Sentences with phrase «world carbon credits»

Not exact matches

Since the Kyoto protocol came into force in 2005, companies in the developing world can generate greenhouse gas emission reductions and sell them as «carbon credits» in the developed world through such mechanisms as the European Union's Environmental Trading Scheme (EU ETS), which is similar to schemes in Japan and New Zealand.

So companies in the developed world have an annual limit on the level of greenhouse gas emissions they can produce, and if they exceed their cap, they can purchase credits generated by the emission reduction projects or low - carbon technologies in developing countries.

CERs are the most heavily traded carbon offset credit in the world, used mostly by European companies to keep their greenhouse gas emissions levels beneath a government - mandated cap.

It took the E.U. four decades to create the euro; it may take the world even longer to invent a single carbon credit that is legal tender and equally valuable around the globe.

Any global emissions targets could be set and met by gradually reducing the world supply of carbon credits.

The CDM - the U.N.'s main carbon market set up by the Kyoto Protocol - has helped to channel almost $ 400 billion to carbon - cutting projects in the developing world by allowing investors to earn credits they can sell for use in meeting emission targets in richer nations.

The countries are aiming to set up a so - called Methane Abatement Facility with pledges of $ 100 million under the auspices of the World Bank to buy and cancel carbon credits, initially from projects that cut emissions at landfill waste sites.

With their reputations at stake, the world's biggest automakers are rolling out their best efforts in electrified vehicles over the next several years and are more interested in earning carbon credits than profits.

A new front splitter, side sills and rear spoiler extension — the new carbon - fibre components credited with the extra downforce — have been developed by Polestar and Cyan Racing, employing data derived from contention in the World Touring Car Championship.

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It needs to be spelled out, because the «solutions» that are acceptable to the business world (carbon credit trading and attempts at burying CO2 emissions) will have almost zero effect on the real world — the rate of increase of CO2 in the atmosphere will be unaffected by such «solutions».

In a «joint policy statement» published in the journal Science last month, a group of researchers from around the world said trade in carbon credits earned this way was premature «unless research provides the scientific foundation to evaluate risks and benefits.»

There's a clearly understood problem — China figured out they could claim carbon credits by building large new HCFC plants and destroying one of the byproducts, and selling the HCFCs for cheap third world air conditioners, and got away with that for some years.

Then you have an international meeting with 193 nations to sign an agreement to transfer wealth to the third world and to profit from the sale of carbon credits.

Instead of the end of REDD projects, we are entering a new stage where credits are generated both by projects and governments, maximizing the potential of our world's forests to sequester carbon and provide environmental services.

Funding will come from a two per cent levy on revenues generated by the clean development mechanism, the scheme allowing industrialised nations to pay for carbon credits produced by emission - reduction projects in the developing world and credit them against their own emissions targets.

Depending on your requirements offsetting can be anything from a quick and simple online transaction to purchase carbon credits from our selected ClimateCare projects, to a more in depth activity involving support for projects of your choice around the world, or even the creation of a brand new project, for example in your supply chain.

We are delighted to announce that Gola Rainforest Conservation, comprising partners the Government of Sierra Leone, the Conservation Society of Sierra Leone and the RSPB - one of the world's foremost conservation charities - have partnered exclusively with climate and development experts ClimateCare, to offer the opportunity to purchase carbon credits from its unique Gola REDD + Project in Sierra Leone.

Organisations interested in supporting this, or similar projects across the developing world should contact the ClimateCare team on [phone] or email [email protected] to request pricing for carbon credits.

«This research shows that credit ratings need to start looking at alternative futures, as a carbon constrained world will not see past performance of this sector be repeated,» it says.

WWF, the World Wildlife Fund, released a report this week claiming that one - fifth of all United Nations carbon credits are going to projects that might actually be increasing emissions.

The «smartest people in the world» also said Iraq had WMDs, never trust the smartest people when billions of dollars is at stake, and all that money is flowing to these people in the form of grant money, research grants, carbon credits, etc. and you said A. Climate Change, not A.GWwarming so I guess global cooling will soon be blamed on A. activity along with hurricanes and droughts.

However, no governmental carbon trading system in the world accepts REDD credits.

Along with polluters in search of «cheap» carbon credits, institutions such as the World Bank are key proponents of REDD carbon credits.

By purchasing Gold Standard credits from this project, companies will not only reduce carbon emissions, they will finance a world - leading community - impact project that delivers against a number of the UN's Sustainable Development Goals: reducing deforestation, tackling fuel poverty and reducing household air pollution.»

Disgusted with the payments, the European Union has announced that as of next year it will no longer accept the so - called waste gas credits from companies in its carbon trading system — by far the largest in the world — essentially declaring them counterfeit currency.

The carbon capture, utilization, and storage (CCUS) world is abuzz with news that Senators Heidi Heitkamp (D - ND) and Sheldon Whitehouse (D - RI) have introduced legislation to extend and enhance the 45Q tax credit.

But the climate refugees were actually brutalized and evicted from their land by European Union and World Bank «carbon credit» schemes — not any climate - related incidents.

For once, the credit crunch is arguably good news as it's likely to see a slowdown in world carbon emissions.

The groups pointed out that because REDD credits lack environmental integrity and pose unacceptably high social risks, «to date no regulatory carbon market in the world has allowed the use of sub-national forest offsets for compliance.»

«Under the [carbon trading] system, projects that reduce emissions in the developing world produce carbon credits, which companies in industrialized nations can then buy to offset their own emissions.»

The World Bank, as reported by the Wall Street Journal (WSJ), will guarantee the price of carbon credits for projects that cut methane and other greenhouse gasses in developing countries.

The idea is that credits representing the CO2 locked into this particular area of jungle — so remote that it is not under any threat — should be sold on the international market, allowing thousands of companies in the developed world to buy their way out of having to restrict their carbon emissions.

# 38 Trade carbon for capital... «One of the most ambitious of the Kyoto Protocol's plans to help cut greenhouse gases was the Clean Development Mechanism, through which companies in the rich world could earn credit not for reducing their own emissions but for investing in energy efficient projects in the developing world.»

Under the United Nations» Clean Development Mechanism, countries that have set targets to reduce emissions can accomplish this in two different ways: They can reduce emissions in their home country, or pay for new projects to reduce emissions in the developing world, gaining so - called carbon credit.

In response, the European Emissions Trading Scheme — the world's largest carbon market — banned the trade of HFC - 23 credits as of May 1, 2013.

The WWF, with grant money from the World Bank, have purchased the rights to Amazonian forest, and hope to make 60 billion dollars from carbon credits, through REDD (reducing emissions from developing countries deforestation).

The World Bank conducted its first two auctions for projects that would cut methane and CO2 emissions, where it guaranteed a price of $ 2.40 per carbon credit at the first auction, and $ 3.50 at the second.

The World Bank said, that with its guaranteed price for carbon credits, its clients would be more interested in starting emission cutting projects.

That, of course, would expand the opportunities for rich countries and rich - world companies to offset their emissions from dirty coal and inefficient cars by buying credits on international carbon markets.

These tax credits can pay enormous dividends at low cost: by helping reduce tropical deforestation, they'll cut the source of 15 of global carbon pollution, more than all the cars, trucks, ships, and planes in the world combined.

In April I reported that economic and political pressures were beginning to impact the UN carbon - credit programme that supports clean technology projects in the developing world, otherwise known as the Clean Development Mechanism (CDM).

Controversy over the Chinese dams recently led the European Climate Exchange (ECX), the world's leading market for trading carbon credits, to renew its ban on large hydropower Certified Emission Reductions (CERs), which are carbon credits issued by the CDM executive board.

Carbon Trade Exchange (CTX) is the world's first truly global electronic platform for spot trading of the world's leading voluntary carbon credits.

Carbon Trade Exchange (CTX), the world's first web - based electronic platform for spot trading of voluntary carbon credits, and the American Carbon Registry (ACR), the first U.S. carbon offset standard organization and project registry, will interface to trade ACR's entire range of diverse credits.

In December 2008, an International Rivers press release alleged that German utility RWE, one of the biggest carbon dioxide emitters in Europe, planned to buy carbon credits from the Xiaoxi dam in Hunan — which failed to meet World Commission on Dams guidelines — and that would be a breach of EU law.

Now, the World Bank has planned for the Tata coal burner to be eligible for carbon credits under Kyoto's Clean Development Mechanism.

I hear people saying the world has to cut back on energy or do that carbon credit thing.

TH: Yahoo! has had an increasingly visible presence in the world of «green», not only launching several new green online resources (like the green cars site), but purchasing renewable energy credits (something TreeHugger mentioned here) and pledging to be carbon neutral in 2007.

Joe Morrison, CEO of the North Australian Indigenous Land and Sea Management Alliance, explained that «in time, as the carbon market matures and world prices per tonne rise, these credits will more than pay for the costs of the fire abatement projects.»