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It is an arrangement under the Kyoto Protocol allowing industrialized countries with a GHG reduction commitment (called Annex 1 countries) to invest in projects that reduce emissions in developing countries as an alternative to more expensive emission reductions in their own countries. The most important factor of a carbon project is that it’s establishment would not have occurred without the additional incentive provided by emission reductions credits. Under the Clean Development Mechanism Services (CDM) a developed country can 'sponsor' a greenhouse gas reduction project in a developing country where the cost of greenhouse gas reduction project activities is usually much lower, but the atmospheric effect is globally equivalent. The developed country would be given credits for meeting its emission reduction targets, while the developing country would receive investment and clean technology or beneficial change in land use. Carbon Credit It is a permit that allows the holder to emit one ton of carbon dioxide. Credits are awarded to countries or groups that have reduced their greenhouse gases below their emission quota. The carbon credit system was ratified in conjunction with the Kyoto Protocol. Its goal is to stop the increase of carbon dioxide emissions. For example, if an environmentalist group plants enough trees to reduce emissions by one ton, the group will be awarded a credit. If a steel producer has an emissions quota of 10 tons, but is expecting to produce 11 tons, it could purchase this carbon credit from the environmental group. The carbon credit system looks to reduce emissions by having countries honor their emission quotas and offer incentives for being below them. Role of GK Energy Marketers Pvt Ltd. Since every end-user/agent/manufacturer can’t go independently, due to involvement of many parties (like MOEF, UNFCCC, Buyer, International Validating and verification agency), Huge expenses, Documentation, procedural part. Due to this it require a separate organization having expertise with proper tie-up nationally and internationally. Here we come in a picture to do this all. Here we are going to do all the above procedure at our end so that you don’t have any kind of trouble about fulfilling the procedure. Procedure of CDM project Registration (With Us)Contract/Agreement. (With Us)Host Country ApprovalValidationUNFCCC RegistrationVerificationIssuance of Credit Moreover, our CDM Services are best appreciated for their effectiveness and timeliness. We are tagged as one of the leading service providers of Solar CDM Project in India.
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