Ecosecurities announces CDM awareness project in Rajasthan

Jaipur, Sep 14 (UNI) EcoSecurities, a leading green house gas advisory firm, has announced the launch of the Clean Development Mechanism (CDM) awareness project in Rajasthan in collaboration with UK today.

Clean Development Mechanism (CDM), one of the flexible mechanisms following the Kyoto Protocal, offers the industrialised countries the possibility to engage in economically and enviornmentally competitive emission reduction projects in developing countires.

Mr Pranab Nahar, Managing director, EcoSecurities, while announcing the launch of the project here said there was a huge benefit for the small and medium enterprises (SMEs) in taking up the CDM projects under the recently ratified Kyoto Protocal. He said, ''It is a new revenue source for companies implementing clean development projects by trading carbons''.

Mr Nahar said till now SMEs sector has been neglected by the carbon market despite the fact that it constitutes about 40 per cent of the Indian industry. He said Rajasthan, Maharashtra and Gujarat have the potential to generate 50 per cent of certified emission reductions (CER) units from grassroot's level activity.

He said an obstacle to small projects in SME industries, the transaction costs, which makes investment in cleaner technologies a high risk proposition has been taken care of with the Global Opportunities Fund that will eliminate the risk involved in the CDM process.

The project aimed at grassroot's CDM awareness generation is a two and a half year programme under which project developers in Rajasthan could seek benefits under various schemes and projects, he said.

Mr Clifford Polycarp, programme mnanager , Climate Change and Energy of the British High Commission was also present.

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