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Clean Development Mechanism for Indian Industry
The Global Opportunities Fund (GOF) of the United Kingdom Foreign and Commonwealth Office has funded a major capacity building CDM projects for India Industry.The UK government has entrusted an organisation to implement the project by helping Indian Industry to switch over to CDM. All upcoming projects in major industrial sectors like chemicals and fertilisers, iron and steel, cement and heavy engineering and automotive, pulp and paper can soon expect an additional benefit from their investment in eco-friendly process technologies through the new project.The same is applicable to all modernisation and expansion projects of existing companies if the outcome is reduced carbon emission. The India focused CDM project, focuses on how the CDM can be accessed by Indian industry and how carbon credits can affect project financing.
Indian has reduced growth of Greenhouse Gas Emissions
Economic restructing, enforcement of existing air pollution laws by the Supreme Court of India and renewable energy programmes has helped India to reduce the growth of its green house gas(GHG) emissions over the past decade. In all, 110 million tonnes of carbon dioxide, one of the main gases said to be leading to global warming , has been mitigated in India, says a new report from the US-based Pew centre for Global Climate Change. The mitigation programmes of Six developing countries - India, Brazil, China, Mexico, South Africa, and Turkey reduced the growth of these countries combined GHG emissions by nearly 300 million tones a year which could have been 19% higher than they are today.The USA contributes almost a fourth of the world's total GHG emissions; but its US $150 million energy and environment programme with India contributed more than 10% of the total carbon dioxide avoided since 1996.
Future of Kyoto?
UN Secretary-General Kofi Annan has called on all countries that have not yet ratified the Kyoto Climate Protocol to do so, in order to combat the impacts of global warming that are already being felt across the planet. He was addressing a conference in last week of March 2004; without naming them, he was referring to Rusia, which has not yet made its Kyoto Protocol decision, and to the United States, which has withheld its ractification under the present Government.
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