User: subbu Topic: Energy
Category: Carbon Trading
Last updated: Jul 27 2015 20:49 IST RSS 2.0
 
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Climate deal must avoid US Congress approval, French minister says 2.6.2015 The Guardian -- World Latest

Goal of UN talks in Bonn is to shorten the sprawling climate change plan as countries push for a legally binding deal

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World has no choice but to decarbonise – U.N. climate chief | Reuters 26.5.2015 FirstPost: World

BARCELONA (Thomson Reuters Foundation) - Responding to climate change in the next 15 years is the world's "mega development project", given the need to invest trillions of dollars in infrastructure, creating jobs and economic stability, the United Nations' top climate change official said on Tuesday. "It makes fundamental economic sense" for countries to push forward on tackling climate change because of the benefits it will bring in terms of food, water and energy, as well as employment," Christiana Figueres told a carbon market conference in Barcelona.

The post World has no choice but to decarbonise – U.N. climate chief
| Reuters
appeared first on Firstpost.

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China carbon market to fight climate change 24.5.2015 Asian Age: International
At first, the numbers and company names flashing on a big board in Beijing’s financial district suggest a booming market. A closer look indicates otherwise: The scrolling list rotates the same dozen or so trades, all from last year. The lights from the Beijing Environment Exchange — one of seven pilot markets in China for trading carbon — raises questions for the country as it prepares for next year’s roll-out of a nationwide system that could help the world’s biggest emitter of heat-trapping carbon dioxide rein in its emissions. A successful carbon offset, or “cap-and-trade,” market could play a big part in cutting China’s emissions — and help the world tackle global warming. Already launched in Europe, California and a few other spots, such carbon offset markets limit how much carbon can be emitted per year by factories and businesses. They then let those businesses that release less carbon than the cap sell to other companies permissions to emit whatever’s left. So far, the pilots have failed to make ...
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China carbon market to fight climate change 24.5.2015 Asian Age: International
At first, the numbers and company names flashing on a big board in Beijing’s financial district suggest a booming market. A closer look indicates otherwise: The scrolling list rotates the same dozen or so trades, all from last year. The lights from the Beijing Environment Exchange — one of seven pilot markets in China for trading carbon — raises questions for the country as it prepares for next year’s roll-out of a nationwide system that could help the world’s biggest emitter of heat-trapping carbon dioxide rein in its emissions. A successful carbon offset, or “cap-and-trade,” market could play a big part in cutting China’s emissions — and help the world tackle global warming. Already launched in Europe, California and a few other spots, such carbon offset markets limit how much carbon can be emitted per year by factories and businesses. They then let those businesses that release less carbon than the cap sell to other companies permissions to emit whatever’s left. So far, the pilots have failed to make ...
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China Readies National Carbon Market to Fight Climate Change 24.5.2015 newindianexpress.com
A successful carbon offset, or "cap-and-trade," market could play a big part in cutting China's emissions — and help the world tackle global warming.
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EU agrees 'landmark' carbon market deal 6.5.2015 Guardian: Environment

Emissions trading reform expected to pull the plug on Europe’s carbon credit glut in 2019, but environmentalists warn of need for long-term solution

A deal to claw back hundreds of millions of surplus allowances from Europe’s emissions trading system (ETS) has been hailed as a watershed by environmentalists, MEPs and renewable industry groups.

Nearly half of the continent’s emissions are covered by the ETS, the world’s largest carbon market, which sets a cap on CO2 output and forces firms to buy or sell allowances to stay within its boundaries.

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French ambassador urges Australia to join climate change battle 6.5.2015 The Guardian -- World Latest

Christophe Lecourtier says he is optimistic about Australia’s ‘momentum’ and it joining a ‘coalition of countries’

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Canada’s provinces try to exert climate change pressure on Harper government 28.4.2015 The Guardian -- World Latest
Despite Alberta’s absence, a provincial alliance aims to take steps to make the Canadian economy more ‘carbon sober’ before Paris climate conference Continue reading...
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Staff crunch likely to hit Mission Kakatiya 13.4.2015 Hindu: News
The technical staff in the Groundwater Department are crucial to studying the impact of the restoration of minor irrigation tanks and identifying suitable spots for sinking tube wells.
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World Bank to hold $25 mn auction for UN carbon credits 30.3.2015 HBL: Home
The World Bank will hold an auction worth $25 million in June for UN-backed carbon credits from projects designed to cut methane emissions, the bank said on Monday.The so-called Pilot Aucti...
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‘Green’ dam linked to killings of six indigenous people in Guatemala 26.3.2015 Guardian: Environment

Indigenous people are being ‘terrorised’ after protests against a mega-dam backed by European development banks, whose carbon allowances will be tradable on the EU’s emissions trading system

A planned mega-dam in Guatemala, whose carbon credits will be tradable under the EU’s emissions trading system, has been linked to grave human rights abuses, including the killing of six indigenous people, two of them children.

Several European development banks and the World Bank’s International Finance Corporation (IFC) have provided funds for the $250m (£170m) Santa Rita dam.

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Direct Action set up to allow large rise in emissions, says Climate Institute 26.3.2015 The Guardian -- Front Page

So-called ‘safeguards mechanism’ will at best mean business as usual for Australia’s major polluters and at worst lead to far more greenhouse gas output

The final element of the Abbott government’s Direct Action climate change policy will at best mean major polluters continue business as usual and at worst lead to significant increases in their greenhouse gas emissions according to the Climate Institute thinktank.

The framework for the final part of Direct Action scheme – the so-called “safeguards mechanism” – confirms it will allow big polluters to buy carbon credits if they exceed new baselines for their greenhouse emissions, but also that it will set those baselines at levels that ensure few companies will have to.

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How SEBI-FMC merger will help sustainability of financial markets 23.3.2015 HBL: Commodities
It will lead to trading in contracts barred under FCRA, 1952
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Government mulls Priority Sector Lending Certificates for banks 15.3.2015 Asian Age: Business
PSLCs will provide a market-driven incentive for efficiency New Delhi: Government proposes to introduce Priority Sector Lending Certificates (PSLCs), on the lines of carbon credit trading, wherein banks can earn premium for exceeding targets. This will be a part of the government's "re-orientation" of the priority sector lending schemes where banks are given targets to provide credit to specific sectors, like exports and agriculture. "PSLCs will provide a market-driven incentive for efficiency and enable banks to sell their surplus lending and thus earning a premium for their efficiency/geographical spread," sources said. Earlier this month, an RBI committee had recommended introduction of PSLCs to enable banks "to meet their PSL requirements even while leveraging their comparative advantage in lending". The changes proposed in the priority sector guidelines are aimed at re-aligning the norms with the significant change in the economic structure, contribution by various sectors to GDP and the ...
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Government mulls Priority Sector Lending Certificates for banks 15.3.2015 Asian Age: Business
PSLCs will provide a market-driven incentive for efficiency New Delhi: Government proposes to introduce Priority Sector Lending Certificates (PSLCs), on the lines of carbon credit trading, wherein banks can earn premium for exceeding targets. This will be a part of the government's "re-orientation" of the priority sector lending schemes where banks are given targets to provide credit to specific sectors, like exports and agriculture. "PSLCs will provide a market-driven incentive for efficiency and enable banks to sell their surplus lending and thus earning a premium for their efficiency/geographical spread," sources said. Earlier this month, an RBI committee had recommended introduction of PSLCs to enable banks "to meet their PSL requirements even while leveraging their comparative advantage in lending". The changes proposed in the priority sector guidelines are aimed at re-aligning the norms with the significant change in the economic structure, contribution by various sectors to GDP and the ...
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Government mulls priority sector lending certificates for banks 15.3.2015 ET: Banking
Among the changes proposed, renewable energy sector is likely to be accorded the priority sector lending status, up to Rs 10 crore loans.
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Govt mulls priority sector lending certificates for banks 15.3.2015 News
Government proposes to introduce Priority Sector Lending Certificates (PSLCs), on the lines of carbon credit trading, wherein banks can earn premium for exceeding targets.
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Govt mulls priority sector lending certificates for banks 15.3.2015 Rediff: Business
Government proposes to introduce Priority Sector Lending Certificates (PSLCs) to banks.
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Switzerland becomes first country to submit Paris climate deal pledge 27.2.2015 Guardian: Environment

Swiss government says it will cut greenhouse gas emissions 50% by 2030 as part of a UN deal on global warming later this year, reports RTCC

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US students to conduct impact assessment of Mission Kakatiya 26.2.2015 Hindu: Hyderabad
A team of seven researchers (students) from the University of Michigan (UoM), US, have joined hands with the Telangana Government to educate farmers on applying silt from minor irrigation tanks in...
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