PPT ON CARBON CREDITS

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Carbon credits  Presentation Transcript

1.CARBON – CREDITS

2.DO YOU KNOW ??? Each of these activities add 1 Kg CO2 to your carbon footprint. Travelling by public transportation a distance 10 to 12 Km ( 6.5 to 7 miles). Operating your computer for 32 hours (60 watt consumption assumed) Production of 5 plastic bags. Flying with a plane a distance of 2.2 Km or 1.375 miles. Production of 1/3 of an American cheeseburger.

3.INTRODUCTION A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one tone of carbon or carbon dioxide equivalent (CO2 -e). They are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). They have led to the establishment of carbon market all across the world. They are the new currency in the market for trading of carbon. They can be sell within a country and between the countries. Global Warming has led to the development of this concept.

4.HOW IT CAME INTO BEING??

5.KYOTO MECHANISM HOW BUYING CARBON CREDITS CAN REDUCE EMISSIONS ??

6.SETTING A MARKET PRICE FOR CARBON.. Optimal carbon price is the market price on carbon emissions that balance the incremental costs of reducing carbon emissions with the incremental benefits of reducing climate change. Price of carbon in market is raised. It can achieve four goals. Carbon Credits are traded at CO2 exchange in UK, CDM exchange in Europe and the Chicago climate exchange. Current carbon credit price was Rs 752.5 as traded on 16/3/11.

7.CALCULATION OF CARBON CREDITS “Forest Sequestration”

8.CARBON FOOTPRINT Carbon Footprint is the sum of all emissions of, CO2 which was induced by a person’s activity in the time period of year. It is usually expressed in equivalent tones of carbon dioxide. It is a very powerful tool to understand the impact of personal behavior on global warming.

Constant monitoring of ones carbon foorprint is essential.

9.GENERATION OF CARBON CREDITS Efficiency and Conservation Carbon free and reduced carbon energy sources Carbon capture and sequestration Cap and Trade and market based controls Voluntary carbon dioxide cap and trade approaches .

10.SCENARIO IN INDIA India comes under a non-annex country. According to a report, the total CO2 equivalent emissions in 2007were 1,612,362.00 in thousands of metric tones. Prices of carbon products are expected to rise in future to meet targets. There are some major sources of GHG’s emission in India. Many CDM projects have come up for future.

11.REFERENCES www.google/latest%20technology/carbon%20credits.htm www.google/latest%20technology/Carbon_credit.htm www.google/Global-Warming-Effects.html www.google/FAQ _ Carbon Market Solutions.htm www.google/Kyoto_Protocol.htm