New Delhi: Delhi Metro Rail Corporation (DMRC) has received Rs 19.5 Crore in six years from sales of 3.5 million carbon credits.
This credit is a certificate that can be traded, which allows DMRC to sell credit obtained from greenhouse gas emissions reduction projects (GHG) to other organizations, which need to compensate for their GHG emissions.
Anuj Dayal, executive director (corporate communication), DMRC, said that Delhi Metro became the first Metro or train project in the world registered by the United Nations under the Net Development Mechanism (CDM) in 2007, which allowed DMRC to claim carbon.
Credit for the regenerative braking project.
“CDM is a project-based GHG offset mechanism under the Kyoto protocol that enables the public and private sector in high-income countries the opportunity to buy carbon credits from GHG emissions reduction projects in low or medium-income countries as part of their efforts to Meet international emissions targets under the protocol, “Dayal said.
3.5 million carbon credit was collected for six years from 2012 to 2018.
“DMRC has become a pioneer in India in measuring the benefits of climate change from its operations.
It has a number of specific projects for credit oriented to energy efficiency,” he said.
Dayal said that the CDM project produced emissions loans called a certified emission reduction, which was then purchased and traded.