Analysis of CDM projects in Indian agriculture sector

Agriculture is one of the biggest contributors to our GDP and can easily take advantage of the Clean Development Mechanism (CDM) under the Kyoto Protocol to earn carbon credits and generate an additional revenue source. This market based mechanism allows developed countries to meet their emission targets by implementing projects in territory of other under-developed countries. The carbon credits generated as a result of these projects can be traded in the market. (Know more about CDM) Agriculture is one of40

Introductory Guide on A/R CDM Project execution- Part 1

Afforestation and reforestation (A/R) is a complex class of CDM with only 27 registered projects across the globe. Out of these, five projects are from India. There are 7 small scale methodologies, 11 large scale methodologies and 2 consolidated methodologies for developing carbon credit projects in the Afforestation/Reforestation scope. As per my understanding, CDM operates around rules and regulation which are known as Modalities and Procedures in CDM technical terms. Following few paragraphs take you on the tour of A/R40

Forest Carbon- India’s first A/R CDM project

Project Title: Small Scale Cooperative Afforestation CDM Pilot Project Activity on Private Lands Affected by Shifting Sand Dunes in Sirsa, Haryana. Sr. No Introductory Information (Pre-Project info) 1 Exact Location Sirsa, Western belt of Haryana (255 Km from New Delhi). The Sirsa district lies between 29° 14″ and 30° 0″ north latitude and 74° 29″ and 75° 18″ east longitude, forming the western corner of Haryana, bordering the desert of Rajasthan in India 2 Area 369.87 ha 3 Implementation body40

Forest Carbon-ITC Social Forestry Project, Khammam

Project Title: Reforestation of severely degraded landmass in Khammam District of Andhra Pradesh, India under ITC Social Forestry Project Sr. No Introductory Information (Pre-Project info) 1 Exact Location Khammam district, Andhra Pradesh, The project activity is located in the tribal belt of the catchment area of river Godavari. The site is located at the intersection of longitude 80°52’05” E and latitude 17°41’19” N 2 Area 3070.19 hectares 3 Implementation body The Paperboards and Specialty Papers Division (PSPD), Unit: Bhadrachalam of40

ICFRE can now validate and verify A/R CDM projects

Indian nodal agency for the national forestry research system, Indian Council of Forestry Research and Education (ICFRE), Dehradun has been accredited by the United Nations- Clean Development Mechanism (CDM) Executive Board to validate and verify CDM projects under the afforestation and reforestation sector.  The news came out just after the 59th CDM executive board meeting on 14th -18th Feb 2011 held at Bonn, Germany. Validation and verification of CDM project is carried out by the Designated Operational Entity (DOE). DOE40

REDD+

World’s first REDD credits issued under the VCS

On Feb 2011, world’s first Reduced Emissions from Deforestation and Forest Degradation (REDD) credits were issued under the VCS. This news has come out just after the announcement of changing VCS’s title from Voluntary Carbon Standard to Verified Carbon Standards. This project generated approximately 1.45 million credits for its first six-year monitoring period (One credit=1 ton of CO2). As per the news on VCS website, these credits were issued to the Kasigau corridor REDD project – Phase I, developed by40

Carbon can be traded again

European Union reopened world’s largest carbon trading market on first week of this month. It had been suspended after the cyber attack on 19th Jan 2010 on different National registries. (Read full story here). Hackers have succeeded to steal up to two million European Union Allowances (One EUA = About 13 Euro) from the Czech national carbon registry along with Greece, Estonia, Poland and Austria. First five registries France, Germany, Netherlands, Slovakia and Britain took initiative to reopen followed by40

Computer hackers are now active on Carbon markets

As per the IOL news, hackers stole million tonnes of carbon credits from the European Union Emission Trading Scheme (EU-ETS). Online auctioning for the carbon credits is not safe now. As a result 27 European States were shut down their national registries for a week. Reports further state that the volume of the credits comes around millions of Euros and stolen from Czek Republic. Understanding the Carbon trading: Cap and trade system provide market based approach to trade the GHG40