Carbon credits are certificates generated by projects that reduce greenhouse gas emissions. Entities in developing countries implement emission-reducing technologies and activities to earn credits, which they can sell on international markets. Companies in developed countries can buy these offsets to help meet their own emission reduction obligations at a lower cost than investing in changes to their own operations. This emissions trading system was established under the Kyoto Protocol to help countries cooperatively address climate change on a global scale.
This webinar will review the various mechanisms agreed in the Kyoto Protocol with a particular focus on Clean Development Mechanism. The value at each stage of the CDM project will be explained, and market prices for carbon credits will be analysed.
In order to illustrate this type of project, real case studies carried out by Deuman will be discussed. Voluntary carbon credits will also be analysed.
http://www.leonardo-energy.org/webinar-carbon-market-and-cdm-projects
Carbon markets 101 introduces the market mechanisms under the Kyoto Protocol and related initiatives. It helps executives and managers understand emerging business issues around carbon trading, emission reduction projects and carbon monitoring.
This webinar will review the various mechanisms agreed in the Kyoto Protocol with a particular focus on Clean Development Mechanism. The value at each stage of the CDM project will be explained, and market prices for carbon credits will be analysed.
In order to illustrate this type of project, real case studies carried out by Deuman will be discussed. Voluntary carbon credits will also be analysed.
http://www.leonardo-energy.org/webinar-carbon-market-and-cdm-projects
Carbon markets 101 introduces the market mechanisms under the Kyoto Protocol and related initiatives. It helps executives and managers understand emerging business issues around carbon trading, emission reduction projects and carbon monitoring.
A general overview on carbon tax and carbon trading describing it's mechanism and advantages and disadvantages. A summarization of their effects on economy and environment remarking the conclusion
In this month's SlideShare we'll be covering the topic of carbon credits and carbon offsets and how these instruments are implemented to reduce carbon emissions to combat climate change. While the terms are often used interchangeably, carbon credits and carbon offsets does have certain key differences we'll be exploring. There are also important milestones to note, from the US Clean Air Act and Kyoto Protocol to UN Carbon Offset Platform. Over recent years, the carbon market value have grown significantly from EUR 186 billion in 2018 to EUR 850 billion in 2022.
Carbon Trading, Emission Balance, Types of Carbon Credit, Voluntary Emissions Reduction (VER), Certified Emissions Reduction (CER), Price of Carbon Credit, Emissions Trading Systems (ETS), Carbon tax , How does carbon pricing work?, Carbon Markets, Trading of Carbon Credits, Trading of Carbon Credits in India
A general overview on carbon tax and carbon trading describing it's mechanism and advantages and disadvantages. A summarization of their effects on economy and environment remarking the conclusion
In this month's SlideShare we'll be covering the topic of carbon credits and carbon offsets and how these instruments are implemented to reduce carbon emissions to combat climate change. While the terms are often used interchangeably, carbon credits and carbon offsets does have certain key differences we'll be exploring. There are also important milestones to note, from the US Clean Air Act and Kyoto Protocol to UN Carbon Offset Platform. Over recent years, the carbon market value have grown significantly from EUR 186 billion in 2018 to EUR 850 billion in 2022.
Carbon Trading, Emission Balance, Types of Carbon Credit, Voluntary Emissions Reduction (VER), Certified Emissions Reduction (CER), Price of Carbon Credit, Emissions Trading Systems (ETS), Carbon tax , How does carbon pricing work?, Carbon Markets, Trading of Carbon Credits, Trading of Carbon Credits in India
Climate change has become one of the highest preoccupations of the post-industrial period. Mitigation of climate change, by reduction of greenhouse gases ("GHG") emissions and stabilisation of the carbon dioxide concentrations in the atmosphere has entered the agenda of most government policies. The Kyoto protocol aims to encourage this trend through allocation of a credit system. Carbon investments funds are a key player when implementing such system in green developments.
For more information on Carbon Credits including Carbon Credits Trading and How to buy and sell Carbon Credits please visit us at: http://www.carboncreditstradinginfo.com
Presentaion on carbon credits and kyoto protocolAnkit Agrawal
To combat these changes globally, Kyoto Protocol was created and has been
agreed upon by 170 countries so far, committing themselves to reduce Green
House Gas Emissions and improve Energy Efficiency.
• The Kyoto Protocol envisages reduction of Green House Gases by 5.2% in the
period 2008-12.
• New System of Carbon Credits is Introduced in the texts of Kyoto Protocol is
being formalised to bring more awareness in Industries to reduce their annual
carbon emission by awarding monetary value to reduced emission taking us
towards eco-friendly future
•Through this Presentation we are going to bring into focus
these two main International steps on combating the new evil
“Global Warming”.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
1. Carbon credits are generated by enterprises i the developing world that shift to cleaner
n
technologies and thereby save on energy consumption, consequently reducing their
greenhouse gas emissions. For each tonne of carbon dioxide (the major GHG) emission
avoided, the entity can get a carbon emission certificate which they cansell either
immediately or through a futures market, just like any other commodity.
The certificates are sold to entities in rich countries, like power utilities, who have emission
reduction targets to achieve and find it cheaper to buy 'offsetting' certificates rather than do
a clean-up in their own backyard.
This trade is carried out under a UN-mandated international convention on climate change
to help rich countries reduce their emissions.
What is meant by carbon credit? Who gets
it? What is its significance?
In financial circles carbon credit is often mentioned. Ido not understand its significance.
7 months ago
Best Answer - Chosen by Asker
Carbon credits are a key component of national and international emissions trading
schemes. They provide a way to reduce greenhouse effect emissions on an industrial scale
by capping total annual emissions and letting the market assign a monetary value to any
shortfall through trading. Credits can be exchanged between businesses or bought and sold
in international markets at the prevailing market price. Credits can be used to finance
carbon reduction schemes between trading partners and around the world.
There are also many companies that sell carbon credits to commercial and individual
customers who are interested in lowering their carbon footprint on a voluntary basis. These
carbon offsetters purchase the credits from an investment fund or a carbon development
company that has aggregated the credits from individual projects. The quality of the credits
is based in part on the validation process and sophistication of the fund or development
company that acted as the sponsor to the carbon project. This is reflected in their price;
voluntary units typically have less value than the units sold through the rigorously-
validated Clean Development Mechanism
Background
Burning of fossil fuels is a major source of industrial greenhouse gas emissions, especially
2. for power, cement, steel, textile, and fertilizer industries. The major greenhouse gases
emitted by these industries are carbon dioxide, methane, nitrous oxide, hydrofluorocarbons
(HFCs), etc, which all increase the atmosphere's ability to trap infrared energy and thus
affect the climate.
The concept of carbon credits came into existence as a result of increasing awareness of the
need for controlling emissions. The IPCC has observed that:
Policies that provide a real or implicit price of carbon could create incentives for producers
and consumers to significantly invest in low-GHG products, technologies and processes.
Such policies could include economic instruments, government funding and regulation,
while noting that a tradable permit system is one of the policy instruments that has been
shown to be environmentally effective in the industrial sector, as long as there are
reasonable levels of predictability over the initial allocation mechanism and long-term
price.
The mechanism was formalized in the Kyoto Protocol, an international agreement between
more than 170 countries, and the market mechanisms were agreed through the subsequent
Marrakesh Accords. The mechanism adopted was similar to the successful USAcid Rain
Program to reduce some industrial pollutants.
Emission allowances
The Protocol agreed 'caps' or quotas on the maximum amount of Greenhouse gases for
developed and developing countries, listed in its Annex I . In turn these countries set quotas
on the emissions of installations run by local business and other organisations, generically
termed 'operators'. Countries manage this through their own national 'registries', which are
required to be validated and monitored for compliance by the UNFCCC. Each operator has
an allowance of credits, where each unit gives the owner the right to emit one metric tonne
of carbon dioxide or other equivalent greenhouse gas. Operators that have not used up their
quotas can sell their unused allowances as carbon credits, while businesses that are about to
exceed their quotas can buy the extra allowances as credits, privately or on the open
market. As demand for energy grows over time, the total emissions must still stay within
the cap, but it allows industry some flexibility and predictability in its planning to
accommodate this.
By allowing allowances to be bought and sold, an operator can seek out the most cost-
effective way of reducing its emissions, either by investing in 'cleaner' machinery and
practices or by purchasing emissions from another operator who already has excess
'capacity'.
Since 2005, the Kyoto mechanism has been adopted for CO2 trading by all the countries
within the European Union un its European Trading Scheme (EU ETS) with the
der
European Commission as its validating authority[6]. From 2008, EU participants must link
with the other developed countries who ratified Annex I of the protocol, and trade the six
most significant anthropogenic greenhouse gases. In the United States, which has not
ratified Kyoto, and Australia, whose recent ratification comes into force in March 2008,
3. similar schemes are being considered.
Kyoto's 'Flexible mechanisms'
A credit can be an emissions allowance which was originally allocated or auctioned by the
national administrators of a cap-and-trade program, or it can be an offset of emissions.
Such offsetting and mitigating activities can occur in any developing country which has
ratified the Kyoto Protocol, and has a national agreement in place to validate its carbon
project through one of the UNFCCC's approved mechanisms. Once approved, these units
are termed Certified Emission Reductions, or CERs. The Protocol allows these projects to
be constructed and credited in advance of the Kyoto trading period.
The Kyoto Protocol provides for three mechanisms that enable countr es or operators in
i
developed countries to acquire greenhouse gas reduction credits
* Under Joint Implementation (JI) a developed country with relatively high costs of
domestic greenhouse reductio would set up a project in another developed country.
n
* Under the Clean Development Mechanism (CDM) a developed country can 'sponsor' a
greenhouse gas reduction project i a developing country where the cost of greenhouse gas
n
reduction project activities is usually much lower, but the atmospheric effect is globally
equivalent. The developed country would be given credits for meeting its emission
reduction targets, while the developing country would receive the capital investment and
clean technology or beneficial change in land use.
* Under International Emissions Trading (IET) countries can trade in the international
carbon credit market to cover their shortfall in allowances. Countries with surplus credits
can sell them to countries with capped emission commitmentsunder the Kyoto Protocol.
These carbon projects can be created by a national government or by an operator within the
country. In reality, most of the transactions are not performed by national governments
directly, but by operators who have been set quotas by their country.
Emission markets
For trading purposes, one allowance or CER is considered equivalent to one metric tonne
of CO2 emissions. These allowances can be sold privately or in the international market at
the prevailing market price. These trade and settle internationally and hence allow
allowances to be transferred between countries. Each international transfer is validated by
the UNFCCC. Each transfer of ownership within the European Union is additionally
validated by the European Commission.
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).
Other greenhouse gasses canalso be traded, but are quoted as standard multi les of carbon
p
dioxide with respect to their global warming potential. These features reduce the quota's
financial impact on business, while ensuring that the quotas are met at a national and
international level.
4. Currently there are at least four exchanges trading in carbon allowances the Chicago
:
Climate Exchange, European Climate Exchange, Nord Pool, and PowerNext. Recently,
NordPool listed a contract to trade offsets generated by a CDM carbon project called
Certified Emission Reductions (CERs). Many companies now engage in emissions
abatement, offsetting, and sequestration programs to generate credits that can be sold on.
Managing emissions is one of the fastest-growing segments in financial services in the City
of London with a market now worth about €30 billion, but which could grow to €1 trillion
within a decade. Louis Redshaw, head of environmental markets at Barclays Capital
predicts that quot;Carbon will be the world's biggest commodity market, and it could become
the world's biggest market overall.quot;
Setting a market price for carbon
Unchecked, energy use and hence emission levels are predicted to keep rising over time.
Thus the number of companies needing to buy credits will increase, and the rules of supply
and demand will push up the market price, encouraging more groups to undertake
environmentally friendly activities that create carbon credits to sell.
An individual allowance, such as a Kyoto Allocation Allowance Unit (AAU) or its near-
equivalent European Union Allowance (EUA), may have a different market value to an
offset such as a CER. This is due to the lack of a developed secondary market for CERs, a
lack of homegeneity between projects which causes difficulty in pricing, as well as
questions due to the principle of supplementarity and its lifetime. Additionally, offsets
generated by a carbon project under the Clean Development Mechanism are potentially
limited in value because operators in the EU ETS are restricted as to what percentage of
their allowance can be met through these flexible mechanisms.
How buying carbon credits can reduce emissions
Carbon credits create a market for reducing greenhouse emissions by giving a monetary
value to the cost of polluting the air. Emissions become an internal cost of doing business
and are visible on the balance sheet alongside raw materials and other liabilities or assets.
By way of example, consider a business that owns a factory putting out 100,000 tonnes of
greenhouse gas emissions in a year. Its government then enacts a law that limits the
emissions that the business can produce. So the factory is given a quota of say 80,000
tonnes per year. The factory either reduces its emissions to 80,000 tonnes or is required to
purchase carbon credits to offset the excess.
After costing up alternatives the business may decide that it is uneconomical or infeasible
to invest in new machinery. Instead may choose to buy carbon credits on the open market
from organizations that have been approved as being able to sell leg itimate carbon credits.
* One seller might be a company that will offset emissions by planting a number of trees
for every carbon credit you buy from them under an approved CDM project. So although
5. the factory continues to emit gases, it would pay another group to go out and plan trees
t
which will draw back 20,000 tonnes of carbon dioxide from the atmosphere each year.
* Another seller may have already invested in new low-emission machinery and have a
surplus of allowances as a result. The factory could make up for its emissions by buying
20,000 tonnes of allowances from them. The cost of the seller's new machinery would be
subsidized by the sale of allowances. Both the buyer and the seller would submit accounts
for their emissions to prove that their allowances were met correctly.
Credits versus taxes
Credits were chosen by the signatories to the Kyoto Protocol as an alternative to Carbon
taxes. A criticism of tax-raising schemes is that they are frequently not hypothecated, and
so some or all of the taxation raised by a government may be applied inefficiently or not
used to benefit the environment.
By treating emissions as a market commodity it becomes easier for business to understand
and manage their activities, while economists and traders can attempt to predict future
pricing using well understood market theories. Thus the main advantages of a tradable
carbon credit over a carbon tax are:
* the price is more likely to be perceived as fair by those paying it, as the cost of carbon is
set by the market, and not by politicians. Investors in credits have more control over their
own costs.
* the flexible mechanisms of the Kyoto Protocol ensure that all nvestment goes into
i
genuine sustainable carbon reduction schemes, through its internationally-agreed validation
process.
Creating Real Carbon Credits
The principle of Supplementarity within the Kyoto Protocol means that internal abatement
of emissions should take precedence before a country buys in carbon credits. However it
also established the Clean Development Mechanism as a Flexible Mechanism by which
capped entities could develop real, measurable, permanent emissions reductions voluntarily
in sectors outside the cap. Many criticisms of carbon credits stem from the fact that
establishing that an emission of CO2 equivalent GHG has truly been reduced involves a
complex process. This process has evolved as the concept of a carbon project has been
refined over the past 10 years.
The first step in determining whether or not a carbon project has legitimately lead to the
reduction of real, measurable, permanent emissions is understanding the CDM
methodology process. This is the process by which project sponsors submit, through a
Designated Operational Entity (DOE), their concepts for emissions reduction creation. The
CDM Executive Board, with the CDM Methodology Panel and their expert advisors,
review each project and decide how and if they do indeed resul in reductions that are
t
additional
Additionality and Its Importance
6. It is also important for any carbon credit (offset) to prove a concept called additionality.
Additionality is a term used by Kyoto's Clean Development Mechanismto describe the fact
that a carbon dioxide reduction project (carbon project) would no have occurred had it not
t
been for concern for the mitigation of climate change. More succinctly, a project that has
proven additionality is a beyond-business-as-usual project.
It is generally agreed that voluntary carbon offset projects must also prove additionality in
order to ensure the legitimacy of the environmental stewards claims resulting from the
hip
retirement of the carbon credit (offset). According the World Resources Institute/World
Business Council for Sustainable Development (WRI/WBCSD) : quot;GHG emission trading
programs operate by capping the emissio of a fixed number of individual facilities or
ns
sources. Under these programs, tradable 'offset credits' are issued for project-based GHG
reductions that occur at sources not covered by the program. Each offset credit allows
facilities whose emissions are capped to emit more, in direct proportion to the GHG
reductions represented by the credit. The idea is to achieve a zero net increase in GHG
emissions, because each tonne of increased emissions is 'offset' by project-based GHG
reductions. The difficulty is that many projects that reduce GHG emissions (relative to
historical levels) would happen regardless of the existence of a GHG program and without
any concern for climate change mitigation. If a project 'would have happened anyway,' then
issuing offset credits for its GHG reductions will actually allow a positive net increase in
GHG emissions, undermining the emissions target of the GHG program. Additionality is
thus critical to the success and integrity of GHG programs that recognize project-based
GHG reductions.quot;
Criticisms
Environmental restrictions and activities have traditionally been imposed on businesses
through regulation. Many people were, and still are, uneasy at the use of a novel market-
based approach to managing emissions, although the concept of Cap and Trade eventually
won the day in international negotiations.
The Kyoto mechanism is the only internationally-agreed mechanism for regulating carbon
credit activities, and, crucially, includes checks for additionality and overall effectiveness.
Its supporting organisation, the UNFCCC, is the only organisation with a global mandate
on the overall effectiveness ofemission control systems, although enforcement of decisions
relies on national co-operation. The Kyoto trading period only applies for five years
between 2008 and 2012. The first phase of the EU ETS system started before then, and is
expected to continue in a third phase afterwards, and may co-ordinate with whatever is
internationally-agreed at but there is general uncertainty as to what will be agreed in post-
Kyoto negotiations on greenhouse gas emission As business investment often operates
s.
over decades, this adds risk and uncertainty to their plans. As several countries responsible
for a large proportion of global emissions (notably USA, Australia, China and India) have
avoided mandatory caps, this also means that businesses in capped countries may perceive
themselves to be working at a competitive disadvantage against those in uncapped
countries as they are now paying for their carbon costs directly.
A key concept behind the cap and trade system is that national quotas should be chosen to
represent genuine and meaningful reductions in national output of emissions. Not only does
7. this ensure that overall emissions are reduced but also that the costs of emissions trading
are carried fairly across all parties to t e trading system. However, governments of capped
h
countries may seek to unilaterally weaken their commitments, as evidenced by the 2006
and 2007 National Allocation Plans for several countries in the EU ETS, which were
submitted late and then were initially rejected by the European Commission for being too
lax .
A question has been raised over the grandfathering of allowances. Countries within the EU
ETS have granted their incumbent bus inesses most or all of their allowances for free. This
can sometimes be perceived as a protectionist obstacle to new entrants into their markets.
There have also been accusations of power generators getting a 'windfall' profit by passing
on these emissions 'charges' to their customers. As the EU ETS moves into its second phase
and joins up with Kyoto, it seems likely that these problems will be reduced as more
allowances will be auctioned.
Establishing a meaningful offset project is complex: voluntary offsetting activities outside
the CDM mechanism are effectively unregulated and there have been criticisms of
offsetting in these unregulated acti ities. This particularly applies to some voluntary
v
corporate schemes in uncapped countries and forsome personal carbon offsetting schemes.
There have also been concerns raised over the validation of CDM credits. One concern has
related to the accurate assessment of additionality. Others relate to the effort and time taken
to get a project approved. Questions may also be raised about the validation of the
effectiveness of some projects; it appears that many projects do not achieve the expected
benefit after they have been audited, and the CDM board can only approve a lower amount
of CER credits. For example, it may take longer to roll out a project than originally
planned, or an afforestation project may be reduced by disease or fire. For these reasons
some countries place additional restrictions on their local implementations and will not
allow credits for some types of forestry or land use projects.
Hope this info is useful to u...
Good luck...!!!!!!!!!
7 months ago
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Asker's Comment:
Thanks a lot for such a detailed answer to my query. Now I have a clear idea of
what is meant by carbon credit.
I am surprised at the sincerity of so many people in answering ques
tions put up in
this forum. Hats off to you Yahoo Answers.
8. sted on 23-12-2007
Why should I buy carbon credits?
Filed Under (Politics) by Nick
I have noticed a slew of websites appearing on the net that sel carbon credits to people that
l
want to offset the carbon emissions produced as a by-product of the goods and services
they consume. Thanks to former Vice President Al Gore’s eco-documentary An
Inconvenient Truth — and I say this with tongue in cheek — we are now all aware of the
climate change effects of carbon dioxide emissions. Maybe it is this new awareness (or
guilt) that encourages us to open our wallets and purchase these carbon credits.
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But what do you really get for your carbon credits? Web sites like greenpig, Climate
Friendly, and Carbonfund charge about $25 to offset 1 tonne of carbon emissions, and you
get a nice little certificate to certify your purchased carbon credits. You can then hang that
certificate on the wall and feel good about yourself.
It is worth noting that you can purchase 1 tonne of thermal coal for about $70. Roughly 1
tonne of coal produces about 2 tonnes of CO2 emissions. So if you bought half a tonne of
coal for $35 and stashed it somewhere so that it is never used, then you are effectively
sparing the Earth of 1 tonne of CO2 emissions for the cost of $35. So maybe these carbon
credits are cheap by comparison. It will certainly save me from stockpiling coal in my
backyard.
So where does your money go? Well they go to environmental project such as tree
s
planting and wind farms. As to how much of your money goes directly into these projects
is another question. I am highly sceptical of these carbon credit businesses (if you can call
them a business). They are probably more like charities where about 15% of your donation
actually goes directly to helping people in need, and the rest of your money is wasted on
expensive overheads like the CEO’s salary.
Buying half a tonne of coal and stashing it in your backyard is sounding like a more
effective strategy. If everyone did this then coal prices will increase due to a reduction in
supply of coal on the open market. Energy becomes more expensive as a result, and
economists would lead us to believe that consumers will demand less energy as a result.
Consuming less energy wil mean less CO2 emissions.
l
Also why would I want to give my hard earned money to these businesses so that they can
then invest in wind farms that will eventually make them more money? Where is my cut of
the money from these wind farms? You would be better off investing your money directly
into a renewable energy company that is listed on the stock exchange. At least then you
9. become a shareholder in the wind farm and can earn dividends and capital growth from
your investment, and still feel good about yourself for saving the planet.
The only benefit I can see from purchasing carbon credits as an individual is that I will
effectively be giving up a proportion of my income. By giving up a proportion of my
income I will therefore have less money to consume carbon dioxide producing goods and
services. Although at the same time I will probably be making somebody else rich,
presumably the owners of the carbon credit websites, and thus enabling them to purchase
more carbon dioxide producing goods and services than me.So at the end of the day this
notion of carbon credits will simply redistribute carbon emissions amongst society with a
bias towards the rich.
I will never opt to buy carbon credits as there is no clear way of measuring the
effectiveness of the individual’s contribution. I will however endeavour to become more
eco-friendly by continuing to buy energy saving light bulbs, powering down my
workstation at the office over weekends, and petitioning Google to change the background
colour of their search page to black.
How Much Do Carbon Credits Cost?
Play the Zero Emissions Market
By Marcus Ricci
Looking to purchase some carbon credits, but trying to shop around for the best deal? Well,
unfortunately, determining carbon credit prices is a pretty complicated business. There is
no one set market rate for individual carbon purchases, and prices tend to fluctua based
te
on a variety of factors. The type of offset being sold, whether or not the selling
organization is non-profit, the level of offset certification included in the purchase, the type
of project the purchased offsets will benefit, where the offsets come from, and the market
demand for carbon credits are all taken into consideration before cost is determined.
Because carbon trading is a relatively new concept with so many potential variables, the
buying process has yet to become streamlined. So, for your convenience, here are some
helpful links to assist in your search for a good, honest, environmentally friendly carbon
purchase:
EcoBusinessLinks.com
This site features an extremely helpful chart that offers a rundown on the leading carbon
offset providers, including cost, project type, offset type, and method of certification. It’s a
great place to begin your search.
10. This Wikipedia entry on carbon credits provides some useful background, from the origin
of carbon trading in the Kyoto Protocol to the current economic climate in which credits
are bought and sold.
SaveThePlanet.co.nz
This site offers an in-depth analysis of carbon credits and how they are incorporated into
the global economy.
ClimateCrisis.net
Before buying carbon credits, calculate your impact with this carbon calculator on Al
Gore’s site. It’ll give you a good ballpark idea of just how many credits you’ll want to
purchase.
Want to learn more about carbon credits?
How to Measure and Price Carbon Credits
Selling Carbon Credits on eBay—Solution or Scam?
Carbon Footprints