Thursday, January 6, 2011

What is carbon offsetting

Carbon Offsetting



Carbon offsetting is a scheme that allows you to cancel out your personal greenhouse gas emissions by paying someone else to reduce their own emissions. It’s like an inverted bank account. If driving my car 1,000 kilometres puts a tonne of carbon dioxide into the air, for instance, I can neutralize the damage by paying someone to plant enough trees to draw a tonne of CO2 back out of the atmosphere.
Since the Earth has a single atmosphere, it doesn’t matter whether the trees are planted in New Germany, New Mexico or New Guinea. It doesn’t even matter whether the transaction involves the same greenhouse gases. Methane is 23 times more damaging than CO2, for instance, so one tonne of methane reduction is as good as 23 tonnes of CO2 reduction.

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Trees enlisted in carbon control

Trees enlisted in carbon control

| Sourced From Coloradoan |



Researchers at the U.S. Forest Service’s Rocky Mountain Research Station in Fort Collins are taking a look at how managing forests to promote carbon sequestration might help put a damper on climate change.
All those trees in the mountains absorb carbon in the air originating from vehicle tail pipes, which means the more trees there are in the woods, the more vehicle carbon emissions are trapped in the forest without contributing to climate change, said Tom Crow, manager of the Forest and Woodlands Ecosystem Pro-gram at the Rocky Mountain Research Station.

carbon trading

Kenya´s Green Drive into Carbon Trading

carbon trading

Kenya plans green drive to tap carbon billions





The government is seeking to tap billions of shillings from international carbon trading markets in a massive re-afforestation drive that will also create jobs for thousands of youths.
The plan involves rehabilitating degraded lands, 210 jua kali sheds and 200 hospitals through planting trees, grass, and flowers.

| Article information sourced From Businessdailyafrica |

carbon trading

Wednesday, January 5, 2011

Japan stands down from Carbon Trading

Japan’s government took a step back from plans to start carbon trading in 2013 amid opposition from industries that say emission-trading rules would add to costs and limit their ability to compete against rivals in China and India who don’t face the same restrictions.
Environment Minister Ryu Matsumoto declined to commit to the 2013 date in a press conference today after a meeting with other ministers to discuss the nation’s emissions trading plans. In August, an environment ministry panel recommended starting emission trading in fiscal 2013

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Tuesday, January 4, 2011

California approves extensive carbon-trading scheme

California approves extensive carbon-trading scheme

Conoco Oil Refinery in Rodeo, California (file picture) 

California has approved an extensive carbon trading plan aimed at cutting greenhouse emissions.
State regulators passed a "cap-and-trade" framework to let companies buy and sell permits, giving them an incentive to emit fewer gases.
The aim is to create the second-largest market in the field, after Europe's.
State officials hope the scheme will be copied across the US, but opponents warn it may harm California's growth and lead to higher electricity prices.
California's Air Resources Board approved the new rules late on Thursday. They are part of a landmark state climate bill passed by the legislature in 2006, which set 1 January 2011 as the deadline for enacting a cap-and-trade system.
The scheme means that from 2012 California will allocate licences to pollute and create a market where they can be traded.
A company that emits fewer greenhouse gases than its permits allow, could sell the extra capacity to a dirtier firm.
By making over-polluting more expensive, the scheme aims to provide incentives to develop greener technology.
Over time the total amount of greenhouse gas emissions - the cap - is to be reduced. California wants to cut emissions to 1990 levels by 2020.
Costs
Although all firms will eventually need to buy greenhouse gas allowances, most of the permits will be given away in the first three-year period.
But many businesses fear they will suffer in an economy that is struggling to emerge from recession, the BBC's Rajesh Mirchandani in Los Angeles says.
Dorothy Rothrock of the California Manufacturers and Technology Association told Reuters news agency: "There are definitely going to be some costs incurred right up front for these companies."
Outgoing Governor Arnold Schwarzenegger - who supports environmental causes - argues that growth in emerging green technologies will offset the costs of cap-and-trade.
"Since 2006 or so green jobs have been created 10 times faster than in any other sector," he said.
California - the world's eighth largest economy - already has strict climate-related regulations, including renewable energy mandates for utilities, and tough fuel-efficiency standards for cars.

News Source: http://www.bbc.co.uk/news/world-us-canada-12016137

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carbon trading

Monday, December 13, 2010

Cancun Climate Change Conference agrees plan to cut carbon emissions

Cancun Climate Change Conference agrees plan to cut carbon emissions

Delegates from193 countries agreed at Cancun to cut carbon emissions and help developing countries tackle climate change as part of an "historic" deal to help stop global warming.

Full story :

http://www.telegraph.co.uk/earth/environment/climatechange/8196634/Cancun-Climate-Change-Conference-agrees-plan-to-cut-carbon-emissions.html

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carbon trading

Wednesday, December 8, 2010

Shipping , cleaner carbon

Shipping to steer cleaner carbon course

Ships could be charged different fees to dock depending on how much carbon they emit, according to ideas being discussed at the UN climate summit.
The government of Papua New Guinea is considering the plan, and is hoping other nations may become involved.
The Carbon War Room, co-founded by Sir Richard Branson, has launched an online tool grading 60,000 commercial vessels according to their emissions.
Shipping contributes about 1Gt of CO2 each year, more than the entire UK.
Currently shipping fuels are exempt from national carbon accounts, which has caused much head-scratching about how their emissions could be curbed.
The new approach is to give businesses the tool they need to selectively use lower-emitting vessels.
"The Carbon War Room has been advocating the need for business to play a leading role in the fight to reduce carbon emissions," said Sir Richard.
"This data hub for shipping will help the key players in the industry and their customers make better decisions for their businesses and ultimately, the planet."
Data for 60,000 ships, including many of the big, long-distance carriers, has been put in to the website using data from international registers and methods developed by the International Maritime Organisation (IMO).
The project's initiators hope that big corporations in particular will selectively use low-carbon carriers, encouraging all operators to improve their operations and reducing the industry's overall carbon footprint.
"We're hoping that companies like Nike or Walmart will go for it for two reasons," said Peter Boyd of the Carbon War Room.
"Firstly, they're concerned about greening their brands, but also about securing their supply chains."
But, he said, he was also intrigued by the idea that governments could set differential landing charges for ships depending on their emissions.
Papua New Guinea's delegate to the UN climate convention meeting, Kevin Conrad, told BBC News his government was considering the idea as part of a bigger package of measures designed to cut carbon through engagement with the private sector.
"Our duty is to find those that are leading the charge in the private sector, and work with them to achieve our climate goals," he said.
The ships would be rated on an A-G scale according to their efficiency.
The scheme's labels look very similar to the ratings given to consumer electrical goods such as refrigerators in the EU, which have helped drive up standards.
The Carbon War Room - a non-profit organisation aiming to "harness the power of entrepreneurs" to curb climate change - is hoping that ship owners will voluntarily choose to lodge their emissions data on the website shippingeffiency.org in order to boost their profile.
They calculate that global shipping emissions could be cut by about 30% just through increasing efficiency, although much greater gains could materialise in future as designers pursue new - or revisit old - concepts such as sails, kites and solar power.
Ships could be charged different fees to dock depending on how much carbon they emit, according to ideas being discussed on the sidelines of the UN climate summit.
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