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Dhruv Bhatia Bhupesh Bhute Megha Gandhi Charanya Kumar Vivek Singh 84 94 96 103 131
Last Decade
Rise in Emissions
Emission of Green House gases
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Melting of polar Ice Flood and hurricane
Kyoto Protocol
Year-1997 Through CARBON CREDITS
Except 1 country all signed the Kyoto Protocol to save the earth from CARBON emissions
Kyoto Protocol
Under the Kyoto Protocol, the 'caps' or quotas for Greenhouse gases for the developed Annex 1 countries are known as Assigned Amounts and are listed in Annex B. The quantity of the initial assigned amount is denominated in individual units, called Assigned amount units (AAUs), each of which represents an allowance to emit one metric tonne of carbon dioxide equivalent, and these are entered into the country's national registry
Carbon Trading
SRF sells 2 units of Carbon credits to MRF
INDIAN SCENARIO
INDIAN SCENARIO
INDIA S POTENTIAL
India Non Annex I country, has a large scope in emissions trading. India and China together contribute to $5 billion of the global carbon trade estimated at $30billion. It is one of the leading generators of CERs through CDM. Analysts forecast that its trading in carbon credits would touch US$ 100 billion by 2010.
POSITION OF INDIA
India is considered as the largest beneficiary, claiming about 31 % of the total world carbon trade through CDM. It is expected to rake in at least Rs 22,500 crore to Rs 45,000 crore over a period of time.
CONCLUSIONS
In the new regime, the country could emerge as one of the largest beneficiaries accounting for 25 % of the total world carbon trade, says a recent World Bank report. Analysts claim if more companies absorb clean technologies, total CERs with India could touch 500 million. Of the 391 projects sanctioned, the UNFCCC has registered 114 from India, the highest for any country.
References
1. http://www.greenstudentu.com/encyclopedi a/carbon_footprint/carbon_credits 2. http://www.pointcarbon.com/news/1.14277 46 3. http://ourworld.unu.edu/en/the-pros-andcons-of-carbon-trading/ 4. Understanding Carbon Credits by Gurmit Singh.
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