What is Voluntary Carbon Market? How does it work in India? | DTE Call For Action
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- Опубліковано 23 лис 2023
- Buying and selling carbon, otherwise known as the Carbon Market, is seen as an important way to combat climate change. Extreme weather events are costing all economies. Thus, the idea of gaining credits for reducing greenhouse gases and then trading those credits for the right price can not only help developing nations financially but also transition to a clean economy. It is a win-win scenario.
However, many of these stories highlight the loopholes in the carbon markets. This makes matters worse as it creates a positive facade to an ever-growing problem.
Because of this carbon market, you will be able to pick up a luxury bag that is labelled “carbon-neutral”; or take a flight that has “offset” your emissions; or even read about an oil or food company that has declared a “net-carbon footprint”. You may wonder how? These items and companies become carbon-neutral by “buying” credits which are issued against certain planet-healing activities. Think of these activities as credit cards that either reduce greenhouse gas emissions (like building a solar plant or using an efficient cookstove) or remove greenhouse gases from the atmosphere (for instance, by planting trees). The management of this “market” of buyers and sellers is done through paraphernalia of registries, project developers, validators, verifiers and carbon exchanges.
There is no ‘official’ carbon market in the world, as the global community is still discussing the rules that will govern such a trade. But in the past decade or so, a voluntary carbon market (VCM) has grown with projects across the world. India which generates one-fifth of the world’s carbon credits is at the forefront of carbon investment.
The current carbon markets could end up increasing emissions in the world. The buyer of the credit-say an airline company that has assured its customers to offset its carbon footprint or a food company that has declared itself net-zero-have continued to emit; they have even increased their emissions, saying that they have bought credits. But as these credits have been over-estimated or do not really exist, the reductions are notional. This is a double jeopardy.
This is also the agenda for the upcoming COP28. For more insight into the world of Carbon markets and how to regulate them, read our latest issue ‘Discredited’ and for more explainers such as these follow the series ‘DTE Call For Action’.
Down to Earth is Science and Environment fortnightly published by the Society for Environmental Communication, New Delhi. We publish news and analysis on issues that deal with sustainable development, which we scan through the eyes of science and environment. - Наука та технологія
As long as we keep inventing "ECONOMIST" solutions for ENVIRONMENTAL problems, we will never solve the problem. Keep the economists out of the room while discussing these solutions.
Thank you for simplifying this topic. Keep doing the good work.
you might be shocked to hear that protecting the environment also costs money.
I'd really appreciate if the topics like Carbon credits/ markets are further simplified. Even after trying to actively follow the subject i've failed to properly comprehend what the market does and how it effects us
Great presentation...the moral of the story...when the goodness is on sell in market the rich loots the poor then too...
the idea is to finance the project through Carbon credits. if we take cookstoves for example, there are many people who do not have LPG stoves in their area. they are provided with high efficiency wood cookstoves which also decreases the inhouse pollution. its a positive benefit for the user which was only possible because carbon credits mechanism exists.
@@koustuvdey4803 they way you are defending in every comment seems your mc randva baap hasbrought carbon market
A lucid revelation about right and wrong of carbon credit, particularly for common people.we welcome more such postings which give the picture in an easily understandable way.
We, a cooperative housing society have commissioned rooftop solar power project of 200KWp capacity to reduce our electricity expenses. We are also accumulating carbon credits but don’t know how and where to trade the same. This would give us some additional income which we can further use for expanding our solar capacity. Any leads on how/where to trade our credits will be appreciated.
Good that you are exploring the unexplored and trying to make these a transparent matter. Indian Government should also make clear policy on carbon credits and trades.
I have been making a class 12th economics project on carbon economy and this video has really helped me out. Amazing
Great efforts by CSE team !! Thanks a lot for each & every team members guys !! Your investigation purely make the public to know the reality !! 👌👌💐‼️🔥🙏☺️
great content, would really help if you could add chapters to the videos via description
Well researched, nicely comprehended 🙃🙃
Classic example of incompetent management processes and practices to the extent that it has started to look like it’s deliberately so. Such management is not just in the carbon market but every other sector.
Nicely done team ..tq❤
Do you have a link to Discredited?
Great Insights!
Really well researched article 👍
Good work keep it up
Government had brought Carbon Credit Scheme in public 2023 in June.
Brave ❤
I think we should be waiting for the Indian Govt. Framework for Carbon Credit Trading, rather than jumping the gun..
One question that I have here is suppose I plant 1000 mango plants against emissions from my industry, who are responsible to give me the carbon credit?
Please make more simple to understand 🙏 for common people
a much more simplified language would be helpful
please correct the word insurgency with naxal terrorism
The voice of the host is not soft or pleasing. Education material is not fun to understand.
Madam, hindi mein explain kardo.