Emission Capping & Trading, First of its Kind in ADNOC Group

2021 ◽  
Author(s):  
Abdulla Humaid Alhosani ◽  
Nasir-ud-Din Humayun ◽  
Jawahar Kannan
Keyword(s):  
United Nations ◽  
Clean Development Mechanism ◽  
Ghg Emissions ◽  
Co2 Reduction ◽  
Carbon Price ◽  
Mitigation Measures ◽  
Clean Development Mechanism Project ◽  
Low Carbon ◽  
Carbon Credits ◽  
Development Mechanism

Abstract The Spiking Gas Compressor project was installed in 2014, which reduces 65,000 tons of Carbon-di-oxide (CO2) emission annually. This was subsequently registered as a CDM (Clean Development Mechanism) project under UN convention and incidentally this was the first ADNOC project to be under this registration. The registration is the first step to claim for Carbon Credits under United Nations Framework of Clean Climate Convention (UNFCCC) scheme. No Carbon Credits were claimed under CDM since its commissioning in 2014 due to low carbon price. In 2019, we achieved the next big milestone of trading these accumulated carbon credits to an Austrian MNC. M/s MASDAR, pioneer in this field, who are also partner of ADNOC onshore in this green project, arranged an Upstream Emission Reduction (UER) buyer. The transaction is worth 65,000 tons of CO2 reduction and considerable monetary benefit. This transaction assumes significance not in terms of monetary value but a global recognition to ADNOC as a company amongst the leading players in the global arena in reducing the Greenhouse Gas (GHG) emissions. This project is the first & largest Clean Development Mechanism (CDM) registered in Oil & Gas industry in UAE. United Nations Framework Convention on Clean Climate (UNFCCC) recognized flare gas recovery through Spiking Gas Project as Clean Development Mechanism (CDM) project to generate Carbon Credits. The project demonstrates the commitment and support of Abu Dhabi Government and ADNOC towards climate change mitigation measures. Clean Development Mechanism (CDM) project demonstrated successful partnership with Masdar. The project was converted into to UER scheme. ADNOC Onshore & Masdar arranged a Buyer. Later, in compliance to ISO 14064/65, post Validation/ Verification by external auditors brought a considerable revenue to ADNOC.

Costs and Benefits of the Transition to Low-carbon Economyin Russia: Perspectives up to 2050

2014 ◽  
pp. 70-91 ◽  
Author(s):  
I. Bashmakov ◽  
A. Myshak
Keyword(s):  
Emission Reduction ◽  
High Probability ◽  
Ghg Emissions ◽  
Mitigation Measures ◽  
Low Carbon ◽  
Costs And Benefits ◽  
Ghg Emission ◽  
Research Groups ◽  
Emissions Mitigation ◽  
Very High

This paper investigates costs and benefits associated with low-carbon economic development pathways realization to the mid XXI century. 30 scenarios covering practically all “visions of the future” were developed by several research groups based on scenario assumptions agreed upon in advance. It is shown that with a very high probability Russian energy-related GHG emissions will reach the peak before 2050, which will be at least 11% below the 1990 emission level. The height of the peak depends on portfolio of GHG emissions mitigation measures. Efforts to keep 2050 GHG emissions 25-30% below the 1990 level bring no GDP losses. GDP impact of deep GHG emission reduction - by 50% of the 1990 level - varies from plus 4% to minus 9%. Finally, very deep GHG emission reduction - by 80% - may bring GDP losses of over 10%.

scholarly journals Road-rail intermodality and the Clean Development Mechanism

2021 ◽  
Vol 15 ◽  
pp. 77-83
Author(s):  
Rodrigo Galbieri ◽  
André Felipe Simões
Keyword(s):  
Climate Change ◽  
United Nations ◽  
Clean Development Mechanism ◽  
Partial Replacement ◽  
Executive Board ◽  
The Road ◽  
Mobile Sources ◽  
Cargo Transport ◽  
Transportation Sector ◽  
Development Mechanism

The approval of methodologies involving the transportation sector confronts methodological concepts that hinder the eligibility of such projects as Clean Development Mechanism, mainly because it is a segment whose emissions come from mobile sources. The verification of additionality and monitoring of emissions, in principle, can be regarded as some of the key barriers to fit transportation sector projects into the CDM framework. This paper discusses these issues and examines, in particular, the road-rail intermodality. Since the partial replacement of cargo transport via trucks by wagon trains presents a great potential for mitigating emissions of greenhouse gases, this paper also analyzes the characteristics that a project involving road-rail intermodality must possess in order to be approved by the Executive Board of the United Nations Framework Convention on Climate Change. It also analyzes the main difficulties that such a project might face.

scholarly journals The quality of carbon management accounting reporting as a financial barrier to clean development mechanism projects development

2018 ◽  
Vol 16 (3) ◽  
pp. 345-354
Author(s):  
André Luiz Bufoni ◽  
Aracéli Cristina de Sousa Ferreira ◽  
Luciano Basto Oliveira
Keyword(s):  
Clean Development Mechanism ◽  
Qualitative Content Analysis ◽  
Ghg Emissions ◽  
Poor Quality ◽  
Research Field ◽  
Emissions Reduction ◽  
Disclosure Quality ◽  
Analysis Methodology ◽  
Development Mechanism

Abstract Recent works reveal that financial attractiveness is a severe barrier to the GHG emissions reduction projects in developing countries. Because of price collapse of the carbon market since 2013, the importance of projects budgeting and forecast has risen. This article aims to investigate the financial information and disclosure quality of 432 projects of the waste management sector using UNFCCC’s Clean Development Mechanism as a Kyoto Protocol Instrument. The research used the qualitative content analysis methodology supported by NVivo® software. The results indicate that the lack of reporting standards and the poor-quality information lead to significant reduction of the audits utility, due to the uniformity, consistency, trustworthiness, and predictive and feedback qualitative characteristics of data presented. The real situation and the performance of initiatives are hardly known, but according to data activities, projects are continually compromised. However, the study concludes that the need for quality is a great professional and research field to explore.

scholarly journals The effect of clean development mechanism projects on human resource management practices in Brazil

2017 ◽  
Vol 37 (10) ◽  
pp. 1348-1365 ◽  
Author(s):  
Luz Fernández ◽  
Andrea Cardoso Ventura ◽  
Jose Célio Andrade ◽  
Julio Lumbreras ◽  
Jose Ramon Cobo-Benita
Keyword(s):  
Human Resource ◽  
Clean Development Mechanism ◽  
Quantitative Methods ◽  
Management Practices ◽  
Ghg Emissions ◽  
Cost Effective ◽  
Content Type ◽  
Qualitative And Quantitative Methods ◽  
Hrm Practices ◽  
Development Mechanism

Purpose The clean development mechanism (CDM) project is a cost-effective instrument to reduce greenhouse gas (GHG) emissions and to transfer technology and capital from industrialized to developing countries. HRM practices are important sustainable development co-benefits of CDM projects and Brazil is the third largest CDM project developer in the world. The purpose of this paper is to analyze the HRM practices declared by Brazilian CDM projects and how these practices have been, in fact, implemented by the proponents of these projects. Design/methodology/approach A mixed methodology was developed, based especially on qualitative and quantitative methods, in the Brazilian context. Findings The authors found that CDM activities are improving recruitment, human resource participation and training practices in Brazilian companies, influencing the integration of environmental management into HRM practices – green HRM. In addition, the study presents hints of interesting avenues to explore in further studies. For example, why is it that some organizations are able to change the routines associated with organizational learning and/or culture while others are not. Originality/value The overall results suggested that there is further potential within GHG emissions reduction projects to improve green HRM.

scholarly journals Study on Clean Development Mechanism, Quantitative and Sustainable Mechanism

2015 ◽  
Vol 2015 ◽  
pp. 1-9
Author(s):  
Donghai Yuan ◽  
Lipeng Zheng ◽  
Yuan Cao ◽  
Xufeng Mao ◽  
Xueju Huang ◽  
...  
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
United Nations ◽  
Market Share ◽  
Host Country ◽  
Clean Development Mechanism ◽  
Emission Reduction ◽  
Evaluation Method ◽  
Certified Emission Reduction ◽  
Development Mechanism

Aiming at the system and market problem of clean development mechanism (CDM), this study is carried out to establish the feasibility of certified emission reduction (CER) quantitative evaluation method and reserve mechanism in host country at the United Nations Framework Convention on Climate Change (UNFCCC) level. After the introduction of CER quantitative and sustainable mechanism, the amount of CER that can enter the market was cut to a quarter, which reduces about 75% of the expected CER supply. Market CER from the technology types of higher CER market share and lower support for sustainable development appears to have different degrees of reduction. As for the technology types of lower CER market share and higher support for sustainable development, the amount of market CER is maintained in line with prevailing scenario, and market CER supply becomes more balanced.

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