Engineering & Technology
Received: 01 Jun 2018 , Published: 03 June 2018
Views: 92 , Download: 45
|1||Saurabh Joshi,Mr.Kiran Kangle, Mr.Pramod Jadhav, Mr. Ravi Nikam|
Carbon credits are a key component of national and international emissions trading schemes that have been implemented to mitigate global warming. They provide a way to reduce greenhouse effect emissions on an industrial scale by capping total annual emissions and letting the market assign a monetary value to any shortfall through trading. Carbon capture and storage (CCS) is a means of mitigating the contribution of fossil fuel emissions to global warming. This process is based on capturing carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, and storing it in such a way that it does not enter the atmosphere. Nowadays, the CO2 is captured and can be piped to underground geological formations where it can be permanently stored. Carbon capture and storage applied to a modern conventional power plant could reduce CO2 emissions to the atmosphere by approximately 70-75% compared to a plant without Carbon capture and storage. Capturing and compressing CO2 requires much energy and would increase the fuel needs of a coal-fired plant with CCS by 20%-30%. These and other system costs are estimated to increase the cost of energy from a new power plant with CCS by 20-75%
- Aslam, M. A. (1998) “The Clean Development Mechanism: Unravelling the Mystery”, paper distributed at joint MIT/RIIA Global Change Forum, June 1998, London, UK.
- Center for Health and the Global Environment; Harvard Medical School; “CLIMATE CHANGE FUTURES: Health, Ecological and Economic Dimensions”
- Grubb, M. and Vrolijk Christiaan (1998), “The Kyoto Protocol: Specific Commitments and flexibility instruments”, RIIA-EEP Climate Change Briefing Paper No.11, April 1998, London, UK.
- Shashilata S. Dubey, Sunila V. Talekar; Carbon Credits: Economy for the Climate Change; Environmental Analysts Carbon Trading Division, Green Ventures Advisors Private Limited, 133 B, Mittal Court, Nariman Point Mumbai, India.
- Sunila V. Talekar, Shashilata S. Dubey; Carbon Credits in India: Way to Sustainable Development; Environmental Analyst Carbon Trading Division, Green Ventures Advisors Private Limited, 133 B, Mittal Court, Nariman Point Mumbai, India.
- U.S. Climate Change Science Program and the Subcommittee on Global Change Research; “Abrupt Climate Change: Final Report, Synthesis and Assessment Product 3.4”