Monday, Apr 04, 2005
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Advts: Classifieds | Employment | New Delhi
By Gaurav Vivek Bhatnagar
NEW DELHI, APRIL 3. The Delhi Metro Rail Corporation is now busy preparing a tender through which would sell the "carbon credits" accumulated by it by adopting environmentally friendly construction techniques. And though small, the amount of money it is expected to earn from the sale of these brownie points is still nearly Rs. 5 crores, the Managing Director, E. Sreedharan, said. Most of the carbon credits have been accumulated by DMRC by substituting 30 per cent of its cement requirement on the underground Metro corridor with fly ash. Since cement emits carbon dioxide equivalent to its own weight, this drastically cuts down on emissions of the gas and thus the environment-friendly move earned the Corporation "carbon credits" which it can now sell to foreign buyers under the Clean Development Mechanism laid down by the Kyoto Protocol to the United Nations Framework Convention on Climate Change. Incidentally, DMRC had first garnered carbon credits while taking a number of environmentally sound steps in order to get the ISO 14001 certification for its Metro section. Besides planting 10 saplings for every tree cut, it had taken to substituting 30 per cent of cement with fly ash as this not only saved it a lot of money but also assisted in safe disposal of fly ash, which was brought in from the Badarpur Thermal Power Station dumping site in South Delhi. Incidentally, while DMRC is planning sale of points accumulated till now, there is a great scope for it to earn more points as till now only 30 per cent fly ash is being used with cement as per the Central Public Works Department guidelines. However, as fly ash has been found to be extremely good as a construction material when its percentage is between 50 and 60 per cent, there is scope for its greater use in construction activity and thus earning of carbon credits and consequently more money. Also, as Mr Sreedhraran said, the price of the carbon credits keeps fluctuating. And considering that developed nations that emit huge quantities of green house gases, like carbon dioxide, have to buy carbon credits accumulated by the third world countries to make up for the environmental damage caused by them, it seems the demand for such credits will only grow resulting in firming up of their price and thereby fetching developing countries like India more money under Article 3(12) of the Kyoto Protocol.
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