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Role of the Clean Development Mechanism (Cdm) in the Development of National Energy Industries

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  • Mayuri R. Naik
  • Anju Singh
  • Seema Unnikrishnan
  • Neelima Naik

Abstract

Clean Development Mechanism (CDM) is an agreement under the Kyoto Protocol (1997) allowing industrialized (Annex-I) countries with Greenhouse Gas emission reduction commitment to invest in or finance projects that reduce emissions in developing countries using clean technologies. Under CDM, for every tonne of CO 2 that does not enter into the atmosphere, a developing (Non-Annex-I) country earns one carbon credit which can be further sold to developed countries (Annex-I) through the international carbon market. Developed countries exchange these credits in terms of money and technology transfer with developing countries to meet their GHG emission reduction targets. 7391 CDM projects were registered worldwide by November 2013, out of which 6205 (84%) are under energy industry sector. India is contributing 828 (13%) CDM projects with estimated emission reduction of 69,156,926 metric tonnes of CO 2 e. By the end of the first commitment period (2012), 19,061,210 metric tonnes of CO 2 e emission reduction was achieved. The estimated range of annual CDM-generated revenue in India varies between US$10 and 330 million (Birla et.al. 2012). India has the second largest number of CDM projects in the world. The National Clean Development Mechanism Authority (NCDMA) is the Designated National Authority (DNA) which was set up to evaluate and approve CDM projects. This paper provides a probing insight into these projects, and the methodologies used in order to achieve emission reduction by Indian industries.

Suggested Citation

  • Mayuri R. Naik & Anju Singh & Seema Unnikrishnan & Neelima Naik, 2014. "Role of the Clean Development Mechanism (Cdm) in the Development of National Energy Industries," Energy & Environment, , vol. 25(2), pages 325-342, April.
    • Handle: RePEc:sae:engenv:v:25:y:2014:i:2:p:325-342
    DOI: 10.1260/0958-305X.25.2.325
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    References listed on IDEAS

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    1. Igor Shishlov & Valentin Bellassen, 2012. "10 lessons from 10 years of the CDM," Working Papers hal-01151437, HAL.
    2. Rout, Ullash K., 2011. "Prospects of India's energy and emissions for a long time frame," Energy Policy, Elsevier, vol. 39(9), pages 5647-5663, September.
    3. Shrestha, Ram M. & Abeygunawardana, A.M.A.K., 2007. "Small-scale CDM projects in a competitive electricity industry: How good is a simplified baseline methodology?," Energy Policy, Elsevier, vol. 35(7), pages 3717-3728, July.
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    Cited by:

    1. Anju Singh & Seema Unnikrishnan & Mayuri Naik & Sayee Sayanekar, 2019. "CDM implementation towards reduction of fugitive greenhouse gas emissions," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(2), pages 569-586, April.

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