March 16 (Bloomberg) — JSW Steel Ltd., India’s third- largest producer of the alloy, won additional carbon credits for reducing greenhouse gas emissions at a project in the southern state of Karnataka.
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India carbon
AHMEDABAD (Commodity Online): India’s state-run public sector oil explorer, Oil and Natural Gas Corporation Ltd (ONGC) (BOM:500312) today announced that its Clean Development Mechanism (CDM) of 51MW wind power project located in Gujarat has been registered with United Nations Framework Convention on Climate Change (UNFCCC).
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SINGAPORE: Eminent jurists from across the world, led by the Chief Justice of Singapore, Chan Seek Keong, have called for concerted efforts from both the developed and developing countries to reduce carbon emissions as per the Copenhagen summit on climate change.
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EU carbon trading windfalls under fire from Lord Turner
The carbon trading scheme, which is meant to penalise heavy polluters and reward those who reduce their emissions, currently gives out large numbers of “allowances” to companies for free, which can then be sold for cash on the open market.
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Opinion: Kenya misses out on carbon trading billions
Kenyan companies are missing billions of shillings in new revenue because of lack of expertise to develop projects that help reduce carbon dioxide emissions and therefore earn from the global carbon trading market.
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UNFCCC official: Exec Board to announce CDM changes
One of the proposals is to increase the time project developers have to respond to queries on their projects, says John Kilani, director of the sustainable development mechanisms (SDM) programme at the UNFCCC.
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India woos foreign investment with CDM reforms
The Indian government is proposing a set of reforms to Kyoto Protocol standards for Clean Development Mechanism (CDM) projects, which involve scrapping further charges to developers, to push through more CDMs and keep investment flows alive, the Indian government climate change representative and government adviser Prodipto Ghosh announced Tuesday.
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Downsizing deals – Corus to receive GBP 250 million in carbon credits
It is reported that Corus looks set to receive at least GBP 250 million in carbon credits over the next 3 years despite mothballing its Teesside steel plant. The future of these credits for its Redcar steelmaking complex is likely to play a key part in ongoing negotiations between the company and three prospective purchases.
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Opinion: Estonia to sell about a billion kroons worth of carbon credits
Estonia may sell about $87 million worth of spare United Nations carbon credits this year assigned to the east European country under the 1997 Kyoto Protocol, double the initial plan, a senior government official said according to Bloomberg.
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Wal-Mart takes steps to cut suppliers’ carbon footprint
NEW YORK — Wal-Mart Stores Inc. wants its suppliers to reduce 20 million metric tons of greenhouse gas emissions by the end of 2015.
The world’s largest retailer’s push goes beyond its efforts to date to reduce its own emissions by designing more energy-efficient stores and pursuing alternative fuels for its fleet of trucks.
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Carbon scheme critic profits up
Truenergy, an outspoken critic of the emissions trading scheme, enjoyed a hefty rise in earnings last year after record output from one of the country’s most carbon-intensive power stations.
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CPRS Carbon Pollution Reduction Scheme could attract fraudsters
Prime Minister Kevin Rudd yesterday pledged he would not “walk away” from his defeated Carbon Pollution Reduction Scheme, but there are concerns any such scheme could provide an avenue for organised crime gangs to defraud a carbon market.
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Carbon Conference: Chicago Climate Exchange VP to address Carbon Conference 2010 Participants
INDIANAPOLIS — Galvin Strategies and Carbon Solutions Group have organized the Midwest’s first conference to address the world’s fastest growing market: The Carbon Market. The Carbon Conference 2010: The Economics of Carbon will be held on March 11, 2010 at the Westin Indianapolis, and will host a number of experts in the areas of utility management, environmental management, carbon offsets and emissions trading.
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Press Release: Cemtrex Offers New Carbon Dioxide Monitoring Data Logger
Cemtrex announced today the release of the CDD 300 Carbon Dioxide Data Logger for measuring and analyzing carbon dioxide levels inside a commercial building. This tool allows energy auditors to evaluate some of the major costs directly related to Heating, Ventilation, and Air Conditioning (HVAC) equipment in office buildings, shopping centers, hospitals, restaurants, malls and airports. By utilizing Cemtrex CDD 300 tool, energy auditors can determine how carbon dioxide levels fluctuate throughout a building as an indicator of occupancy patterns. It is then possible for them to determine whether the building is over-ventilating according to ASHRAE 2007 Standard 62.1 and thus a reduction in energy consumption may be possible by applying demand control ventilation.
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NZX profits up after carbon registry hit
NZX Ltd, which regulates and operates the stock exchange, posted a weaker full-year profit than it achieved in the first six months of the year, after recognising a drop in the value of the ‘Markit’ shares it got for the sale of its TZ1 carbon registry business.
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India plans meet to share carbon space equitably
NEW DELHI: Taking the lead in working out an equitable system for sharing the limited carbon space, India is planning to hold an internationalconference of experts in June. The goal of the conference will be to outline ways in which equity in burden sharing can be operationalised in a manner that doesn’t hamper the development goals of non-industrialised countries.
Continue Reading at EconomicTimes.IndiaTimes
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Press Release: Successful PrintCity Munich Workshop – Carbon Footprint and Energy Efficiency
The PrintCity Alliance completed a successful first Graphic Industry Supply Chain Workshop on the subject Carbon Footprint & Energy Efficiency during February 2010 in Munich.
The keynote speaker was Gary Marshall from the UK printing group Polestar, an early adopter of a proactive carbon and energy reduction programme. “We must look at the whole picture and remember that some of our environmental efforts are often still ‘work-in-progress’. Polestar seeks solutions to manage its Carbon Footprint creatively and economically, in tandem with our customers and suppliers. The future needs more joined-up thinking that crosses over the full industry supply chain.”
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Report: Carbon rules will not spark exodus, says study
The regulation of carbon dioxide emissions does not drive industries abroad, a new report says.
According to its findings, the European Union’s emissions trading scheme, one of the world’s toughest mechanisms for carbon regulation, would only result in businesses accounting for about 2 per cent of emissions under the scheme moving their production overseas.
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In a setback to the Municipal Corporation of Chandigarh, legal experts have shot down its proposal to apply for certified emission reduction credits (CER). The civic body was contemplating applying to the United Nations Frame Work Convention on Climate Change for CERs and had sought legal opinion on the issue.
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New Delhi, Feb 8 (PTI) Seeking to make constructive contribution to the climate debate, India today said it had commissioned a study on equity of existing carbon space in the atmosphere, which could be crucial in determining the quantum or reduction in the emission of greenhouse gases
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India Saturday conveyed to the UNFCCC information on the voluntary domestic mitigation actions it will undertake to reduce the emissions intensity of its GDP by 20-25 per cent by 2020.
The blueprint was submitted by India a day before the January 31 UN deadline for submitting the climate steps under the Copenhagen Accord.
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With the first car’s successful trial run complete, Scomi is tasked with creating a sustainable urban transit system expected to benefit 300,000 daily commuters.
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New Delhi, Jan 30 (PTI) India today conveyed to the UNFCCC information on the voluntary domestic mitigation actions it will undertake to reduce the emissions intensity of its GDP by 20-25 per cent by 2020.
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The Indian Premier League has teamed up with the United Nations Environment Programme to commit the national sport to carbon off-setting and greener practices. The Indian Premier League will start on 12th March 2010, when the new climate-friendly programme will commence.
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Science council works on project to help brick industry switch to resource-efficient method.
Copenhagen summit may have failed to draw a succinct map for reduction in carbon emission, but Punjab has started doing its bit, brick by brick.
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Having agreed to accede to the January 31 U.N. deadline, the government has started working on a blueprint detailing emission cut targets and climate steps to be submitted under the Copenhagen Accord.
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The three-day international seminar which concluded here on Thursday warned steel producers against the outcome of carbon emissions in the wake of expansion of steel plants in the country to produce 200 million tonnes steel by 2020.
Steel Authority of India’s (SAIL), Director (Personnel), G Ojha stressed the need for clean development mechanism for reduction of carbon emissions from the production of steel to the extent of 200 million tonnes within the next decade.
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APL has achieved yet another laurel, a global first with certification of its first super critical technology based upcoming project at Mundra from United Nations body authorized under Kyoto Protocol to register such projects after elaborate and stringent scrutiny. This is the world’s first project based on Super-critical technology to get registered as CDM Project under UNFCCC.
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An expert group to prepare a strategy for low carbon economy for India was constituted Friday by the Planning Commission. The 26-member group will be headed by eminent economist Kirit Parikh.
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