An international expert critical of "carbon trading" as a means of reducing greenhouse gases will speak in Rochester on Jan. 31.
Larry Lohmann is editor of the book "Carbon Trading: A Critical Conversation on Climate Change, Privatisation and Power." He is a founding member of the Durban Group for Climate Justice in Durban, South Africa.
He is touring the United States now to describe failures of carbon trading in Europe, India, Brazil, Uganda and elsewhere, and to learn more about U.S. carbon-trading plans and climate politics.
Lohmann will speak at 11 a.m. in the board room at the city-county Government Center, 201 Fourth St. S.E., Rochester; and at 7 p.m. in room 110 in Singley Hall, on the University Center-Rochester campus. The appearances are open to the public, and there is no admission charge.
Sponsoring organizations will present information at booths outside Lohmann's 7 p.m. speech. The booths open at 6:30 p.m.
Lohmann criticizes carbon trading, the primary mechanism for reducing greenhouse gases under the Kyoto Protocol, as having failed to significantly reduce those emissions, and failing to meet certain standards of social justice.
Showing posts with label carbon footprint. Show all posts
Showing posts with label carbon footprint. Show all posts
Friday, January 25, 2008
Thursday, January 17, 2008
HKEx looks to carbon trading
Hong Kong Exchanges and Clearing on Wednesday said it was looking to partner with an overseas exchange this year to create a trading platform for carbon credits or other emissions-related products.
It joins a number of its Asian rivals hoping to tap into the increasingly mature market. Mumbai-based Multi Commodity Exchange of India and the New Zealand Stock Exchange have both announced similar plans.
Most emissions-related trading take place in Europe under the European Union’s emissions trading scheme, with a smaller amount also traded through the Kyoto Protocol’s clean development mechanism.
Exchanges, however, have faced strong competition. In the EU ETS market, less than one-third of the carbon trade was conducted on exchanges, with the rest occurring either over the counter through brokers or in bilateral agreements.
Paul Chow, HKEx chief executive, yesterday also announced a plan to introduce trading in gold-related products within this year.
It joins a number of its Asian rivals hoping to tap into the increasingly mature market. Mumbai-based Multi Commodity Exchange of India and the New Zealand Stock Exchange have both announced similar plans.
Most emissions-related trading take place in Europe under the European Union’s emissions trading scheme, with a smaller amount also traded through the Kyoto Protocol’s clean development mechanism.
Exchanges, however, have faced strong competition. In the EU ETS market, less than one-third of the carbon trade was conducted on exchanges, with the rest occurring either over the counter through brokers or in bilateral agreements.
Paul Chow, HKEx chief executive, yesterday also announced a plan to introduce trading in gold-related products within this year.
Wednesday, January 2, 2008
Chicago Climate Exchange
Chicago Climate Exchange (CCX), launched in 2003, is the world’s first and North America’s only active voluntary, legally binding integrated trading system to reduce emissions of all six major greenhouse gases (GHGs), with offset projects worldwide.
CCX Members are leaders in greenhouse gas (GHG) management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions made in North America through a legally binding compliance regime, providing independent, third party verification by the Financial Industry Regulatory Authority (FINRA, formerly NASD). The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time Magazine in 2002 for founding CCX, and in 2007 as the "father of carbon trading."
CCX emitting Members make a voluntary but legally binding commitment to meet annual GHG emission reduction targets. Those who reduce below the targets have surplus allowances to sell or bank; those who emit above the targets comply by purchasing CCX Carbon Financial Instrument® (CFI™) contracts.
CFI Contracts, the CCX Tradable Commodity
The commodity traded at CCX is the CFI contract, each of which represents 100 metric tons of CO2 equivalent. CFI contracts are comprised of Exchange Allowances and Exchange Offsets. Exchange Allowances are issued to emitting Members in accordance with their emission baseline and the CCX Emission Reduction Schedule. Exchange Offsets are generated by qualifying offset projects.
Goals of CCX:
To facilitate the transaction of GHG allowance trading with price transparency, design excellence and environmental integrity
To build the skills and institutions needed to cost-effectively manage GHGs
To facilitate capacity-building in both public and private sectors to facilitate GHG mitigation
To strengthen the intellectual framework required for cost effective and valid GHG reduction
To help inform the public debate on managing the risk of global climate change
Benefits of Membership:
Be prepared: mitigate financial, operational and reputational risks
Reduce emissions using the highest compliance standards with third party verification
Prove concrete action on climate change to shareholders, rating agencies, customers and citizens
Establish a cost-effective, turnkey emissions management system
Drive policy developments based on practical, hands-on experience
Gain leadership recognition for taking early, credible and binding action to address climate change
Establish early track record in reductions and experience with growing carbon and GHG market
Technorati Tags:
Chicago Climate Exchange, carbon trading, carbon trade
CCX Members are leaders in greenhouse gas (GHG) management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions made in North America through a legally binding compliance regime, providing independent, third party verification by the Financial Industry Regulatory Authority (FINRA, formerly NASD). The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time Magazine in 2002 for founding CCX, and in 2007 as the "father of carbon trading."
CCX emitting Members make a voluntary but legally binding commitment to meet annual GHG emission reduction targets. Those who reduce below the targets have surplus allowances to sell or bank; those who emit above the targets comply by purchasing CCX Carbon Financial Instrument® (CFI™) contracts.
CFI Contracts, the CCX Tradable Commodity
The commodity traded at CCX is the CFI contract, each of which represents 100 metric tons of CO2 equivalent. CFI contracts are comprised of Exchange Allowances and Exchange Offsets. Exchange Allowances are issued to emitting Members in accordance with their emission baseline and the CCX Emission Reduction Schedule. Exchange Offsets are generated by qualifying offset projects.
Goals of CCX:
To facilitate the transaction of GHG allowance trading with price transparency, design excellence and environmental integrity
To build the skills and institutions needed to cost-effectively manage GHGs
To facilitate capacity-building in both public and private sectors to facilitate GHG mitigation
To strengthen the intellectual framework required for cost effective and valid GHG reduction
To help inform the public debate on managing the risk of global climate change
Benefits of Membership:
Be prepared: mitigate financial, operational and reputational risks
Reduce emissions using the highest compliance standards with third party verification
Prove concrete action on climate change to shareholders, rating agencies, customers and citizens
Establish a cost-effective, turnkey emissions management system
Drive policy developments based on practical, hands-on experience
Gain leadership recognition for taking early, credible and binding action to address climate change
Establish early track record in reductions and experience with growing carbon and GHG market
Technorati Tags:
Chicago Climate Exchange, carbon trading, carbon trade
Friday, December 28, 2007
Carbon Footprint
A Carbon Footprint is a measure of the impact human activities have on the environment in terms of the amount of greenhouse gases produced, measured in units of carbon dioxide.
A Carbon Footprint is made up of the sum of two parts, the direct / primary footprint and the indirect / secondary footprint.
1. The primary footprint is a measure of our direct emissions of CO2 from the burning of fossil fuels including domestic energy consumption and transportation (e.g. car and plane).
2. The secondary footprint is a measure of the indirect CO2 emissions from the whole lifecycle of products we use - those associated with their manufacture and eventual breakdown.
Technorati Tags:
carbon footprint, carbon footprint calculator, calculate carbon footprint
A Carbon Footprint is made up of the sum of two parts, the direct / primary footprint and the indirect / secondary footprint.
1. The primary footprint is a measure of our direct emissions of CO2 from the burning of fossil fuels including domestic energy consumption and transportation (e.g. car and plane).
2. The secondary footprint is a measure of the indirect CO2 emissions from the whole lifecycle of products we use - those associated with their manufacture and eventual breakdown.
Technorati Tags:
carbon footprint, carbon footprint calculator, calculate carbon footprint
Subscribe to:
Posts (Atom)