India all for CDM

even as preparations were underway to host the eighth conference of parties (cop-8) on climate change, India sprang a surprise by endorsing six renewable energy projects under the clean development mechanism (cdm) of the Kyoto Protocol. The projects, with a total power generation capacity of 75 mega watt (mw), would be set up with the assistance of Netherlands under cdm, which enables developed countries to meet their greenhouse gas (ghg) emission reduction targets by investing in clean projects in a developing country. ghg reduction is measured in terms of certified emission reductions (cers), which are credited into the account of the country providing the technology and the finances.

The six companies of these projects have received the letter of endorsement (loe) from the Union ministry of environment and forests (mef) and their project design document will now be assessed by The Netherlands through Certified Emission Reduction Unit Procurement Tender (cerupt), which is implementing cdm for the Dutch government.

"Based on the presentations made by the companies in the month of November 2002, the cdm projects will be finalised,' says Shalini Prakash of New Delhi