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8/9/2019 Carbon Trading Presentation
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PresentationPresentationonon
Carbon TradingCarbon Trading
Ashutosh Agrawal Ashutosh Agrawalwww.frontiers2explore.blogspot.com
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WHY A COMPANY NEEDS TO BE ETHICAL?
ANSWER: CARBON TRADING
( A Breakthrough Solution)
ENRON, WORLD COM, TYCO ETC CORPORATE GOVERNANCE
WHY SHOULD A COMPANY INVEST ON SOCIAL GOALS?
BRAND RECOGNITION & PRESTIGE
BUT WHY SHOULD A COMPANY INVEST ON ENVIRONMENT
?
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What is Carbon Trading?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
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How it works?How it works?
Marrakesh Accords in 2001 Mechanism of Carbon Trading
Annexe1 Annexe1 Non Annexe 1Non Annexe 1
Developed countries like Japan,Developed countries like Japan, Australia and that of Europe etc. Australia and that of Europe etc.
Except USAExcept USA
Developing Countries like India,Developing Countries like India,China etcChina etc
Only Annexe 1 has Pollution Cap i.e. Pollution Allowances
If Cap is Exceeded- Pay Tax
- Buy Pollution Allowances
- Buy Carbon Credits generated from CDM(Clean Development
Mechanism) & JI(Joint Implementation) projects
CarbonMarket
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Recent Growth TrendsRecent Growth Trends
ExchangeMarkets: EU ETS, UK ETS,CCX, NSW GHG Abatement SchemeExchangeMarkets: EU ETS, UK ETS,CCX, NSW GHG Abatement Scheme
World Bank ReportsWorld Bank Reports on Carbon Market:on Carbon Market:First three months transaction in 2007 > Complete Transaction of 2006First three months transaction in 2007 > Complete Transaction of 2006
Frost & Sullivan estimateFrost & Sullivan estimate -- 100 Billion Dollars by 2010100 Billion Dollars by 2010
Recent Development: Voluntary Markets
No hassles like in CDM Projects.Even individuals can pitch in.91 million dollars worth trading in 2006.
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Meteoric Growth in Carbon Credit Trading
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BUYERS SELLERS
Primary CDM Buyers & Sellers
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Carbon Assets of CDM Projects
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Promise For IndiaPromise For India
India under Non Annexe 1India under Non Annexe 1 ± ± No Cap, Can Sell Carbon Credit.No Cap, Can Sell Carbon Credit.
Makes Average Environmental Project, Above Average financially.Makes Average Environmental Project, Above Average financially.
World Bank Funding (10 million $).World Bank Funding (10 million $).
Boost to Environmental projects.Boost to Environmental projects.
NGO¶s Favourite for Rural Development.NGO¶s Favourite for Rural Development.
Eg:Eg:
Village µPowerguda¶ sold 645$ worth carbon credits in 2003.Village µPowerguda¶ sold 645$ worth carbon credits in 2003.
GFL & SRF sold 87 & 37 million $ respectively in 2006.GFL & SRF sold 87 & 37 million $ respectively in 2006.
(Installed an Incinerator to destroy Industrial Waste (HFC 23) )(Installed an Incinerator to destroy Industrial Waste (HFC 23) )
Other Projects: Dharmsala Hydro Power. Deepak Spinners etc.Other Projects: Dharmsala Hydro Power. Deepak Spinners etc.
As on 8 As on 8thth Nov 2007, Out of 844 total registered projects, 288 from India.Nov 2007, Out of 844 total registered projects, 288 from India.
India stands second with 12% Market Share.India stands second with 12% Market Share.
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What Carbon Trading AchievesWhat Carbon Trading Achieves A Paradigm Shift A Paradigm Shift
Departure from Traditional means of Tax & RegulationDeparture from Traditional means of Tax & Regulation
Synergy B/W Environmental Goals & Economic GoalsSynergy B/W Environmental Goals & Economic Goals
Its EffectiveIts Effective
Promotes Clean Technologies in WorldPromotes 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.
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Bibliography:
1. Karan Capoor & Philippe Ambrosi, µStates & Trends of the Carbon Markets 2007¶,With support of The World Bank & IETA.
2. µWindfall Profits From Carbon Trading¶, DARE ( A Cybermedia Publication), Page14, Vol 1/Issue 03/ Dec07.
3. µEmissions Trading¶, http://en.wikipedia.org/wiki/Emissions_trading4. µEmissions Trading¶, http://unfccc.int/kyoto_protocol/background/items/2880.php
5. µIndian Villages in Carbon Trading¶http://www.goodnewsindia.com/index.php/Supplement/article/indian-villages-in-global-carbon-trading/P1/
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Ashutosh Agrawal Ashutosh Agrawal
www.frontiers2explore.blogspot.com
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