What are the current problems in our environment today ??
Sea level increasing
Weather becoming more hotter.!!
What is the REASON behind it ????
GLOBAL WARMING !!
KYOTO PROTOCOLThe Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change(UNFCCC) passed on 11 December 1997 in Kyoto, Japan but came in force on 16 February, 2005.Countries involved in Kyoto protocol
Countries that ratify this protocol commit to reducetheir emissions of carbon dioxide . (b) Other greenhouse gases (c)engage in emissions trading if they maintain or increase emissions of these gases.
CARBON TRADINGCARBON CAP-TRADE PROGRAM
CARBON CREDIT 1 CARBON CREDIT 1 ton of CO2 or its equivalent greenhouse gas (GHG) which is an entitled certificate by UNFCCC (United Nations Framework Convention on Climate Change)Benefits of Carbon Trading1. Reduction in green house gas emission
2. Source of revenue for developing nations
3. Supports a free market systemDisadvantages of CARBON TRADING:Right to pollute
Industries in the ratified nations are purchasing legal rights to pollute the atmosphere
Industries are opting the easy way purchase more allowances than implementing greener technologies
Lack of centralized system or global framework
Absence of a centralized and accepted global standards/act are missing
22Carbon Credit Traders In IndiaAndhyodaya Green Energy Grasim Industries Ltd.Indo Gulf FertilizersIndus Technical & Financial Consultants LtdMadhya Pradesh Rural Livelihoods ProjectRajasthan Renewable Energy Corporation
Reliance Energy Ltd.Tata Motors LimitedTata Steel LimitedBajaj Finserv LimitedDhariwal Industries LtdTata Power Company LimitedBlueStar Energy Services Inc.Valera Global Inc.