Delhi metro earned Rs. 19.5 crore from Carbon credits

Delhi metro earned Rs. 19.5 crores from Carbon credits

Read the complete topic on Climate change on this link and then read this news.
The Delhi Metro has earned? 19.5 crore from the sale of 3.55 million carbon credits collected over a period of six years from 2012 to 2018, in its bid towards gaining greater energy efficiency.
In 2007, Delhi Metro became the first Metro or Railway project in the world to be registered by the United Nations under the Clean Development Mechanism (CDM), which enabled it to claim carbon credits for its Regenerative Braking Project.
The CDM is a project-based Green House Gas (GHG) offset mechanism under the Kyoto Protocol allowing the public and private sectors in high-income nations the opportunity to purchase carbon credits from greenhouse gas emissions-reducing projects in low or middle-income nations as part of their efforts to meet international emissions targets under the Kyoto protocol, the DMRC said.
CDM projects generate emissions credits called Certified Emission Reductions (CERs), which are then bought and traded. One CER is equal to one ton of CO2(eq) emission reduced. The CDM helps to deliver sustainable development benefits to the host country.

Source: TH

Join Our Telegram

Punchhi Commission Report

E-pharmacies

08 Mar, 23
SHARE

E-pharmacies The Ministry of Health sent "show cause" letters to at least 20 businesses in February 2023 for online drug sales, including Tata-1mg, Flipkart, Apollo, PharmEasy, Amazon, and Reliance Netmeds. What is e-pharmacy? E-pharmacy refers to the purchasing and selling of drugs and other pharmaceutical products through a

Punchhi Commission Report

08 Mar, 23
SHARE

Punchhi Commission Report The Punchhi Commission's report on relations between the federal government and its constituent states will now be reviewed for state responses, according to the Union Ministry of Home Affairs (MHA). Historical Background: A Commission on Centre-State Relations was established by the Indian government,

Indo-German Relations

08 Mar, 23
SHARE

Indo-German Relations Olaf Scholz, the Chancellor of Germany, recently paid a bilateral visit to India. It is Scholz's first trip to India after taking office as German Chancellor in December 2021, ending Angela Merkel's illustrious 16-year reign. About the news: The visit of the German chancellor is significant because i

India Denmark Cooperation

07 Mar, 23
SHARE

India Denmark Cooperation During the "India-Denmark: Partners for Green and Sustainable Development Conference" in New Delhi, the Union Minister for Environment, Forests, and Climate Change said that India and Denmark can work together to show that reaching ambitious climate and sustainable energy targets is possible. Since the Gr

Mob lynching and Cow Vigilantism

07 Mar, 23
SHARE

Mob lynching and Cow Vigilantism The recent lynching and burning of two men in Haryana on the basis of allegations of unlawful cow slaughter, smuggling, or transportation bring attention to the problem of mob lynching. About cow vigilantism: Mob attacks carried out in the guise of "cow protection" primarily target Mus