| India is a competitive supplier
for cost-effective GHG offset projects. Recognizing the possible
benefits derived from such investment flows to India, the government
has placed the CDM at the top of its climate change agenda.
The designated national authority (DNA) for CDM projects from
India has been set up in the Ministry of Environment and Forests
(MoEF).
India offers a large potential for the Clean Development
Mechanism (CDM) because of India's inherent dependence on
fossil fuels for development, as well as its proactive government
and the enabling environment recently put in place. Indeed,
India is the most favoured destination for CDM projects globally.
The government of India has submitted a comprehensive national
GHG inventory as part of its first national communication
(NATCOM) to the United Nations Framework Convention on Climate
Change (UNFCCC).
Although there are varying estimates of the potential for
CDM projects in India, it is roughly estimated to be in the
range of about 300 million tonnes of CO2 equivalent, including
90 million tonnes from renewable energy sources alone. In
this section, a brief description of the important end-use
sectors/areas are presented where significant potential exists
in terms of improvement in both local as well as global emissions.
The various end-use segments discussed in this context are
power; (2) industrial sector energy efficiency (including
small-scale industries); (3) industrial cogeneration; (4)
transport; (5) renewable energy; (6) agriculture and livestock;
(7) municipal solid waste; and (8) land use, land-use change,
and forestry (LULUCF).
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