Literally, today you can earn carbon credits for doing virtually anything…even dreaming.
But that has bought us to another problem – how to do, when to do, who is to do…..
A lot of us believe that we are being fed with &quot;NON-SENSE&quot; in name of global warming. Also, do take a note of the year this cartoon was released – 2007. we will refer to this after couple of slides.
The findings associated with global warming have always been questioned. Remember the cartoon of 2007? This view has got a boost recently due to certain “re-statement” of facts.
One of the key “restatements” has been that of receding Himalayan glaciers. We won’t go in to details of this because we are sure you would have already read a lot about it. After all it was a mistake by IPCC – the organisation which is usually regarded as the final word on global warming and has even earned a Noble prize for its findings such as these.
Foreign companies which cannot fulfill the protocol norms can buy the surplus credits form companies in other countries through trading
Stage is set for Credit Emission Reduction (CER) trade to flourish
India is considered as the largest beneficiary of carbon trading, claiming about 31% of the total world carbon trade through the Clean Development Mechanism (CDM), which is expected to earn in at least $5-10 billion over a period of time.
After three months of confabulation within the government, on 09-Mar-10 India allowed a conditional association of its name with the Copenhagen Accord
the accord is meant to facilitate the ongoing negotiations in the two tracks (of the formal UN negotiations) and that it is not a legally binding document .
its name be used to back the accord only if all its conditions, including the fact that the pact will not become a new track of negotiations or a template for outcomes, is indicated in the Copenhagen Accord.
Common but Differentiated Responsibility at Int’l Level
Same principle at national level as well to bridge the ‘rich‐poor’ divide & ensure fulfillment of development needs
Recent study: Significant carbon footprint of a relatively small wealthy class (1% of the population) is camouflaged by the 823 million poor population of the country, who keep the overall per capita emissions below 2 tonnes of CO2 per year.
PM has recently addressed issue of ‘lifestyle changes’ at the national level
A Clean Energy Cess is being imposed on coal, lignite and peat produced in India. This cess would be levied and collected as a duty of excise from coal mines. The rate of the cess, the date from which it will be effective and the rules and procedure for its collection shall be notified after the enactment of the Finance Bill, 2010. This cess would apply to imported coal as CVD.
A uniform concessional rate of duty of 4% is being prescribed for parts, namely batteries including battery chargers, electric motors and AC or DC motor controllers required for manufacture of all categories of electrical vehicles including cars, two wheelers and three wheelers (like „Soleckshaw‟) subject to actual user condition. This concession will be available till 31.03.2013. Such vehicles will also be charged to excise duty @ 4%.
Full exemption from excise duty has been provided for few more specified raw materials for the manufacture of rotor blades for wind operated electricity generators
Full exemption from Additional Duty of Customs being provided to Carbon Black Feedstock and Waste Paper.
Full exemption to –
Bio-polymer/bio-plastics (HS Code 39139090) used for manufacture of biodegradable agro mulching films, nursery plantation & flower pots
Specified parts namely, batteries including battery chargers, electric motors and AC or DC motor controllers imported for manufacture of all categories of electrical vehicles including cars, two wheelers and three wheelers (like Soleckshaw) with CVD of 4% and full exemption from special CVD till 31.03.2013.
Concessional basic customs duty of 5% to-Machinery items, instruments, appliances required for initial setting up of solar power generation projects or facilities with full exemption from excise duty/ CVD
The first commitment period of the Kyoto Protocol excluded forest conservation/avoided deforestation
- carbon emissions from deforestation represent 18-25% of all emissions, and will account for more carbon emissions in the next five years than all emissions from all aircraft since the Wright Brothers until at least 2025.
will lend predictability to energy prices , whereas cap-and-trade systems will aggravate the price volatility that historically has discouraged investments in less carbon-intensive electricity generation, carbon-reducing energy efficiency and carbon-replacing renewable energy.
can be implemented much sooner than complex cap-and-trade systems. Because of the urgency of the climate crisis, we do not have the luxury of waiting while the myriad details of a cap-and-trade system are resolved through lengthy negotiations.
are transparent and easily understandable , making them more likely to elicit the necessary public support than an opaque and difficult to understand cap-and-trade system.
can be implemented with far less opportunity for manipulation by special interests, while a cap-and-trade system’s complexity opens it to exploitation by special interests and perverse incentives that can undermine public confidence and undercut its effectiveness.
address emissions of carbon from every sector, whereas some cap-and-trade systems discussed to date have only targeted the electricity industry, which accounts for less than 40% of emissions.
Carbon tax revenues would most likely be returned to the public through dividends or progressive tax-shifting, while the costs of cap-and-trade systems are likely to become a hidden tax as dollars flow to market participants, lawyers and consultants.
A tsunami is rolling across the climate science establishment since the e-mails were leaked from the Climatic Research Unit (CRU) at the University of East Anglia. What climate warming skeptics have been saying for years is now being examined seriously for the first time and the results are making headlines in major newspapers. Professor Phil Jones, head of CRU, has now stated the warming from 1975-1998 is no different than that of 1860-1880 and 1910-1940. That there has been no statistically significant warming since 1995 and the Medieval Warm Period could indeed have been global. They are comments for which he would have been labeled a “denier” or “flat earther” a scant three months ago.
Read More at http://www.delcotimes.com/articles/2010/03/07/opinion/doc4b93166a65b71184122352.txt