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 | CDM process expensive and time consuming: Report | | (Aug. 27, 9:30am) A paper, prepared by Carbon Finance Unit and distributed at the current third session of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA) indicates that process of creating new methodologies and applying an approved methodology to a proposed CDM project is expensive and time consuming...... | | |
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| EUA/CER spread above 4 Euro: Climate Corp | | (Aug. 22, 4:10pm) EU Allowances supported by a jump in UK gas and strong German power, EUA-Dec08 breaks through 24 Euro level, Secondary CERs show delayed reaction..... | | |
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| EUA/CER spread holds at 3.60 Euro: Climate Corp | | (Aug. 08, 5:30pm) Two guidelines published by the UNFCCC aiming to further tighten additionality rules which have to be checked by DOEs at validation and will be further looked at by the CDM EB when making the decision if a project can be registered as a CDM project, might have an impact on future CER prices as less projects might be able to take the additionality hurdle resulting in a further reduction of CERs being issued from new project activities...... | | |
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| Why film stars invest in wind energy | | (Aug. 06, 4:45pm) In the current scheme, which gives an accelerated depreciation benefit of 80 per cent and other tax incentives for installation of the plants, wind energy has become the business of cash-rich investors, who take advantage of tax benefits, and are not serious about generation of power, says Down To Earth..... | | |
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| 83% of corporate India claim fair understanding of climate change issues | | (July. 23, 2:30pm) KPMG report suggests almost 60% responded to climate change issues for the need of complying with regulations. 41% of the respondents indicate having at least some quantified goals for carbon reduction to be achieved by 2010. However, a significant 38% of the respondents have no goals whatsoever...... | | |
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| Mysore Cements issued 103382 CERs | | (July. 14, 2:30pm) Their project is related to the reduction in clinker percentage in the blended cement results in conservation of limestone...... | | |
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| Clean Energy Transactions in India : Analysis | | (July. 10, 3:30pm) Financing sustainable energy assets grew by 61% in 2007 to $108 billion worldwide. Once again, global investment in sustainable energy broke all previous records, with $148.4 billion of new money raised in 2006..... | | |
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| Arcapita, Tanti Group to develop 1,650MW of wind generation capacity in China | | (July 07, 7:33pm) Arcapita Bank today announced that it has formed a joint venture partnership with Colossus Holdings, a Singapore based holding company of the Tanti group, the multi-billion Indian conglomerate, which will invest US$ 2 billion to develop a 1,650 MW portfolio of wind farms in the Inner Mongolia region of China. This is Arcapita's first investment in China. ..... | | |
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| EUA/CER spread below 6 Euro: Climate Corp | | (July. 04, 3:10pm) Carbon drops some 3 Euro after hitting 2 year high of EUR 29.69 – German power provides direction, crude protects carbon from further losses- Secondary CERs decouple from bearish EUA market- EUA/CER spread below 6 Euro..... | | |
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| PM releases National Action Plan on Climate Change | | (June 30, 7:13pm) The Prime Minister said that the release of the National Action Plan reflected the importance the Government attaches to mobilizing national energies to meet the challenge of climate change...... | | |
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| Wind farms with over 5MW capacity to get further Rs.0.50 per unit Govt incentive | | (June 27, 10:10pm) The scheme will be applicable only to those independent power producers, whose capacities are commissioned for sale of power to the grid. The GBI does not favour to those who set up capacities for captive consumption, third party sale, merchant plants etc. and to those who avail the benefits of depreciation under the Income Tax Act. ..... | | |
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| Army to promote use of renewable energy among forces | | (June. 27, 2:30pm) Use of non-conventional energy sources including solar powered street lights and water heaters, wind mills, micro-hydel projects of 1 KW capacity and use of CFL lights is being promoted in cantonments. ..... | | |
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| After CERs, get ready for REC trading | | (June. 18, 1:45pm) With the rising demand for power and the depleting energy resources for power generation, Renewable Energy Certificates (REC) are set to bring about a paradigm shift in the way the renewable based electricity would be promoted in future..... | | |
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| $45 trillion needed to fight climate change: IEA | | (June.06, 6:45pm) On average per year 35 coal and 20 gas-fired power plants would have to be fitted with CO2 capture and storage (CCS) technology, between 2010 and 2050 at a cost of USD 1.5 billion each..... | | |
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| SBI, KfW CARBON FUND to jointly explore CDM financing | | (June 02, 1:10pm) The association with KfW, Germany's promotional Bank, is expected to increase SBI's capabilities in the carbon credits segment, sale of CERs, upfront financing against CER receivables, bundling of SME units for CDM registration, onlending for CDM projects and improving the skills of SBI staff in the area of carbon credits...... | | |
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| Mumbai metro rail project proposes meth seeking CDM eligibility | | (Jun. 02, 9:45am)Reliance Energy proposes new methodology for emission reductions through the construction and operation of urban rail based mass transit systems. Mumbai Metro 1 seeks 651,938 carbon credits during the 10 year crediting period beginning 2011...... | | |
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| EcoSecurities removes 5.4 million CERs from portfolio | | (May. 27, 6:30pm) EcoSecurities believes a number of biodiesel portfolio projects may be uneconomical. Accordingly, on a prudent basis, projects capable of generating 5.4 million CERs to 2012 have been removed from the portfolio at this stage...... | | |
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| UNFCCC advice on successful CDM registration | | (May. 20, 9:30pm) Experience has shown that the information needed to judge the suitability of a project for the CDM is vast and can take months to assemble. Here are six points to ensure a successful CDM registration..... | | |
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| 2,000 CDM projects in pipeline facing 2-year delay for accreditation: World Bank | | (May. 13, 2:30am) Countries need clear signal their projects will be able to sell carbon credits after 2012. Shortage of qualified “verifiers” and regulators becoming more vigilant is leading to a 2-3 year delay in approval process. A two-year delay for a project that’s supposed to start in 2008 amounts to 40 percent loss in carbon credits revenue..... | | |
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| Nargis victims are climate change victims: CSE | | (May. 07, 5:10pm) Nargis is a sign of things to come. The victims of these cyclones are climate change victims and their plight should remind the rich world that it is doing too little to contain its greenhouse gas emissions, says Sunita Narain ..... | | |
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| Pending legislation, the CSA would establish world's largest carbon trading market: Deutsche Bank | | (May. 05, 7:45pm) The potentially complex interactions between US and EU carbon markets and the implications for prices of international credits are not yet fully understood and deserve more attention in future. It is quite likely that US and EU climate policies, in particular the core element of cap-and-trade programmes, will converge over time in their principle design elements...... | | |
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| Aditya Birla submits PFC reduction project for CDM registration | | (May. 04, 3:30pm) The project expects to generate 3.8 million carbon credits over a ten year crediting period. The primary aim of the project is to reduce the PFCs (Perfluorocarbon gases, both Perfluromethane (CF4) and Perfluroethane (C2F6)) emissions which occur during anode effect at the smelters...... | | |
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| Holiday destinations to visit before 2030 | | (May. 02, 9:30am) Deutsche Bank Research report shows regional and seasonal shifts in tourist flows in vacation hotspots affected by climate change by 2030. Malta, Cyprus, Spain, Austria and Greece will particularly suffer from climate change. By 2030, it is expected that the snow line in the Alps will rise by 300 m. Beach and diving holidays will be more seriously affected by climate change...... | | |
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| Black Carbon Clouds over India | | (Apr. 30, 3:30pm) New plants are being encouraged to adopt more efficient and clean coal technologies. These brown clouds absorb incoming solar radiation and prevent it from reaching the surface, warming the atmosphere in the process...... | | |
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| From Bill Gates to US monks- - Americans contribute more than twice in GHG emissions as world average: MIT Study | | (Apr. 29, 10:55am) The somewhat disquieting bottom line is that in the United States, even the people with the lowest usage of energy are still producing, on average, more than double the global per-capita average. But the "floor" below which nobody in the U.S. can reach, no matter a person's energy choices, turned out to be 8.5 tons. Anyone who lives in the U.S. contributes more than twice as much greenhouse gas to the atmosphere as the global average, an MIT class has estimated...... | | |
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| JP Morgan downgrades Suzlon to Neutral | | (Apr. 28, 6:45pm) Remain bullish on wind energy demand and Suzlon’s investment-led growth strategy, but would await a better entry point into the stock considering near-term uncertainties...... | | |
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| Ind Synergy issued 22478CERs | | (Apr.24, 9:15pm) CERs for the monitoring period between from 28/04/07 to 31/12/07 for its waste heat recovery project..... | | |
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| India does not consider itself a major CO2 emitter: Special Envoy of PM | | (Apr. 22, 1:30pm) India advocates equity in global climate change negotiations. Developed countries have attempted to avoid their legal obligations under UNFCCC and the Kyoto ProtocolThough a few developed countries have attempted to avoid their legal obligations under UNFCCC and the Kyoto Protocol by arguing that till India and China remains outside emission regime, their own efforts will make little difference, India does not consider itself a major emitter by way of total volume of carbon emissions or per capita emissions...... | | |
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| Partnerships with other nations critical to expanding clean tech: California Governor | | (Apr. 21, 10:45am) Continuing to build partnerships with other nations and states is critical to expanding clean technology markets and reversing climate change. Climate change is a worldwide problem that requires a worldwide solution. Coordination and cooperation with partners throughout the U.S. and around the world is vital, says California Governor. ..... | | |
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| Suzlon to setup wind farms in China | | (Apr. 2:10pm) Suzlon Energy (Tianjin) Ltd, a wholly owned subsidiary has secured orders totalling nearly 200 MW of capacity for wind farm projects in the P.R. China...... | | |
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| Emissions trading was ridiculed first. Now it's kind of opposed: CCX CEO | | (Apr. 16, 8:30pm) Dr. Richard Sandor quoting Arthur Schopenhauer, the German philosopher, says that just like truth, emissions trading also passes through three stages. In the first stage it is ridiculed, in the second stage it is opposed; and in the final stage it is accepted as self-evident. The Chicago Climate Exchange, if it was a country, would be the biggest one in the world. Its emissions baseline is 550 million tons, which is bigger than all of Germany combined..... | | |
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| HDFC Bank signs MoU with Cantor CO2E and MITCON | | (Apr.15, 6:50pm) As per the MoU, HDFC Bank and its two partners will work on awareness building, identifying and registering Clean Development Mechanism (CDM) projects and, facilitating the buy/sell of carbon credits in the global market...... | | |
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| CDM registers 1000th project | | (Apr.14,7:20pm) The Kyoto Protocol’s clean development mechanism (CDM) has registered its 1000th project, an energy efficiency project in Andhra Pradesh, India, expected to reduce carbon dioxide emissions by more than 34,000 tonnes annually. ..... | | |
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| p-CERs seeing bids up to EUR 13.00 / CER | | (Apr.11,3:15pm) There seems to be a general widening of the spread between primary CERs from relatively small hydro- or landfill-projects to large wind- or industry-projects with large buyers preferring the latter as the attached project- and delivery-risks often can be considerably reduced when acquiring CERs from experienced counterparts, says Climate Corp..... | | |
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| Climate exchange | | (Apr.10, 9:10am) Unfair share of cause and effect. Ecological damages are distributed more towards poor nations ..... | | |
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| All official carbon credits are creatures of regulation: VCM Partners | | (Apr. 06, 12:30pm) Companies would not commit to renewables if there were not at least some long-term benefit to the bottom line, though conceivably there is the philosophical belief that socially beneficial behavior is good for business as well. As the social virtue of renewables converges on economic benefits we can expect to see more and more companies moving to direct commitment to renewables...... | | |
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| 15 million birds to generate 54,585 carbon credits per year | | (Apr.01, 9:30am) SBEL to generate clean electricity from the poultry litter waste, reducing greenhouse gases such as Methane and CO2 being emitted into the atmosphere. The project hopes to generate 54,585 CERs over a ten year crediting period beginning 2008...... | | |
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| The EU ETS as it currently stands | | (Mar. 31, 5:45pm) Most chemical companies are already regulated under the scheme, but there will likely be tighter caps, and auctioning over time...... | | |
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| ACCOUNTING FOR CERS :THE VYAPAR COMMENT | | (Mar. 29, 2:30pm) Issued CERs should be regarded as inventory, just like other current assets, and prospective CERs are no different from prospective production of any good or service...... | | |
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| Indian CDM rejects analysis | | (Mar. 21, 10:45am) IGES Rejected CDM Project List aims to provide organised information on project activities that have been rejected by the CDM Executive Board as referred to in para 41 of the CDM modalities and procedures..... | | |
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| VER market guide | | (Mar. 17, 4:45pm) The voluntary carbon market enables those in unregulated sectors or countries that have not ratified Kyoto, such as the US, to offset their emissions...... | | |
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| Consumers trust brands which address climate change: Survey | | (Mar. 17, 10:45am) One company received a 56 percent trust rating in India but a mere 7 percent in France. Around half of the respondents say they would be more inclined to choose products from a petroleum company that invested in alternative energy or took some other step to benefit the environment. Consumers are more willing both to punish and reward the actions of food and beverage companies than of companies in other sectors. High-tech companies could take a wide range of environmental and social actions to improve their reputations and differentiate themselves from competitors...... | | |
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| Gold Standard VER Registry launched | | (Mar. 11, 8:10pm) The registry will serve as the Gold Standard’s Clean Development Mechanism/Joint Implementation (CDM/JI) project database to track the certification of Certified Emission Reductions (CERs) and Emission Reduction Units (ERUs). The registry also will ensure the transparency, quality, reliability, and security of these carbon commodities for the marketplace, in accordance with the premium standards of the Foundation. ..... | | |
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| RCF's phospho-gypsum wall panel to earn carbon credits: HBL Report | | (Mar. 11, 3:30pm) Ties up with Rapidbuilding Systems of Australia. A Rs 75-crore panel-making unit would be set up in Trombay for the project. A 36-sq-metre phospho-gypsum wall panel could replace 3,960 bricks. It would also save on 10,000 litres of water and 2.9 tonnes of carbon emission...... | | |
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| Our portfolio has about 10 million CERs over a 10 year period: Renco CEO | | (Mar. 05, 3:30pm) - -EXCLUSIVE- -The Indian Carbon Market is now maturing in its generation of Carbon Credits through innovation and prudent investment as well as its price expectation through pragmatism. Renco's Green Fund is expected to be in place by September 2008 and it will be deployed from the last quarter of 2008 for Last Stage Equity (LSE) investments in Green Energy Projects in India, irrespective of the generation of Carbon Credits and hence called Green Energy Fund..... | | |
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| VER market demand to touch 220 million tons in 2012: ICF report | | (Feb. 27, 5:45pm) Soaring demand for VERs especially in the United States and Europe, has resulted in highly fragmented product supply and pricing, with complex, unregulated, and non-transparent markets creating additional risks and uncertainties. ..... | | |
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| Using compact-plate heat exchangers to earn carbon credits | | (Feb. 15, 3:15pm) Refiners could earn carbon credits by using CPHEs as opposed to traditional shell-and-tube (S and T) heat exchangers. In a refinery, preheating crude oil uses the largest amount of energy, and the maximum gains from the CPHE for heat recovery can be made during this process..... | | |
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| Involve businesses to fight climate change: Deutsche Bank | | (Feb. 11, 9:45am) The global business community must have a long term market-based policy framework from governments to address climate change, said a senior official of Deutsche Bank on the concluding day of the Delhi Sustainable Development Summit...... | | |
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| Brazilian Girls, Wall Street & Indian Carbon Credits | | (Feb. 09, 9:30am) DWS Scudder, brought an Amazon jungle to the Promenade at South Street Seaport to promote its recently launched DWS Climate Change Fund. The event, one of 80 promoting the Fund nationwide, has been structured as carbon neutral by investing in an Indian CDM projects..... | | |
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| pCER MARKET CORRECTION SEEMED OVERDUE: Climate Corp | | (Feb. 08, 4:45pm) pCER market to undergo a minor consolidation as prices maybe have been climbing somewhat to fast in the last couple of months and a correction seems to be overdue. A lot of bearish sentiment kept EUA prices well below 20 Euro for the first days of the week, but from Wednesday on, EU Allowances were supported by increasing buying interest from utilities, strong UK NBP gas and bullish reports from investment banks..... | | |
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| CLEAN TECH INVESTMENT TO SURPASS $7 TRILLION BY 2030: Analysis | | (Feb. 07, 2:36pm) Study sees a major shift in public opinion, reinforced by the expectation that carbon policies could fundamentally change the competitive landscape of the global energy business. Clean energy technology could have disruptive rather than incremental impact...... | | |
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| India to setup Venture Capital Fund to promote green technologies | | (Feb. 07, 12:35pm) India's National Plan of Action on Climate Change will be released in June this year. PM warns that the world cannot continue with a global development model in which some countries continue to maintain high carbon emissions, while the development options available for developing countries get constrained...... | | |
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| Aditya Birla Nuvo issued 22674 CERs | | (Jan. 25, 7:45pm) CERs issued for energy efficiency CDM project through the installation of a modified CO2 removal system in their ammonia plant in Jagdishpur..... | | |
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| HOW WILL INDIAN CERS BE USED IN PHASE 3 OF EU ETS? | | (Jan. 24, 9:10am) Based on a stricter emissions reduction in the context of a satisfactory international agreement, the limit on the use of CDM credits will be automatically increased up to half of the additional reduction effort. Based on a 20% emissions reduction, i.e. before a satisfactory global agreement is reached, operators will be able to use credits given to them by their governments for the period 2008-2012 that they have not already used up. As the limit on these credits is generous it is expected that operators will be able to achieve more than one third of the emission reductions required between 2013 and 2020 through their use. ..... | | |
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