Rat race
india is leading the race to get projects from industrialised countries to reduce emissions of greenhouse gases (ghgs). According to the latest statistics, India is hosting 11 out of the total 59 projects under the Clean Development Mechanism (cdm) of the Kyoto Protocol. Brazil, with 10 projects, is second. The Indian projects will result in emissions reductions equivalent to 37,729,208 tonnes of carbon dioxide by 2012.
Signed in 1997, the protocol represents the international effort to curb emissions of heat-trapping gases like carbon dioxide. It directs industrialised countries, mainly responsible for letting out these gases in the atmosphere, to cut ghg emissions by about five per cent of the 1990 levels. Under cdm, industrialised countries can cheaply reduce their emissions by investing in
Related Content
- Climate change performance index 2024
- Making finance consistent with climate goals?: taking stock of the financial sector’s climate related investment commitments
- Integrity matters: net zero commitments by businesses, financial institutions, cities and regions
- Securing clean energy technology supply chains
- Everyday stories of climate change
- Mine 2022: a critical transition