Business Day Live 3 December 2012.
DOHA — South African businesses are soon likely to have access to a wider range of market mechanisms that can be used to trade “certifiable emission reductions” (CERs) with developed countries that want to offset their emission of greenhouse gases linked to climate change by funding clean development in non-industrialised regions.
Developing and approving new market mechanisms is part of the task that delegates from almost 200 nations have set themselves at the United Nations climate-change talks in Doha, Qatar, which end this weekend.
Africa and South Africa have up to now largely missed out on the developing world’s most commonly used market mechanism, the Clean Development Mechanism (CDM), and access to the most established market for CDM credits closes to South African companies on December 31…
The Guardian 10 September 2012.
The world’s only global system of carbon trading, designed to give poor countries access to new green technologies, has “essentially collapsed”, jeopardising future flows of finance to the developing world.
Billions of dollars have been raised in the past seven years through theUnited Nations‘ system to set up greenhouse gas-cutting projects, such as windfarms and solar panels, in poor nations. But the failure of governments to provide firm guarantees to continue with the system beyond this year has raised serious concerns over whether it can survive…
More than 130 of the world’s poorest nations have sought to pressure richer countries to agree new legally-binding goals to cut greenhouse gas emissions by threatening to deny them access to cheap UN carbon credits, potentially making it more expensive for them to meet domestic emission goals.
The offsets, of which 995-million have been issued, have made it cheaper for governments and companies in industrialised nations to meet emissions targets through paying for low-cost emission reductions in the developing world instead of making more expensive cuts at home…
Engineering News 27 July 2012.
Banking firm Standard Bank reported on Friday that the company has registered a programme of activities (PoA) with the Clean Development Mechanism (CDM) executive board of the United Nations Framework Convention on Climate Change (UNFCCC) that would facilitate the supply, installation and financing of solar water heaters (SWH) in South Africa.
The PoA is aimed at providing hot water services for low-income households…
Engineering News 7 June 2012.
Carbon advisory firm Promethium Carbon has announced an initiative to consolidate carbon projects to eliminate the need to resubmit similar projects to the United Nations (UN) for validation.
The mechanism, known as a Programme of Activities (PoA), is based on writing the documentation and submitting it to the UN for verification once. When approved, similar projects can be included in the PoA programme and replicated under a single project umbrella.
The carbon credits are then pooled and sold collectively…
Times Live, Crispian Olver 5 June 2012.
Johannesburg hosted the last of the African consultations on the future of the Clean Development Mechanism (CDM), the UN’s global carbon trading system.
Carbon markets have been in crisis this year, with the price of carbon offsets issued under the CDM reaching all-time lows.
CDM has also received bad press over the last year, primarily because the mechanism has funded large industrial gas projects in India and China with questionable emissions, reductions and limited benefits for sustainable development. As a consequence, the CDM executive board appointed a high level panel to investigate the impact of the CDM, and make recommendations about its future. The panel is chaired by Valli Moosa, South Africa’s former environment minister, who has roped me in to provide technical support to the work of the panel…
Engineering News 26 March 2012.
Chemicals producer Omnia has been issued more than a million emission credits for the clean development mechanism (CDM) project at its nitric acid production facility, in Sasolburg.
The JSE-listed company reduced its greenhouse-gas emissions from the plant by 98%, after the incorporation of the EnviNOx technology in 2008…