The energy landscape is rapidly evolving with ESCerts (Energy Saving Certificates) becoming an integral part of energy-saving initiatives. ESCerts play a pivotal role in incentivizing energy efficiency and carbon emission reductions. 1. ESCerts Issuance and Relevance The Mechanism of IssuanceThe Central Government undertakes the issuance of ESCerts. When a Designated Read more…
India’s efforts in combating climate change have taken a revolutionary turn with the introduction of the Voluntary Carbon Market (VCM). Aiming to fulfill the Nationally Determined Contribution (NDC) under the Paris Agreement, the foundation for this ambitious project is built upon the pre-established PAT program. This article delves into the Read more…
In today’s evolving global landscape, addressing environmental concerns is of paramount importance. One of the prominent efforts in this direction is the European Union – Emissions Trading System (EU-ETS). Introduced in 2005, the EU-ETS serves as a beacon for how nations can collectively work towards combating climate change. Understanding the Read more…
The European Union – Emissions Trading System (EU-ETS), since its inception, has been a benchmark in showcasing how nations can tackle the ever-pertinent issue of climate change collectively. Let’s delve into the intricate aspects of this system by examining the price ranges of allowances over its various phases and elucidate Read more…
Introduction to Voluntary Carbon Markets The voluntary carbon market stands apart from governmental regulatory frameworks, characterized by businesses and individuals proactively purchasing carbon offsets to diminish their greenhouse gas (GHG) emissions. Motivations behind such voluntary actions range from a genuine desire for ecological learning, enhancing public image, or in anticipation Read more…
Factors Influencing the Price of Voluntary Carbon Credits The voluntary carbon credit market operates outside the regulatory bounds of government-mandated systems, allowing corporations and individuals to offset their carbon emissions willingly. Within this ecosystem, the prices of carbon credits fluctuate substantially, subject to multiple factors: Deciphering the Pricing Range Voluntary Read more…
Introduction to Voluntary Carbon Markets (VCM) In the global quest to combat climate change and reduce carbon emissions, Voluntary Carbon Markets (VCM) have emerged as a pivotal player. Unlike their compliance market counterparts, VCMs are not governed by regulatory mandates but are driven by individuals and organizations with a shared Read more…
Understanding the Present Climate Scenario Since the dawn of the industrial era, our planet has witnessed an unprecedented rise in global temperatures. As stated in the IPCC Special Report on Global Warming of 1.5°C (SR1.5), our human endeavors have resulted in an alarming 1.0°C surge above the pre-industrial benchmarks. This Read more…
A Pivotal Juncture in Energy Evolution At the crux of our ongoing energy transformation lies the crucial task of reducing energy-related CO2 emissions. It is the center piece of our mission to transition towards a sustainable energy future. Governments worldwide have amplified their efforts, as seen in the significant reduction Read more…
The Paris Agreement and NDCs: Setting the Stage Nationally Determined Contributions (NDCs) anchor the Paris Agreement, delineating each nation’s commitment to the collective ambition of climate action. Their mission is to hold the increase in global average temperatures to levels “well below 2°C” above pre-industrial figures, aiming for the 1.5°C Read more…