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Paradigm shift - measuring climate change actions |
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To control the climate change, various proposals are available in front of us, but the actions are stumbling at each step because of political agenda and difference of opinions among developed, under developed and developing countries. The origin of the debate is: few countries (US, China, India etc) are responsible for most global emissions as on date, but other developed countries are highly responsible for the accumulated green house gases since the time of industrial revolution. So the issue is who will spend how much to curb the emissions. The most talked about concept to measure the efforts on actions related to Climate change is the concept of Carbon credit. By definition it is a certificate showing that a government or company has paid to have a certain amount of carbon dioxide removed from the environment. Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One carbon credit is equal to one tonne of carbon dioxide, or in some markets, carbon dioxide equivalent gases. With lots of conditions, trade restrictions, variable allowances associated with the ?carbon credit? concept, it is a matter of big debate itself and many countries are not comfortable to come to a consensus. Recently India is trying to float concept like ?green credit? instead of ?carbon credit?, which will shift the focus on ?what has been done for clean energy generation, energy conservation etc? rather than imposing barriers to the developing countries growth process. India is also trying to build up a consortium of ?Sun shinning? countries to develop and construct solar power generation systems to overcome the issues related to patented Technology transfer from developed countries. This concept will be surely discussed during forth coming Geneva round of Climate conference in Feb and we will all wait to see the outcome. |
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6 Comments
Well reported Unmesh. We await the positive outcome from forth coming Geneva round of Climate conference in Feb15.
Posted 30-01-2015 04:34
Thanks for an informative report , Unmesh. It's really good to note that country of the size of India is thinking on lines of "Green Credit" and also to form a consortium of sun-rich countries. This raises our hopes that countries are seriously thinking and acting on the issue of climate change.
Posted 24-01-2015 21:29
Thank you for sharing. We all know that we can't go on emitting GHGs in this way as it will turn out to be irreversible automatic climate warming and the end of current pleasant life. But what country will take the leading role compromising its economic growth? So it's the most important key to draw this matter into market-logic/exchanging values. In this regard, the carbon credits can be a good option :)
Posted 23-01-2015 13:42
Green credit for sun shining countries. Very nice article Unmesh :)
Let's see what Geneva Climate Conference. Expecting some positive results which will strengthen the commitment towards greener tomorrow and green economy.
Posted 22-01-2015 20:48
I am happy to hear -India is also trying to build up a consortium of Sun shinning countries to develop and construct solar power generation systems to overcome the issues related to patented Technology transfer from developed countries. Climate change needs global action and glad that India is concerned in green credit. Hopefully the upcoming climate conference in February results in positive constructive outcome. Thank you for sharing dear Unmesh
Posted 22-01-2015 11:22
Thanks Ambassador for sharing this concerned report. We can hope for a positive outcome in the upcoming conference. :)
Posted 21-01-2015 21:07