POSITION OF INDIA
SOCIO POLITICAL RELATIONS CARBON CREDIT
UNDER THE GUIDANCE OF Dr. SWAROOP REDDY Prof.SUDHINDRA
PRESENTED BYDEVASHREE MARDIKARRAJAT KARESAMBASIVA RAO GANESH
What is Carbon?Chemical element of atomic number 6, a non-metal
which has two main forms (diamond and graphite) and which also
occurs in impure form in charcoal, soot, and coal.
What is Carbon Credit?A permit that allows the holder to emit
one ton of carbon dioxide.
What is Carbon Trade?Ability of individual companies to
tradepolluting rights through a regulatory system known as cap and
trade
Birth of Carbon CreditThe burning of fossil fuels is a major
source ofgreenhouse gas emissions
The major greenhouse gases emitted by these industries arecarbon
dioxide,methane,nitrous oxide, hydrofluorocarbons (HFCs), etc
The concept of carbon credits came into existence as a result of
increasing awareness of the need for controlling emissions
Carbon credit and IndiaHas no emission targets to be
followed
A strong supplier ofCarbon Credits
Considered as one of the most potential countries in the world
for CDM projects.
The total expected average annual CERs from registered projects
by India are about 22 million having a 15% world share
BENEFITS FOR INDIA By, switching to Clean Development Mechanism
Projects, India has a lot to gain fromCarbon Credits:
a) It will gain in terms of advanced technological improvements
and related foreigninvestments.
b) It will contribute to the underlying theme of green house gas
reduction by adoptingalternative sourcesof energy
c) Indian companies can make profits by selling the CERs to the
developed countries to meet their emission targets.
Initiatives by IndiaThe Delhi Metro Rail Corporation has become
the first rail project in the world to earncarbon creditsbecause of
using regenerative braking system in its rolling stock.
DMRC has earned thecarbon creditsby using regenerative braking
system in itstrainsthat reduces 30% electricity consumption.
Similarly, Himachal Pradesh has earned Rs 1.93 crore through
carbon credits under bio-carbonproject for implementing the climate
change mitigation Project under the Kyoto Protocol.
Indian Carbon TradersCompaniesProjectCERs (units)Estimated
Amount ReceivableTorrent Power AECEnergy
Efficiency11900752199.9Gujarat Fluro ChemicalsGas
Capture338007656.8Indian AluminiumGas Capture255334442.9Lanco
GroupFuel Switching228947838.5Jaypee AssociatesEnergy
Efficiency108446918.2Chennai Petroleum RefineriesEnergy
Efficiency101000017.0Balrampur ChiniRenewables93628915.7Orissa
Sponge IronEnergy Efficiency4245497.1Indo Gulf CorporationEnergy
Efficiency2452564.1Grasim IndustriesEnergy Efficiency2422704.1
CARBON TRADING IN INDIAN SCENARIOIndia has evolved as a great
player in the global carbon credits market. Originator, developer
and trader of carbon credits are setting up offices in India. As
per the data by FICCI As of 28th February 2015, India and China had
7,598 approved CDM projects. India had 1520 approved CDM projects
.These,2279.4 were registered with the united nations framework
convention on climate change. Around 50 per cent of the registered
projects are in China and India hosts 20 per cent of all projects
.
Number of Projects Registered, by year
Most of the CDM projects in India are concentrated in a few
sectors, namely, those related to the renewable energy sector . The
maximum number is in the wind energy sector. CDM PROJECTS IN INDIA
TYPE ,AS OF MARCH 1,2015
FUTURE SCOPE India's huge potential for generation and sale of
CERs needs to be harnessed
Need for a transparent platform that will help buyers and
sellers get a fair deal and reduce the margins of the
intermediaries to reflect the economic value-addition
With technology at India's side, it is time the country
leveraged it for a sustained growth of the carbon credit market
The MCX-CCX (Chicago Climate Exchange) tie-up is expected to
ensure better price discovery of carbon credits
