Showing posts with label carbon credit. Show all posts
Showing posts with label carbon credit. Show all posts

Sunday, May 2, 2010

What Exactly Is “Carbon Credit”?

You must have heard of the term “Carbon Credit”, right? Why, it is one of the most pronounced terms in today’s time, when Global Warming has become such a huge menace for all of us.

But what exactly is meant by “Carbon Credit”? If you just have a sketchy idea, and not a concrete one, then please permit me to offer a brief explanation.

Carbon Credit is basically the monetary reward that a country or organization gets for reducing its Carbon Emission. There is a reward of one (1) unit of Carbon Credit for the reduction of every metric ton of CO2. And the monetary value of every unit of Carbon Credit is, as of today, approximately 12 Euros (the value may change in the future).

In a nutshell, a country or an organization can get around 12 Euros for every metric ton of CO2 that it will manage to reduce.

I got this explanation of Carbon Credit from my good colleague and friend Mr. LS, an expert on Forest and Environment Management. In case you find anything wrong in the information, please rectify me.

Monday, January 18, 2010

Effective Implementation of Plastic Bag Ban

Despite a ban on its use in India, plastic bag is very much in use in India. One of my colleagues from Dharamshala, Himachal Pradesh is claiming that the ban is very much successful in that state. May be. But that the ban has been not that effective at least in Delhi that is very much established.

Fine. But why are people, mainly the shopkeepers, so unwilling to follow the ban? Is it merely a callous attitude towards the cause of environment? No! We all know that the actual reason is something different.

Actually, all the alternatives for plastic bag, such as jute bag, cotton bag and paper bag are more costly than plastic bag. Using any of such bags in the place of plastic bag will be quite a costly affair for shopkeepers. And it is this factor that is keeping them away from saying good-bye to plastic bag.

So what is the way out? Well, I have a suggestion, if nobody finds it audacious and over-smart. And I also tell in advance that my suggestion may be based on completely faulty and/or impractical logic. In that case I apologize in advance.

Is it very difficult for the Government to subsidize the production of jute and cotton bags? Subsidization will understandably bring down their production costs, eventually reducing their market price as well. And in that case it will be easier for shopkeepers to replace plastic bags with these bags.

Yes, this act of subsidization will result in a financial pressure on the Government. And I also have a suggestion about how to address it (and again I must say that my suggestion can be wrong).

If shopkeepers gradually stop purchasing plastic bags, then the manufacturers of plastic bags will automatically stop or reduce production of such bags, right? And that will eventually result in a significant reduction of CO2 emission, as plastic bag manufacturing results in a huge CO2 emission.

Now, can the Indian Government use this achievement of causing emission reduction to earn some Carbon Credits (the economic allowance that a country earns for reducing greenhouse gas emissions)? And can that economic allowance be used to address the financial pressure that the Government will face while subsidizing the jute and cotton bag manufacturing?

I have just sought to share an idea that came in my mind. I will love everybody to share his views on it.