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The Clean Development Mechanism (CDM) is one of the flexible arrangements under the Kyoto protocol to the UN framework Convention on Climate Change (UNFCCC) supporting the implementation of sustainable and environmentally friendly technologies in developing countries and thereby, facilitating industrialized countries in meeting their emission reduction obligations in a cost-effective manner. The vigorous project development activity in the country, the pro-active stand adopted by the Government has propelled India to become the leading global destination for CDM investments.
As on 14th December 2005, 203 projects facilitating and investment of Rs.14,891 crores had been accorded Host Country Approval by the National CDM Authority. These projects in energy efficiency, fuel switching, industrial processes, municipal solid waste and renewable energy sectors are expected to generate about 195 million CERs.
At a conservative price of US $ 10 per CER, it corresponds to an inflow of approximately US $ 1.95 billion in the country by 2012. As uncertainty about continuance of CDM beyond 2012 has been considerably reduced, it is expected that pace of CDM activities would be further accelerated.
Carbon sequestration is a naturally occurring taking up of atmospheric carbon dioxide by forests, oceans and grasslands during photosynthesis. Most terrestrial carbon storage is in tree trunks, branches, foliage, and roots which is often called biomass. Carbon is also deposited directly into soils.
Sustainable forestry practices are known to increase properly managed forests' ability to store or sequester atmospheric carbon while improving soil and water quality and the entire ecosystem. "Planting new trees and improving forest health through thinning and prescribed burning are some of the ways to increase forest carbon in the long run. Harvesting and regenerating forests can also result in net carbon sequestration stored in wood products and new forest growth."
Many natural and artificial processes can act as atmospheric sponges that absorb carbon dioxide. Oceans, forests, most plants and algae collect carbon through the photosynthetic process. This capturing of atmospheric carbon by a healthy ecosystem is called a "carbon sink". A carbon sink can be created naturally or using man-made reservoirs that gather and store carbon dioxide for an indefinite period. The collection of carbon sequestration in forests and locked up in wood products helps to offset sources of carbon dioxide to the atmosphere. Deforestation, forest fires, and fossil fuel emissions are common examples of sources of carbon dioxide and which is suspected as harmful to the environment.
A forest carbon offset is a financial tool, used by CO2 polluters, to offset their emissions of greenhouse gases. One carbon offset (or credit) represents one less metric ton of greenhouse gas that otherwise would have been released into the atmosphere. Commercial operations which are increasing atmospheric carbon dioxide can offset their pollution by buying carbon credits from reputable auditor/broker registries.
By purchasing carbon offsets, companies invest in projects that reduce carbon dioxide emissions in one location to compensate for their own emissions in another.
A measure of how much area of biologically productive land and water an individual, population or activity requires to produce all the resources it consumes and to absorb the waste it generates, using prevailing technology and resource management practices. The Ecological Footprint is usually measured in global hectares. Because trade is global, an individual or country's Footprint includes land or sea from all over the world. Ecological Footprint is often referred to in short form as Footprint. "Ecological Footprint" and "Footprint" are proper nouns and thus should always be capitalized.
1) The impacts of climate change are already being felt. As witnessed earlier this year, climate change impacts have devastated India and caused countless deaths through extreme heat and flooding. The report attributes the extremity of those disasters to human-fueled climate change. The report specifically focuses on monsoon changes, highlighting the importance of these dangers for India.
2) The impacts are already getting worse:The report also addresses the increase in frequency and severity of climate change impacts. As humans pump more global warming pollution into the atmosphere, temperatures are increasing, sea levels are rising, ice sheets are melting, and climate disasters are becoming more extreme. Ahmedabad’s Heat Action Plan, the first of its kind in Southeast Asia, is one way India is preparing for these climate disasters. NRDC continues to work on the ground with health organizations to develop climate-health preparedness strategies.
3) New evidence that humans are causing climate change :Scientists are more certain than ever that carbon emissions and global warming pollution are driving climate change, primarily from human activities. With over 400 LEED-certified buildings and many states adopting the Energy Conservation Building Code (ECBC), India continues to make strides in reducing its carbon emissions. India can also create a low-carbon development path by shifting to clean energy. Progress made to achieve India’s National Solar Mission is one example of the way forward, though much more needs to be done to continue India’s rapid growth sustainably.
4) Catastrophic climate change is still avoidable, but bold action is required : The IPCC report points out that there is still a pathway available to limit the projected climate impacts and temperature increases. Avoiding catastrophic climate change and keeping the total temperature rise to 2°C is within our reach, but would require immediate and bold action. India and other G20 countries recently agreed to discuss a phase-down of HFCs, one important step in this direction. The 19th Conference of the Parties, to be held in Poland later this year, presents another platform for India to engage with the international community on these crucial issues.
This last message offers hope despite the dire circumstances – it is not too late to mitigate the impacts of climate change. This fact should inspire our leaders in India and the U.S. during today’s meeting, and future climate negotiations, to agree to bold action now. Humans are the primary cause of climate change, but humans can also steer our planet away from the path towards global disaster. International collaboration and cooperation are key to shifting the trajectory towards a sustainable path. As India continues to progress in its environmental efforts, both India and the U.S. can rise as global leaders to combat climate change.
By: Pritam Sharma ProfileResourcesReport error
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