Event: Carbon Forum Asia 2008

Carbon Forum Asia 2008 will be held from 12 to 13 Nov 08 at the Suntec International Convention and Exhibition Centre. This annual conference and trade fair is jointly organized by the International Emissions Trading Association (IETA) and Koelnmesse. The event provides a platform for participants and exhibitors to explore and learn about carbon markets and financing, Clean Development Mechanism (CDM) projects, technologies, and regulatory developments in the Asia-Pacific region. Visit the Carbon Forum Asia website for more details.

World Environment Day on 5 Jun 2008: Kick the Habit! Towards a Low Carbon Economy

World Environment Day is celebrated on 5 June each year to increase environmental awareness and action. This year’s focus is on climate change, with the theme, Kick the Habit! Towards a Low Carbon Economy. There will be activities around the world on 5 June to highlight the problem of global warming and climate change, and how we can do our part to reduce carbon emissions. Check out the World Environment Day website for more details and activities.

The message for World Environment Day 2008 by United Nations Secretary-General, Ban Ki-moon, is shown below:

MESSAGE FOR WORLD ENVIRONMENT DAY 2008

KICK THE CARBON HABIT

Addiction is a terrible thing. It consumes and controls us, makes us deny important truths and blinds us to the consequences of our actions. Our world is in the grip of a dangerous carbon habit.

Coal and oil paved the way for the developed world’s industrial progress. Fast-developing countries are now taking the same path in search of equal living standards. Meanwhile, in the least developed countries, even less sustainable energy sources, such as charcoal, remain the only available option for the poor.

Our dependence on carbon-based energy has caused a significant build-up of greenhouse gases in the atmosphere. Last year, the Nobel Peace Prize-winning Intergovernmental Panel on Climate Change put the final nail in the coffin of global warming sceptics. We know that climate change is happening, and we know that carbon dioxide and other greenhouse gases that we emit are the cause.

We don’t just burn carbon in the form of fossil fuels. Throughout the tropics, valuable forests are being felled for timber and making paper, for pasture and arable land and, increasingly, for plantations to supply a growing demand for biofuels. This further manifestation of our carbon habit not only releases vast amounts of CO2; it also destroys a valuable resource for absorbing atmospheric carbon, further contributing to climate change.

The environmental, economic and political implications of global warming are profound. Ecosystems — from mountain to ocean, from the Poles to the tropics — are undergoing rapid change. Low-lying cities face inundation, fertile lands are turning to desert, and weather patterns are becoming ever more unpredictable.

The cost will be borne by all. The poor will be hardest hit by weather-related disasters and by soaring price inflation for staple foods, but even the richest nations face the prospect of economic recession and a world in conflict over diminishing resources. Mitigating climate change, eradicating poverty and promoting economic and political stability all demand the same solution: we must kick the carbon habit. This is the theme for World Environment Day 2008. “Kick the Habit: Towards a Low Carbon Economy”, recognizes the damaging extent of our addiction, and it shows the way forward.

Often we need a crisis to wake us to reality. With the climate crisis upon us, businesses and governments are realizing that, far from costing the Earth, addressing global warming can actually save money and invigorate economies. While the estimated costs of climate change are incalculable, the price tag for fighting it may be less than any of us may have thought. Some estimates put the cost at less than one per cent of global gross domestic product — a cheap price indeed for waging a global war.

Even better news is that technologies already exist or are under development to make our consumption of carbon-based fuels cleaner and more efficient and to harness the renewable power of sun, wind and waves. The private sector, in particular, is competing to capitalize on what they recognize as a massive business opportunity.

Around the world, nations, cities, organizations and businesses are looking afresh at green options. At the United Nations, I have instructed that the plan for renovating our New York headquarters should follow strict environmental guidelines. I have also asked the chief executives of all UN programmes, funds and specialized agencies to move swiftly towards carbon neutrality.

Earlier this year, the UN Environment Programme launched a climate neutral network — CN Net — to energize this growing trend. Its inaugural members, which include countries, cities and companies, are pioneers in a movement that I believe will increasingly define environmental, economic and political discourse and decision making over the coming decades.

The message of World Environment Day 2008 is that we are all part of the solution. Whether you are an individual, an organization, a business or a government, there are many steps you can take to reduce your carbon footprint. It is message we all must take to heart.

Source: World Environment Day, UNEP. Image: World Environment Day, UNEP.

Asia and the Clean Development Mechanism

(Just for fun, rest assure that the carbon credits from CDM projects are not earned in the above manner.)

The Clean Development Mechanism (CDM) was discussed in our previous article. We are encouraged by the interest and participation of China and India in the CDM projects. However, the other Asian countries are still not making full use of the CDM to get funding and technology to reduce their emissions. Some information that we obtained from the Carbon Forum Asia 2007 is shown below.

The UNFCCC CDM website reported that there are 844 registered projects and 53 requesting registration, and more than 2600 projects in the pipeline. Of the registered projects, 61% is implemented in Asia and the Pacific (34% is implemented in India, 16% in China, 2% each in Malaysia and Korea). The expected average annual CERs from the registered projects amount to about 174,268,851 and 45% is generated by China while India generates 16%. Together, India and China takes up 50% of the CDM registered projects and generates 61% of the annual CERs.

The UNEP Risoe Centre reported that for the other 2600 projects in the pipeline, 73% is in Asia and the Pacific. The number of CDM projects in Asia by country are as follows: China (44%); India (40%); Malaysia (4%); Indonesia (3%); Philippines (2%); South Korea (2%); Thailand (2%); Vietnam (1%); Sri Lanka (1%) and Others (1%). The expected volume of CERs until 2012 in Asia is generated mostly from China (66%) and India (19%).

The above figures show that China and India host most of the CDM projects in Asia and the world, and most of the CERs is expected to be from China. The other countries in Asia are still lacking behind in the CDM market and some speakers attribute it to the lack of knowledge and awareness of CDM among the governments and private companies, and also the lack of financial support. Those countries can learn from China, especially on China’s role in CDM and carbon trading, and on how China use the profits generated for tackling climate change.

Source: UNFCCC CDM website; UNEP Risoe Centre; China.org.cn; Xinhua News Agency. Image attribution: WillyFeng.

Carbon Forum Asia 2007

Location: Suntec International Convention and Exhibition Centre, Singapore

The Carbon Forum Asia 2007 is jointly organised by the International Emissions Trading Association (IETA) and Koelnmesse, and hosted by the Sustainable Energy Association of Singapore (SEAS). The event provides a gateway to Asia’s carbon industry, and will give visitors more information on the technical innovations, carbon emissions policies and regulations with emphasis on financing and Clean Development Mechanism. Registration and payment via the Carbon Forum Asia 2007 website.