Carbon credits by vins
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CARBON CREDIT [email protected] 1 Mr. VINAYAK SALUNKHE • M.Sc. 1 (ENVIRONMENTAL SCIENCE) • SHIVAJI UNIVERSITY,KOLHAPUR, (MH),IND
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Transcript of Carbon credits by vins
CARBON
CREDIT
Mr. VINAYAK SALUNKHE• M.Sc. 1 (ENVIRONMENTAL SCIENCE)• SHIVAJI UNIVERSITY,KOLHAPUR,
(MH),IND
Why it is burning topic ?
UNSUAL SENARIOSCLIM
ATE CHANGE
ACID RAIN, DROUGTS, BIODIVERSITY LOSS
GLOBAL WARMING, OZONE DEPLETION
Rapid Industrial Growth
Increased energy consumption
Increased CO2 and other GHG emissions
Global Warming due to increased concentration of GHG
CLIMATE CHANGE
◦Sequestration, to reduce the impact of emissions
◦Offset the impact of emission of GHG by undertaking greener project
WHAT IS CARBON CREDIT AND HOW ITS WORKS ?
What
• A permit which allows a country or org. To produce certain amount of carbon emission & which can be traded if the full allowance is not used
How
• If 100 tonnes CO2 were being emitted & it is reduced to 80 tonnes of CO2 you will get 20 carbon credits
why
• Credits are given for voluntary reduction of GHGs
• For shift to less carbon intensive fuel, process tech.
United Nations Framework Convention on Climate Change ( UNFCCC )
• The Convention divides countries into two maingroups - Annex I & Non-Annex I Countries
• Annex I (developed countries) agreed to reducetheir GHGs by 5.2 % below 1990 levels in 1stcommitment period 2008 – 2012Carbon Credit is a BRAIN CHILD of Kyoto protocol
9KYOTO PROTOCOL (1997)• The Kyoto Protocol is only binding 'industrialized‘ or 'developed‘ countries. These are states listed in Annex 1 of the UNFCCC
• The protocol commits developed countries to specific targets for reducing their green house emissions
• Each country has a prescribed number of 'emission units' which make up the target emission
• The Kyoto Protocol provides mechanisms for countries to meet their emission targets
Technology transfer & project financing
Developing
Countries
Carbon credits
Developed
countriesCDM
Eg. USA
Eg. India
Project Design Documents
LOA by (Indian CDM Authority)
Validation
Registration
Verification and certification & issue CERs
CDMproces
s
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India and carbon creditsCountry CER Issued1. China 120,105,7882. India 34,122,5243. Brazil 19,433,5474. Republic of Korea 14,599,555
PROJECTS IN INDIA (Total 950+)
1. Maharashtra 1422. TN 120 3. Karnataka 1134. AP 100 5. Gujarat 98
Carbon credit is issued by Clean Development Mechanism (CDM) Executive Board for emission and reductions achieved by CDM projects and verified under the rules of Kyoto Protocol.
14Game of moneyPrice Movement ECX (Euro) MCX (Rupees)
Average Price movement in a day 0.39 Euro 38
Maximum price movement in a day 4 228
All time high (2007)(per ton) 26 1482
All time low (2007) (per ton) 11.8 672.6
Current value of carbon credit is below 1 euro i.e. 0.40 euro (2016)Source:-carbon trade website
15Success stories in Economic times
• Shri Pandurang SSK earns carbon credits Jayashree Bhosale, ET Bureau Jun 24, 2012, 11.15PM IST PUNE: The Shri Pandurang Sahakari Sakhar Karkhana (SSK) from Solapur has earned carbon credits(certified emission reduction - CER) worth Rs 4 crore. The sugar mills earned the carbon credits for generating baggase-based electricity.
• Reliance investing in solar energy in Rajasthan which will be biggest project of green energy
• Tata Power Buys AES’ Gujarat wind farm AES Saurashtra ET Bureau Oct 9, 2013, 02.04AM IST
16Controversy over C• Companies holding carbon credits stare at 'real loss'Namrata Singh| TNN | Mar 11, 2014, 01.16 AM ISTMUMBAI: Indian companies, which had invested in clean development mechanism (CDM) projects under the Kyoto Protocol to claim carbon credits, now stand to face a "real loss" on unsold credits, as opposed to a notional loss, with prices falling below one euro. Industry estimates peg the notional loss at Rs 10,500 crore.
• Role of Agriculture is neglected in carbon sequestrationCarbon Trading: Action Or Distraction?By Brian O'Connell there are no any direct way to actually reduce carbon emission
conclusion• while many experts agree that putting a price on the cost of carbon is good, becauseCARBON CREDIT is enhancing green efforts to reduce carbon emission, but,• it is not actually reducing it , it is only monetary tool to built supportive investment in renewable energy. •Ultimately developing countries like India, brazil got better chance to use this money to meet their increasing future energy demand with benefits of sustainable way.
THANK YOU
FEEDBACKMr. Salunkhe Vinayak M. M.Sc. 1 (ENV. SCI.)E-mail:- [email protected] +91 7588167721
