carbon trading ( a view in india)
TRANSCRIPT
Sagar institude of science , tecnology and research
Presented by :--
Tohid khan
This presentation coversWhat Is Carbon Trading Silent Features Of Carbon Trading History Of Carbon Trading Criticism Of Carbon Trading Examples Of Carbon Trading CARBON CRADIT( Carbon Cradit Traders In India
What is carbon trading
'Carbon Emission Trading' Is A Type Of Emission Trading That Specifically Targets Carbon Dioxide And Its Constituent's Emission.It Is Calculated In Tones Of Carbon Dioxide Equivalent Or tCO2e.
What is carbon trading
The Various Deefiniation Of Carbon Trading Are :-
A. carbon trading is "an aproach used to control carbon dioxide (CO2) polution by providing economic incentives for achieving emissions reductions. it is some thing called cap and trade or carbon emossions trading."
What is carbon trading
B. ''An exchange of carbon credits batween nations designed to reduce emissions of carbon dioxide. the carbon tradeallows countries that have higher carbon emissions to purchase the right to release more carbon dioxide into the atmosphere from countries that have lower carbon emissions".
Silent features of carbon trading
Salient Features Of Carbon Treading Are
Discussed Below:
1. The Carbon Trading Is A Common Method That Countries Utlize It, In Order To Meet Their Reduction Of Carbon Emissions Specified By The Kyoto Protocol.
Silent features of carbon trading
2. Carbon Trading A Country Having More
Emissions Of Carbon Is Able To Purchse The Right To Emit More And The Country Having Less Emission Trades The Right To Emit Carbon To Other Countries. More Carbon Emitting Countries, By This Way Try To Keep The Limit Of Carbon Emission Specified To Them.
Silent features of carbon trading
3. Carbon Trading Is Administered By A Central Authority Such As A Goverment Or International Organization Which Sets A Limit Or Cap On The Amount Of CO2 That Can Be Emitted.
4. The Transfer Of Creadits Is Refferd To As A Trade.The Buyer Therefore Pays To Pollute, While The Seller Is Financially Rewarded For Reducing CO2 Emissions.
Silent features of carbon trading
5. Companies Are Issued Permits That Require Them To Hold Allowances (Or Credits) In Order To Emit An Equivalent Amount Of CO2. The Total Amount Of Allowances And Credits Cannot Exceed The Cap, Limiting Total Emissions Of That Level.
6. In Theory, Companies That Need To Increase Their Allowance Must Buy Credits From Those Who Pollute Less.
History of carbon trading
Carbon Trading Began In Response To The Kyoto Protocol, Signed By 180 Contries In 1997. The Kyoto Protocal Called For 37 Industrialized Countries To Reduce Their Green House Gases Emission Between The Years 2008 To 2012 To Levels That Are 5% Lower Than Those Of 1990.
History of carbon trading
Article 17 Of The Kyoto Protocal Established Emissions Trading By Allowing Countries That Have Emission Units To Spare (Emissions Permitted To Them But Unused) To Sell This Excess Capacity To Countries That Are Over Their Emissions Limits.In Effect, This Created A New Commodity In The Form Of Emission And Created Carbon Market.Since CO2 Is The Principle Greenhouse Gas, Emissions Trading Effectively Become Carbon Trading.
Criticism Of Carbon Trading
Opposition Of Carbon Credit Trading Has Grownup Due To The Faith That Such Approaches Little Help To Climate Change.
Instead, This Carbon Trading Provide Substantial Profits For Corporate Greenhouse Gas Polluters.
Criticism Of Carbon Trading
Criticizers Point Out That This Carbon Trading Is Failure, In Accounting And The Negative Impact Of The Carbon Emission On Local Communities. In Addition, It Is Asking That Carbon Trading Does Not Solve The Overall Pollution Problem Since Net Reduction Would Require Fewer Allowances Rather Than Permitting Group That Pollute Less To Sell Their Allowances To The Higher Bidder.
Examples Of Carbon Trading nation there schemeAUSTRALIA CARBON PRICING MECHANISM
EUROPEAN EUROPEAN UNION EMISSIONS TRADING SCHEME (EU ETS)
JAPAN JAPAN VOLUNTARY EMISSION TRADING SCHEME (JV ETS )
NEW ZEALAND NEW ZEALAND EMISSIONS TRADING SCHEME (NZ ETS)
PEOPLE'S REPUBLIC OF CHINA PILOT EMISSIONS TRADING SCHEMES
REPUBLIC OF KOREA KOREA'S EMISSION TRADING SCHEME
Examples Of Carbon Trading nation there schemeSWITZERLAND SWISS EMISSION TRADING SCHEME
UNITED KINGDOM CRC ENERGY EFFICIENCY SCHEME
UNITED STATES CALIFORNIA
REGIONAL GREENHOUSE GAS INITIATIVE (RGGI)
WESTERN CLIMATE INITIATIVE (WCI)
Carbon Cradit In India - Fact India Pocketed Rs 1,500 Crores In
The Years 2005 Just By Selling Carbon Cradit To Developed Country Client
India Has Generated 30 Millions Crbon Cradits & 140 Millions Are In Pipeline.
Carbon Cradit Traders In India Andhyodayn Green Energy Reliance Energy Ltd. Tata Motors Limited Grasim Ind. Ltd. Tata Steel Limited Bajaj Finserv Limited Indo Gulf Firtilizers Dharival Ind. Ltd.
Carbon Cradit Traders In India Indus Technical & Financial Consultant Ltd. Tata Power Company Limited Madhya Pradesh Rural Livelihood Project Blue Star Energy Services Ltd. Valera Global Inc. Rajasthan Renewable Energy Corp.
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