51688394 carbon credits final presentation 1

7/29/2019 51688394 Carbon Credits Final Presentation 1

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PRESENTED BY: Group 12

Dhruv Bhatia 84

Bhupesh Bhute 94

Megha Gandhi 96 Charanya Kumar 103

Vivek Singh 131


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Rise in Emissions

Emission of

Green House

gases

Emission of harmful gases

polluting the environment

Last Decade


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Frtgyhujikolp;[

l]\[

Meltingof polar

Ice

Floodand

hurricane

Rise in the SeaLevel


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Kyoto Protocol

Year-1997

Leaders from 166Countries

participated

Except 1 country all signed the Kyoto Protocol

to save the earth from CARBON emissions

Through

CARBON

CREDITS


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Kyoto Protocol

Under the Kyoto Protocol, the 'caps' or quotas

for Greenhouse gases for the developed Annex

1 countries are known as Assigned Amounts

and are listed in Annex B. The quantity of the initial assigned amount is

denominated in individual units, called

Assigned amount units (AAUs), each of whichrepresents an allowance to emit one metric

tonne of carbon dioxide equivalent, and these

are entered into the country's national registry


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What are Carbon Credits?

1 CARBON CREDIT 1 metric ton of CO2or its equivalent greenhouse

gas (GHG) which is anentitled certificate by UNFCCC.

Cap on Max. quantity of GHG emissions permitted

for developed and developing countries.

Each operator is allocated an allowance of credits

This allowances or credits gives licenses to emit a

fixed amount of pollutants in the environment.


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How does it work?

SRF has 10Units

MRF has12Units


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Carbon Trading

SRF sells 2 unitsof Carbon

credits to MRF

MRF paysmoney and buys

the 2 units ofCarbon credits


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What does a carbon credit buy?

These services help pay for:

Renewable energy sources such as solar, wind

and geothermal energy Energy efficiency technology

Reforestation practices

Planting trees

Low-emission machines

Organic farming

Waste-to-energy projects


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Where can I purchase carbon credits?

There are many environmental organizations

that offer their services when you purchase

carbon credits. Here are a few:

AtmosClear Climate Club

Bonneville Environmental Organization

CarbonFund.org


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What are the benefits of buying

carbon credits?

Even though you pay for carbon credits you are still helpingthe environment and reducing your carbon footprint. Hereare some other benefits of purchasing carbon credits:

Reduces carbon dioxide emissions Saves energy

Provides employment opportunities

Increases awareness of global warming

Conserves natural habitats and resources Introduces new technology

The most important aspect of buying carbon credits is thatyou know your money is going to an eco-friendly

and sustainable cause.


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Kyotos Flexible Mechanism Joint Implementation:

Under JointImplementation (JI) a

developed countrywith relatively high

costs of domesticgreenhouse reduction

would set up a projectin another developedcountry.


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Kyotos Flexible Mechanism

Clean Development mechanism:

Developed countries sponsor a greenhouse gas

reduction project in a developing country

Developed country would be given credits for

meeting its emission reduction targets

Developing country would receive the capital

investment and clean technology


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Kyotos Flexible Mechanism

International Emission trading(IET):

Under International Emission trading,countries can trade in the carbon credit

market to cover their shortfall in allowances.

Countries with surplus credits can sell them tocountries with capped emission

commitments.


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INDIAN SCENARIO

INDIAN SCENARIO


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INDIA AND KYOTO PROTOCOL

India signed and ratified the Protocol in

August, 2002.

India is exempted from the requirement ofadherence to Kyoto protocol.

Indian government has approved more than

1,400 projects as part of the Clean

Development Mechanism (CDM)


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INDIAS POTENTIAL

India Non Annex I country, has a large scopein emissions trading.

India and China together contribute to $5

billion of the global carbon trade estimated at$30billion.

It is one of the leading generators of CERs

through CDM. Analysts forecast that its trading in carbon

credits would touch US$ 100 billion by 2010.


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Carbon Trading in India

Multi Commodity Exchange of India Ltd. (

MCX) entered into a strategic alliance with

CCX in September 2005 to initiate carbon

trading in India.

The tie-up provides immense scope and

opportunity for domestic suppliers to realize

better prices for their carbon credits.


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POSITION OF INDIA

India is considered as the largest beneficiary,

claiming about 31 % of the total world carbon

trade through CDM.

It is expected to rake in at least Rs 22,500

crore to Rs 45,000 crore over a period of time.


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Carbon Credit Traders In India

Andhyodaya Green

Energy

Grasim Industries Ltd.

Indo Gulf Fertilizers

Indus Technical &

Financial Consultants

Ltd Madhya Pradesh Rural

Livelihoods Project

Rajasthan Renewable

Energy Corporation

Reliance Energy Ltd.

Tata Motors Limited

Tata Steel Limited

Bajaj Finserv Limited

Dhariwal Industries Ltd

Tata Power Company

Limited

BlueStar Energy Services

Inc.

Valera Global Inc.


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INDIAN COMPANIES:

TAK

ING ADVANTAGE Gujarat Fluoro Chemicals is amongst first companiesworldwide to get its carbon emission reduction projectcertified. It is set to reap rewards from the sale ofCERcredits.

Tata Steel is believed to have signed a MOU with theJapanese government agency NEDO

for sale of credits

accruing to it from carbon reduction following theimplementation of an over Rs 250 crore modernization andupgradation project.

NTP

C and several state electricity boards have also appliedfor carbon credit benefits. Most of them are replacing coal-based technologies with more environment-friendlyprocesses.


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CONCLUSIONS

In the new regime, the country could emerge asone of the largest beneficiaries accounting for 25% of the total world carbon trade, says a recent

World Bank report. Analysts claim if more companies absorb clean

technologies, total CERs with India could touch500 million.

Of the 391 projects sanctioned, the UNFCCC hasregistered 114 from India, the highest for anycountry.


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References

1. http://www.greenstudentu.com/encyclopedi

a/carbon_footprint/carbon_credits

2. http://www.pointcarbon.com/news/1.1427746

3. http://ourworld.unu.edu/en/the-pros-and-

cons-of-carbon-trading/

4. Understanding Carbon Credits by Gurmit

Singh.


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Thank you

51688394 carbon credits final presentation 1

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