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Sun04202014

Smog causes partial car ban in Paris – But is the Diesel Industry to blame?

Smog causes partial car ban in Paris – But is the Diesel Industry to blame?

There’s a choking, Beijingian smog hanging over Parisian skies. Warm, still cond...

Climate change is happening, affecting all areas of the globe – I.P.C.C.

Climate change is happening, affecting all areas of the globe – I.P.C.C.

The effect of climate change is already being felt worldwide, according the Inte...

Hong Kong extends its registration tax exemption for E.V.s

Hong Kong extends its registration tax exemption for E.V.s

Hong Kong has passed a resolution that will extend its first registration tax ex...

Make a green choice by purchasing eco-clothing for your kids

Make a green choice by purchasing eco-clothing for your kids

There are several benefits of organic kid’s clothing. As people are becoming env...

Restoring the beauty of the Chesapeake Bay

Restoring the beauty of the Chesapeake Bay

The Chesapeake Bay is America’s largest estuary, which is a body of water that l...

Norway to invest in renewable energy

Norway to invest in renewable energy

Norwegian Prime Minister Erna Solberg has announced that the country’s governmen...

Solenergy taps Philippines’ solar power potential

Solenergy taps Philippines’ solar power potential

Solar power system design and installation company Solenergy Systems Inc. has be...

Business

Smog causes partial car ban in Paris – But is the Diesel Industry to blame?

Smog causes partial car ban in Paris – But is the Diesel Industry to blame?

Monday, 07 April 2014

There’s a choking, Beijingian smog hanging over Parisian skies. Warm, still conditions have caused car fumes and chemicals to collect above the city a...

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Technology

Politics

Living Green

Environmental benefits of travelling and holidaying locally

Environmental benefits of travelling and holidaying locally

Sunday, 20 April 2014

Flying overseas can have a huge impact on the environment. A standard return eight hour flight for one person will generate a huge 3.4 tons of carbon....

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Renewables

Martifer Solar connects almost 80 MW worth of solar power in U.K.

Martifer Solar connects almost 80 MW worth of solar power in U.K.

Sunday, 20 April 2014

Martifer Solar has connected nearly 80 megawatts of solar photovoltaic power to the United Kingdom grid. The company, which is a subsidiary of Martif...

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Low-Carbon

GHG emissions from Agriculture have increased – U.N. F.A.O.

GHG emissions from Agriculture have increased – U.N. F.A.O.

Sunday, 20 April 2014

New estimates from the United Nations Food and Agriculture Organization show that greenhouse gas emissions from the agricultural sector have increased...

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Opinion

Restoring the beauty of the Chesapeake Bay

Restoring the beauty of the Chesapeake Bay

Thursday, 27 March 2014

The Chesapeake Bay is America’s largest estuary, which is a body of water that links rivers to the sea and acts as a bridge between freshwater and sal...

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Citi buys carbon credits from Mongolian energy efficiency project

Citi will purchase 1.17 million metric tons of carbon credits over the next seven years from Seattle-based carbon markets intermediary MicroEnergy Credits for reduce household emissions in Mongolia.

In Ulaanbaatar, the Mongolian capital, local lender XacBank will finance the locals' purchase of energy- efficient stoves and insulation fixtures so they increase heat retention and lower the rate of fossil fuel consumption and carbon emissions.

Many of Ulaanbaatar's population still live in traditional, tent-like structures called gers. Gers are traditionally under-insulated and heated by inefficient coal-burning stoves.

The greenhouse gas emissions reductions from the installation of more efficient household insulation and heating fixtures will generate carbon credits.

The reduction in emissions will be earned by XacBank clients and assigned to MicroEnergy Credits. MicroEnergy Credits will then quantify, aggregate and sell the credits to Citi, which can then trade and sell the credits under the European Union Emissions Trading Scheme.

The first carbon credits are expected to be available for purchase by Citi in March next year.

Portions of the proceeds from Citi's carbon credit purchase will also be distributed by MicroEnergy Credits back to XacBank, allowing for the continuation of the energy efficiency micro-loans.

Over-the-counter price for Certified Emission Reductions is currently hovering at over 3 euros ($4) per metric ton.



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