51688394 Carbon Credits Final Presentation 1
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Transcript of 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