SOCIO – POLITICAL RELATIONS CARBON CREDITUday Prakash
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The document discusses carbon credits and carbon trading in India. It defines carbon and carbon credits as permits that allow the holder to emit one ton of carbon dioxide. The concept of carbon credits arose to control greenhouse gas emissions from fossil fuels. India benefits from carbon credits through technological improvements, foreign investment, and profits from selling credits to developed countries. Several Indian companies and projects have earned carbon credits, and India hosts 20% of approved carbon offset projects worldwide, concentrated in renewable energy. The future of carbon trading in India is promising if transparent platforms facilitate fair deals between buyers and sellers.
Carbon credits are a key part of emissions trading programs designed to reduce greenhouse gas emissions. They represent the right to emit one ton of carbon dioxide and can be bought and sold on international markets. The Kyoto Protocol established a framework for countries to trade carbon credits through mechanisms like emissions trading, joint implementation, and the Clean Development Mechanism. While developed countries have mandatory emissions reduction targets under Kyoto, developing countries like India participate voluntarily but have emerged as a major player in carbon credit generation and trading.
Continuous Cover Forestry: an alternative model for the sustainable managemen...Edward Wilson
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This paper was presented at the Institute of Fisheries Management 7th Specialist Conference, on the theme "Forestry and Fisheries - Where Next?". The event took place at Rheged, Penrith, Cumbria, England on 21-23 April 2015.
The presentation provides an overview of the principles of Continuous Cover Forestry and its application to woodlands in Britain. In addition, information is provided on the opportunities and challenges associated with continuous cover forestry in wooded watersheds and catchments. There is a need for more case studies and long-term study of forest development and environmental interactions in watersheds.
Cap-and-Trade in the European Union: Policy and Politics in the EU ETSStefan U. Pauer, PhD
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The document discusses the structure and evolution of the European Union Emissions Trading System (EU ETS), the largest cap-and-trade system in the world. It describes the key design elements of the EU ETS including the declining emissions cap, allocation of allowances, and provisions to address carbon leakage. Additionally, it examines the political process around establishing the EU ETS and reforms made to the system over time.
Enhancement of Heat Extraction from Geothermal Reservoirs Using CO2 as A Work...Society of Women Engineers
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This document discusses using CO2 as a working fluid in enhanced geothermal systems (EGS) to improve heat extraction efficiency. CO2 has advantages over water as a working fluid such as lower viscosity and higher heat extraction rates. Models show CO2 migrating from near saturation at the injection well to a CO2-brine mixture at the production well over 55 years of operation. While CO2 has lower heat capacity than water, its use could complement CO2 sequestration efforts. Further research and lowering costs are needed to advance CO2-EGS technology and meet renewable energy goals.
Carbon Storage And Carbon Credits For Forest Management The Good, The Bad, An...Mike Ryan
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This document discusses carbon storage and carbon credits for forest management. It covers the complexities in accurately accounting for forest carbon over different scales of space and time given natural disturbances. While retaining existing forests and planting new forests are good options, other forest management activities like thinning may not provide long-term carbon benefits due to emissions and uncertainty around leakage. International deforestation also emits a significant amount of carbon annually.
Carbon credits allow entities to emit one ton of carbon dioxide. They are awarded to countries or groups that reduce emissions below quotas and can be traded internationally. Presently, Australia, the US, former Soviet Union, Japan, EU, China, Indonesia, and India account for most emissions. Carbon credits are acquired through mechanisms like the Clean Development Mechanism which allows developed countries to sponsor projects in developing countries. Credits are created through compliance markets governed by UN standards or voluntary markets accredited by independent standards. Buying credits funds carbon reduction projects and helps lower costs of renewable technologies. Trading credits globally impacts emissions, while generating profits allows India to invest in advancing technologies. Common carbon projects include renewable energy, forestation, energy efficiency, and
The document discusses greenhouse gases like carbon dioxide and their impact on global warming. It explains that carbon credits were created through agreements like the Kyoto Protocol to limit greenhouse gas emissions from countries and allow for carbon trading. Under the Kyoto Protocol, countries agreed to emission caps and could buy carbon credits from other countries or companies that had excess allowances to emit greenhouse gases. The flexibility mechanisms in Kyoto, like the clean development mechanism, aimed to reduce emissions on an international scale through carbon trading.
SOCIO – POLITICAL RELATIONS CARBON CREDITUday Prakash
Â
The document discusses carbon credits and carbon trading in India. It defines carbon and carbon credits as permits that allow the holder to emit one ton of carbon dioxide. The concept of carbon credits arose to control greenhouse gas emissions from fossil fuels. India benefits from carbon credits through technological improvements, foreign investment, and profits from selling credits to developed countries. Several Indian companies and projects have earned carbon credits, and India hosts 20% of approved carbon offset projects worldwide, concentrated in renewable energy. The future of carbon trading in India is promising if transparent platforms facilitate fair deals between buyers and sellers.
Carbon credits are a key part of emissions trading programs designed to reduce greenhouse gas emissions. They represent the right to emit one ton of carbon dioxide and can be bought and sold on international markets. The Kyoto Protocol established a framework for countries to trade carbon credits through mechanisms like emissions trading, joint implementation, and the Clean Development Mechanism. While developed countries have mandatory emissions reduction targets under Kyoto, developing countries like India participate voluntarily but have emerged as a major player in carbon credit generation and trading.
Continuous Cover Forestry: an alternative model for the sustainable managemen...Edward Wilson
Â
This paper was presented at the Institute of Fisheries Management 7th Specialist Conference, on the theme "Forestry and Fisheries - Where Next?". The event took place at Rheged, Penrith, Cumbria, England on 21-23 April 2015.
The presentation provides an overview of the principles of Continuous Cover Forestry and its application to woodlands in Britain. In addition, information is provided on the opportunities and challenges associated with continuous cover forestry in wooded watersheds and catchments. There is a need for more case studies and long-term study of forest development and environmental interactions in watersheds.
Cap-and-Trade in the European Union: Policy and Politics in the EU ETSStefan U. Pauer, PhD
Â
The document discusses the structure and evolution of the European Union Emissions Trading System (EU ETS), the largest cap-and-trade system in the world. It describes the key design elements of the EU ETS including the declining emissions cap, allocation of allowances, and provisions to address carbon leakage. Additionally, it examines the political process around establishing the EU ETS and reforms made to the system over time.
Enhancement of Heat Extraction from Geothermal Reservoirs Using CO2 as A Work...Society of Women Engineers
Â
This document discusses using CO2 as a working fluid in enhanced geothermal systems (EGS) to improve heat extraction efficiency. CO2 has advantages over water as a working fluid such as lower viscosity and higher heat extraction rates. Models show CO2 migrating from near saturation at the injection well to a CO2-brine mixture at the production well over 55 years of operation. While CO2 has lower heat capacity than water, its use could complement CO2 sequestration efforts. Further research and lowering costs are needed to advance CO2-EGS technology and meet renewable energy goals.
Carbon Storage And Carbon Credits For Forest Management The Good, The Bad, An...Mike Ryan
Â
This document discusses carbon storage and carbon credits for forest management. It covers the complexities in accurately accounting for forest carbon over different scales of space and time given natural disturbances. While retaining existing forests and planting new forests are good options, other forest management activities like thinning may not provide long-term carbon benefits due to emissions and uncertainty around leakage. International deforestation also emits a significant amount of carbon annually.
Carbon credits allow entities to emit one ton of carbon dioxide. They are awarded to countries or groups that reduce emissions below quotas and can be traded internationally. Presently, Australia, the US, former Soviet Union, Japan, EU, China, Indonesia, and India account for most emissions. Carbon credits are acquired through mechanisms like the Clean Development Mechanism which allows developed countries to sponsor projects in developing countries. Credits are created through compliance markets governed by UN standards or voluntary markets accredited by independent standards. Buying credits funds carbon reduction projects and helps lower costs of renewable technologies. Trading credits globally impacts emissions, while generating profits allows India to invest in advancing technologies. Common carbon projects include renewable energy, forestation, energy efficiency, and
The document discusses greenhouse gases like carbon dioxide and their impact on global warming. It explains that carbon credits were created through agreements like the Kyoto Protocol to limit greenhouse gas emissions from countries and allow for carbon trading. Under the Kyoto Protocol, countries agreed to emission caps and could buy carbon credits from other countries or companies that had excess allowances to emit greenhouse gases. The flexibility mechanisms in Kyoto, like the clean development mechanism, aimed to reduce emissions on an international scale through carbon trading.
This document discusses carbon credits and their role in addressing climate change. It begins by explaining the causes and impacts of climate change. It then defines carbon credits as certificates issued for reducing greenhouse gas emissions. Countries can trade carbon credits on the international market under the Kyoto Protocol's emissions trading mechanism. The document provides details on how carbon credits are generated and traded, and the role of the Clean Development Mechanism and other frameworks in facilitating emissions reductions between developed and developing countries. It concludes by emphasizing the social and economic benefits of participating in carbon credit markets.
Carbon credits represent the right to emit one tonne of carbon dioxide. The document discusses carbon emissions by country and sector. It describes Kyoto's flexible mechanisms for joint implementation, clean development, and international emission trading to reduce emissions. It notes criticism of carbon trading and India's role as a large emitter seeking to generate billions from trading carbon credits. The future may see a carbon price impact industries and more countries reducing emissions through various policies.
The document discusses assessing relative permeabilities in geothermal reservoirs through analyzing the effect of gravity on relative permeabilities, performing laboratory measurements using real geothermal fluids, and calculating relative permeabilities from field data at several geothermal fields in Iceland. The results showed differences in relative permeabilities with flow direction and magnitude, and that wells within the same field can follow different relative permeability curves. Comparisons were made between laboratory and field measurements.
Carbon credits are certificates that represent the right to emit one ton of carbon dioxide or the mass of another greenhouse gas. [1] The document discusses carbon credits in India, how buying carbon credits can reduce emissions, and criticisms of the carbon credit system. It explains that carbon credits create a market mechanism for reducing greenhouse gas emissions by allowing companies that emit less than their allotted limit to sell credits to those that emit more. However, the system is not perfect, as it can be difficult to accurately measure and account for emissions. [2] The Kyoto Protocol established carbon credits as a way for countries and companies to meet emission reduction targets, but criticisms remain about whether it adequately addresses the problem of climate change. [3
Carbon credits are reductions of greenhouse gas emissions, measured in tons of carbon dioxide, from projects that reduce emissions. They provide a way to reduce emissions on an industrial scale through trading. The Kyoto Protocol established mechanisms like Joint Implementation and the Clean Development Mechanism to generate carbon credits by financing emission reduction projects internationally. Credits can then be traded between countries and companies to help nations meet emissions targets cost effectively. However, some criticize that loopholes allow high emitting nations to avoid caps and question whether some offset projects deliver real reductions.
This document compares and contrasts carbon taxes and cap-and-trade policies for reducing greenhouse gas emissions. A carbon tax sets a fee per ton of carbon emissions to make polluting more expensive and encourage energy efficiency and cleaner energy. Cap-and-trade sets a limit on total emissions and allows companies to trade permits to emit. It provides an economic incentive to reduce emissions. Both approaches aim to lower emissions over time, but a carbon tax provides more predictability while cap-and-trade may face fewer political obstacles. An ideal solution would involve international cooperation on carbon pricing and flexible allowance prices with a focus on developing alternative energy sources.
This document discusses carbon credits and the carbon trading market. It provides background on climate change and greenhouse gas emissions. It summarizes the Kyoto Protocol and mechanisms established under it like the Clean Development Mechanism, emissions trading, and joint implementation. CDM projects in India like the Himachal Pradesh forestry project and Delhi Metro are highlighted. India is well positioned in the carbon market as a supplier of credits and there are opportunities for accountants and auditors in this growing area.
Carbon credits are permits that allow entities to emit one tonne of carbon dioxide. They are a key part of international attempts to mitigate greenhouse gas emissions. Under the Kyoto Protocol, countries and groups can earn credits by reducing emissions below their quotas, which can then be sold to other entities to offset their emissions. India is the second largest seller of carbon credits globally due to numerous registered clean development mechanism projects. However, Indian companies are hesitant to trade most of the credits they generate due to market uncertainties. One area with potential for credits in India is management of municipal solid waste through conversion to energy.
This presentation discusses carbon footprints and carbon credits. It begins by defining greenhouse gases and carbon dioxide's role in climate change. It then explains what a carbon footprint is and how to calculate one, including direct and indirect emissions. Methods for reducing carbon footprints through energy efficiency are also outlined. The presentation concludes by discussing carbon credits and trading, how countries and organizations can earn credits by reducing emissions. India's growing involvement in the carbon credit market is also briefly mentioned.
The document discusses carbon credits, which are a UN system that allows countries to trade units equivalent to 1 ton of CO2 emissions reduced. Developed countries that exceed emissions limits can cut emissions or buy carbon credits from developing countries to comply with the Kyoto Treaty, signed by 141 countries to reduce greenhouse gases by 5.2% by 2012.
The document discusses the Kyoto Protocol, an international treaty aimed at reducing greenhouse gas emissions. Some key points:
- The Kyoto Protocol sets binding emissions reduction targets for developed countries over two commitment periods: 2008-2012 and 2013-2020.
- 192 parties have ratified the treaty, though the US signed but did not ratify and Canada withdrew in 2011.
- The main goal is to reduce emissions of six key greenhouse gases - carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride.
- Countries can meet targets through domestic action or market mechanisms like emissions trading, joint implementation, and the Clean Development Mechanism which provides
This document discusses biodiversity and threats to it. It begins by defining biodiversity and describing it at three levels: genetic, species, and ecosystem diversity. It then outlines several major threats to biodiversity, including habitat loss, climate change, pollution, overexploitation, invasive species, and disease. It provides more detail on habitat loss, describing the causes from human activities like agriculture, resource harvesting, and development. Habitat loss is a primary driver of species extinction worldwide. The document also discusses poaching and how it negatively impacts species survival and ecosystem balance. It notes man-wildlife conflicts have increased due to competition over limited resources and describes some of the efforts to mitigate these conflicts.
IAS 24 aims to ensure financial statements disclose related party transactions that may influence the financial position or performance of an entity. A related party is a person or entity that can control, jointly control or significantly influence the entity. Disclosures include the nature and amount of transactions between the entity and its related parties, as well as information about key management personnel compensation. Certain government-related entities may be exempt from full related party disclosure requirements.
IAS 23 prescribes the accounting treatment for borrowing costs and provides guidelines for capitalizing borrowing costs for qualifying assets. Borrowing costs eligible for capitalization include interest expense, finance charges, and certain exchange differences from foreign currency borrowings. Capitalization begins when expenditures on the asset are incurred and activities to prepare it for use are in progress. Capitalization ceases when substantially all activities to prepare the asset are complete. The amount capitalized is either the actual borrowing costs of specific loans obtained for the asset or a capitalization rate applied to qualifying asset expenditures.
IAS 21 deals with accounting for foreign currency transactions and foreign operations in financial statements. It covers translating foreign currency transactions into the functional currency, translating the financial statements of foreign operations for consolidation, and translating financial statements into the presentation currency. The standard defines key terms like foreign currency, functional currency, foreign operation, and presentation currency. It specifies how to account for foreign currency transactions and translate financial statements initially and in subsequent periods.
This document summarizes the key principles of IAS 18 regarding the recognition of revenue. The standard provides guidance on when revenue from the sale of goods or services should be recognized, and specifies that revenue is recognized when it is probable future economic benefits will flow to the entity and those benefits can be reliably measured. The document outlines the criteria for recognizing revenue from various types of transactions and arrangements, including sales of goods, rendering of services, financing transactions, and customer loyalty programs.
IAS 17 provides guidance on classifying and accounting for leases. It distinguishes between finance and operating leases and sets out the required accounting treatment for each type from the perspectives of lessees and lessors. Key aspects covered include criteria for lease classification, accounting for lease payments and incentives, sale and leaseback transactions, and disclosure requirements.
IAS 16 provides the accounting requirements for property, plant, and equipment (PP&E). It requires PP&E to be recognized as an asset if it meets the definition of an asset and the recognition criteria. The standard addresses the initial measurement and subsequent accounting for PP&E, including depreciation, impairment losses, and derecognition. It also provides guidance on the choice between the cost model or revaluation model for subsequent measurement.
This document discusses carbon credits and their role in addressing climate change. It begins by explaining the causes and impacts of climate change. It then defines carbon credits as certificates issued for reducing greenhouse gas emissions. Countries can trade carbon credits on the international market under the Kyoto Protocol's emissions trading mechanism. The document provides details on how carbon credits are generated and traded, and the role of the Clean Development Mechanism and other frameworks in facilitating emissions reductions between developed and developing countries. It concludes by emphasizing the social and economic benefits of participating in carbon credit markets.
Carbon credits represent the right to emit one tonne of carbon dioxide. The document discusses carbon emissions by country and sector. It describes Kyoto's flexible mechanisms for joint implementation, clean development, and international emission trading to reduce emissions. It notes criticism of carbon trading and India's role as a large emitter seeking to generate billions from trading carbon credits. The future may see a carbon price impact industries and more countries reducing emissions through various policies.
The document discusses assessing relative permeabilities in geothermal reservoirs through analyzing the effect of gravity on relative permeabilities, performing laboratory measurements using real geothermal fluids, and calculating relative permeabilities from field data at several geothermal fields in Iceland. The results showed differences in relative permeabilities with flow direction and magnitude, and that wells within the same field can follow different relative permeability curves. Comparisons were made between laboratory and field measurements.
Carbon credits are certificates that represent the right to emit one ton of carbon dioxide or the mass of another greenhouse gas. [1] The document discusses carbon credits in India, how buying carbon credits can reduce emissions, and criticisms of the carbon credit system. It explains that carbon credits create a market mechanism for reducing greenhouse gas emissions by allowing companies that emit less than their allotted limit to sell credits to those that emit more. However, the system is not perfect, as it can be difficult to accurately measure and account for emissions. [2] The Kyoto Protocol established carbon credits as a way for countries and companies to meet emission reduction targets, but criticisms remain about whether it adequately addresses the problem of climate change. [3
Carbon credits are reductions of greenhouse gas emissions, measured in tons of carbon dioxide, from projects that reduce emissions. They provide a way to reduce emissions on an industrial scale through trading. The Kyoto Protocol established mechanisms like Joint Implementation and the Clean Development Mechanism to generate carbon credits by financing emission reduction projects internationally. Credits can then be traded between countries and companies to help nations meet emissions targets cost effectively. However, some criticize that loopholes allow high emitting nations to avoid caps and question whether some offset projects deliver real reductions.
This document compares and contrasts carbon taxes and cap-and-trade policies for reducing greenhouse gas emissions. A carbon tax sets a fee per ton of carbon emissions to make polluting more expensive and encourage energy efficiency and cleaner energy. Cap-and-trade sets a limit on total emissions and allows companies to trade permits to emit. It provides an economic incentive to reduce emissions. Both approaches aim to lower emissions over time, but a carbon tax provides more predictability while cap-and-trade may face fewer political obstacles. An ideal solution would involve international cooperation on carbon pricing and flexible allowance prices with a focus on developing alternative energy sources.
This document discusses carbon credits and the carbon trading market. It provides background on climate change and greenhouse gas emissions. It summarizes the Kyoto Protocol and mechanisms established under it like the Clean Development Mechanism, emissions trading, and joint implementation. CDM projects in India like the Himachal Pradesh forestry project and Delhi Metro are highlighted. India is well positioned in the carbon market as a supplier of credits and there are opportunities for accountants and auditors in this growing area.
Carbon credits are permits that allow entities to emit one tonne of carbon dioxide. They are a key part of international attempts to mitigate greenhouse gas emissions. Under the Kyoto Protocol, countries and groups can earn credits by reducing emissions below their quotas, which can then be sold to other entities to offset their emissions. India is the second largest seller of carbon credits globally due to numerous registered clean development mechanism projects. However, Indian companies are hesitant to trade most of the credits they generate due to market uncertainties. One area with potential for credits in India is management of municipal solid waste through conversion to energy.
This presentation discusses carbon footprints and carbon credits. It begins by defining greenhouse gases and carbon dioxide's role in climate change. It then explains what a carbon footprint is and how to calculate one, including direct and indirect emissions. Methods for reducing carbon footprints through energy efficiency are also outlined. The presentation concludes by discussing carbon credits and trading, how countries and organizations can earn credits by reducing emissions. India's growing involvement in the carbon credit market is also briefly mentioned.
The document discusses carbon credits, which are a UN system that allows countries to trade units equivalent to 1 ton of CO2 emissions reduced. Developed countries that exceed emissions limits can cut emissions or buy carbon credits from developing countries to comply with the Kyoto Treaty, signed by 141 countries to reduce greenhouse gases by 5.2% by 2012.
The document discusses the Kyoto Protocol, an international treaty aimed at reducing greenhouse gas emissions. Some key points:
- The Kyoto Protocol sets binding emissions reduction targets for developed countries over two commitment periods: 2008-2012 and 2013-2020.
- 192 parties have ratified the treaty, though the US signed but did not ratify and Canada withdrew in 2011.
- The main goal is to reduce emissions of six key greenhouse gases - carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride.
- Countries can meet targets through domestic action or market mechanisms like emissions trading, joint implementation, and the Clean Development Mechanism which provides
This document discusses biodiversity and threats to it. It begins by defining biodiversity and describing it at three levels: genetic, species, and ecosystem diversity. It then outlines several major threats to biodiversity, including habitat loss, climate change, pollution, overexploitation, invasive species, and disease. It provides more detail on habitat loss, describing the causes from human activities like agriculture, resource harvesting, and development. Habitat loss is a primary driver of species extinction worldwide. The document also discusses poaching and how it negatively impacts species survival and ecosystem balance. It notes man-wildlife conflicts have increased due to competition over limited resources and describes some of the efforts to mitigate these conflicts.
IAS 24 aims to ensure financial statements disclose related party transactions that may influence the financial position or performance of an entity. A related party is a person or entity that can control, jointly control or significantly influence the entity. Disclosures include the nature and amount of transactions between the entity and its related parties, as well as information about key management personnel compensation. Certain government-related entities may be exempt from full related party disclosure requirements.
IAS 23 prescribes the accounting treatment for borrowing costs and provides guidelines for capitalizing borrowing costs for qualifying assets. Borrowing costs eligible for capitalization include interest expense, finance charges, and certain exchange differences from foreign currency borrowings. Capitalization begins when expenditures on the asset are incurred and activities to prepare it for use are in progress. Capitalization ceases when substantially all activities to prepare the asset are complete. The amount capitalized is either the actual borrowing costs of specific loans obtained for the asset or a capitalization rate applied to qualifying asset expenditures.
IAS 21 deals with accounting for foreign currency transactions and foreign operations in financial statements. It covers translating foreign currency transactions into the functional currency, translating the financial statements of foreign operations for consolidation, and translating financial statements into the presentation currency. The standard defines key terms like foreign currency, functional currency, foreign operation, and presentation currency. It specifies how to account for foreign currency transactions and translate financial statements initially and in subsequent periods.
This document summarizes the key principles of IAS 18 regarding the recognition of revenue. The standard provides guidance on when revenue from the sale of goods or services should be recognized, and specifies that revenue is recognized when it is probable future economic benefits will flow to the entity and those benefits can be reliably measured. The document outlines the criteria for recognizing revenue from various types of transactions and arrangements, including sales of goods, rendering of services, financing transactions, and customer loyalty programs.
IAS 17 provides guidance on classifying and accounting for leases. It distinguishes between finance and operating leases and sets out the required accounting treatment for each type from the perspectives of lessees and lessors. Key aspects covered include criteria for lease classification, accounting for lease payments and incentives, sale and leaseback transactions, and disclosure requirements.
IAS 16 provides the accounting requirements for property, plant, and equipment (PP&E). It requires PP&E to be recognized as an asset if it meets the definition of an asset and the recognition criteria. The standard addresses the initial measurement and subsequent accounting for PP&E, including depreciation, impairment losses, and derecognition. It also provides guidance on the choice between the cost model or revaluation model for subsequent measurement.
IAS 12 provides guidance on accounting for income taxes. It aims to ensure that entities account for deferred tax liabilities and assets for temporary differences between the carrying amount of assets and liabilities and their tax bases. Key aspects covered include defining temporary differences, recognizing deferred tax assets and liabilities, offsetting current tax assets and liabilities, and presenting current and deferred taxes. Entities must also disclose information related to income taxes in their financial statements.
IAS 14 establishes principles for segment reporting to provide information about different types of products/services and geographical areas of an entity. The standard aims to help users understand an entity's past performance, assess risks and returns, and make informed judgments. IAS 14 requires publicly traded entities and those issuing public securities to disclose segment information. Reportable segments are those generating over 10% of certain financial metrics or 75% of total revenue. Segment reporting involves allocating revenue, expenses, assets, and liabilities to operating segments.
IAS 11 provides guidance on accounting for construction contracts. It defines construction contracts and outlines how to determine contract revenue and costs. Contract revenue and costs are recognized as the work progresses based on the stage of completion, provided the outcome can be reliably estimated. The standard also provides guidance on how to determine the stage of completion using different methods like cost-to-cost or surveys of work performed. Expected losses on contracts should be recognized immediately.
IAS 10 provides guidance on accounting for events that occur after the reporting period but before the financial statements are authorized for issue. It distinguishes between adjusting events, which require changes to amounts recognized in the financial statements, and non-adjusting events, which require disclosure in the notes but do not result in changes to amounts recognized. Key definitions include adjusting events arising from conditions existing at the end of the reporting period and non-adjusting events arising from conditions that did not exist until after the reporting period. Declared dividends are considered material non-adjusting events requiring disclosure in the notes.
IAS 8 provides guidance on selecting accounting policies, accounting for changes in accounting policies, accounting estimates, and accounting for errors. It requires accounting policies to be selected based on relevance and reliability. Changes in accounting policies are accounted for retrospectively unless transitional provisions exist. Changes in estimates are accounted for prospectively. Errors are corrected retrospectively through restatement unless impracticable, in which case corrections affect the current period.
IAS 7 requires entities to prepare a statement of cash flows that classifies cash flows during the period into operating, investing, and financing activities. It aims to provide information about historical changes in cash and cash equivalents of an entity. Cash comprises cash on hand and demand deposits, while cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value. The statement of cash flows excludes cash flows between items that constitute cash and cash equivalents. It can be prepared using either the direct or indirect method.
The document discusses the key components and purpose of a statement of cash flows. It explains that a statement of cash flows classifies cash flows into operating, investing, and financing activities. It also defines cash and cash equivalents and discusses what each section of the statement of cash flows indicates about the entity's cash generation, expenditures, and changes in capital structure.
IAS 2 provides guidance on accounting for inventories. Inventories include raw materials, work-in-progress, and finished goods held for sale in the ordinary course of business. Inventory is measured at the lower of cost or net realizable value, with cost determined using methods such as FIFO or weighted average. Abnormal amounts of wasted materials are excluded from inventory. Service providers classify certain labor and overhead costs as inventory until the related revenue is recognized.
IAS 1 establishes the requirements for presenting general purpose financial statements. It requires financial statements to include a statement of financial position, statement of comprehensive income, statement of changes in equity, statement of cash flows, notes comprising significant accounting policies and other explanatory information. IAS 1 aims to ensure comparability between financial statements of different periods for a reporting entity and financial statements of different entities. It prescribes eight overall considerations for preparing financial statements including fair presentation, going concern, accrual basis of accounting, consistency of presentation, materiality and aggregation, offsetting, frequency of reporting, and comparative information.
The document discusses the Libor rate manipulation scandal that occurred from 2005-2009. It describes how Barclays and other banks artificially inflated or deflated their Libor submissions to profit from trades or appear more creditworthy. This manipulation impacted global financial markets and cost governments billions. The scandal was not properly addressed by regulators despite early awareness of inaccurate submissions. Barclays was ultimately fined over $500 million for its role in the scandal in 2012.
Raj saw rag-pickers searching through garbage for valuable items and was reminded of "bottom fishing" in investing. Bottom fishing refers to identifying undervalued stocks of healthy companies when negative macroeconomic conditions or news has driven down the entire stock market to bottom levels. Though risks are high in poor economies, bottom fishing allows astute investors to find stocks trading below their intrinsic value that can provide high returns when the market eventually recovers.
The document summarizes allegations made by Arvind Kejriwal and Prashant Bhushan of India Against Corruption against Robert Vadra, son-in-law of Congress president Sonia Gandhi. They alleged that Vadra amassed over Rs. 300 crore worth of properties through corrupt land deals with real estate firm DLF, which sold him prime properties at low prices and provided interest-free loans. According to the IAC, Vadra's personal wealth grew from Rs. 50 lakh to over Rs. 300 crore in just three years due to these deals. The document provides details on specific properties purchased by Vadra's companies.
Bartering has been practiced for necessities since before currency. It involves trading goods or services directly instead of using money. While currency makes exchanges simpler, bartering still occurs, such as prisoners trading cigarettes or children swapping food. When bartering, it is best to consider an item's value relative to what is being received in exchange. Basic safety and quality precautions should be followed to avoid problems.
The document discusses the concept of hedging using an example story and an example of currency risk hedging. In the story, a smart girl named Chameli agrees to consider marrying Vijay in a year if he signs a contract where she pays him money. This allows Chameli to ensure she can still choose someone else while paying Vijay money to cover her risks. Similarly, currency hedging allows a company to pay a fee to cover the risk of currency fluctuations increasing costs, ensuring the exchange rate will not negatively impact them.
OpenID AuthZEN Interop Read Out - AuthorizationDavid Brossard
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During Identiverse 2024 and EIC 2024, members of the OpenID AuthZEN WG got together and demoed their authorization endpoints conforming to the AuthZEN API
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
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Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Webinar: Designing a schema for a Data WarehouseFederico Razzoli
Â
Are you new to data warehouses (DWH)? Do you need to check whether your data warehouse follows the best practices for a good design? In both cases, this webinar is for you.
A data warehouse is a central relational database that contains all measurements about a business or an organisation. This data comes from a variety of heterogeneous data sources, which includes databases of any type that back the applications used by the company, data files exported by some applications, or APIs provided by internal or external services.
But designing a data warehouse correctly is a hard task, which requires gathering information about the business processes that need to be analysed in the first place. These processes must be translated into so-called star schemas, which means, denormalised databases where each table represents a dimension or facts.
We will discuss these topics:
- How to gather information about a business;
- Understanding dictionaries and how to identify business entities;
- Dimensions and facts;
- Setting a table granularity;
- Types of facts;
- Types of dimensions;
- Snowflakes and how to avoid them;
- Expanding existing dimensions and facts.
Salesforce Integration for Bonterra Impact Management (fka Social Solutions A...Jeffrey Haguewood
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Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on integration of Salesforce with Bonterra Impact Management.
Interested in deploying an integration with Salesforce for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Main news related to the CCS TSI 2023 (2023/1695)Jakub Marek
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An English 🇬🇧 translation of a presentation to the speech I gave about the main changes brought by CCS TSI 2023 at the biggest Czech conference on Communications and signalling systems on Railways, which was held in Clarion Hotel Olomouc from 7th to 9th November 2023 (konferenceszt.cz). Attended by around 500 participants and 200 on-line followers.
The original Czech 🇨🇿 version of the presentation can be found here: https://www.slideshare.net/slideshow/hlavni-novinky-souvisejici-s-ccs-tsi-2023-2023-1695/269688092 .
The videorecording (in Czech) from the presentation is available here: https://youtu.be/WzjJWm4IyPk?si=SImb06tuXGb30BEH .
HCL Notes and Domino License Cost Reduction in the World of DLAUpanagenda
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Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-and-domino-license-cost-reduction-in-the-world-of-dlau/
The introduction of DLAU and the CCB & CCX licensing model caused quite a stir in the HCL community. As a Notes and Domino customer, you may have faced challenges with unexpected user counts and license costs. You probably have questions on how this new licensing approach works and how to benefit from it. Most importantly, you likely have budget constraints and want to save money where possible. Don’t worry, we can help with all of this!
We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
These topics will be covered
- Reducing license cost by finding and fixing misconfigurations and superfluous accounts
- How do CCB and CCX licenses really work?
- Understanding the DLAU tool and how to best utilize it
- Tips for common problem areas, like team mailboxes, functional/test users, etc
- Practical examples and best practices to implement right away
Driving Business Innovation: Latest Generative AI Advancements & Success StorySafe Software
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Are you ready to revolutionize how you handle data? Join us for a webinar where we’ll bring you up to speed with the latest advancements in Generative AI technology and discover how leveraging FME with tools from giants like Google Gemini, Amazon, and Microsoft OpenAI can supercharge your workflow efficiency.
During the hour, we’ll take you through:
Guest Speaker Segment with Hannah Barrington: Dive into the world of dynamic real estate marketing with Hannah, the Marketing Manager at Workspace Group. Hear firsthand how their team generates engaging descriptions for thousands of office units by integrating diverse data sources—from PDF floorplans to web pages—using FME transformers, like OpenAIVisionConnector and AnthropicVisionConnector. This use case will show you how GenAI can streamline content creation for marketing across the board.
Ollama Use Case: Learn how Scenario Specialist Dmitri Bagh has utilized Ollama within FME to input data, create custom models, and enhance security protocols. This segment will include demos to illustrate the full capabilities of FME in AI-driven processes.
Custom AI Models: Discover how to leverage FME to build personalized AI models using your data. Whether it’s populating a model with local data for added security or integrating public AI tools, find out how FME facilitates a versatile and secure approach to AI.
We’ll wrap up with a live Q&A session where you can engage with our experts on your specific use cases, and learn more about optimizing your data workflows with AI.
This webinar is ideal for professionals seeking to harness the power of AI within their data management systems while ensuring high levels of customization and security. Whether you're a novice or an expert, gain actionable insights and strategies to elevate your data processes. Join us to see how FME and AI can revolutionize how you work with data!
Cosa hanno in comune un mattoncino Lego e la backdoor XZ?Speck&Tech
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ABSTRACT: A prima vista, un mattoncino Lego e la backdoor XZ potrebbero avere in comune il fatto di essere entrambi blocchi di costruzione, o dipendenze di progetti creativi e software. La realtà è che un mattoncino Lego e il caso della backdoor XZ hanno molto di più di tutto ciò in comune.
Partecipate alla presentazione per immergervi in una storia di interoperabilità , standard e formati aperti, per poi discutere del ruolo importante che i contributori hanno in una comunità open source sostenibile.
BIO: Sostenitrice del software libero e dei formati standard e aperti. È stata un membro attivo dei progetti Fedora e openSUSE e ha co-fondato l'Associazione LibreItalia dove è stata coinvolta in diversi eventi, migrazioni e formazione relativi a LibreOffice. In precedenza ha lavorato a migrazioni e corsi di formazione su LibreOffice per diverse amministrazioni pubbliche e privati. Da gennaio 2020 lavora in SUSE come Software Release Engineer per Uyuni e SUSE Manager e quando non segue la sua passione per i computer e per Geeko coltiva la sua curiosità per l'astronomia (da cui deriva il suo nickname deneb_alpha).
Generating privacy-protected synthetic data using Secludy and MilvusZilliz
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During this demo, the founders of Secludy will demonstrate how their system utilizes Milvus to store and manipulate embeddings for generating privacy-protected synthetic data. Their approach not only maintains the confidentiality of the original data but also enhances the utility and scalability of LLMs under privacy constraints. Attendees, including machine learning engineers, data scientists, and data managers, will witness first-hand how Secludy's integration with Milvus empowers organizations to harness the power of LLMs securely and efficiently.
Best 20 SEO Techniques To Improve Website Visibility In SERPPixlogix Infotech
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Boost your website's visibility with proven SEO techniques! Our latest blog dives into essential strategies to enhance your online presence, increase traffic, and rank higher on search engines. From keyword optimization to quality content creation, learn how to make your site stand out in the crowded digital landscape. Discover actionable tips and expert insights to elevate your SEO game.
Taking AI to the Next Level in Manufacturing.pdfssuserfac0301
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Read Taking AI to the Next Level in Manufacturing to gain insights on AI adoption in the manufacturing industry, such as:
1. How quickly AI is being implemented in manufacturing.
2. Which barriers stand in the way of AI adoption.
3. How data quality and governance form the backbone of AI.
4. Organizational processes and structures that may inhibit effective AI adoption.
6. Ideas and approaches to help build your organization's AI strategy.
Fueling AI with Great Data with Airbyte WebinarZilliz
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This talk will focus on how to collect data from a variety of sources, leveraging this data for RAG and other GenAI use cases, and finally charting your course to productionalization.
2. What Does Carbon Credit Mean?
A permit that allows the holder to emit one ton of carbon dioxide. Credits are
awarded to countries or groups that have reduced their green house gases below their
emission quota. Carbon credits can be traded in the international market at their current
market price.
The carbon credit system was ratified in conjunction with the Kyoto Protocol. Its goal is
to stop the increase of carbon dioxide emissions.
For example, if an environmentalist group plants enough trees to reduce emissions by
one ton, the group will be awarded a credit. If a steel producer has an emissions quota
of 10 tons, but is expecting to produce 11 tons, it could purchase this carbon credit from
the environmental group. The carbon credit system looks to reduce emissions by having
countries honor their emission quotas and offer incentives for being below them.
3. Need for carbon credits
Over millions of years, our planet has managed to regulate concentrations of
greenhouse gases through sources (emitters) and sinks (reservoirs). Carbon (in the form
of CO2 and methane) is emitted by volcanoes, by rotting vegetation, by burning of fossil
fuels and other organic matter. But CO2 is absorbed, by trees, forests or by some
natural phenomenon like photosynthesis and also oceans to some extent.
In modern times the burning of fossil fuels like coal, oil and natural gas – in which carbon
has been stored for millions of years – combined with accelerated land clearance has
led to exceptional levels of greenhouse gas emissions. Vegetation, largely forest, is
already absorbing about one-third of human-induced emissions, planting more
forests could increase absorption. Carbon sinks can’t keep up, and concentrations of
greenhouse gases in the atmosphere have risen dramatically leading to an enhanced
greenhouse effect which will result in very rapid warming of the world’s climate.
4. Emergence of Carbon credit
The concept of carbon credits came into existence as a result of increasing awareness
of the need for pollution control.
It is one of the outcomes of the Kyoto Protocol, an international agreement between
more than 170 countries.
Kyoto Protocol created legally binding emission targets for developing nations. To
meet these targets, nations must limit C02 emissions.
The Protocol was enforced from Feb’05.
5. Value of carbon credits
Carbon credits create a market for reducing greenhouse emissions by giving a monetary
value to the cost of polluting the air such as carbon emitted by burning of fossil fuels.
This means that carbon becomes a cost of business and is seen like other inputs such
as raw materials or labour.
Carbon credits are measured in tonnes of carbon dioxide.
1 credit = 1 tonne of CO2.
 Each carbon credit represents one metric ton of C02 either removed from the
atmosphere or saved from being emitted.
The carbon credit market creates a monetary value for carbon credits and allows the
credits to be traded.
 For each tonne of carbon dioxide that is saved or sequestered carbon credit
producers may sell one carbon credit.
6. Markets for Carbon Credits
Climate exchanges have been established to provide a spot market in allowances, as
well as futures and options market to help discover a market price and maintain liquidity.
Carbon prices are normally quoted in Euros per tonne of carbon dioxide or its equivalent
(CO2e).
Currently there are six exchanges trading in carbon allowances:
The Chicago Climate Exchange,
European Climate Exchange,
NASDAQ OMX Commodities Europe,
PowerNext, Commodity Exchange Bratislava
The European Energy Exchange.
Managing emissions is one of the fastest-growing segments in financial services.
7. China
Carbon Dioxide emission by countries (Million Tonnes) UnitedStates
India
Russia
Japan
Germany
Canada
Korea,South
Iran
UnitedKingdom
SaudiArabia
SouthAfrica
Mexico
Brazil
Australia
Indonesia
Italy
France
Spain
Taiwan
Poland
Ukraine
Thailand
Turkey
Netherlands
UnitedArabEmirates
Egypt
Kazakhstan
Argentina
Venezuela
Singapore
Malaysia
Pakistan
Belgium
Uzbekistan
Algeria
Iraq
Greece
Vietnam
CzechRepublic
HongKong
8. Source:
•Wikipedia
•Investopedia
•www.CARBONCREDITMART.com
•International Energy Statistics
THANK YOU