Financial Daily from THE HINDU group of publications
Saturday, Oct 22, 2005
Financial Daily from THE HINDU group of publications Saturday, Oct 22, 2005 |
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Announcements Industry & Economy - Environment Kalpataru Power, first Indian co to get carbon credit Our Bureau
New Delhi , Oct 21 KALPATARU Power Transmission Ltd's (KPTL) Rajasthan project, where it generates electricity generation from mustard crop residues, on Friday became the first Indian project and the third project worldwide to which the UN panel issued carbon credits under the Kyoto Protocol. The Executive Board of the Clean Development Mechanism (CDM) had issued the first ever carbon credits or certified emission reductions (CERs) under the Kyoto Protocol. These credits were issued for two hydroelectric projects in Honduras, said a statement. CERs are generated by climate-friendly, sustainable development projects in developing countries. They can be used by developed country Governments and companies to meet their reduction commitments under the Kyoto Protocol. They can be traded and amount to one tonne of carbon dioxide equivalent. KPTL's Rajasthan project was the one of the top few Indian projects that were registered by the CDM panel at the United Nations Framework Convention for Climate Change.
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