SBI seeks CDM consultants to earn carbon credits | Latest News India - Hindustan Times
close_game
close_game

SBI seeks CDM consultants to earn carbon credits

PTI | By, New Delhi
Jul 27, 2008 03:34 PM IST

Country's largest public sector lender State Bank of India is looking for energy consultants to save power and earn carbon credits.

Country's largest public sector lender State Bank of India is looking for energy consultants to save power and earn carbon credits.

HT Image
HT Image

As part of its exercise to go green, the SBI has invited applications from Clean Development Mechanism (CDM) consultants for energy saving projects.

Hindustan Times - your fastest source for breaking news! Read now.

The consultants will advise SBI on usage of energy efficient devices in its buildings and help the bank earn carbon credits as per the Kyoto Protocol.

As per the protocol, the CDM allows the industrialised countries with a greenhouse gas reduction commitment to invest in projects that reduce emissions in developing countries. It is an alternative to more expensive emission reduction in their own countries.

Carbon credits are the key component for emission trading schemes, that mitigate global warming and can be used finance carbon reduction schemes around the world.

The prospective consultants, SBI said on its website, "should have adequate exposure for earning CDM projects for earning Carbon Credits, assuming overall responsibility for the CDM projects of 7500 CERs (Certified Emission reductions) and above."

SBI is proposing to earning carbon credit by using power condition-cum-energy saving devices in light and fan circuits in large buildings, the bank said.

The CDM consultants can send their applications to SBI by August 5.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On