Delhi Metro earns UN praise, Rs 47 cr in carbon credits
The Delhi Metro has become the world’s first Metro rail and rail-based system to earn carbon credits — Rs 47 crore annually for the next seven years. HT reports.delhi Updated: Sep 26, 2011 02:36 IST
The Delhi Metro has become the world’s first Metro rail and rail-based system to earn carbon credits — Rs 47 crore annually for the next seven years.
The United Nations has hailed the Delhi Metro Rail Corporation (DMRC) for helping reduce pollution levels in Capital by 6.3 lakh tonnes a year.
“DMRC has helped in reducing emission of harmful gases and the UN body under the Kyoto Protocol has certified this,” said Delhi Metro spokesperson Anuj Dayal. As many as 20 lakh people use the new-age pollution-free transport system a day, he said.
The figure of Rs 47 crore may go up with the increase in number of passengers.
Carbon trading was first set up under the Kyoto Protocol, a UN initiative aimed at fighting global warming. Countries or companies can make up part of their emissions-cutting targets by funding projects that reduce greenhouse gas output. The projects are awarded carbon credits — each representing a tonne of carbon avoided — that can be bought by companies or governments.
No other Metro in the world has been able to get carbon credits as the conditions set by the world body are stringent.