Posted in India on April 10, 2009
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Indian companies are increasingly deferring green projects that could have earned them carbon credits under the Clean Development Mechanism (CDM). This is mainly due to the fall in the prices of Carbon Emission Reduction (CER) credits due to the global downturn. The CER prices, having fallen below €10 per unit in the secondary markets and the profitability of many emission cutting projects becoming uncertain, Indian companies are now focusing on their existing renewable energy plans that save costs.
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Posted in India on April 9, 2009
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New Delhi, April 9 (IANS) A small afforestation project in Haryana has become the first in the world to qualify for carbon credits, which the project managers can sell in a developed country.
The European Commission (EC), which has co-funded the Haryana Community Forestry Project - of which this project to get carbon credits is a small part - said in a statement here Thursday that this was the first small-scale afforestation project in the world to get certified by the Clean Development Mechanism (CDM) of the UN.
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Posted in India on April 8, 2009
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* Carbon tariff on steel, other exports is protectionism
* Onus for action on developed countries
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Posted in India on April 6, 2009
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Gujarat Fluorochemicals had touched an intraday high of Rs 86.85 and an intraday low of Rs 75.30. At 10:09 am, the share was quoting at Rs 84.00, up Rs 11.60, or 16.02%.
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Posted in India on April 1, 2009
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The International Air Transport Association (IATA) challenged the aviation industry and governments to bring an aligned global approach on aviation carbon emissions to the United Nations Framework Convention on Climate Change (UNFCCC) conference to be held this December in Copenhagen.
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Posted in India on March 31, 2009
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New Delhi (PTI): Agriculture, a significant mitigator of greenhouse gases, should be included in the global climate change negotiations to be held at Copenhagen, Denmark in December, a U.S. think-tank has said.
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Posted in India on March 26, 2009
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Mumbai The closure of the 25-year-old dumping ground at Gorai creek in Borivli has earned the Brihanmumbai Municipal Corporation Rs 27 crore by trade of an estimated 31,033 tonnes of carbon credits a year. The Asian Development Bank has agreed to purchase the carbon credits from the civic body at a cost of 12 Euros per carbon credit till 2014 and has made the payment for 50 per cent.
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Posted in India on March 24, 2009
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New Delhi, Mar 23 (PTI) The Income-Tax department is mulling tax on carbon credit trade, estimated to yield for the exchequer an estimated Rs 1,000 crore.
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Posted in India on March 21, 2009
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New Delhi, Mar 19 (ANI): The National CDM Authority (NCDMA) in the Ministry of Environment and Forests took a further step in applying the principles of e-governance by launching a new website today.
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Posted in India on March 19, 2009
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By expressive their exasperation at not being able to convince the public and political leaders about how close the earth has come to climate catastrophe, the environment scientists who gathered at Copenhagen last week for a global meet on climate change were signalling having reached a cul-de-sac. Whatever little was happening on emission reductions through the carbon trading mechanism has been halted by the collapse of the carbon market, in the wake of the global economic recession. At the same time, no headway has been made in crafting a global climate treaty, due by the end of 2009, to eventually take the place of the Kyoto protocol on climate change that expires in 2012.
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Posted in India on March 18, 2009
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NEW DELHI: The Reserve Bank of India (RBI) has allowed Indian companies to hedge carbon credits and freight contracts on overseas exchanges, a move that will help them cope with the intense volatility in global markets. With this, carbon credits and freight have been recognised as commodities by the RBI, and will join the ranks of metals, bullion, energy and agricultural produce, which are already permitted to be hedged abroad.
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Posted in India on March 15, 2009
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Srinagar: Five days after The Indian Express reported that J-K Chief Minister Omar Abdullah is planning to scrap a Memorandum of Understanding (MoU) between the J-K State Power Development Corporation (JKSPDC) and a private consultancy firm, the Directorate of Information on Sunday issued a statement quoting a “non-existent” spokesman of the corporation. It said the “Baglihar Hydro-Electric Project is not eligible for seeking carbon credits under the Kyoto Protocol” besides the “perceived loss to state exchequer is misconceived and the corporation has not referred such operational matters to the state Cabinet”.
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Posted in India on March 8, 2009
Posted in India on March 7, 2009
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The economic slowdown has reduced the price of carbon credits by 50 percent.
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Posted in India on March 6, 2009
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Indore City Transport Services Ltd (ICTSL) has made its claim for Carbon Credit. In this regard, the company has made a presentation in Delhi yesterday. If the claim of carbon credit is accepted by the Union government and the designated authority concerned, the company could earn a revenue of Rs 1 crore per annum for its 100 city buses.
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