Carbon Trading Presentation
Carbon Trading Presentation
Carbon Trading Presentation
on
Carbon Trading
Ashutosh Agrawal
www.frontiers2explore.blogspot.com
WHY A COMPANY NEEDS TO BE ETHICAL?
ENRON, WORLD COM, TYCO ETC CORPORATE GOVERNANCE
?
ANSWER: CARBON TRADING
( A Breakthrough Solution)
What is Carbon Trading?
Most Severe Threat : Global Warming
Pollutants: Green House Gases
Major Green House Gas: Carbon Dioxide
Other Gases: Carbon Dioxide Equivalents
Genesis: Kyoto Protocol 1997
Intention: Reward Good Environmental Behaviour
Punish Bad Environmental Behaviour
How it works?
Marrakesh Accords in 2001 Mechanism of Carbon Trading
BUYERS SELLERS
Carbon Assets of CDM Projects
Promise For India
India under Non Annexe 1 – No Cap, Can Sell Carbon Credit.
Makes Average Environmental Project, Above Average financially.
World Bank Funding (10 million $).
Boost to Environmental projects.
NGO’s Favourite for Rural Development.
Eg:
Village ‘Powerguda’ sold 645$ worth carbon credits in 2003.
GFL & SRF sold 87 & 37 million $ respectively in 2006.
(Installed an Incinerator to destroy Industrial Waste (HFC 23) )
Other Projects: Dharmsala Hydro Power. Deepak Spinners etc.
As on 8th Nov 2007, Out of 844 total registered projects, 288 from India.
India stands second with 12% Market Share.
What Carbon Trading Achieves
A Paradigm Shift
Departure from Traditional means of Tax & Regulation
Synergy B/W Environmental Goals & Economic Goals
Its Effective
Promotes Clean Technologies in World
Caveat Emptor
Not a substitute for Policy Making.
R&D on Clean Technologies must go on.
Realistic Caps on Annexe 1 countries.
Bibliography:
1. Karan Capoor & Philippe Ambrosi, ‘States & Trends of the Carbon Markets 2007’,
With support of The World Bank & IETA.
2. ‘Windfall Profits From Carbon Trading’, DARE (A Cybermedia Publication), Page
14, Vol 1/Issue 03/ Dec07.
3. ‘Emissions Trading’, http://en.wikipedia.org/wiki/Emissions_trading
4. ‘Emissions Trading’, http://unfccc.int/kyoto_protocol/background/items/2880.php
5. ‘Indian Villages in Carbon Trading’
http://www.goodnewsindia.com/index.php/Supplement/article/indian-villages-in-
global-carbon-trading/P1/
Ashutosh Agrawal
www.frontiers2explore.blogspot.com