We will Talk About• Global Warming• Kyoto Protocol and Mechanisms• Role of India• Measures and Policies• Current Affairs
Global Impacts & Implication Hurricanes Diseases Polar ice melt Deaths from global warming Rise in Sea level.
Climate Change Rapid Industrial Growth Increased energy consumption Increased CO2 and other GHG emissionsGlobal Warming due to increased concentration of GHGIncreased Changes in Changes inSea Level wind and Crop yields precipitation
(UNFCC)United Nations Framework Convention on Climate ChangeWhat is UNFCC?How was it formed?The International TreatySignatories to the UNFCCC Annex 1 countries Annex 2 countries Non-Annex countries
Kyoto Protocol• International Treaty• Objective – Lower Overall GHG Emissions• Annex – 1 Countries• Annex – 2 Countries• Non – Annex 1 Countries
Time Line continued• 2008 – On The Road To Copenhagen• 2009 – Deadline For ‘Kyoto 2’• 2011 – Durban - COP
Kyoto Mechanisms• Three Mechanisms – Joint Implementation – Clean Development Mechanism – International Emission Trading
Joint Implementation• JI – Earning of ERUs(Emission Reduction Units)• Eligibility Criteria• Two Procedures:- – Track 1 – Track 2
What is CDM?• Clean Development Mechanism• A Flexibility Mechanism• CERs - standardized emissions offset instrument• 2 Objectives – to help developed countries fulfil their commitments to reduce emissions – to assist developing countries in achieving sustainable development.
Emissions Trading• IET – International Emissions Trading• Monetary value to the cost of polluting the air• Has place in Balance Sheet• Currently there are six exchanges trading in carbon allowances - the Chicago Climate Exchange, European Climate Exchange etc.
Carbon Trading in India• Examples – Jindal Vijayanagar Steel – Powerguda in Andhra Pradesh – Handia in Madhya Pradesh• Legal aspects of carbon trading – FMC launched carbon credit future contact – MCX started future trading on 4 Jan 2008 after Govt of India recognized carbon credits as commodities.
The National Action Plan• National Solar Mission• National Mission for Enhanced Energy Efficiency• National Water Mission• Green India Mission• National Mission for Sustainable Agriculture• National Mission on Strategic Mission on Climate Change
Current affairs ( kyoto protocol & carbon trading )• Climate talks offer no help to poor nations• Durban Talks • 12480 participants • 5400 government officials • 5800 representatives of UN bodies and agencies • Others more than 1200 members of the media• Canada withdraws from the kyoto protocol• Analysis calculates loss to Canadian economy from pulling out of Kyoto.• Jayanthi Natarajan terms Canadas withdrawal from Kyoto pact as violation of the climate change pact
Continued…• Ecologists to Challenge Kyoto Refusal• Stern Says Durban Conference A Success• India lost the plot at Durban• What U.N. climate talks agreed in Durban
Conclusion• India – one of the biggest markets in emissions trading• common but divided responsibility• Long sustainability• Climate talks offer no help to poor nations• Participation of countries like India may help in rupee appreciation