The countries have agreed to work on a new international climate change treaty that would include limits on GHG emissions for developed as well as developing countries for the first time.  The respective Governments are required to finalize the modalities of treaty by 2015 and implement it post 2020. This would mean that big emitters like China, India and USA should  hold legal emission commitments post 2020.

The $100 billion Green Climate Fund (by 2020) has come into operation with South Korea providing the start up finance for the fund.  This fund will be accessible to developing countries to accelerate their efforts to establish a sustainable future and adapt to vulnerable climate change conditions.

The next major UNFCCC Climate Change Conference, COP 18/ CMP 8, is to take place from 26^th November to 7^th December 2012 in Qatar.

Discussions were also held up on future of CDM as end of Kyoto Protocol is nearby and the perceived contribution of NAMA (Nationally Appropriate Mitigation Actions). The growth of Renewable Energy sector in last five years was marked as success story of CDM and NAMA is looked as possible solution for future provided consensus among countries is achieved on developing it.

Agrinergy also participated in Trade Fair organized at CARBON FORUM ASIA 2011, an ideal place for strengthening business relationships, new partnerships and capacity building in carbon trading for existing as well as new market players. It witnessed participation from 88 organizations like government and public institutions, banks and exchanges, market advisors, CDM project developers, certifiers and verifiers etc from 29 countries including, Australia, China, Germany, Hong Kong, India, Indonesia, Ireland, Italy, Malaysia, Singapore, Sweden, and the United Arab Emirates; resulting into a fruitful gathering to explore opportunities in the carbon abatement market.

This was followed by the registration of a captive biomass cogeneration project titled ‘4.8 MW biomass based power plant at Shreyans Industries’, with an expected emission reduction of 18,282 metric tonnes CO2 equivalent per annum.

The first amongst these was a biomass based project titled “Biomass based thermal energy generation at Saber Papers Limited” which was registered with the CDM Executive Board on 12^th October 2010.The project will generate thermal energy through biomass and in the process reduce 74,692 metric tonnes CO₂ equivalent per annum.

This was followed by the registration of a 3.5 MW hydro power project titled “Palor Small Hydro Project ” on 21^st October 2010. The project will reduce 15,101 metric tonnes CO₂ equivalent per annum.

On 21^st December 2010, the registration of a 8 MW biomass based power project titled “Biomass power project by Sri Jyoti Renewable Energy Pvt Ltd”, expected to generate 40,935 CERs each year, took the total count of Agrinergy’s registered projects to 31.

The close of the year brought good news through the successful registration of the “8 MW wind power plant by K.S Oils Limited ” project with the CDM Executive Board on 30^th Dec 2010. The project is expected to generate 12,821 CERs per annum.

Since the news article relating to the Ajbapur Sugar Complex Cogeneration Project in April, Agrinergy has had a further three successful issuances, as demonstrated in the following table:

A grand total of 980308 CERs have been produced through Agrinergy’s projects to date.

Members of Agrinergy Ltd, UK, and Agrinergy Pte Ltd, Singapore, took part in Carbon Finance 2009 and Carbon Asia Forum, and it was a pleasure to meet the participants of both events. Agrinergy Ltd, UK, was present and spoke in a panel discussion on Post-2012 trading at Carbon Finance 2009 while Agrinergy Pte Ltd, Singapore, held a booth at Carbon Forum Asia.

Should you wish to discuss any related enquiry further please locate our contact information to approach the relevant Agrinergy office; we will be glad to hear from you.

Members of Agrinergy Ltd, UK, and Agrinergy Pte Ltd, Singapore, took part in Carbon Finance 2009 and Carbon Asia Forum, and it was a pleasure to meet the participants of both events. Agrinergy Ltd, UK, was present and spoke in a panel discussion on Post-2012 trading at Carbon Finance 2009 while Agrinergy Pte Ltd, Singapore, held a booth at Carbon Forum Asia.

Should you wish to discuss any related enquiry further please locate our contact information to approach the relevant Agrinergy office; we will be glad to hear from you.