CARBON MONITOR INDIA

CCX, CDM, VCU

November 04 2010 Update

CDM STATUS (Source: UNEP RISO)

CDM news:

In October 98 new CDM projects entered the CDM Pipeline.

The issuance of CERs in October was 10.2 MCERs.

UNEP projection for the number of CERs issued until the end of 2012 decreased from 976 MCERs to 954 MCERs. Of the 114 MCERs on the issuance waiting list the 77 MCERs are from projects with issuance requests under various stages of completeness check by the UNFCCC Secretariat.

The amount of CERs issued is now 450 Million CERs. The average issuance success is 96.2%. Only 802 out of the 2463 registered CDM projects have had issuance of CERs.

The share of projects that have requested registration that is registered automatically is increasing, meaning that the time delay from the review cycle is decreasing.

The CDM Pipeline now contains 5619 CDM projects after subtracting the 762 CDM projects where the DOEs terminated validation, the 162 where the DOEs gave a negative validation, the 173 projects rejected by the EB, and the 51 withdrawn projects. 207 are in the registration process.

One new PoA was submitted in October, increasing the number of PoAs to 59: “Sichuan Rural Poor-Household Biogas Development Programme” in China The data shows that the average approval time is 296 days for a full scale methodology, 188 days for a small-scale methodology, and 367 days for an A/R methodology.

Status of CDM projects Number At validation 2949 Request for registration 95 Request for review 60 Correction requested 28 Under review 24 Total in the process of registration 207 Withdrawn 51 Rejected by EB 173 Validation negative by DOE 162 Validation terminated by DOE 762 Registered, no issuance of CERs 1661 Registered. CER issued 802 Total registered 2463 Total number of projects (incl. rejected & withdrawn) 6767

Types of CDM projects by status At validation Request registration

Type (rejected projects excluded) Number kCERs 2012

kCERs Number kCERs 2012

kCERs Afforestation 8 400 1839 0 0 0 Agriculture 1 10 18 0 0 0

Biomass energy 399 27214 85364 12 973 2815 Cement 18 3635 10732 1 240 818

CO2 usage 1 5 17 0 0 0 Coal bed/mine methane 30 19028 58938 14 6386 18087

Energy distribution 19 5147 13265 1 230 633 EE households 44 1465 3784 7 155 375

EE industry 83 3958 10388 2 17 135 EE own generation 289 28695 91416 16 4284 12375

EE service 20 249 699 0 0 0 EE supply side 62 27794 50014 3 3475 600

Fossil fuel switch 71 19342 54333 6 3473 8771 Fugitive 23 7180 19094 2 1525 4026

Geothermal 4 320 1122 2 1198 3529 HFCs 1 18 68 0 0 0 Hydro 738 94255 204859 65 8163 20018

Landfill gas 140 15641 42360 9 1273 3390 Methane avoidance 270 16104 53195 9 349 854

N2O 10 2311 6353 0 0 0 PFCs and SF6 8 1747 3882 1 155 350 Reforestation 34 3960 9128 0 0 0

Solar 45 1552 2890 1 23 57 Tidal 0 0 0 0 0 0

Transport 28 3006 7178 1 218 491 Wind 603 49477 119146 55 6145 16451

Total 2949 332516 850084 207 38282 93775

Number of CDM projects in Asia by country

China50%

India33%

Malaysia3%

Vietnam3%

Thailand3%

Indonesia2%

South Korea

2%

Philippines2%

Pakistan1% Sri Lanka

0.5%

Others1%

Volume of CERs until 2012 in Asia by country

China67%

India20%

Malaysia2%

Vietnam1%

Thailand1%

Indonesia2%

South Korea5%

Philippines0.6%

Pakistan1%

Sri Lanka0%

Others0%

Top 20 CDM buyers Projects EcoSecurities 295 Tricorona Carbon Asset Management Sweden 175 EDF Trading 136 Vitol 124 Mitsubishi 105 RWE 99 Carbon Resource Management 99 AgCert 96 CAMCO 84 Danish Ministry of Climate & Energy 72 Noble Carbon 70 Trading Emissions 67 Bunge Emissions Group 65 MGM Carbon Portfolio 64 Cargill International 62 ENEL 61 KfW 58 Agrinergy 58 Kommunalkredit 57 Marubeni 56

Top 20 PDD consultants EcoSecurities

Beijing Tianqing Power International CDM Consulting

AgCert PricewaterhouseCoopers

CasperVanderTak

WB-CF CAMCO

Carbon Resource Management

CWEME Ecoinvest Agrinergy

Mitsubishi UFJ Securities Tsinghua University

Zenith Energy Services Easy Carbon

AGET

Econergy Hunan CDM Project Service Center

Senergy Global MGM

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RETIRED VOLUNTARY CARBON CREDITS (VCS) FROM INDIA

From Vintage To Vintage

VCU Quantity

Project ID Project Name

Issuing Registry

April-09 September-09 100 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

April-09 September-09 150 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

January-09 October-09 33000 404

Bundled Wind Power project in Tamil Nadu managed by Enercon India Limited – II APX

June-08 November-08 148 51 29.70 MW Wind Power project in Karnataka India APX

June-08 November-08 11 51 29.70 MW Wind Power project in Karnataka India APX

April-08 June-08 10 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

April-08 June-08 9 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

April-08 June-08 2 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

April-08 June-08 1150 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

January-08 May-08 352 109 8.25 MW Bundled Wind Power Project APX

January-08 December-08 3427 404

Bundled Wind Power project in Tamil Nadu managed by Enercon India Limited – II APX

January-08 October-08 30037 145

Enercon Bundled Wind power projects (2004 Policy) in Rajasthan APX

January-08 March-08 20264 127

Fuel switchover from higher carbon intensive fuels to Natural Gas (NG) at Indian Farmers Fertiliser Cooperative Ltd (IFFCO) in Phulpur Village, Allahabad, Uttar Pradesh by M/s Indian Farmers Fertiliser Cooperative Ltd (IFFCO) APX

January-08 March-08 2 127

Fuel switchover from higher carbon intensive fuels to Natural Gas (NG) at Indian Farmers Fertiliser Cooperative Ltd (IFFCO) in Phulpur Village, Allahabad, Uttar Pradesh by M/s Indian Farmers Fertiliser Cooperative Ltd (IFFCO) APX

January-08 December-08 1019 429 Grouped Wind Power Project in India TZ1 Limited

January-08 June-08 20769 37 ISLWASTE HEAT RECOVERY PROJECT APX

January-08 June-08 4492 37 ISLWASTE HEAT RECOVERY PROJECT APX

January-08 June-08 2597 37 ISLWASTE HEAT RECOVERY PROJECT APX

January-08 May-08 7226 346 Wind power project by GFL in Gudhepanchgani TZ1 Limited

September-07 June-09 4268 292

150 MW grid connected Wind Power based electricity generation project in Gujarat, India. APX

May-07 May-08 10508 285

Rice husk based Co generation project at Dujana unit of KRBL Limited

Caisse des Depots

May-07 December-07 11754 37 ISLWASTE HEAT RECOVERY PROJECT APX

April-07 December-07 15445 136 Tungabhadra Wind Power Project. APX

April-07 April-09 25453 306

8.5 MW Wind Energy Project by KS Oils Limited, India APX

April-07 March-08 9123 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

February-07 December-07 29649 346

Wind power project by GFL in Gudhepanchgani TZ1 Limited

January-07 October-07 100 1

7.25 MW wind energy project of Aruppukottai Sri Jayavilas Ltd APX

January-07 December-07 4239 109 8.25 MW Bundled Wind Power Project APX

January-07 March-07 1625 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

January-07 March-07 3035 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

January-07 March-07 5340 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

January-07 December-07 31616 145

Enercon Bundled Wind power projects (2004 Policy) in Rajasthan APX

January-07 April-07 4744 43

Fuel Switch from fossil fuel to renewable biomass for thermal energy applications in Rajasthan TZ1 Limited

January-07 December-07 79734 127

Fuel switchover from higher carbon intensive fuels to Natural Gas (NG) at Indian Farmers Fertiliser Cooperative Ltd (IFFCO) in Phulpur Village, Allahabad, Uttar Pradesh by M/s Indian Farmers Fertiliser Cooperative Ltd (IFFCO) APX

January-07 December-07 725 2 LITL's Wind Power Project at Tamilnadu TZ1 Limited

January-07 December-07 12015 2 LITL's Wind Power Project at Tamilnadu TZ1 Limited

October-06 December-06 2902 145 Enercon Bundled Wind power projects (2004 APX

Policy) in Rajasthan September-

06 December-06 1260 2 LITL's Wind Power Project at Tamilnadu TZ1 Limited

July-06 September-08 19964 132 9 MW Neria Hyrdroelectric project, Karnataka, India APX

April-06 December-09 550 423

2.225 MW wind power project in Tamil Nadu, India. APX

April-06 November-08 30171 170

22.5 MW grid connected wind farm project by RSMMLin Jaisalmer,India APX

April-06 November-08 31041 170

22.5 MW grid connected wind farm project by RSMMLin Jaisalmer,India APX

April-06 December-08 5322 134

3.9 MW Bundled renewable energy project in Tamil Nadu, India APX

April-06 December-08 926 134

3.9 MW Bundled renewable energy project in Tamil Nadu, India APX

April-06 December-08 866 134

3.9 MW Bundled renewable energy project in Tamil Nadu, India APX

April-06 December-08 207 134

3.9 MW Bundled renewable energy project in Tamil Nadu, India APX

April-06 December-08 448 134

3.9 MW Bundled renewable energy project in Tamil Nadu, India APX

April-06 December-06 1 147

9.75 MW WIND POWER PROJECT AT CHITRADURGA, KARNATAKA, INDIA BY ESWARI GROUP. APX

April-06 March-07 21222 101

Bagasse based Co-generation Power Project at Khatauli APX

April-06 December-07 14281 429 Grouped Wind Power Project in India TZ1 Limited

March-06 June-08 1 297

Generation of Electricity from 3.2 MW Capacity Wind Mills by Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra

Caisse des Depots

March-06 June-08 7466 297

Generation of Electricity from 3.2 MW Capacity Wind Mills by Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra

Caisse des Depots

March-06 June-08 80 297

Generation of Electricity from 3.2 MW Capacity Wind Mills by Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra

Caisse des Depots

March-06 June-08 88 297

Generation of Electricity from 3.2 MW Capacity Wind Mills by

Caisse des Depots

Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra

March-06 June-08 30 297

Generation of Electricity from 3.2 MW Capacity Wind Mills by Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra

Caisse des Depots

March-06 June-08 11219 431 6.2 MW Bundled Wind Power Project in India TZ1 Limited

March-06 December-06 1020 43

Fuel Switch from fossil fuel to renewable biomass for thermal energy applications in Rajasthan TZ1 Limited

March-06 December-06 12574 43

Fuel Switch from fossil fuel to renewable biomass for thermal energy applications in Rajasthan TZ1 Limited

January-06 December-06 2561 109 8.25 MW Bundled Wind Power Project APX

January-06 December-06 2910 128

Promotion of Low cost Irrigation Device in Eastern States of India APX

October-05 March-06 12220 101

Bagasse based Co-generation Power Project at Khatauli APX

August-05 December-05 1495 68

119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited TZ1 Limited

August-05 December-05 722 68

119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited TZ1 Limited

August-05 December-05 5 68

119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited TZ1 Limited

August-05 December-05 1000 68

119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited TZ1 Limited

August-05 December-05 695 68

119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited TZ1 Limited

May-05 July-07 16500 387

Electricity generation by utilization of waste heat from calcined petroleum APX

coke production process

January-05 December-05 1404 364 Bundled 15 MW Wind Power Project in India TZ1 Limited

January-05 December-05 1054 128

Promotion of Low cost Irrigation Device in Eastern States of India APX

January-04 December-06 15000 469

Installation of Low Green House Gases (GHG) Emitting Rolling stock cars in Metro System APX

January-02 December-02 4000 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

July-01 December-01 35 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

July-01 December-01 80 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

July-01 December-01 5 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

July-01 December-01 22000 93 86 MW Hydro Project in Himachal Pradesh

Caisse des Depots

CHICAGO CLIMATE

EXCHANGE Qty Price

Trade Date Vintage (contracts) (per metric ton) Type of

Transaction CFI

Delivered

10/01/10 2010 4 $5.00 Non-Platform

USA Agricultural Methane

10/01/10 2009 19 $5.00 Non-Platform

USA Agricultural Methane

10/01/10 2009 1 $5.00 Non-Platform

USA Agricultural Methane

10/01/10 2009 3 $5.00 Non-Platform

USA Agricultural Methane

10/01/10 2009 12 $5.00 Non-Platform

USA Agricultural Methane

10/01/10 2009 5 $5.00 Non-Platform

USA Agricultural Methane

10/01/10 2009 16 $5.00 Non-Platform

USA Agricultural Methane

10/01/10 2010 5 $5.00 Non-Platform

USA Agricultural Methane

10/01/10 2009 15 $5.00 Non-Platform

USA Agricultural Methane

10/01/10 2005 35 $0.10 Non-Platform Allowance

10/08/10 2009 3 $2.75 Non-Platform

USA Agricultural Methane

10/15/10 2009 14 $2.75 Non-Platform

USA Agricultural Methane

TOTAL 132

KEY DATA