Green India Mission: Marching towards a greener future

The National Mission for a Green India is one of the eight Missions under the National Action Plan on Climate Change (NAPCC) – See following figure. It is designed to take positive steps toward the vulnerability assessment associated with depleting natural resources and their impacts on livelihoods of the local people. Further it leads to increase green cover of the country.   India has around 21% geographical area under the forest (FSI 2007). It could support variety of environmental amelioration40

REDD+

World’s first REDD credits issued under the VCS

On Feb 2011, world’s first Reduced Emissions from Deforestation and Forest Degradation (REDD) credits were issued under the VCS. This news has come out just after the announcement of changing VCS’s title from Voluntary Carbon Standard to Verified Carbon Standards. This project generated approximately 1.45 million credits for its first six-year monitoring period (One credit=1 ton of CO2). As per the news on VCS website, these credits were issued to the Kasigau corridor REDD project – Phase I, developed by40

Carbon can be traded again

European Union reopened world’s largest carbon trading market on first week of this month. It had been suspended after the cyber attack on 19th Jan 2010 on different National registries. (Read full story here). Hackers have succeeded to steal up to two million European Union Allowances (One EUA = About 13 Euro) from the Czech national carbon registry along with Greece, Estonia, Poland and Austria. First five registries France, Germany, Netherlands, Slovakia and Britain took initiative to reopen followed by40

Carbon Tax

Carbon Tax: An Indian Perspective

Increasing concentrations of GHGs resulting from burning of fossil fuels are gradually warming Earth’s climate. Fuel molecules consist of tetravalent carbon atom which is the source of energy. When fuel gets burnt in the presence of oxygen released carbon dioxide with other polluting gases resulting in climate change. Carbon tax can be called as a tax on carbon or an environmental tax that is mostly levied on carbon content of the fuel. The fundamental concept behind carbon tax is to40

Carbon sequestration potential of Bamboo-Mycorrhiza

Climate change impacts on biodiversity are already evidenced by shifting migration ranges of insects and animals, modified flowering and fruiting cycles and species extinctions. Other impacts including floods and storms are more severe, and heat waves are becoming more extreme. Thus, there is urgent need of remedial measures to lower down the CO2 level. Understanding Carbon Sequestration: Releasing and absorbing green house gases such as carbon dioxide and methane by the terrestrial (on the land masses of continents and islands)40

Green House Gas inventory-Indian NATCOM

Note: Read snapshot of India’s Green House Gas emission Report (2007)  here Excess release of pollutants in the atmosphere is a starting point of any environmental pollution. Growing accumulation of green house gases accelerates the green house effect that further results into additional warming of the planet. Climate change is real and it’s effects have been already visible. Since past 200 years industrial revolution subsequently resulting in higher consumption of natural resources like fossil fuels and minerals. Growing concern about40

An introduction to Carbon Disclosure Project

In 2000, the Carbon Disclosure Project was launched by an UK based organization to disclose greenhouse gas emissions by the organizations. CDP is a key to accelerate the climate change mitigation initiative by providing quantitative information about the green house gas emissions. It is difficult for businesses to disclose their sensitive information through the barriers of internal policies, investment priorities and top management attitude. Investors, stakeholders, political leaders and big corporations can collectively trigger this initiative and make the requirement40

Computer hackers are now active on Carbon markets

As per the IOL news, hackers stole million tonnes of carbon credits from the European Union Emission Trading Scheme (EU-ETS). Online auctioning for the carbon credits is not safe now. As a result 27 European States were shut down their national registries for a week. Reports further state that the volume of the credits comes around millions of Euros and stolen from Czek Republic. Understanding the Carbon trading: Cap and trade system provide market based approach to trade the GHG40