Emissions trading Current Affairs, GK & News

Emissions Trading

Emission Trading or Cap & Trade is one of the so called Kyoto Mechanisms under the UNFCCC. In this, the central authority sets a limit of cap on the amount of a pollutant that can be emitted. This limit is sold to the firms in the form of emission permits. An emission permit represents the ..

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Global carbon emission’s link to India’s economic growth

Recent study published in the journal Nature Climate Change showed a link between the lower global carbon emission growth with India’s slowing economy. The growth in carbon dioxide emission has reduced in 2019 compared to 2018 according to the study and is linked to lower coal usage by India and China. China accounts for 50% ..


Transformative Carbon Asset Facility (TCAF)

In 2015, the World Bank had launched a $500 million Transformative Carbon Asset Facility (TCAF) to help developing countries pay for emission reductions and combat climate change. The Transformative Carbon Asset Facility (TCAF) will establish the world’s first programmatic carbon market. The scheme will reward countries for reducing emissions by paying a fee for each ..


Current Affairs : December 12, 2011

India agrees to legally binding emission cuts in Durban climate deal India at Durban has for the first time agreed to binding emission cuts, with all other major emitters, but the quantity of cuts would be based on equity. The 194 countries have agreed on a roadmap for a 2015 accord that will, for the ..