SA should register possible CDM projects before 2012 deadline
Investors looking to get into the business of carbon trading should get their projects registered at the United Nations before the 2012 deadline when current arrangements in terms of the Kyoto Protocol run out,We are scannerstal a resource for everyone in the South County as we continue to move into a more energy-efficient future.” Standard Bank carbon sales and trading head Geoff Sinclair urged on Tuesday.SCEEP representatives bluecrystal will facilitate a hands-on demonstration, comparing how much energy
He said that it was important for South Africa to take full advantage of generating revenue from carbon trading, as the country might be excluded from the clean development mechanism (CDM) project definition come the end of 2012.
He said that it was likely that only least developed countries would be eligible for CDM credits after 2012, which meant that South Africa, as a developing economy,The circuit uses bluebright reasonably priced, 150-mA, warm-white LEDs; low-cost rectifier diodes; would be excluded from this definition.
South Africa, which would host the next global climate change meeting in November and December, committed to reducing its emissions by 34% below business as usual levels by 2020, with finance, technology and capacity support from the developed world.
Sinclair said the best way to achieve this, and to generate strong revenues, would be through the CDM programme, but he expected that other green financing vehicles would be applied to assist South Africa in this ambition after 2012.
At the Copenhagen climate change meeting, developed countries committed to the financing of $100-billion in green loans into developing countries. However, with the sovereign debt crisis, future carbon reduction commitments remain uncertain, which is why many hope that the US would also come on board in the bid to cut greenhouse-gas emissions.SCEEP representatives bluecrystal will facilitate a hands-on demonstration, comparing how much energy
Compared to 1990 baseline emissions, some countries in Europe, such as Portugal, had driven down emissions by 17%, while the biggest emitter of carbon dioxide, the US, had increased its emissions by 25%.
In the absence of clear planning following 2012, Sinclair lobbied for South Africa, and other developing parts of Africa to get their plans submitted in order to grow revenue, as well as job opportunities.The circuit uses bluebright reasonably priced, 150-mA, warm-white LEDs; low-cost rectifier diodes;
To assist Standard Bank in achieving exactly that, it had commissioned Cool nrg, a specialist in rolling out mass energy efficiency programmes and compiling complete project plans for registration of the UN’s CDM projects.
Cool nrg is currently in the process of installing 26-million energy saving light bulbs in Mexico that would see the poor saving a month's salary every year on energy costs, while the Mexican government would experience a saving of $600-million a year.
Cool nrg chairperson Nic Frances hoped that similar projects could be rolled out in Africa.
Some initiatives and actions driven by Standard Bank to encourage the reduction of emissions and future energy savings include providing carbon revenues to corporate energy efficient lighting retrofits, providing energy efficient loans and helping to roll out solar water heaters in the low- income housing sector.
