Kyoto scheme sees billionth tonne of saved CO2

Sep 07, 2012
A factory chimney in a residential area emits smoke as haze casts a blanket over Bangalore city. The Clean Development Mechanism (CDM), a Kyoto Protocol device to curb greenhouse gases through market forces, has now issued a billion tonnes of carbon credits, the UN climate forum announced.

The Clean Development Mechanism (CDM), a Kyoto Protocol device to curb greenhouse gases through market forces, has now issued a billion tonnes of carbon credits, the UN climate forum announced on Friday.

Under the CDM, rich countries that are party to the 2005 treaty can invest in emissions-cutting projects in developing countries.

They then earn carbon credits—formally known as certified emission reductions (CERs)—that they can then sell or use to offset against their own emissions targets.

The billionth CER was issued for CDM Project 0949, a scheme in Alwar, Rajasthan, where an Indian factory has switched its fuel source from coal and oil to locally-gathered biomass, the (UNFCCC) said in a press release from Bonn.

The change is designed to reduce carbon dioxide (CO2) emissions by 17,475 tonnes annually, the equivalent in terms of fossil-fuel pollution of taking 3,100 passenger cars off the road.

"This exciting milestone is a testament to the expanding use of the CDM," the UNFCCC's executive secretary, Christiana Figueres, said.

"The CDM is not only having an important impact on developing countries through technology transfer and sustainable development, but it can also encourage developed countries to increase their by making mitigation more affordable."

The value of CERs has been hit by a slump in the European carbon market, the world's biggest, and the CDM itself has been rocked by cases of abuse and accusations of preference for schemes in China.

Addressing this criticism, the UNFCCC said the rules had been tightened "to safeguard the mechanism's and extend its reach in under-represented regions."

New guidelines including help for CDM projects that encourage the use of efficient cooking stoves, and biogas digesters in poorer countries, it said.

The future of the is part of a complex triple-track negotiation process under the UNFCCC that ultimately seeks a new global pact on climate change by 2015.

Kyoto's first round of commitments expires at the end of this year. Among rich countries, only the European Union (EU) and several smaller economies have signalled a willingness to sign up for a second round of pledges.

The United States signed Kyoto as a framework agreement but refused to ratify the deal after its rulebook was completed in 2001.

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El_Nose
not rated yet Sep 07, 2012
but the United States while it not sign the deal does voluntarily abide by the protocol.
NotParker
1 / 5 (4) Sep 07, 2012
but the United States while it not sign the deal does voluntarily abide by the protocol.


The USA has significantly dropped production of CO2 thanks to shale gas and Obama making sure the economy does not recover.
VendicarD
3.7 / 5 (3) Sep 08, 2012
Perhaps ParkerTard would like to explain to us why the Republicans have blocked all of Obama's job creation programs?

Their political motivation for doing so seems pretty obvious to me.
NotParker
1 / 5 (4) Sep 09, 2012
Perhaps ParkerTard would like to explain to us why the Republicans have blocked all of Obama's job creation programs?


In the real world, when deranged cultists do not try and dehumanize their opponents, Obama's party controlled the White House, House of Representatives and had 60 seats in the Senate for 2 years.

And they did nothing about jobs. They squandered trillions on green boondoggles like Solyndra.

"AGW cult psyhologist Bain observed that a primary function of dehumanizing language is to reinforce the self-esteem of the "in group" ... because the in group is lacking in intelligence.

http://climateaud...sky-scam
VendicarD
3.7 / 5 (3) Sep 10, 2012
And during those two years, they provided Americans with universal health care, and prevented the U.S. economy from entering into a decades long economic depression caused by the massive fiscal mismanagement of the U.S. economy by Republicans.

"Obama's party controlled the White House, House of Representatives and had 60 seats in the Senate for 2 years." - ParkerTard

A good summary for ParkerTard

https://docs.goog...0dDMwSFE
VendicarD
3.7 / 5 (3) Sep 10, 2012
Isn't GM still in business?

"And they did nothing about jobs." - ParkerTard

Weren't Republicans demanding that GM be shut down, broken up and sold off?

Why, yes they were.

VendicarD
3 / 5 (2) Sep 10, 2012
Solyndra is interesting because it shows how the Republicans are helping the Chinese destroy American Industry, and in this case, keep America from competing in the Semi-Conductor industry.

A semi-conductor industry that was invented in the U.S. and under Republican rule outsourced and taken over by the Pacific Rim nations.

"They squandered trillions on green boondoggles like Solyndra." - ParkerTard

I remember being told by multiple Conservative Libertarians during the late 80's that destroying the U.S. semiconductor industry was a good thing because it would undermine the power of the evil liberal state of California.

Those Republicans involved were engaged in acts of Treason of course.
NotParker
1 / 5 (1) Sep 11, 2012
And during those two years, they provided Americans with universal health care, and prevented the U.S. economy from entering into a decades long economic depression


They did neither. In fact, they guaranteed medicare and the economy will die.

VendicarD
5 / 5 (1) Sep 11, 2012
Destroying the American Economy has long been the Republican "Starve the Beast" of government" plan.

They adopted that plan from Libertarian talking papers originating at the CATO Institute.

Guaranteed medicare = Universal health care.

Poor ParkerTard. He can't even remember his own history from 5 months ago.

Sad what his mental disease has done.