Carbon Credits :International Demand and Economic Possibilities for the Indian Industry.
This e book provides a comprehensive view of how carbon credits work and the economic possibilities it has for your organisation.
A Carbon credit is a generic term meaning that a value has been assigned to a reduction or offset of greenhouse gas emissions.Carbon credits and markets are key components of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One carbon credit is equal to one ton of carbon dioxide, or in some markets, carbon dioxide equivalent gases. Carbon trading is an application of an emissions trading approach.
Greenhouse gas emissions are capped and then markets are used to allocate the emissions among the group of regulated sources. The goal is to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less carbon intensive approaches than those used when there is no cost to emitting carbon dioxide and other GHGs into the atmosphere. Since GHG mitigation projects generate credits, this approach 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.
Index of Content
2. Concept of Carbon Credits
3. Kyoto Protocol – A formula to limit emissions
3.1 European Union’s position
3.2 India’s position
3.3 India’s initiatives
4. Status of the Agreement
5. Kyoto’s Mechanism
5.1 Eligibility Requirements
5.2 Registry Systems Under The Kyoto Protocol
6. Clean Development Mechanism (CDM)
6.1 Joint Implementation (JI)
6.2 Emissions Trading (ET)
6.3 Commitment Period Reserve
7. Relationship To Domestic And Regional Emissions Trading Scheme
8. Trading in Carbon Credits
9. Trade of Carbon Credits in India
10. Cost-Benefit Analysis of Kyoto Protocol
11. Important Web-sites
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