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: 150
 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
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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: 151
 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
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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 97
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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                            <div style="text-align: justify"><br /></div><div style="text-align: justify">The silence at Cancun on the future of the Kyoto Protocol has cast a cloud of uncertainty over the emission trading business (carbon credits) in India.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Experts are interpreting the situation in different ways, with the overall view being that the emission trading business has to stay in one form or the other, if carbon emissions are to be reduced. However, for now, the $2 billion per year market for Indian companies is in a jeopardy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Under the Kyoto Protocol, polluting industries in Europe were allowed to pay polluters in developing countries such as India to cut their emissions. For cutting down their emission of carbon dioxide, Indian companies get &lsquo;emission-credits&rsquo;, which can be sold to European firms that need to reduce their pollution.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The prevailing price of emission credits is a little over 11 euros for a tonne of carbon dioxide. However, as the Kyoto Protocol hasn&rsquo;t been extended beyond 2012, it is not clear whether there will be a market for carbon credits post 2012. This market, currently worth $2 billion per year is in jeopardy because of the uncertainty, says Mr Kishore Butani of carbonyatra.com.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Earlier, buyers used to routinely purchase credits for the next ten years, but now they will be no longer willing to look beyond 2012, he adds. Another issue Mr Butani said is that every month India used to submit 20 projects for prior consideration for carbon credit to Kyoto. &ldquo;There&rsquo;s uncertainty over these projects. We will have to see if there is a decrease in this,&rdquo; he said..</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, some see a silver lining as well. Dr P.Rambabu, CEO of General Carbon says that the Cancun agreement highly positive for the carbon markets as it has reduced the uncertainty period over whether the international offset market will exist. Now it is clear that the current regime won&rsquo;t last beyond 2012.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This could lead to development of smaller national markets for trading carbon emissions, as individual countries try to reduce pollution.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The basic need for carbon credits remains the same as we believe that carbon credit pricing will be stable and the present uncertainty is temporary,&rdquo; says Mr. Sudipta Das, India leader for climate change services, Ernst&amp;Young, who had attended the conference at Cancun.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.deccanchronicle.com/business/silence-kyoto-mars-carbon-credit-biz-738" class="re" target="_blank">The Deccan Chronicle, 14 December, 2010, http://www.deccanchronicle.com/business/silence-kyoto-mars-carbon-credit-biz-738</a><div class="clear"></div>
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    <h1 class="cat-box-title">Silence on Kyoto mars carbon credit biz</h1>
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                            <div style="text-align: justify"><br /></div><div style="text-align: justify">The silence at Cancun on the future of the Kyoto Protocol has cast a cloud of uncertainty over the emission trading business (carbon credits) in India.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Experts are interpreting the situation in different ways, with the overall view being that the emission trading business has to stay in one form or the other, if carbon emissions are to be reduced. However, for now, the $2 billion per year market for Indian companies is in a jeopardy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Under the Kyoto Protocol, polluting industries in Europe were allowed to pay polluters in developing countries such as India to cut their emissions. For cutting down their emission of carbon dioxide, Indian companies get &lsquo;emission-credits&rsquo;, which can be sold to European firms that need to reduce their pollution.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The prevailing price of emission credits is a little over 11 euros for a tonne of carbon dioxide. However, as the Kyoto Protocol hasn&rsquo;t been extended beyond 2012, it is not clear whether there will be a market for carbon credits post 2012. This market, currently worth $2 billion per year is in jeopardy because of the uncertainty, says Mr Kishore Butani of carbonyatra.com.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Earlier, buyers used to routinely purchase credits for the next ten years, but now they will be no longer willing to look beyond 2012, he adds. Another issue Mr Butani said is that every month India used to submit 20 projects for prior consideration for carbon credit to Kyoto. &ldquo;There&rsquo;s uncertainty over these projects. We will have to see if there is a decrease in this,&rdquo; he said..</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, some see a silver lining as well. Dr P.Rambabu, CEO of General Carbon says that the Cancun agreement highly positive for the carbon markets as it has reduced the uncertainty period over whether the international offset market will exist. Now it is clear that the current regime won&rsquo;t last beyond 2012.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This could lead to development of smaller national markets for trading carbon emissions, as individual countries try to reduce pollution.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The basic need for carbon credits remains the same as we believe that carbon credit pricing will be stable and the present uncertainty is temporary,&rdquo; says Mr. Sudipta Das, India leader for climate change services, Ernst&amp;Young, who had attended the conference at Cancun.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.deccanchronicle.com/business/silence-kyoto-mars-carbon-credit-biz-738" class="re" target="_blank">The Deccan Chronicle, 14 December, 2010, http://www.deccanchronicle.com/business/silence-kyoto-mars-carbon-credit-biz-738</a><div class="clear"></div>
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    <h1 class="cat-box-title">Silence on Kyoto mars carbon credit biz</h1>
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                            <div style="text-align: justify"><br /></div><div style="text-align: justify">The silence at Cancun on the future of the Kyoto Protocol has cast a cloud of uncertainty over the emission trading business (carbon credits) in India.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Experts are interpreting the situation in different ways, with the overall view being that the emission trading business has to stay in one form or the other, if carbon emissions are to be reduced. However, for now, the $2 billion per year market for Indian companies is in a jeopardy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Under the Kyoto Protocol, polluting industries in Europe were allowed to pay polluters in developing countries such as India to cut their emissions. For cutting down their emission of carbon dioxide, Indian companies get &lsquo;emission-credits&rsquo;, which can be sold to European firms that need to reduce their pollution.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The prevailing price of emission credits is a little over 11 euros for a tonne of carbon dioxide. However, as the Kyoto Protocol hasn&rsquo;t been extended beyond 2012, it is not clear whether there will be a market for carbon credits post 2012. This market, currently worth $2 billion per year is in jeopardy because of the uncertainty, says Mr Kishore Butani of carbonyatra.com.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Earlier, buyers used to routinely purchase credits for the next ten years, but now they will be no longer willing to look beyond 2012, he adds. Another issue Mr Butani said is that every month India used to submit 20 projects for prior consideration for carbon credit to Kyoto. &ldquo;There&rsquo;s uncertainty over these projects. We will have to see if there is a decrease in this,&rdquo; he said..</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, some see a silver lining as well. Dr P.Rambabu, CEO of General Carbon says that the Cancun agreement highly positive for the carbon markets as it has reduced the uncertainty period over whether the international offset market will exist. Now it is clear that the current regime won&rsquo;t last beyond 2012.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">This could lead to development of smaller national markets for trading carbon emissions, as individual countries try to reduce pollution.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The basic need for carbon credits remains the same as we believe that carbon credit pricing will be stable and the present uncertainty is temporary,&rdquo; says Mr. Sudipta Das, India leader for climate change services, Ernst&amp;Young, who had attended the conference at Cancun.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.deccanchronicle.com/business/silence-kyoto-mars-carbon-credit-biz-738" class="re" target="_blank">The Deccan Chronicle, 14 December, 2010, http://www.deccanchronicle.com/business/silence-kyoto-mars-carbon-credit-biz-738</a><div class="clear"></div>
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Silence on Kyoto mars carbon credit biz

Published on Dec 14, 2010   Modified on Dec 14, 2010

The silence at Cancun on the future of the Kyoto Protocol has cast a cloud of uncertainty over the emission trading business (carbon credits) in India. Experts are interpreting the situation in different ways, with the overall view being that the emission trading business has to stay in one form or the other, if carbon emissions are to be reduced. However, for now, the $2 billion per year market for Indian companies is in a jeopardy. Under the Kyoto Protocol, polluting industries in Europe were allowed to pay polluters in developing countries such as India to cut their emissions. For cutting down their emission of carbon dioxide, Indian companies get ‘emission-credits’, which can be sold to European firms that need to reduce their pollution. The prevailing price of emission credits is a little over 11 euros for a tonne of carbon dioxide. However, as the Kyoto Protocol hasn’t been extended beyond 2012, it is not clear whether there will be a market for carbon credits post 2012. This market, currently worth $2 billion per year is in jeopardy because of the uncertainty, says Mr Kishore Butani of carbonyatra.com. Earlier, buyers used to routinely purchase credits for the next ten years, but now they will be no longer willing to look beyond 2012, he adds. Another issue Mr Butani said is that every month India used to submit 20 projects for prior consideration for carbon credit to Kyoto. “There’s uncertainty over these projects. We will have to see if there is a decrease in this,” he said.. However, some see a silver lining as well. Dr P.Rambabu, CEO of General Carbon says that the Cancun agreement highly positive for the carbon markets as it has reduced the uncertainty period over whether the international offset market will exist. Now it is clear that the current regime won’t last beyond 2012. This could lead to development of smaller national markets for trading carbon emissions, as individual countries try to reduce pollution. “The basic need for carbon credits remains the same as we believe that carbon credit pricing will be stable and the present uncertainty is temporary,” says Mr. Sudipta Das, India leader for climate change services, Ernst&Young, who had attended the conference at Cancun.

The Deccan Chronicle, 14 December, 2010, http://www.deccanchronicle.com/business/silence-kyoto-mars-carbon-credit-biz-738

Tagged with: climate change

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