‘Polluters should not get away with paying for carbon emissions’

The following is the text of the Intervention made by Union Minister of Environment, Forest and Climate Change, Shri Prakash Javadekar, at the Second Meeting of the Business Dialogue for COP-21 hel

The case for climate action has never been stronger. Current weather extremes, including storms, floods and drought, affect millions of people across the world. Climate change is putting water security at risk; threatening agricultural and other supply chains as well as many coastal cities.

This is a summary of the in-session workshop on gender-responsive climate policy with a focus on mitigation action and technology development and transfer requested by decision 18/CP.20. The workshop was held in Bonn, Germany, on 8 and 9 June 2015, during the forty-second sessions of the subsidiary bodies.

This draft solar policy released by Delhi government's advisory body Delhi Dialogue Commission (DDC) recommends generation of 1,000 MW solar power for the national capital by 2020. It is proposed to double it to 2 GW during the next five years (by 2025) 

Financial support for developing countries is a core issue under the United Nations Framework Convention on Climate Change (UNFCCC). Industrialised countries strongly emphasise the potential role of carbon markets in mobilising the required finance.

At the end of November, governments will come together in Paris to hammer out agreements for a successor to the Kyoto Protocol.

This study clarifies the definition of results-based financing (RBF) and in particular its role in the context of climate policy. The publication is aimed at readers from the carbon markets and climate finance communities alike.

Clean development mechanism (CDM) was included in the Kyoto protocol to support sustainable development in developing countries through technology transfer from developed countries along with the mitigation of greenhouse gas emissions. More than 1000 projects which were registered under CDM from India in the United Nations Framework Convention on Climate Change have been reviewed. Through a CDM project, India as a developing country has enhanced the development of renewable energy projects with financial support through the sale of carbon credit.

Carbon markets are considered a key policy tool to achieve cost-effective climate mitigation1, 2. Project-based carbon market mechanisms allow private sector entities to earn tradable emissions reduction credits from mitigation projects. The environmental integrity of project-based mechanisms has been subject to controversial debate and extensive research1, 3, 4, 5, 6, 7, 8, 9, in particular for projects abating industrial waste gases with a high global warming potential (GWP).

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