CDM implementation in India: the national strategy study

This study builds upon the considerable body of existing knowledge on the subject, and focuses more on facilitating the operationalization of the Clean Development Mechanism (CDM) in India through strategic analysis, capacity building, and development of CDM projects. It examines the international demand for certified emission reductions, the supply potential from India, and the application of CDM methodologies in the Indian context by developing projects of the GHG emission reductions and their costs at the project, sectoral and national level as also the dynamics in the international market for offsets. A National Strategy Study (NSS) on CDM has been initiated in India to assess the issues and opportunities presented by potential international markets for greenhouse gases (GHG) offset through the CDM, and to evaluate processes and methodologies to facilitate implementation of CDM in India. The study will be conducted by TERI, New Delhi, with Swiss consultants providing inputs as required. The study will also identify key institutional, legal, financial and regulatory prerequisites to facilitate the development and implementation of CDM projects and build human and institutional capacity to identify, develop, implement, and process CDM projects in India. The main output of the NSS will be the development of a national strategy for India to participate in the global efforts to reduce GHG emissions, utilizing this market mechanism as defined under the Kyoto Protocol. The study is being formally launched on October 21, 2003 by the Honble Minister for Environment and Forests, Government of India, Thiru T. R. Baalu. It will be followed by a public workshop on October 21-22, 2003.