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Emission Reduction
Benefits
Climate Change has been
identified as one of the greatest challenges facing Nations, Governments,
Business and citizens over upcoming decades. Climate Change has implications
for a number of earth systems; natural, human and economic and could lead
to significant changes in resource use, production and economic activity.
In response International, National, Regional and Local initiatives are
being developed and implemented to limit Green House Gas (GHG) concentrations
in the earth atmosphere. Many GHG initiatives rely on the quantification,
monitoring, reporting and verification of GHG emissions.
The International agreement under the Kyoto Protocol was ratified by the international community early this year and has come into force from 16 February 2005. Both Canada and India are signatories of this protocol. The protocol makes it obligatory for the 37 developed countries to reduce their emissions of six deadly green house gases-including carbon-di-oxide. These 37 countries which accounted for 61.6 percent of global carbon-di-oxide emissions in 1990, have to reduce them by an average of 5.2 percent below the 1990 levels by 2012. They can do this by a combination of direct domestic action or by taking and supporting initiatives in the developing countries. The rationale behind this is that cutting green house gas emissions in any part of the world is a good thing. By supporting others to cut emissions, developed nations ensure reductions at costs lower than in their own countries while developing countries like India benefit from Technology Transfer.
The CIDA-CANMET-HVFAC project funded by the Climate Change Cell of Canada intends to promote a Technology that not only provides operational benefits but also promotes Sustainable Development and Climate Change benefits through reduction in Green House Gas emissions
The project thus has supported the initiative taken by HCC to develop a CDM project for all their projects where HVFAC Technology has enabled to achieve GHG emission reductions
The entire CDM based approach includes the following steps :
1.Identify a Project that could reduce emission of GHG's
2.Get Approval from Designated National Authority (In India it is Ministry of Environment & Forests)
3.A third party agency (Designated Operational Entity - DOE) recognized by the CDM Executive Board(CDMEB) of the UNFCCC must validate the Project Design Document (PDD)
4.The DOE forwards the PDD to CDMEB which registers it
5.A monitoring mechanism to check the GHG emissions at the project is evolved
6.This is verified by another agency which certifies reduction
7.A buyer for the reduced emissions is identified
8.The CDMEB then issues the "Certified Emission Reductions" (CER's) for the project that are traded in exchange for money
9.The Project is governed by stringent guidelines and monitoring.
To access HCC's Project Design Document supported by the CII-CANMET-CIDA HVFAC Project please click here
For further details you may visit http://www.hccindia.com/cdm.htm.
The International agreement under the Kyoto Protocol was ratified by the international community early this year and has come into force from 16 February 2005. Both Canada and India are signatories of this protocol. The protocol makes it obligatory for the 37 developed countries to reduce their emissions of six deadly green house gases-including carbon-di-oxide. These 37 countries which accounted for 61.6 percent of global carbon-di-oxide emissions in 1990, have to reduce them by an average of 5.2 percent below the 1990 levels by 2012. They can do this by a combination of direct domestic action or by taking and supporting initiatives in the developing countries. The rationale behind this is that cutting green house gas emissions in any part of the world is a good thing. By supporting others to cut emissions, developed nations ensure reductions at costs lower than in their own countries while developing countries like India benefit from Technology Transfer.
The CIDA-CANMET-HVFAC project funded by the Climate Change Cell of Canada intends to promote a Technology that not only provides operational benefits but also promotes Sustainable Development and Climate Change benefits through reduction in Green House Gas emissions
The project thus has supported the initiative taken by HCC to develop a CDM project for all their projects where HVFAC Technology has enabled to achieve GHG emission reductions
The entire CDM based approach includes the following steps :
1.Identify a Project that could reduce emission of GHG's
2.Get Approval from Designated National Authority (In India it is Ministry of Environment & Forests)
3.A third party agency (Designated Operational Entity - DOE) recognized by the CDM Executive Board(CDMEB) of the UNFCCC must validate the Project Design Document (PDD)
4.The DOE forwards the PDD to CDMEB which registers it
5.A monitoring mechanism to check the GHG emissions at the project is evolved
6.This is verified by another agency which certifies reduction
7.A buyer for the reduced emissions is identified
8.The CDMEB then issues the "Certified Emission Reductions" (CER's) for the project that are traded in exchange for money
9.The Project is governed by stringent guidelines and monitoring.
To access HCC's Project Design Document supported by the CII-CANMET-CIDA HVFAC Project please click here
For further details you may visit http://www.hccindia.com/cdm.htm.
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