The Kyoto Protocol (KP) was signed in 1997 to tackle climate change by reducing global emissions of the greenhouse gases (GHGs). The principle of KP is that wherever in the World GHGs are emitted, the impact on the climate will be same. As per the KP, developed countries (called as Annex I countries) have emission reduction targets to achieve in certain time frame. These targets can be achieved with own efforts or through trading of Certified Emission Reductions (CERs) generated from various environment friendly projects, in developing countries (called as non Annex I countries). Trading means paying someone to reduce equivalent CO2 in the atmosphere by the same amount that your activities add. In this way, you can ‘neutralize’ or ‘balance’ the equivalent CO2 added by your activities.
EIA Study, RA Study, Environmental Appraisal & Audits
Rapid industrialization around the world during the twentieth century has led to alarming rise in the emissions of Greenhouse Gases in the atmosphere, leading to human induced (anthropogenic) climate change, which poses the severest threat to world ’s ecosystems and human civilization. To reduce this catastrophic global warming phenomena most of the countries around the world came together to form Kyoto Protocol (KP) under the United Nat ions Framework Convention on Climate Change (UNFCCC).
The Kyoto Protocol has a few flexibility mechanisms like Emission Trading, Joint Implementation and Clean Development Mechanism (CDM). CDM is mainly meant for partnership between developed and developi ng countries for reduction in Greenhouse Gas (GHG) (CO2, CH4, N2O, HFCs, PFCs and SF 6) emission. As per the CDM, developing countr ies like India, who do not have any legally binding target in reduction of GHG , under the Kyoto Protocol, can invest and develop various energy efficient technologies and procedure s which are well above the Business As Usual (BAU) scenario of the country, and in return the Emission Reductions will be calculated and certified by CDM Executive Board at UNFCCC, for sale in the open market which the Developed Country parties are eager to purchase to compensate their domestic activity to meet the legally binding GHG emission reduction commitment (average 5.2% of their 1990 missions by 2012) they have under Kyoto Protocol.
Basically CDM is a market based mechanism which the developed country parties use to invest in high efficiency GHG mitigation projects in developing countries like India. In the process, the developing countries’ project developers will be benefited by additional revenue generation through sale of emission reductions. It helps developing countries’ industries to adopt latest energy efficient and environment friendly technologies , which otherwise are not financially attractive or viable to invest in . This will ultimately help them to leap frog technological development and to be competitive in the global market. On the other hand, developed country acquires a share of Certified Emission Reductions it can use to meet its emissions reduction commitments at home.
CDM Project Due -diligence & Project Development
Identification of potential projects for CDM /CCX/VCS (Voluntary Market) participation.
Techno-commercial due -diligence of the identified projects to select the most viable. ones.
Project Idea Notes (PINs) and Project Design Documents (PDD) as per UNFCCC format.
Determination of suitable methodologies for Baseline determination.
Development of Monitoring & Verification plan.
Institutional & Regulatory Approvals
Facilitate approval by host country (India) by its Designated National Authority (DNA).
Identification of Designated Operational Entity (DOE) for Project validation.
Facilitation of validation procedure with DOE.
Apply for Registration at UNFCCC - CDM Executive Board.
Facilitate the registration procedure.
Identification of DOE for monitoring and verification.
Residual analysis: pesticide, antibiotics, drugs, mycotoxin, etc.
Facilitation of yearly monitoring & verification procedure.
Carbon Selling / Trading Solutions
Facilitate identification of suitable buyers of CERs (Certified Emission Reductions) / VERs (Verified Emission Reductions)/ VCUs (Voluntary Carbon Units)/ CFIs (Carbon Financial Instruments) in the best interest of project developer.
In essence, we offer complete Compliance and Voluntary market consultancy services from supporting the Initial project identification, development stage, right through to Registration and also facilitate the Implementation, Monitoring, Verification & Sale of quality emission reduction credits. We provide a complete end to end solution for your carbon assets management.