The newsletter provides an overview of developments in India's renewable energy and carbon markets. It notes that REC trading volumes were low in April while prices remained unchanged. It also discusses the impact of the PAT and RPO policies on India's emission reduction targets and notes that they currently only cover about 20% of required reductions. The carbon price fell to a new low of €3.63 per ton while demand remains low in Europe. Lower prices may not make many CDM projects financially viable given typical investment benchmarks.
In a presentation to Clean Energy Action in May 2010, Charles McGlashan shared the experience of Marin County, CA in taking control of its own energy supply, a challenge now facing Boulder, CO. As a member of the Marin County Board of Supervisors, McGlashan has been instrumental in the creation of Marin County Energy, the entity that has worked to provide the community with renewable energy options and local power.
In a presentation to Clean Energy Action in May 2010, Charles McGlashan shared the experience of Marin County, CA in taking control of its own energy supply, a challenge now facing Boulder, CO. As a member of the Marin County Board of Supervisors, McGlashan has been instrumental in the creation of Marin County Energy, the entity that has worked to provide the community with renewable energy options and local power.
An easily traceable scenario for GHG 80% reduction in Japan for local energy ...Masayuki Horio
To develop a scenario sure and easily traceable even for ordinary citizens toward the national challenge target of 80% CO2 reduction by 2050, we first developed a model to calculate the total CO2 emission corresponding to the final consumption and second developed an appropriate technology based scenario consisting of the following consumer oriented sub-scenarios: (1) energy saving through electrification of all transportation, (2) promotion of wood utilization for housing and household energy saving; (3) introduction of renewable energies; and (4) efficient energy utilization of wastes. Applying the scenario to Kyoto that has the similar strategies to our proposed scenarios, we found that about 80% CO2 emission reduction is possible just within the appropriate technology limit with the effect of population reduction and with the potential emission reduction from construction of private and public infrastructures, and that shifting our final consumption mode into low CO2 emission mode has a significant impact.
Keywords: CO2 emission reduction, appropriate technologies, local energy strategy, the final consumption
Webinar: 'Applying carbon capture and storage to a Chinese steel plant.' Feas...Global CCS Institute
The Global CCS Institute has recently published a feasibility study report on applying carbon capture and storage (CCS) to a steel plant in China. Toshiba was commissioned to conduct the study in collaboration with Chinese corporations.
The feasibility suggests that carbon capture in Chinese steel plants is a cost effective means of reducing carbon emissions compared with similar plants around the world. In this webinar, Toshiba presented on the major findings of this feasibility study.
A seminar that will explain and examine the opportunities for clean energy projects under the RHI and how attractive such projects will be to private equity funds and banks.
Lessons Learned on CO2 Storage from the Midwest Regional Carbon Sequestration...Global CCS Institute
Completing field tests that demonstrate that geologic storage of carbon dioxide (CO2) can be conducted safely and commercially is one step towards developing robust strategies for mitigating large point source CO2 emissions.
The Midwest Regional Carbon Sequestration Partnership Program (MRCSP) large volume CO2 injection test is providing data for improving capacity estimates and demonstrating storage capacity within a regionally significant resource. MRCSP is also evaluating CO2 storage potential in Ohio and other areas of the Midwest and the East Coast through regional mapping and exploratory site characterization. Lessons learned from pressure data analysis, modeling, monitoring technologies assessment, accounting, regional mapping and exploration enable technology advancements needed to help carbon capture and storage reach a commercial stage.
This webinar presented an update of the progress made to date and key findings from the MRCSP large volume CO2 injection test and regional exploration work. The topics that were covered include:
Background
- About the MRCSP
- Research objectives
Large Volume CO2 Injection Test, Approaches and Results:
- Description/Overview
- Data Uses
- Pressure Data Analysis and Modelling
- Monitoring Technology Assessment
- Accounting
Regional Mapping and Characterization of Storage Resources
- Known Sources and Sinks
- Studies of Reservoirs and Seals Underway
'Applying carbon capture and storage to a Chinese steel plant.' Feasibility s...Global CCS Institute
The Global CCS Institute has recently published a feasibility study report on applying carbon capture and storage (CCS) to a steel plant in China. Toshiba was commissioned to conduct the study in collaboration with Chinese corporations.
The feasibility suggests that carbon capture in Chinese steel plants is a cost effective means of reducing carbon emissions compared with similar plants around the world. In this webinar, Toshiba presented on the major findings of this feasibility study.
USEA/USAID Global Energy Efficiency Workshop: Briefing on Energy Efficiency and DSM Programs Overseas
Kateri Callahan
President, Alliance to Save Energy
Washington, D.C.
March 8, 2010
Simulation of icing events over Gaspé regionWinterwind
Presentation by Jing Yang, Climate Research Division, Environment Canada on Winterwind 2012, session 3b. "Simulation of icing events over Gaspé region"
Expert group study on recommended practices for wind energy projects in cold ...Winterwind
Presentation by Tomas Wallenius, VTT on Winterwind 2012, session 4. "Expert group study on recommended practices for wind energy projects in cold climates”
An easily traceable scenario for GHG 80% reduction in Japan for local energy ...Masayuki Horio
To develop a scenario sure and easily traceable even for ordinary citizens toward the national challenge target of 80% CO2 reduction by 2050, we first developed a model to calculate the total CO2 emission corresponding to the final consumption and second developed an appropriate technology based scenario consisting of the following consumer oriented sub-scenarios: (1) energy saving through electrification of all transportation, (2) promotion of wood utilization for housing and household energy saving; (3) introduction of renewable energies; and (4) efficient energy utilization of wastes. Applying the scenario to Kyoto that has the similar strategies to our proposed scenarios, we found that about 80% CO2 emission reduction is possible just within the appropriate technology limit with the effect of population reduction and with the potential emission reduction from construction of private and public infrastructures, and that shifting our final consumption mode into low CO2 emission mode has a significant impact.
Keywords: CO2 emission reduction, appropriate technologies, local energy strategy, the final consumption
Webinar: 'Applying carbon capture and storage to a Chinese steel plant.' Feas...Global CCS Institute
The Global CCS Institute has recently published a feasibility study report on applying carbon capture and storage (CCS) to a steel plant in China. Toshiba was commissioned to conduct the study in collaboration with Chinese corporations.
The feasibility suggests that carbon capture in Chinese steel plants is a cost effective means of reducing carbon emissions compared with similar plants around the world. In this webinar, Toshiba presented on the major findings of this feasibility study.
A seminar that will explain and examine the opportunities for clean energy projects under the RHI and how attractive such projects will be to private equity funds and banks.
Lessons Learned on CO2 Storage from the Midwest Regional Carbon Sequestration...Global CCS Institute
Completing field tests that demonstrate that geologic storage of carbon dioxide (CO2) can be conducted safely and commercially is one step towards developing robust strategies for mitigating large point source CO2 emissions.
The Midwest Regional Carbon Sequestration Partnership Program (MRCSP) large volume CO2 injection test is providing data for improving capacity estimates and demonstrating storage capacity within a regionally significant resource. MRCSP is also evaluating CO2 storage potential in Ohio and other areas of the Midwest and the East Coast through regional mapping and exploratory site characterization. Lessons learned from pressure data analysis, modeling, monitoring technologies assessment, accounting, regional mapping and exploration enable technology advancements needed to help carbon capture and storage reach a commercial stage.
This webinar presented an update of the progress made to date and key findings from the MRCSP large volume CO2 injection test and regional exploration work. The topics that were covered include:
Background
- About the MRCSP
- Research objectives
Large Volume CO2 Injection Test, Approaches and Results:
- Description/Overview
- Data Uses
- Pressure Data Analysis and Modelling
- Monitoring Technology Assessment
- Accounting
Regional Mapping and Characterization of Storage Resources
- Known Sources and Sinks
- Studies of Reservoirs and Seals Underway
'Applying carbon capture and storage to a Chinese steel plant.' Feasibility s...Global CCS Institute
The Global CCS Institute has recently published a feasibility study report on applying carbon capture and storage (CCS) to a steel plant in China. Toshiba was commissioned to conduct the study in collaboration with Chinese corporations.
The feasibility suggests that carbon capture in Chinese steel plants is a cost effective means of reducing carbon emissions compared with similar plants around the world. In this webinar, Toshiba presented on the major findings of this feasibility study.
USEA/USAID Global Energy Efficiency Workshop: Briefing on Energy Efficiency and DSM Programs Overseas
Kateri Callahan
President, Alliance to Save Energy
Washington, D.C.
March 8, 2010
Simulation of icing events over Gaspé regionWinterwind
Presentation by Jing Yang, Climate Research Division, Environment Canada on Winterwind 2012, session 3b. "Simulation of icing events over Gaspé region"
Expert group study on recommended practices for wind energy projects in cold ...Winterwind
Presentation by Tomas Wallenius, VTT on Winterwind 2012, session 4. "Expert group study on recommended practices for wind energy projects in cold climates”
Evaluation and experiences from the Vindpilot project at Dragaliden and Gabri...Winterwind
Presentation by Helena Karlsson, Svevind at Winterwind 2012, session 5b, "Evaluation and experiences from the Vindpilot project at Dragaliden and Gabrielsberget"
In this issues of General Carbon Newsletter:
-REC & CDM for Renewables
-Status of REDD
-Emerging Emission Trading Schemes
-And many more news, updates & highlights of carbon market
PATHWAYS TO DECARBONISATION – MODELLING TAMIL NADU’S POWER SECTOR DECARBONISA...AurovilleConsulting
Tamil Nadu’s electricity demand is expected to increase year on year, and so are the sector’s absolute carbon dioxide emissions. Considering India’s commitments under the United Nations Framework Climate Change Convention, and the recent announcement of targeting net zero carbon by 2070, Tamil Nadu will require a long-term strategy to reduce its emissions. This may start with establishing sector-specific emission inventories, followed by sector-specific emission target setting.
The power sector is deemed to be one of the sectors easiest to decarbonise. One of the first steps for putting in place a decarbonisation strategy is target setting. This report assumes a net-zero carbon target for the Tamil Nadu power sector by 2050. It applies the Sectoral Decarbonisation Approach (SDA) of the Science Based Target (SBT) model to simulate decarbonisation pathways that are in line with the goals of the Paris agreement – limiting global warming well below 2°C above pre-industrial levels (ETP B2DS) and pursuing efforts to limit warming to 1.5°C (SBT 1.5°C) respectively.
In this paper, we undertake the following steps:
1) Projecting the electricity generation for the upcoming years along with the corresponding emissions.
2) Setting targets for the emissions based on the Science Based Targets (SBT).
3) Comparing various scenario planning models for decarbonising the electricity sector of Tamil Nadu.
Analysis of Boiler Performance with HBS, Variation of Boiler Loads and Excess...ijtsrd
The fundamental intention of this review is to recognize greatest energy misfortune regions in any nuclear energy plants and produce an arrangement to decrease them utilizing exergy investigation. For this examination, direct energy estimation of the general plant and decide the efficiencies and energy misfortunes of the relative multitude of important portions of the nuclear energy plant. Then, at that point, discover those regions where energy misfortunes are happening most extreme and afterward altered it for productive and compelling improvement in nuclear energy plant. The review was done at Thermal power station of Vardhman Yarns at Mandideep and evaporator segment of nuclear energy station is considered with the end area of exergy investigation. The kettle of a power plant is the best segment in taking out exergy. The outcomes shows that heater misfortunes and kettle productivity relies upon evaporator burden and level of overabundance air. The current examination show consequences of 30 mw power plant. Tests were led utilizing 0 , 20 , 30 and 40 of overabundance air and 60 , 65 , 70 , 75 , 80 , 85 , 90 , 95 , 100 evaporator loads. In the current examination kettle house gives the best outcomes at 0 abundance air with greatest heater load similar to the evaporator effectiveness 86.7 are concerned. With 0 abundance air the evaporator productivity is viewed as greatest 86.7 , which gives least hotness misfortune. Manu Sengar | Dr. Shyam Birla "Analysis of Boiler Performance with HBS, Variation of Boiler Loads and Excess Air" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-2 , February 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49193.pdf Paper URL: https://www.ijtsrd.com/engineering/other/49193/analysis-of-boiler-performance-with-hbs-variation-of-boiler-loads-and-excess-air/manu-sengar
CCS Ready in Thailand: A Progress Report - Boonrasri TongpenyaiGlobal CCS Institute
This presentation was given as part of the CCS Ready workshop which was held in association with the 6th Asia Clean Energy Forum (20 – 24 June, Manila)
The workshop discussed the range of measures and best practices that can be implemented to prompt the design, permitting and construction of CCS projects when designing or building a new fossil fuelled energy or industrial plant.
The workshop hosted participants of the Asian Development Banks’ Regional Technical Assistance Program who updated the group on the outcomes of their individual projects.
This presentation provides an update on the current project being undertaken under the Asian Development Bank’s Regional Technical Assistance Program which aims to conduct an analysis of the potential for CCS, culminating in a road map for a CCS demonstration project in Thailand.
Mobilizing Renewable Energy to Overcome the Energy and Financial Crisis: The ...Private Consultants
NCRE tariffs, revised appropriately, could trigger significant near-term investment in NCRE by unlocking investments in over 1,300 NCRE projects comprising 4,000 MW that the CEB has blocked since 2017. By doing so, the CEB and Sri Lanka can reap considerable financial benefits in offsetting diesel fuel purchases, thereby saving scarce foreign exchange.
22PESGM3738 Policy Support in Power Sector - Added Role of Renewable Energy.pptxSUBRATAMUKHOPADHYAY9
This article details about the policy support requirement in aid of Renewable Energy Development for more utilization to bring down the cost and eventually lead the transition to replace Conventional Sources supplying electricity.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Search and Society: Reimagining Information Access for Radical FuturesBhaskar Mitra
The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.
1. General Carbon Newsletter
ENERGY & ENVIRONMENTAL COMMODITIES NEWSLETTER MAY 2012, ISSUE:11
Notice awaited! REC PROJECT
HIGHLIGHTS
(as on 1st May 2012)
The price of REC in the April trading session left many a questions
unanswered. While volume available for the trading was lower, the traded Accredited Projects:493
quantity was even lower at 89,199. General Carbon prepared an assessment (2822.398 MW)
of the supply and demand for RECs, which reinforced the belief that we Registered Projects: 388
would be in deficit of our RPO targets in 2013, as well. While a deficit in (2424.933 MW)
achieving RPO would indicate strong demand of RECs, the market is
REC Issuance:
awaiting signals on compliance and enforcement which could take close to
REC Issued: 1,22,369
six months. Most DISCOMs in the southern and western states indicate that REC Redeemed: 71,226
they will be able to achieve their RPO target, while some in Karnataka feel Closing Balance: 89,688
that they may even exceed their target. The view of DISCOMs that are going
(Source: Recregistry, India)
to fall short on their RPO targets and their plans are eagerly awaited.
REC PRICE WATCH
The carbon market continued to remain in disarray. Set aside discussions
Apr 2012 Session
seem to have been “set-aside” for now. We continue to see historic low
prices, amazingly large issuances, record registrations coupled with strong IEX: Price (Volume)
project and PoA inflow. The EB meeting in early May decided not to conclude Non solar -INR 2,201
on credits for efficient coal projects, which reduces any hope of registration (62,277)
by December 2012 for supercritical coal projects. Solar - (Not traded)
Demands to extend accelerated depreciation benefits for wind turbines as PXIL: Price (Volume)
well as GBI extension were covered by media, however no official word on Non solar -INR 2,201
the same. Power markets witnessed regular action during the month with (8,949)
nothing major to report. Traction on energy efficiency is increasing with
Solar - (Not traded)
renewed focus due to PAT targets.
CER PRICE WATCH
30 May 2012
Best, BlueNext Daily Spot: Price
(Volume)
€ 3.63 (30,000)
Satish Kashyap
2. Impact of PAT and RPO on emission reduction by India
Energy Market
What is the combined impact of PAT and RPO in effecting India’s emission News
reductions till 2020? Is there need for other initiatives to help India achieve its
emission reduction target under the National Action Plan on Climate Change West Bengal plans
(NAPCC)? policy on
Renewable energy
As per the interim report titled “Low Carbon Strategies for Inclusive Growth, The West Bengal
Planning Commission of India, 2011”, India’s target to reduce emission government is
intensity by 20-25% by 2020 will require reduction of 733 million ton CO2e mulling a new policy
(MTCO2). As per the report, various emission reduction options are identified on renewable
and the resulting quantum of annual emission reductions under scenario energy. We are
titled “determined effort” is 376.5 MTCO2. Hence to achieve 20-25% emission planning to bring a
intensity decrease (from 2005 levels) by 2020 requires aggressive effort and policy on renewable
new emission reduction options need to identified and deployed. energy sources, said
an official from the
Effort-wise allocation of annual emission reduction is: dept of power.
Estimated emission reduction from MTCO2 %
sectors in 2020
CO2 savings from Energy Efficiency from
Demand side 96 25% M&B the first
Savings from Supply side change in
company to get
generation efficiency and mix 85 23%
solar REC
Savings from freight modal shift 14 4%
registration
Passenger transport modal shift 17 5%
Vehicle fuel efficiency norms 11 3% BSE listed M & B
Commercial buildings sector (compliance to Switchgear has
ECBC, ratings) 60 16%
become India’s first
Steel Sector 36 10%
solar developer to
Cement sector 57 15% get itself registered
Oil & gas 0 0% by NLDC for solar
Forestry under national mission 43 11% renewable energy
376 100% certificates. The
company has
Two key efforts to drive the emission reduction are the Perform Achieve and commissioned a 1.5
Trade (PAT) scheme and the Renewable Purchase Obligation (RPO) MW solar plant,
mechanism. The Demand Side EE measures (PAT), Supply Side measures which is expected to
(PAT, RPO), measures in Steel and Cement cover about 66% of emission generate 1,500 REC.
reductions.
The PAT scheme covers only seven industrial sectors and 478 designated
consumers contributing to ~100 million tCO2e emission. PAT’s contribution
to emission reduction works out to 14% when calculated against the required
annual emission reduction target of 733 MTCO2 of emission reduction.
3. Similarly, in the case of RPO, if the targets communicated by all the states
are met, then RPO can contribute to 6% when calculated against the Gujarat has 749GW
required annual emission reduction target of 733 MTCO2 of emission of renewable
reduction. energy potential:
TERI
Hence, PAT and RPO are covering about 20% of the required emission
reductions to meet the goal of 733 MTCO2 of emission reduction. At present Gujarat’s overall
RPO and PAT are the only rigorous tractable mechanisms to achieve and integrated renewable
track emission reduction. Given that 80% of the target is to be achieved by energy potential is
other means, we are likely to see more new mechanisms as well as estimated to be
enhancement in scope of existing mechanisms (increase in obligated entities 748.77GW. The
under PAT and RPO etc.) going forward. The majority of emission reductions overall renewable
(the balance 80%) are therefore in effect left to initiatives which are yet to be energy potential in
detailed. Gujarat is very high,
considering if all the
Pravin Jadhav identified suitable
lands can be made
available.
Orissa demands
subsidy for
DISCOMs to buy
solar power
The state consumers
are unwilling to pay
for high cost solar
power. The
government of India
should subsidise
solar power
purchase by
DISCOMs.
National Solar
Mission completes
89% of allotted
capacity
The National Solar
Mission, which aims
to install 20,000MW
4. capacity of solar
energy by 2020, has
commissioned 89%
of its allotted
What a EUR 4 price means to additionality?
capacity in its first
stage.
Many experts were hoping that CER prices would return to EUR 12 – 15
towards the end of the compliance period (December 2012) and prevent a
flashback of near zero price witnessed during the end of the previous
compliance phase. With European economies in recession, increased supply
TANGEDCO wants
of the CERs due to improvement of CDM processes and reduced demand
penalty for misuse
due to lower industrial output in Europe has led to a downward trend in CER
prices.
TANGEDCO has
filed a petition before
Additionality is an essential concept for any carbon credit (offset). The
TNERC seeking
concept of additionality addresses the question of whether the project would
approval for levying
have happened anyway, even in the absence of revenue from carbon credits.
excess demand and
Only carbon credits from projects that are "additional to" the business-as-
energy charges on
usual scenario represent a net environmental benefit.
HT, LT, LTCT
industrial services
Most project developers have demonstrated additionality by proving that
consumers who are
projects are not financially viable without revenue from carbon offsets. In
not complying with
other words, the revenue from the carbon offsets is a decisive reason for
the revised
implementing a project. Investment additionality is most often proved by
restrictions and
demonstrating that project returns (IRR or NPV) is lower than the industry
control measures.
benchmark.
The increase in IRR due to carbon credit revenue varies based on project
type
Wind, Biomass & Hydro projects
o Revenue increase from CERs at EUR 4 results in ~ 6% increase
India seeks Kyoto
in revenue and 1-2% increase in IRR
type agreement
o Revenue increase from CERs at EUR 14 results in ~ 21%
after 2020
increase in revenue and 4-5% increase in IRR
Giving European
Landfill gas and biogas projects
Union thumbs down,
o Revenue increase from CERs at EUR 4 results in ~ 30% increase
India has proposed
in revenue and 5-6% increase in IRR
that global climate
o Revenue increase from CERs at EUR 14 results in ~ 60%
treaty after 2020
increase in revenue and 12-15% increase in IRR
should be similar to
existing treaty Kyoto
Cookstove project (assuming 2 CERs/ stove/ year)
Protocal stipulating
o Revenue from CERs at EUR 4 results in EUR 8 per cookstove
mandatory emission
per year
cuts for the
o Revenue from CERs at EUR 14 results in EUR 28 per cookstove
developed world and
per year
voluntary mitigation
action for the
5. Thus, lower CER prices will not help many projects alleviate the benchmark, developing world.
but only increase returns marginally. Considering a typical example of a wind
energy project, if IRR without CDM is 8%, at 4 Euro CER price, the IRR can Government
at best increase to 9.5%. Typically wind projects in India have benchmarks prepares first
from 12-13.5% (bank lending rates/ WACC). Thus, most registered projects energy policy draft
from India had used CER rate assumption from 10-15 Euro to meet this
benchmark. Thus, at 4 Euro CER price, these projects will not get benchmark At a time when the
returns to make them financially viable. entire world is
For Landfill and Biogas projects, there would be no impact since the IRR is focussing on the
already high. non-conventional or
This is again different in community based projects. The carbon markets have renewable sources of
been highly volatile and this is where the Bachat Lamp Yojana scheme energy, it took the
flounders. When the scheme was launched, CER price was 12 Euro (around eco-friendly Bengal
Rs 780). Investors were upbeat. But CER price touched an all-time low last government 10
year. This has resulted in the dip in number of buyers and thus the project is months to prepare a
on standstill. final draft of this
seems little bothered
about it.
Kshitija Rangnekar
Renewable Energy
Wind Energy units
seek to restore
depreciation
benefits
With the Union
Government
removing the
accelerated
depreciation benefit
for investors in wind
mill projects from
April 1, 2012,
investment in the
wind energy sector
will not be attractive
to the small captive
investors.
6. Power Price Trend Power Min issues
directives to CERC
on open access
In yet another push
for granting open
access to all
electricity consumers
with power
requirement of 1 Mw
and above, the power
ministry, exercising
its power under
section 107 of the
(Source: IEX website) Electricity Act, 2003,
has issued directives
to the Central
Electricity Regulatory
REC Price Trend Commission (CERC)
stating that regulators
have no jurisdiction to
decide energy
charges for such
consumers.
Industries can now
purchase power
from open market
The government has
now invoked special
powers under the
Electricity Act and
directed the Central
and State regulators
to implement a long-
pending reform to
allow industrial
consumers to buy
cheaper power from
the open market.
(Source: PXIL and IEX websites)
7. Market Updates
EDITOR
Environmental Market News
Rameez Shaikh
Unique scheme for energy efficiency rameez.shaikh@general-
The PAT scheme requires notified industries to invest in energy efficiency carbon.com
and reduce at least 5% of input energy cost for self and public good. The
savings in the first three years of the scheme are estimated at 0.8 million Kshitija Rangnekar
tonnes of oil equivalent of energy or approximately 9000MW of avoided kshitija.r@general-
carbon.com
thermal power capacity, without compromising on the industrial output.
GENERAL CARBON
Government to make the vehicular fuel efficiency labels mandatory
As an extension of the Energy Conservation Act and a pollution control
exercise, the Government of India has cleared the proposal for fuel efficiency
labels to be made mandatory on new cars. The labels have to be approved
by an appointed government agency and car companies are expected to
improve their averages over time.
The First Multi-Technology Project to credit water treatment and
efficient cook stoves
Impact Carbon and The Paradigm Project announced today that a project in
Kenya has issued Gold Standard Voluntary Emission Reductions generated
by both water filters that reduce the need to boil drinking water with dirty fuels
and by energy saving cook stoves as part of the same project.