Clean Development Mechanism as a Key to Sustainability

6 Pages Posted: 20 Aug 2014

See all articles by Shruthi Dattatreya

Shruthi Dattatreya

Government first grade college for women krnagar

Sandeep K.

Pooja Bhagavat Memorial Mahajana Post Graduate Center

Date Written: August 5, 2014

Abstract

Kyoto protocol market mechanism has provided an opportunity for India to achieve its sustainable development through clean development mechanism and selling carbon credit. The prescribed paper deals with bilateral project of DMRC metro rail where Japan to meet its Kyoto requirement, financed the project and provided technology for carbon credits. The project has contributed to economic and sustainable development in India and is one of the 5 metro rails which are earning profits.

Introduction:

The kyoto Protocol allows for several "flexible mechanisms", such as emissions trading, the Clean Development Mechanism (CDM) and joint implementation to allow Annex I countries to meet their GHG emission limitations. They purchase GHG emission reductions credits from elsewhere through financial exchanges, projects that reduce emissions in non-Annex I countries, from other Annex I countries, or from Annex I countries with excess allowances.

JEL Classification: F00

Suggested Citation

Dattatreya, Shruthi and K., Sandeep, Clean Development Mechanism as a Key to Sustainability (August 5, 2014). Available at SSRN: https://ssrn.com/abstract=2476213 or http://dx.doi.org/10.2139/ssrn.2476213

Shruthi Dattatreya (Contact Author)

Government first grade college for women krnagar ( email )

Sandeep K.

Pooja Bhagavat Memorial Mahajana Post Graduate Center ( email )

K.R.S. Road
Metagalli
Mysore - 16, 570017
India

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