| Sourced From 7thspace.com |
Hong Kong (HKSAR) – The Environmental Protection Department (EPD) today (December 1) announced the Supplementary Notes on the Implementation of Projects under the Clean Development Mechanism (CDM) by Hong Kong enterprises on the Mainland. The Supplementary Notes aim to facilitate Hong Kong enterprises to participate in CDM projects on the Mainland. The Supplementary Notes have been drawn up in accordance with the principles of “One Country, Two Systems” and the specific situation of the Hong Kong SAR following deliberations between the National Development and Reform Commission (NDRC) and EPD.
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Posted on December 3, 2009
· in Press Releases
| Sourced From Ecosystemmarketplace.com |
Africa has so far failed to harness the opportunities for sustainable development offered by the Kyoto Protocol’s Clean Development Mechanism, but First Climate’s Durando Ndongsok says it doesn’t have to be that way. He offers a recipe for success post-2012 – and it starts on the ground.
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Posted on November 25, 2009
· in Global
| Sourced From Emportal.rs |
Minister of Environment and Spatial Planning Oliver Dulic and representatives of Italian companies yesterday signed agreements on the allocation of a portion of funds, i.e. €200,000, for Project Design Document (PDD) regarding Clean Development Mechanism (CDM) projects.
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Posted on November 7, 2009
· in Europe
MUMBAI (Reuters) – Indian carbon offset projects seeking initial approval under a U.N.-backed scheme have fallen 30 percent because of the global recession, a top project developer and consultant said on Friday.
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Posted on August 1, 2009
· in India
| Sourced From Steelguru.com |
Kalinga Times reported that 4 environment oriented projects proposed by National Aluminium Company Limited under Clean Development Mechanism have been cleared by central ministry of Environment and Forests. NALCO will make total investment of INR 11 crore in these projects.
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Posted on July 29, 2009
· in India
| Sourced From NgrGuardianNews.com |
WITH the ongoing global efforts to reduce carbon emissions in developing countries, foreign firms seeking certified emission reduction (CER) credits have started turning to Nigeria, as two fresh approvals have been granted by the United Nations Framework Convention on Climate Change (UNFCCC) on Clean Development Mechanism (CDM) projects in the country.
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Posted on May 12, 2009
· in Global
| Sourced From Reuters |
LONDON, April 28 (Reuters) – Clean energy project developers Tricorona (TRIC.ST: Quote, Profile, Research) reported pretax profit of SEK 79.6 million ($9.69 million) for the first quarter of 2009 on Tuesday, sending shares of the Swedish company to a five-month high.
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Posted on May 3, 2009
· in Europe
| Sourced From IStockAnalyst.com |
(Source: Datamonitor)trackingCarbon markets consultancy Endesa Carbono and the Spanish Standardisation and Certification Association or AENOR have signed an agreement whereby the latter will validate and verify Endesa’s clean development projects for the reduction of greenhouse gas emissions, which are currently underway in over 15 countries, including Argentina, Bolivia, Guatemala, the Philippines, China and the United Arab Emirates.
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Posted on April 21, 2009
· in Global
| Sourced From EngineeringNews.co.za |
Danish energy giant, Dong Energy, and the Danish Embassy in South Africa on Wednesday signed an agreement that would see the embassy assist the company to enter the Clean Development Mechanism (CDM) market in South Africa.
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Posted on April 4, 2009
· in Global
| Sourced From Carbon Finance |
Japanese banks have been cleared to trade carbon credits from 12 December, a move expected by market players to have little short-term – but significant long-term – impact on the country’s fledgling domestic carbon market.
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Posted on December 18, 2008
· in Asia
A panel within the United Nation’s climate agency is working to ensure carbon offsets are not acquired through projects that would give profits even in the absence of offset sales.
Businesses operating in developed countries can offset their emissions by investing in CDM projects within the developing nations as per the guidelines of the Kyoto Protocol. However, this was designed to initiate additional emissions-reduction projects that would not have been commercially feasible if it hadn’t been for the chance to sell offsets.
From now on, developers launching a fresh emissions-reduction project need to notify the ministry of environment in their own countries plus the UN’s climate agency no later than six months after the project start date.
The panel’s recommendations can be viewed here.
Posted on August 6, 2008
· in Carbon Market News
Kunnigar Triyangkulsri, CEO of Barclays Capital in Thailand asserted the nation should cover up on CDM projects and the government needs to promote CDM development in the country.
At present, there are 46 small-scale CDM projects active in Thailand out of 3,000 all over the world. Mrs Triyangkulsri suggested the government should merge these small projects into one big one, which would give them greater access to funding sources. Hashika Patel of Barclays Capital said vocational training and education is one way to promote CDM projects in the country.
“CDM project developers would still benefit from further education on how to get CDM projects through the approval cycle of the United Nations in the most effective way, and about developments and price conditions on the demand side of the market,” stated Ms Patel.
She also supported Thai Finance Minister’s proposal to permit carbon trading in the domestic stock exchange. Simultaneously, Phichit Akrathit of MFC Asset Management Plc urged the government to back Thai investors and legalize CERs as securities.
Posted on August 5, 2008
· in Carbon Market News
