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UNDP lauds reduction of pollution in Capital

By Our Staff Correspondent

NEW DELHI NOV. 7. The United Nations Development Programme (UNDP) has appreciated the steps taken by the Government to reduce the pollution levels in the National Capital region of Delhi.

Speaking at an international conference on "Climate Change and the Financial Sector'' here today, the UNDP resident representative, Maxine Olson, said that this had been made possible because of a "dynamic partnership between the civil society, private sector and the state''.

She said the UNDP was exploring an initiative for market transformation in the refrigeration sector with the Bureau of Energy Efficiency and private manufacturers. It is also working with the smaller manufacturers for the phasing out of CFCs and assisting in the demonstration of different state-of-the-art waste to energy technologies in paper mills, slaughter houses and other agriculture and food processing sectors in the country. "Turning waste into resource is one of the great challenges of the 21st century,'' she said.

Earlier inaugurating the conference, the Union Environment and Forests Minister, T.R.Baalu, stressed the need for strengthening the capacity of Indian stakeholders for benefiting from opportunities offered by Clean Development Mechanism (CDM) projects. He said the financial sector should be aware and conscious of the opportunities available in the green house gas mitigation sectors.

"The CDM has a significant potential to help developing countries like India address their sustainable development priorities. Though the Kyoto Protocol has not come into force, CDM activities around the world are moving from policy to implementation. The Marrakesh Accord calls for a prompt start for the CDM and encourages small-scale renewable energy and energy efficient projects through fast-track procedures,'' he said.

The two-day conference has been organised by the Federation of Indian Chamber of Commerce (FICCI) with focus on the role of the financial sector in climate change and Green House Gas reduction projects, the existing carbon funds and credit facilities operational worldwide and how the industry could leverage funds for reducing their green house gas emissions.

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