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Showing posts with label environment. Show all posts
Showing posts with label environment. Show all posts

Carbon Trading

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What is Carbon Trading? 

Carbon Trading refers to the buying and selling of the right to release carbon dioxide or greenhouse gases into the environment by various countries. The carbon trade across the world began in 1997 with the signing of Kyoto protocol in Japan by 180 countries. The Kyoto protocol called for 38 industrialised countries to reduce their greenhouse gas emission.  

Growing environmental pollution across the world has been a cause of concern to everyone. Rapid development and industrialisation have only added to the problem. Carbon is an element stored in fossil fuels such as coal and oil when these fuels are burnt, carbon dioxide is released. 

Carbon trading is like any other market trading. Carbon has been given economic value allowing people, companies or nations to trade it. If a company purchases carbon, it gets the right to burn it. Similarly, the country selling it, gives up the right to burn it. The carbon’s value is based on the ability of the carbon owning country to store it and prevent it from release into the atmosphere.

Advanced Energy Efficiency

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Constructing Change by Advancing Energy Efficiency

 
In a power-deficit country like India, energy efficiency can be a new kind of power plant that provides energy to millions who do not have access to it, and where economic growth can be driven by the savings from energy efficiency

A watershed event in human history took place in 2008, when the urban population of the world outnumbered that of the rural. Cities, which occupy a miniscule 0.05 percent of the earth’s surface, are projected to hold an immense 80 percent of the world’s total population by the end of the twenty-first century. In India too, the rate of urbanization is unprecedented and two-thirds of the commercial and high-rise residential structures that will exist in the country in 2030 are yet to be built. This urban sprawl is creating unique challenges related to the natural environment. As a result, to prepare for the coming decades, policy makers need to think innovatively about planning for and taking action on a range of issues from ecological and energy implications to protecting public health. The current urban sprawl and unparalleled demand for the construction of buildings is also creating vast opportunities. Buildings already account for more than 30 percent of India’s total electricity consumption. Looking ahead, India’s building sector is expected to increase five-fold from 2005 to 2050. India is thus at a unique crossroads with a singular opportunity to lock in energy and cost savings for the next several decades by implementing energy efficiency in buildings that are being constructed now.  

The imperative for efficient construction is much more crucial than the individual savings from which owners and end-users benefit. India’s total energy requirement is projected to grow at 6.5 percent per year between 2010-11 and 2016-17, to support the country’s projected 9 percent growth rate. The meeting of this energy demand, however, is fraught with the challenges of peak electricity demand shortages, dependence on energy imports and vulnerability to the volatility in international energy prices. Furthermore, India is en route to becoming the world’s second largest emitter of greenhouse gases and is already experiencing the adverse impacts of climate change. Each of these challenges can be addressed significantly and effectively by making energy efficiency a central plank in the country’s long-term growth planning.

 

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