Dublin, 11th February 2010: EcoSecurities, a leading company in the business of sourcing and developing emission reductions from greenhouse gas abatement projects, has recently achieved successful approval of its eleventh methodology from the Clean Development Mechanism Executive Board (CDM EB). Through a renewable energy technology known as co-firing, the methodology permits the substitution of coal with solid biomass fuels in grid-connected power plants, reducing CO2 emissions and helping companies to meet their renewable energy targets.
PRESS RELEASE: UN approves the first CDM methodology for biomass co-firing in utility- scale fossil fuel power stations
Review of Forest Carbon Standards – Development of a tool to help organizations to identify the most appropriate forestry carbon credit
The concept of climate change began to attract attention in the 19th Century but it was not until the 1970s did substantial debate occur. In 1997, the Kyoto Protocol became the first environmentally focused, global, legally binding document. It has set limits on carbon emissions, officially defined the six greenhouse gases (CO2, CH4, N2O, HFC, PFC and SF6) and utilised three mechanisms (Emissions trading, clean development mechanism and joint implementation) to assist the market in financially viable emission reduction schemes. The voluntary carbon market emerged to fulfill the demand from organizations and businesses that wished to reduce their carbon emissions outside and beyond the compliance market.
| Sourced From Environmental Leader |
The Executive Board (EB) of the United Nations Clean Development Mechanism (CDM) announced tighter standards and streamlined procedures for the accreditation of third-party certifiers at a recent board meeting in Bonn, Germany, according to Energy Risk.
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POZNAN, Poland (Reuters) – U.N. climate negotiators meeting in Poland delayed until next year a decision whether to allow power plants to earn carbon offsets by fitting equipment which traps and buries carbon emissions underground.
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SINGAPORE, Oct 23 (Reuters) – U.N.-backed carbon-offset projects in Indonesia are taking at least two years to yield saleable credits because of bureaucratic delays and complex rules, a manager at a global carbon project developer said.
A panel within the United Nations climate agency is working to ensure carbon offsets are not acquired through projects that would give profits even in the absence of offset sales.
Businesses operating in developed countries can offset their emissions by investing in CDM projects within the developing nations as per the guidelines of the Kyoto Protocol. However, this was designed to initiate additional emissions-reduction projects that would not have been commercially feasible if it hadnt been for the chance to sell offsets.
From now on, developers launching a fresh emissions-reduction project need to notify the ministry of environment in their own countries plus the UNs climate agency no later than six months after the project start date.
The panels recommendations can be viewed here.
The EU carbon market is slated to be linked to the United Nation’s international carbon registry in the coming months. Though an exact date is yet to be announced, the software has been successfully tested and according to the EU’s executive commission, the link will surely go live before December 2008.
Under the EU Emission Trading Scheme (EU ETS), industries are issued a limited number of emission permits to stipulate a cap on the amount of greenhouse gases that they can generate. Industries can exceed the limit by trading with those with extra permits or investing in clean technology in developing countries to earn Certified Emission Reductions ( CERs) under the UN’s Clean Development Mechanism (CDM).
The carbon link will facilitate the transfer of CERs issued under the CDM to the registries of the EU. Carbon traders are hoping that the technical link will be up and running soon as the first major CER contract settlement is due on 1 December 2008. European Commission’s Barbara Helfferich said:
“We had a successful test run. Now we have to see that the U.N. is also ready, so setting the date is under negotiation … It should be shortly.”