Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.&lt;br /&gt;
&lt;br /&gt;
Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;
&lt;br /&gt;
The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;
&lt;br /&gt;
He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.&lt;br /&gt;
&lt;br /&gt;
Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.&lt;br /&gt;
&lt;br /&gt;
Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;
&lt;br /&gt;
He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;
&lt;br /&gt;
FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;
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	&#039;disp&#039; =&gt; &#039;&lt;br /&gt;&lt;div align=&quot;justify&quot;&gt;Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.&lt;br /&gt;&lt;br /&gt;Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;&lt;br /&gt;Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;&lt;br /&gt;The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. 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&lt;br /&gt;
Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;
&lt;br /&gt;
The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;
&lt;br /&gt;
He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.&lt;br /&gt;
&lt;br /&gt;
Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.&lt;br /&gt;
&lt;br /&gt;
Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;
&lt;br /&gt;
He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;
&lt;br /&gt;
FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity,...&#039;
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Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;&lt;br /&gt;He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;&lt;br /&gt;Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;&lt;br /&gt;He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . 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The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;&lt;br /&gt;He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;&lt;br /&gt;FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;&lt;/div&gt;&#039;
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                <strong>Carbon markets essential to save fossil fuels: FICCI by Debasish Roy</strong></h1>
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                <br /><div align="justify">Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.<br /><br />Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&quot;<br /><br />Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&quot; , he stated.<br /><br />The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&quot; he said.<br /><br />He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.<br /><br />Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. <br /><br />He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.<br /><br />Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.<br /><br />Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.<br /><br />He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.<br /><br />FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. <br /></div>               </font>
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.&lt;br /&gt;
&lt;br /&gt;
Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;
&lt;br /&gt;
The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;
&lt;br /&gt;
He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.&lt;br /&gt;
&lt;br /&gt;
Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.&lt;br /&gt;
&lt;br /&gt;
Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;
&lt;br /&gt;
He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;
&lt;br /&gt;
FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity,...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;br /&gt;&lt;div align=&quot;justify&quot;&gt;Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.&lt;br /&gt;&lt;br /&gt;Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;&lt;br /&gt;Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;&lt;br /&gt;The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;&lt;br /&gt;He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;&lt;br /&gt;Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;&lt;br /&gt;He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . 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The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;&lt;br /&gt;He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;&lt;br /&gt;FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;&lt;/div&gt;&#039;,
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.&lt;br /&gt;
&lt;br /&gt;
Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;
&lt;br /&gt;
The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;
&lt;br /&gt;
He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.&lt;br /&gt;
&lt;br /&gt;
Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.&lt;br /&gt;
&lt;br /&gt;
Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;
&lt;br /&gt;
He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;
&lt;br /&gt;
FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity,...&#039;
$disp = &#039;&lt;br /&gt;&lt;div align=&quot;justify&quot;&gt;Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.&lt;br /&gt;&lt;br /&gt;Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;&lt;br /&gt;Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;&lt;br /&gt;The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;&lt;br /&gt;He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;&lt;br /&gt;Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;&lt;br /&gt;He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . 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The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;&lt;br /&gt;He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;&lt;br /&gt;FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;&lt;/div&gt;&#039;
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity,..."/>
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                <strong>Carbon markets essential to save fossil fuels: FICCI by Debasish Roy</strong></h1>
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                <br /><div align="justify">Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.<br /><br />Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&quot;<br /><br />Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&quot; , he stated.<br /><br />The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&quot; he said.<br /><br />He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.<br /><br />Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. <br /><br />He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.<br /><br />Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.<br /><br />Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.<br /><br />He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.<br /><br />FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. <br /></div>               </font>
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.&lt;br /&gt;
&lt;br /&gt;
Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;
&lt;br /&gt;
The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;
&lt;br /&gt;
He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.&lt;br /&gt;
&lt;br /&gt;
Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.&lt;br /&gt;
&lt;br /&gt;
Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;
&lt;br /&gt;
He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;
&lt;br /&gt;
FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 11 September, 2011, http://economictimes.indiatimes.com/features/financial-times/carbon-markets-essential-to-save-fossil-fuels-ficci/articleshow/9940967.cms&#039;,
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity,...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;br /&gt;&lt;div align=&quot;justify&quot;&gt;Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.&lt;br /&gt;&lt;br /&gt;Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;&lt;br /&gt;Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;&lt;br /&gt;The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;&lt;br /&gt;He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;&lt;br /&gt;Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;&lt;br /&gt;He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.&lt;br /&gt;&lt;br /&gt;Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.&lt;br /&gt;&lt;br /&gt;Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;&lt;br /&gt;He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;&lt;br /&gt;FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;&lt;/div&gt;&#039;,
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.&lt;br /&gt;
&lt;br /&gt;
Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &amp;quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &amp;quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&amp;quot; , he stated.&lt;br /&gt;
&lt;br /&gt;
The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &amp;quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.&lt;br /&gt;
&lt;br /&gt;
Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &amp;quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. &lt;br /&gt;
&lt;br /&gt;
He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.&lt;br /&gt;
&lt;br /&gt;
Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.&lt;br /&gt;
&lt;br /&gt;
Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.&lt;br /&gt;
&lt;br /&gt;
He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.&lt;br /&gt;
&lt;br /&gt;
FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 11 September, 2011, http://economictimes.indiatimes.com/features/financial-times/carbon-markets-essential-to-save-fossil-fuels-ficci/articleshow/9940967.cms&#039;,
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity,...&#039;
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity,..."/>
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                <strong>Carbon markets essential to save fossil fuels: FICCI by Debasish Roy</strong></h1>
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                <br /><div align="justify">Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.<br /><br />Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&quot;<br /><br />Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&quot; , he stated.<br /><br />The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&quot; he said.<br /><br />He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.<br /><br />Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. <br /><br />He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.<br /><br />Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.<br /><br />Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.<br /><br />He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.<br /><br />FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. <br /></div>               </font>
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		'title' => 'Carbon markets essential to save fossil fuels: FICCI by Debasish Roy',
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.<br />
<br />
Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&quot;<br />
<br />
Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&quot; , he stated.<br />
<br />
The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&quot; he said.<br />
<br />
He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.<br />
<br />
Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. <br />
<br />
He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.<br />
<br />
Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.<br />
<br />
Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.<br />
<br />
He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.<br />
<br />
FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. <br />
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity,...',
	'disp' => '<br /><div align="justify">Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.<br /><br />Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&quot;<br /><br />Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&quot; , he stated.<br /><br />The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&quot; he said.<br /><br />He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.<br /><br />Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. <br /><br />He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.<br /><br />Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.<br /><br />Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.<br /><br />He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.<br /><br />FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. <br /></div>',
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Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment &amp;amp; Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period.<br />
<br />
Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. &quot;Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market.&quot;<br />
<br />
Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. &quot;Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution&quot; , he stated.<br />
<br />
The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. &quot;Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable,&quot; he said.<br />
<br />
He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors.<br />
<br />
Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . &quot;Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. <br />
<br />
He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits.<br />
<br />
Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions.<br />
<br />
Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said.<br />
<br />
He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation.<br />
<br />
FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms. <br />
</div>',
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Carbon markets essential to save fossil fuels: FICCI by Debasish Roy

Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment & Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period. Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International Emissions Trading Association (IETA), Dr. Chatterjee called upon Indian entrepreneurs to push for a greater dose of technology transfer against their additional investments in the compliance regime. "Less explored technologies such as tidal and wave energy, ultra super critical systems, renewable fuel-based distributed energy production and supply, forest conservation credit, refinery upgradation for production and supply of clean diesel and renewable fuels for transportation and similar non0-mainstream efforts would go a long way in diversifying the carbon market." Dr. Chatterjee observed that there was an opportunity in the extension of Clean Development Mechanism (CDM) or even bilateral emission credit schemes in the second commitment period under the Kyoto Protocol in 2012, in whatever form such a mitigation cap is agreed upon. "Binding ourselves to an exchange programme against voluntary or domestic legal mandates in the future in the developed countries could possibly be a winwin solution" , he stated. The Environment Secretary advised that in the negotiations on market based mechanisms, it was important to insist upon reform of the present long drawn verification process before approvals are granted for CDM projects. "Delays often render new projects unviable due to fluctuations in carbon price. Rigorous monitoring and verification also contribute to transaction costs, which can make smaller projects financially unviable," he said. He said that the availability of a limited number of approved methodologies for calculating additionality and thereby the number of CER potential in units, prove to be a hindrance and added that there is a need to expand the variety of creditable schemes beyond industry and into forestry, agriculture, small, tiny and cottage industry, rural energy and biomass sectors and develop creative credit generation methodologies for these non-traditional sectors. Dr. Chatterjee emphasized that long term carbon price signal were fundamental to the deployment of the currently unviable technologies, as well as for the development of new technologies . "Well developed policies and regulations that can predict the reducing supply of carbon units and hence the carbon price band, concessional finance and Official Development Assistance (ODA) are all necessary in the overall climate finance package. He said CDM was the only way of raising private resources in the cause of the environment as also of business and creative entrepreneurship . Market mechanisms operating in a non-market regulatory area of carbon emissions control would require some pump priming assistance in the form of gap funding or reimbursable, fungible funds that can be used as margin money, subsidy or even loan against carbon credits. Mr. Neeraj Prasad, Manager, Climate Change Practice, World Bank Institute, in his remarks, pointed out that climate change mitigation rested on four pillars - demonstrable action by all countries around the globe, climate financing, building of sustainable habitats with proper planning for transportation and waste management and market-based instruments to scale up mitigation actions. Dr Rajiv Kumar, Secretary General, FICCI, observed that. CDM has not only led to the mainstreaming of climate change concerns among Indian business and industry but has also facilitated the emergence of new businesses that render services for carbon markets. The global service provision facilities created as a result of CDM can be optimized to play a major capacity building role to play in the coming years with the introduction of new international as well as domestic market mechanisms . India leads the list of CDM service providers with 163 companies, he said. He said long term signals on market based mechanisms and regulatory certainty from the global climate change negotiations will have significant bearing on the extent to which businesses engage in climate change mitigation. FICCI believes that the time and effort required by the Indian industry to reach the goals of energy efficiency and climate change mitigation depends on various factors like - the fate of the ongoing UNFCCC negotiations , continuity of the Kyoto Protocol and the related market-based mechanisms.