Thailand's rank rises in Kyoto Protocol carbon credit trade
By Jon Fernquest
Thailand
has risen to the top of nations involved in buying buying and selling carbon
credits
and developing Clean
Development Mechanism (CDM) projects under the Kyoto
protocol.
What exactly is CDM? "CDM
is the mechanism
that allows industrialised nations to buy carbon credits
from projects in developing countries to meet their emission
reduction commitments under the Kyoto Protocol by
2012."
Today's article begins after the vocabulary below.
carbon
credit - the assignment of a value to the
reduction of
greenhouse gas emissions: "Carbon credits and markets are key
components of national and international attempts to mitigate the
growth in concentrations of greenhouse gases (GHGs). One carbon credit
is equal to one ton of carbon dioxide, or in some markets, carbon
dioxide equivalent gases" (See Wikipedia)
emission - the releasing into the air and atmosphere of a gas or radiation
Kyoto Protocol - a protocol to the United Nations Framework Convention on Climate Change (UNFCCC or FCCC), aimed at fighting global warming and allowing carbon credits to be bought and sold (See Wikipedia)
protocol - guidelines on the correct way to behave in some formal or legal situation
rank - how high your performance is compared to others in a group
Clean Development Mechanism (CDM) - under the Kyoto Protocol allows a developing country to implement an emission reduction project (See Wikipedia)
commitments - promises
emission - the releasing into the air and atmosphere of a gas or radiation
Kyoto Protocol - a protocol to the United Nations Framework Convention on Climate Change (UNFCCC or FCCC), aimed at fighting global warming and allowing carbon credits to be bought and sold (See Wikipedia)
protocol - guidelines on the correct way to behave in some formal or legal situation
rank - how high your performance is compared to others in a group
Clean Development Mechanism (CDM) - under the Kyoto Protocol allows a developing country to implement an emission reduction project (See Wikipedia)
commitments - promises
Economics
Thailand moves into top 10 in CDM
Biogas projects make up most of 111 passed13/08/2010
Nareerat Wiriyapong
Thailand has become one of the world's top 10 players in Clean Development Mechanism (CDM) projects with 37 being registered with the United Nations Framework Convention on Climate Change (UNFCCC).
The Thailand Greenhouse Gas Management Association (TGO) has so far approved 111 CDM projects with a combined capacity to lower carbon dioxide (CO2) emissions of 6.95 million tonnes a year.
players
- an important company, person, or country in an industry ผู้ค้าคนสำคัญ
หรือผู้ค้ารายใหญ่
registered - officially recorded as a business with the government (and given permission to operate)
United Nations Framework Convention on Climate Change (UNFCCC) - a 1992 treaty with the goal of stabilizing "greenhouse gas concentrations in the atmosphere" at a level that would prevent human interference with the climate system (See Wikipedia)
Thailand Greenhouse Gas Management Association (TGO) - (See website)
capacity - the amount of something that can be produced ความสามารถในการ (ผลิต)
emissions - amounts of gas, heat, light, etc. that are sent out การปล่อยออกมา gases released into the air (from cars, factories, etc)
registered - officially recorded as a business with the government (and given permission to operate)
United Nations Framework Convention on Climate Change (UNFCCC) - a 1992 treaty with the goal of stabilizing "greenhouse gas concentrations in the atmosphere" at a level that would prevent human interference with the climate system (See Wikipedia)
Thailand Greenhouse Gas Management Association (TGO) - (See website)
capacity - the amount of something that can be produced ความสามารถในการ (ผลิต)
emissions - amounts of gas, heat, light, etc. that are sent out การปล่อยออกมา gases released into the air (from cars, factories, etc)
Of the total, 37 projects that altogether lower emissions by 2 million tonnes per year were endorsed by the UN agency, said TGO executive director Sirithan Pairoj-Boriboon...
endorsed
- officially approved รับรอง
executive - the highest level managers in a company
sector - a part of the economy (public sector = government, private sector = all businesses, household sector = families and consumers, banking sector,...) (See Wikipedia) ภาคเศรษฐกิจของประเทศ
executive - the highest level managers in a company
sector - a part of the economy (public sector = government, private sector = all businesses, household sector = families and consumers, banking sector,...) (See Wikipedia) ภาคเศรษฐกิจของประเทศ
CDM is the mechanism that allows industrialised nations to buy carbon credits from projects in developing countries to meet their emission reduction commitments under the Kyoto Protocol by 2012.
Carbon credits are used in emission trading schemes globally in forms of certified emission reduction credits (CERs).
Even though the total number of CDM projects in Thailand still lags behind that of Indonesia and Malaysia, both of which developed the sector prior to Thailand, the growth rate is bigger here, said Mr Sirithan.
mechanism - a
system or machine used to do some task
commitments - things you must do (because you promised to do them)
schemes - systems for achieving some goal
globally - throughout the world ทั่วโลก
certified - inspected officially and verified that the company follows the rules ผ่านการรับรองคุณภาพ
emission reduction credits (CERs) - a type of "carbon credit" commonly used around the world (See Wikipedia)
lags - is behind others, is slow ล้าหลัง
rate - the level or speed at which something happens or changes, or the amount or number of times it happens or changes in a particular period อัตรา
growth rate - the speed at which something gets bigger
commitments - things you must do (because you promised to do them)
schemes - systems for achieving some goal
globally - throughout the world ทั่วโลก
certified - inspected officially and verified that the company follows the rules ผ่านการรับรองคุณภาพ
emission reduction credits (CERs) - a type of "carbon credit" commonly used around the world (See Wikipedia)
lags - is behind others, is slow ล้าหลัง
rate - the level or speed at which something happens or changes, or the amount or number of times it happens or changes in a particular period อัตรา
growth rate - the speed at which something gets bigger
TGO figures indicated that 60% of CDM investments in Thailand are dominated by biogas projects with the rest biomass (20%), energy efficiency programmes and mini-hydro dam projects.
Solar energy has also gained ground with four projects were endorsed and 17 more in the pipeline, he said...
The TGO expects to endorse seven more projects at its meeting next week, bringing the overall CO2 emission reduction to 7.4 million tonnes yearly.
Thailand has been in the process of granting tax incentives to the CDM projects as the price of carbon credits has rebounded and is now quoted at 11-12...
figures
- statistics, numbers describing the economy
dominated - controlled ถูกควบคุม ถูกชักใย บงการ
biogas - a gas and biofuel produced by the biological breakdown of organic matter in the absence of oxygen, one type of biogas is "produced by anaerobic digestion or fermentation of biodegradable materials such as biomass, manure or sewage, municipal waste, and energy crops." (See Wikipedia) ก๊าซชีวภาพ
efficiency - waste little time, energy and resources in doing a task (minimize time, energy and resources in performing a task) (See glossary) การทำงานอย่างมีประสิทธิภาพ คุ้มค่าเวลาและใช้พลังงานหรือต้นทุนในการผลิตน้อย เพื่อให้ได้ผลผลิตมาก
energy efficiency - waste little electricity in doing a task
endorse - officially approve
meeting - when a group of people come together to discuss issues and make decisions การประชุม
granting - officially giving (changing ownership, not lending for a time period)
incentives - rewards for behaving in a certain manner สิ่งกระตุ้น
incentives - giving a reward for acting in a certain way รางวัล ผลตอบแทน
incentives - rewards to encourage certain actions ผลตอบแทน
rebounded - increased after decreasing (bounce = go down and then go up)
dominated - controlled ถูกควบคุม ถูกชักใย บงการ
biogas - a gas and biofuel produced by the biological breakdown of organic matter in the absence of oxygen, one type of biogas is "produced by anaerobic digestion or fermentation of biodegradable materials such as biomass, manure or sewage, municipal waste, and energy crops." (See Wikipedia) ก๊าซชีวภาพ
efficiency - waste little time, energy and resources in doing a task (minimize time, energy and resources in performing a task) (See glossary) การทำงานอย่างมีประสิทธิภาพ คุ้มค่าเวลาและใช้พลังงานหรือต้นทุนในการผลิตน้อย เพื่อให้ได้ผลผลิตมาก
energy efficiency - waste little electricity in doing a task
endorse - officially approve
meeting - when a group of people come together to discuss issues and make decisions การประชุม
granting - officially giving (changing ownership, not lending for a time period)
incentives - rewards for behaving in a certain manner สิ่งกระตุ้น
incentives - giving a reward for acting in a certain way รางวัล ผลตอบแทน
incentives - rewards to encourage certain actions ผลตอบแทน
rebounded - increased after decreasing (bounce = go down and then go up)
(Source: Thailand moves into top 10 in CDM, Biogas projects make up most of 111 passed, 13/08/2010, Nareerat Wiriyapong, link)
