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Allegation on Carbon Credits Earned by Indian Companies

On, The Executive Board of Clean Development Mechanism (CDM) had considered a proposal to stop issuance of Certified Emission Reductions (CERs) and withhold further approval of CDM projects relating to destruction of Hydro Flouro Carbons-23 (HFC-23) gas until the methodology of such projects is revised. This action has been taken after representation of a non-governmental organisation based in Europe. There are five units in India producing Hydro Chloro Flouro Carbons – 22 (HCFC-22) gas, which are eligible for CERs. HFC-23 gas is produced as a bye-product in course of producing the HCFC-22.

India considers such steps to be violative of the rights and obligations of parties under the Kyoto Protocol and has lodged formal protest with the United Nations Framework Convention on Climate Change Secretariat.

This information was given by the Minister of State for Environment and Forests (independent charge) Shrimati Jayanthi Natarajan in a written reply to a question by Shri Vijay Jawaharlal Darda in Rajya Sabha today.

One comment

  1. “India considers such steps to be violative of the rights and obligations of parties under the Kyoto Protocol and has lodged formal protest with the United Nations Framework Convention on Climate Change Secretariat.”

    While in letter it may be so, but this was bound to happen – given the way EU has been looking at HFC carbon credits. Instead of trying to change the way HFC carbon credits will be treated by EU, India should have looked at taxing the gains from HFC type of carbon credits, the way China did.

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