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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (882557)	8/25/2015 7:16:16 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 1583373

"India’s coal industry in flux" "In flux" is just another way of saying "going solar" Indian Coal Giant Plans 600 MW of Solar Power (Nope, It’s Not April 1) August 21st, 2015 by Saurabh Mahapatra Originally published on Solar Love. As per the guidelines issued by the Indian government, public sector companies are implementing plans to set up large-scale solar power projects. According to a recent announcement, publicly-owned lignite mining and power generation company Neyveli Lignite Corporation (NLC) plans to set up 600 MW of solar projects across various states of India. Through this announcement, the company plans to increase its total power generation capacity to 12.2 GW, from the current capacity of 2.74 GW. According to the B Surender Mohan, Chairman and Managing Director, the company is in the process of setting up smaller solar projects with 10–15 MW of capacity each in Tamil Nadu and Rajasthan, with a total capacity of about 50 MW. Additionally, the company plans to set up a 100 MW solar project in Nevyeli for which land identification is underway. The company has been slowly increasing its renewable energy portfolio. The company also had talks with Tamil Nadu and several other states for setting up higher-capacity solar projects. These projects will be implemented after carrying out techno-economic viability studies and land allocation. Coal companies are under pressure from various environmental groups to source their coal in a more environment-friendly way to reduce their overall carbon footprint. Investing in renewable energy would help coal companies to fulfil their corporate social responsibility obligations. Last year, the world’s largest coal producer, Coal India Limited, made a similar announcement to develop 1 GW of solar projects across various states. Last year, India doubled the tax on every metric ton of coal mined or imported in the country. The revenue generated from the coal tax would finance the National Clean Energy Fund (NCEF), which would be utilized for the development of renewable energy projects, environmental projects, and research and development projects. cleantechnica.com

To: Brumar89 who wrote (882557)	8/25/2015 7:18:47 PM
From: Brumar89	Read Replies (1) \| Respond to of 1583373

Carbon credits undercut climate change actions says report – BBC News August 25, 2015 The vast majority of carbon credits generated by Russia and Ukraine did not represent cuts in emissions, according to a new study. The authors say that offsets created under a UN scheme “significantly undermined” efforts to tackle climate change. The credits may have increased emissions by 600 million tonnes. In some projects, chemicals known to warm the climate were created and then destroyed to claim cash. As a result of political horse trading at UN negotiations on climate change, countries like Russia and the Ukraine were allowed to create carbon credits from activities like curbing coal waste fires, or restricting gas emissions from petroleum production. Under the UN scheme, called Joint Implementation, they then were able to sell those credits to the European Union’s carbon market. Companies bought the offsets rather than making their own more expensive, emissions cuts. But this study, from the Stockholm Environment Institute, says the vast majority of Russian and Ukrainian credits were in fact, “hot air” – no actual emissions were reduced. They looked at a random sample of 60 projects and found that 73% of the offsets generated didn’t meet the key criteria of “additionality”. This means that these projects would have happened anyway without any carbon credit finance. “Some early projects were of good quality, but in 2011-2012, numerous projects were registered in Ukraine and Russia which had started long before and were clearly not motivated by carbon credits,” said Vladyslav Zhezherin, a co-author of the study. “This was like printing money.” According to the review, the vast majority of the offset credits went into the European Union’s flagship Emissions Trading Scheme. The authors estimate these may have undermined EU emissions reduction targets by 400 million tonnes of CO2, worth over $2bn at current market prices. http://www.bbc.co.uk/news/science-environment-34042115 No shit Sherlock! Some of us have been warning about abuses like this for years! Welcome to the real world, Mr McGrath. http://wattsupwiththat.com/2015/08/25/stockholm-environment-institute-carbon-credits-undercut-climate-change-action/