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The Delhi Metro has earned Rs 19.5 crore from sale of 3.55 million carbon credits which it had collected over a period of six years, in its bid towards gaining greater energy efficiency.
About the News
What is Clean Development Mechanism?
What have been the Benefits of CDM so far?
India and Clean Development Mechanism: Status of India
CDM projects are not without their controversies. Concerns Related to CDM
Conclusion: As global climate action shifts epochs — from the Kyoto Protocol regime, where only developed countries (excluding the US, which opted out) undertook emission reduction commitments, to the Paris Agreement regime, where all countries are bound by their own voluntary commitments, called the Nationally Determined Contributions, or NDCs — the horns of the dilemma are whether or not to allow the offsets accumulated under the Kyoto regime to continue into the Paris regime.
Question: Discuss the Clean Development Mechanism and its benefits. What have been the major concerns w.r.t. this mechanism?
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