Tag Archives: Carbon credit

Carbon credits hit rock bottom in global market

There has been so much buzz about the carbon emissions and global warming among the commoners but have you ever wondered what’s happening on the business front in this aspect?

The CER, or carbon credit, which is a permit representing the right to emit a ton of carbon dioxide or a greenhouse gas, is continuing to slide in the global markets and the first commitment period for the Clean Development Mechanism (CDM, under which carbon trading is permitted) is coming to an end this year, leaving the companies and investors with carbon credits worried.

Carbon offset credits have fallen to a new all-time low amid oversupply and signs of a possible ban on some credits in the European Union system. There has been a major blow to the carbon credits in market post the Durban talks (UN Climate Change Conference, December 2011) as Europe, one of the major buyers, put a brake on purchase of green credits, citing recession and a financial crisis.

Although there have been millions of talks and awareness campaigns about global warming, the most important job of executing with vigorous compulsion and innovation still remains a serious challenge.

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Don’t pay a sin tax

English: Clean Energy Bike Français : Vélo Cle...

Have you heard of carbon credits? People call it a sin tax. You pay extra money and keep driving your SUV. That is not on. It abuses the global ecosystem. Continue reading

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Save energy by law, lose carbon credit

Energy saving light bulbs for sale.

Image via Wikipedia

There is an absurd irony to how subsidies and carbon credits work.

A piquant situation is now arising in the case of CFLs which enjoy a carbon emission reduction credit of as much as about Rs 100 per lamp with a mapping of energy saving over 7 years. Companies have been able to sell these lamps at Rs. 15 with the rest of the money being acquired as CER credit for the energy saving achieved over a cycle of 7 years. Continue reading

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