wind energy conference chicago 2009

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 Clean Development Mechanism (CDM)

 CDM is a huge business opportunity for CA profession in 2009 and in future. 

In India there is huge initiative by govt. of India to avail carbon credits.

CA professional can gain good business and consulting opportunity by following ways:

1. Working in areas of deciding and implementing policy initiative in reducing GHG emissions and thus combating climate change impacts include:

• Electricity Act. 2003, which promotes cogeneration and generation of electricity from renewable sources of energy. Promotes captive power.
• Energy Conservation Act 2001.
• Energy Conservation Building codes.
• Renewable Energy Act, which is under. Preparation.
• Ratification of Kyoto Protocol.
• Involvement in Asia-Pacific Partnership on Clean Development.
• CDM Procedures implementation consultancy.

Clean Development Mechanism (CDM) allows industrialized/developed countries to invest in emission reduction projects in developing countries that assist the developing countries in achieving sustainable development, and that generate Certified Emission Reductions (CER) for use by the investing countries or companies against their own emissions limitation targets. 

As per the Kyoto Protocol, some of the sectors, investments in which may qualify for CDM credits, are:

1.  
   1. Energy {including renewable energy projects (Wind, Biomass, Hyde), energy efficiency  improvement projects}
   2. Industrial Processes.
   3. Solvent and other product use.
   4. Agriculture (enteric fermentation, manure management, rice cultivation)
   5. Waste (solid waste disposal on land, wastewater handing, waste incineration, other)
   6. Land use, land -use change and forestry (a forestation, reforestation

The following chart depicts the entire process of CDM cycle till the issuance and transaction of CERs.

I    Project Implementation

  

a.   Project identification.

b.   Project Construction

c.   Project Operation

II   Kyoto Approvals

1. CDM Documentation (PIN and PDD) and Methodology development
2. Validation by DOE/and Endorsement by DNA
3. Registration with UNFCCC
4. Generation of carbon credits
5. Verification/certification by DOE
6. UNFCCC/EB Issues CERs.

III   CER Transaction

1. CDM Project Promoter.
2. ERPA
3. Buyer of CER

1.  
   • PIN : Project Identification Note
   • PDD : Project Design Document.
   • ERPA:  Emission Reduction Purchase Agreement.
   • DOE: Designated Operational Entity.
   • DNA: Designated National Authority.

3.      CA can help to adopt the green business by creating sustainable business practice:  By measuring bottom line returns by reducing wastage and lowering the cost of energy consumption. The secret behind any successful company depends on both creating shareholder value and operating responsibly.  Today, the competitive advantage of any business organization is directly linked to its efficiency in terms of consumption of limited resources, less pollution and higher quality products.  Going forward, the purpose of any business should be to adopt sustainable practices more than generating short-term shareholder value. These practices include building trust among the public and maintaining a healthy environment in which to do business.

A C.A. can advised business in following green areas which will lead to:

1. Cost savings:  Implementing the program’s waste reduction and energy conservation measures can save money.
2. Market exposure:  The Green Business Partnership will be promoted through a marketing plan that includes advertisements and news releases in the local media.
3. Increased sales:  Businesses with green ethics can use this distinction to achieve a marketing edge over the competition b offering customers more environmentally-sound alternatives.
4. Green business partnership directory:  Certified business will be listed in an  online directory that will give consumers the opportunity to patronizes business, demonstrating there commitment to the environment
5. Healthy work environment:  Implementing many of the program standards will create a safer, healthier working environment.
6. Increased productivity: Caring about employee well-being can improve morale and increase productivity.

4.  Carbon credit trading is the new buzz word which allows trading in CER units generated over deferent stock exchanges in world like:

1.  
   1. Chicago Climate Exchange USA.
   2. Sydney Climate Exchange Australia.
   3. MCDEX India
   4. Singapore Climate Exchange Singapore

  

For more articles on clean development mechanism(CDM) visit -  http://www.onlinecarbonfinance.com/

onlinecarbonfinance.com is powered by Ecodrive2. Ecodrive2 is a trust dedicated to environmental awareness with prime focus on carbon credit. Ecodrive2 is a team of professionals, researcher, Industrialist and citizens working to reduce global footprint.

An international conference in 11 December 2009 will be held in Delhi, India to discuss issues on cleaner technology , wind power, solar power, carbon credit markets, buyers & sellers & Kyoto protocol. The International conference will focus on carbon mitigation & carbon neutrality. Carbon credit platform will help to reduce global warming by measuring carbon footprint through CDM tools. International conference will attract global carbon experts.

International Carbon Credit Conference 2009

Venue: New Delhi

Date: 11 & 12 December 2009

Time: 9:00 a.m. to 5:00 p.m.

The program will include interactive and extensive session on various issues pertaining to the carbon trade. It will give a networking opportunity with leading carbon project developers and carbon validators of the Indian carbon markets with expert global companies or consultants. The International Carbon Credit conference 2009 will also provide the expertise and knowledge to successfully enter the carbon market. The International conference will bring cabon credits buying house in direct interaction with Indian carbon market.

Each session of International Carbon Credit conference 2009 will be led by an expert, followed by Question & Answer session that will lead to comprehensive interaction.

 

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