Carbon emissions control to benefit Maharashtra
MEDA's wind mill power project at chalakewadi in Satara district of western Maharashtra was recently registered with UNFCCC, reports Yogesh Joshi .india Updated: Feb 09, 2007 16:57 IST
By preventing carbon emissions thus helping the environment, the Maharashtra Energy Development Agency (MEDA) stands to earn internationally-accepted "carbon credits" which will allow it to enter into preferential trade agreements worth Rs 1 to 1.5 crore with developed nations.
Government of Maharashtra Undertaking MEDA's endeavors to meet global standards has helped it earning yearly 6973 "carbon credits" after it followed non-conventional energy methods at its wind mill power plant.
MEDA's wind mill power project at chalakewadi in Satara district of western Maharashtra was recently registered with United Nations Framework Convention on Climate Change (UNFCCC), a convention of 189 countries, set up to address the problems created by green house gases.
And an endorsement from executive board of Clean Development Mechanism (CDM), which is under UNFCCC, MEDA's 37.5 mw project at Chalakewadi, has been selected for carbon credits.
Dr Sudhir Kumar, director general, MEDA, told Hindustan Times that "The proposal sent by MEDA to CDM executive board has been selected for the earning carbon credits and we hope to get carbon credits for our chalkewadi plant very soon". Single 'Carbon Credit' will fetch around nine Euros.
"We have already begun the process of opening holding account for the trading of carbon credits. And Considering the production of 3.75 mw of power at Chalakewadi, we expects to get around 20 lakhs annually", said HM Kulkarni, project executive at MEDA. Kulkarni further added that "the money will come till 2012, when Kyoto protocol will come into existence."
A consultant appointed by International body on 'Carbon Credit' had recently visited the Chalakewadi plant to oversee the project's power generation, Kulkarni informed.
The Kyoto Protocol encourages projects that promote sustainable developments in developing countries, while limiting emissions at the same time.
Under the Kyoto Protocol, developed countries have to reduce emissions as compared to 1990 levels from 2008-2012.
If the nations cannot do so, they can buy carbon points (carbon credit) from developing countries.
In this way, carbon credits are like a unit of trading, as gold or stock shares, which can be en-cashed from developed countries.
Third world countries can accumulate carbon credit by following environment-friendly practices like reducing the usage of cement in concrete, and afforestation.
In this case, MEDA, which is first government agency to win carbon credits, reduced the carbon emission by using natural resources like wind as factor to generate power. This helped the agency to put up its case about minimizing the emission.
During the power generation by conventional ways, Coal, Uranium is used on large scale. And these elements releases high amount of carbon dioxide.
So if an organisation by using non conventional ways reduces the emission of carbon dioxide and therefore, the resultant pollution in the atmosphere, it earns carbon points, which later can be encashed from developed countries.