Description
about the Carbon Trading in detail. It covers the various protocols and conferences like Kyoto.
CARBON TRADING
European union (Eu27) & India
Prepared under the guidance and mentorship of “Anna FORTOUL OBERMÖLLER, Professor of EM Normandie France”.
Flow of Presentation
Introduction Background
What is Carbon Trading
Financial/Accounting Aspects
Mechanism
Current Situation – India & Europe Conclusion
Introduction
? Objectives
? Take care of the environment or the environment will take care of you!!! ? The need of the hour. ? Most complex commodity market
Background
Climate change. Global Warming Root of the problem Greenhouse Gases ?
Commercially viable plan
Carbon Trading.
What is carbon trading?
Carbon Trading Simplified
KYOTO PROTOCOL
? 1992 famous Rio earth summit -UNFCCC ? The UNFCCC came into effect on 21st March, 1994.
? Industrialized countries (Annex- I) shall have the main responsibility to mitigate climate change.
Contd.
? Kyoto protocol on 11 December 1997. ? "Annex I countries“ commit themselves to a reduction of four greenhouse gases (GHG) ? Outcome of KP is Carbon Trading. ? Global warming potential? ? What is CER?
Financial Aspect
? Generation and then sale of CERs
? Increased turnover ? Tax-shield (Depreciation) ? Reduces the total energy bill ? Government incentives ? Future Savings ? Extra profits through sale of CER.
? Trading of CERs
Accounting Aspect
?European Standards
Mechanism
International Emissions Trading
Clean Development Mechanism
Joint Implementation
Europe’s contribution
India’s contribution
Conclusion
?Journey has just started. ?Can reduce and limit much of the damage to the environment. ?Revolution in the way businesses are done. ?Benefit to India and other developing Countries. ?Lack of an International accounting standard. ?Lack of awareness
THANK YOU
Presented by :
SUDEEP ANAND SINGH
doc_257934333.pptx
about the Carbon Trading in detail. It covers the various protocols and conferences like Kyoto.
CARBON TRADING
European union (Eu27) & India
Prepared under the guidance and mentorship of “Anna FORTOUL OBERMÖLLER, Professor of EM Normandie France”.
Flow of Presentation
Introduction Background
What is Carbon Trading
Financial/Accounting Aspects
Mechanism
Current Situation – India & Europe Conclusion
Introduction
? Objectives
? Take care of the environment or the environment will take care of you!!! ? The need of the hour. ? Most complex commodity market
Background
Climate change. Global Warming Root of the problem Greenhouse Gases ?
Commercially viable plan
Carbon Trading.
What is carbon trading?
Carbon Trading Simplified
KYOTO PROTOCOL
? 1992 famous Rio earth summit -UNFCCC ? The UNFCCC came into effect on 21st March, 1994.
? Industrialized countries (Annex- I) shall have the main responsibility to mitigate climate change.
Contd.
? Kyoto protocol on 11 December 1997. ? "Annex I countries“ commit themselves to a reduction of four greenhouse gases (GHG) ? Outcome of KP is Carbon Trading. ? Global warming potential? ? What is CER?
Financial Aspect
? Generation and then sale of CERs
? Increased turnover ? Tax-shield (Depreciation) ? Reduces the total energy bill ? Government incentives ? Future Savings ? Extra profits through sale of CER.
? Trading of CERs
Accounting Aspect
?European Standards
Mechanism
International Emissions Trading
Clean Development Mechanism
Joint Implementation
Europe’s contribution
India’s contribution
Conclusion
?Journey has just started. ?Can reduce and limit much of the damage to the environment. ?Revolution in the way businesses are done. ?Benefit to India and other developing Countries. ?Lack of an International accounting standard. ?Lack of awareness
THANK YOU
Presented by :
SUDEEP ANAND SINGH
doc_257934333.pptx