Delhi Metro is first rail project to earn carbon credits
The Delhi Metro Rail Corporation (DMRC) has become the first railway project in the world to earn carbon credit.
By TNN |
NEW DELHI: The Delhi Metro Rail Corporation (DMRC) has become the first railway project in the world to earn carbon credit. United Nations has registered the metro under the Clean Development Mechanism (CDM), enabling it to claim carbon credits. Under the project, DMRC will earn Certified Emission Reductions (CERs) for use of regenerative braking system in its rolling stock (trains).
“This is also the first Japan Bank for International Cooperation (JBIC)-funded official development assistance (ODA) loan project in the mass rapid transit sector to be able to claim carbon credits,” DMRC chief PRO Anuj Dayal said. DMRC can claim 400,000 CERs for a 10-year crediting period beginning Dec 2007. This translates to Rs 1.2 crore per year for 10 years. The money from sale of CERs will be used to offset the additional investment and operation costs.
“It took over a year for DMRC to get itself registered as it had to go through several procedures. The entire project was carried out with the support of Japan Carbon Finance which provided $95,000,” Mr Dayal said.
DMRC is also working on a project to claim carbon credits for the modal shift of commuters from buses/cars to the metro as tail-end emissions of such vehicles contribute to global warming.
“This is also the first Japan Bank for International Cooperation (JBIC)-funded official development assistance (ODA) loan project in the mass rapid transit sector to be able to claim carbon credits,” DMRC chief PRO Anuj Dayal said. DMRC can claim 400,000 CERs for a 10-year crediting period beginning Dec 2007. This translates to Rs 1.2 crore per year for 10 years. The money from sale of CERs will be used to offset the additional investment and operation costs.
“It took over a year for DMRC to get itself registered as it had to go through several procedures. The entire project was carried out with the support of Japan Carbon Finance which provided $95,000,” Mr Dayal said.
DMRC is also working on a project to claim carbon credits for the modal shift of commuters from buses/cars to the metro as tail-end emissions of such vehicles contribute to global warming.
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