Kyoto Protocol hits 1bn-tonne CO2 reduction target

The Pioneer , Monday, June 12, 2006
Correspondent : Staff Reporter
Efforts to reduce carbon dioxide (CO2) emissions reached a landmark by reaching a target reduction of one billion tonnes of emission reduction by 2012.

Emission reductions from Kyoto Protocol's Clean Development Mechanism (CDM) estimated to generate more than one billion tonnes of emission reductions by the end of 2012, according to the UN Climate Change Secretariat in Bonn.

Carbon dioxide is the main cause of global warming and industrialised countries have undertaken voluntary carbon dioxide reduction targets recently.

In addition to the implementation of climate-friendly policies at home, the 1997 landmark treaty allows industrialised countries to meet their emission targets through the treaty's flexible mechanisms.

The CDM allows industrialised countries to generate emission credits through investment in emission reductions projects in developing countries, where it is cost-effective to do so.

India is one of the major destinations for investment under the CDM mechanism in renewable energy and energy efficiency. The mechanism allows for the donor to accumulate certified emissions reduction.

For example, if a project generates energy using wind power instead of burning coal, it can save 50 tonnes of carbon dioxide per year. There it can claim 50 cers (as one cer is equivalent to one tonne of carbon dioxide reduced).

More than 800 projects are at present in the pipeline, of which 210 are registered and another 58 are requesting registration.

Last year, only around 140 activities were registered or being considered for registration.

 
SOURCE : The Pioneer, Monday, June 12, 2006
 


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