The recent report “Rs 15,000 cr Carbon credits await India Inc” in economictimes. indiatimes. com has an interesting information that INR 15,000 crore will be the Carbon credits sale proceeds by 2012 for India, provided the projects approved by the National CDM Authority get approved by the CDM Executive Board. Quoting the data compiled by industry body Ficci, it mentioned that 599 projects were approved by National CDM Authority by mid-April, 2007. The number of projects approved by national authority are biomass (197), energy efficiency (166) and renewable energy (151) . The list of Potential carbon credit volume contribution by type of projects is lead by energy efficiency (11.33 crore), with industrial process (0.97 crore) and biomass (0.61 crore) following. Region/State wise ranking of approved projects are 1) UP: 69 2) AP: 68 and 3) Maharashtra:68. As on 26 June, 20007 713 projects are approved by CDM executive Board with expected 151,970,186 (42.8% 0f Total) annual average CERs and more than 960,000,000 Expected CERs until end of 2012. In the list of expected average annual CERs by host party, China is leading with average annual reductions of 65,036,178 with 90 projects. India has 250 projects (35.06%) approved with average annual reductions of 22,998,713.
Source: 1) economictimes.indiatimes.com 2) unfccc.int

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