Global Updates Asia

-
This week I will starting a series of post providing important updates and developments from Carbon Markets outside the EU and developments in the US.
Tokyo bought about 2 million tonnes in the past year of carbon offsets generated by clean energy projects in developing countries, called certified emission reductions (CERs)...
In the two years through March 2008, Tokyo had concluded contracts to buy a total 23.04 million tonnes from abroad, all of which were CERs generated by projects in developing countries under Kyoto's Clean Development Mechanism (CDM).



Comments

Post a Comment

Popular posts from this blog

CDM Projects by Scope (Industry)

-
Image
An analysis of the scope (sectoral) distribution of registered CDM projects tells a fascinating story. As of 2009 almost 60% of these projects were in energy related industries. Less than one half of 1% was is Forestation related projects. One reason for the sectoral bias is the relative role of the energy sector in carbon emissions and by extension its resulting demand for carbon credits. From the perspective of charting a course forward for the CDM, the present sectoral distribution provides strong evidence in support of the need for more Forestation delated CDM projects.
Read more
-
AND WE ARE BACK !!! Please excuse the lag in posts on this blog - It's amazing how time runs, when the singular focus is on getting ahead professionally. So much has happened in the world of Carbon Balance during this hiatus, especially in the area of Global financing of  Carbon Balancing Suffice to state that I have had the time to think about the direction of this blog moving forward. To this end the focus will be on four (4) main themes. Energy Efficiency and Renewable Energy Success Stories in Developing Countries New and Existing - Outside the Box Technologies  Financing of Energy Efficiency and Renewable Energy Best Practices in Policy and Implementation of Financing of Energy Efficiency and Renewable Energy The goal is to have a post a week on each of these Themes.
Read more

IFC Board approves new standards - Implications for Carbon Finance

-
The International Finance Corporation (IFC) announced the final approval of its revised social and environmental standards last month, ending a process that has been wracked by controversy. The revised standards are expected to be reflected in changes in coming weeks to the Equator Principles, a voluntary set of project finance guidelines. The new Performance Standards introduce a number of additional requirements to IFC’s lending criteria. For example, large companies in the developing world applying to the IFC for a loan will now have to report on their greenhouse gas emissions. Other additions include stronger safeguards on biodiversity protection, the introduction of grievance mechanisms for workers and local communities, new measures on the use of security services, and guarantees for community health and safety.
Read more