Monday, 5 January 2015

New Delhi: The Delhi Metro Rail Corporation has been registered as the world’s first transport sector project under the Programme of Activities (PoA) of the United Nations Framework Convention on Climate Change, enabling it to quantify climate change benefit from all metro operations in India, a statement said.

The move will also facilitate the fast-tracking of Clean Development Mechanism registration of all upcoming rail based metro projects in the country which will entitle them to carbon credits for the extent of reduction in carbon emissions, which could be traded in the international carbon market for money.

PoA is a UN-mandated mechanism which allows similar carbon credit projects to be clubbed together that can be operated and managed under a single umbrella.

“Thus, for claiming carbon credits in future, DMRC will be the managing entity for all other metros of India under the (PoA) mechanism which will also facilitate fast-tracking of their CDM registration,” a DMRC spokesperson said.

Source: Rail News


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