Tag Archives: Greenhouse gas

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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We’d be better off not planting trees-III: The reasons for resistance

English: An emerging Tamarind tree seedling. T...

Image via Wikipedia

I think it is a combination of resistance from managers and a lack of certainty on what it can mean if a manager lower down the hierarchy took that decision to make the change at one hotel, when the company’s HQ is based elsewhere in India or the world. Now who would want to incur the wrath of senior management at the corporate headquarters with a decision taken locally? Continue reading

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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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Listen to the land breathing…

Try this sometime. Find a starry night, go outdoors, lie down with your ear to the ground on a quite piece of land, and listen to the soil respiring, beyond the sound of your own breathing.

The soil-to-air cycle of carbon dioxide or soil respiration is a major source of CO2 emission. Continue reading

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Oil demand surges, production cost falls

The world oil consumption is rising again. The price of a barrel is moving towards $100. By 2035, demand may reach 110 million barrels a day, about 20 per cent more than in 2009.

The interesting thing is that the cost of production has been falling. A few years ago, most firms thought that the breakeven price was $75 per barrel. But now companies such as Shell say new developments are economical at $50.

There are obstacles mainly because of the sheer dirtiness of the business. In America, objections to the import of bituminous oil are loud; domestic opposition to exploiting tar sands and building pipelines which has long been fierce is gathering strength. Global production of conventional oil, the stuff that can be recovered easily using drills and wells is near or already at its peak. Only a leap in output from unconventional sources will prevent new surges in price.

Even if countries around the world agree on measures to control CO2 emissions, tar sand oil, like Canada’s, must fill a supply gap in the future. With more than 70 per cent of the world’s remaining oil in the hands of OPEC, half of its free oil is in the tar sands.

And that’s a good reason for the Americans to want to exploit these tar sand reserves of Canada.

(Pic source: internet)

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