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What are the current problems in our environment today… ??
Sea level increasing
Endangered species…
Weather becoming more hotter….!!
GLOBAL WARMING !!
Carbon trading
The Kyoto Protocol is an international agreement
linked to the United Nations Framework Convention
on Climate Change(UNFCCC) passed on 11
December 1997 in Kyoto, Japan but came in force on
16 February, 2005.
Countries involved in Kyoto
protocol
Countries that ratify
this protocol commit to
reduce
(a) their emissions of
carbon dioxide .
(b) Other greenhouse
gases
(c)engage in emissions
trading if they maintain
or increase emissions of
these gases.
CARBON
TRADING
CARBON CAP-TRADE PROGRAM CARBON OFFSETTING
CARBON CREDIT
1 CARBON CREDIT ≈ 1 ton of CO2 or its equivalentgreenhouse gas (GHG) whichis an entitled certificate byUNFCCC (United Nations
Framework Convention on
Climate Change)
Benefits of Carbon Trading
1. Reduction in green house gas emission
2. Source of revenue for
developing nations
3. Supports a free market system
Disadvantages of CARBON TRADING:
• Right to pollute
Industries in the ratified nations are purchasing legal rights to
pollute the
atmosphere
• Slow process
Industries are opting the easy way– purchase more allowances than
implementing greener technologies
• Lack of centralized system or global framework
Absence of a centralized and accepted global standards/act are
missing
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.