had estimated that the solid waste management project at Gorai would generate 3,00,235 CER (Certified Emission Reduction) units, but only 14,477 units were received.

CERs are units issued by the Kyoto Protocol’s Clean Development Mechanism (CDM) Executive Board for emission reduction and can be traded in the international market. In 2009, based on IL&FS estimates, the BMC took an advance payment of Rs 24.5 crore from Asian Development Bank (ADB) to sell 4.3 lakh CER units over a five-year period.

The first phase of the Kyoto Protocol's (KP) emissions offset market is drawing to a close with just over 13 billion giga tons (Gt) of surplus of emissions offset credits, more than a thousand time

United Nations emission credits dropped to a record as the regulator defended allowing supplies of offsets from more-efficient coal plants in emerging nations.

A link between European Union and Australian cap and trade schemes could inject new life into emissions trading as long as regulators take into account risks such as the impact of market interventi

Australia's top polluters, from steel firms and coal miners to airlines, will save about A$2.5 billion over 5 years after a decision to align the nation's carbon scheme with Europe's, a leading ana

After announcing this week it will link its future carbon market to the EU's, Australia may look to California next as a potential emissions-trading partner, but the US state may be less keen to ce

This report sets out the final recommendations of the Panel for the role, design, and operations of the CDM.

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