CARBON TRADING OR CLEAN DEVELOPMENT MECHANISM (CDM)

CARBON TRADING OR CLEAN DEVELOPMENT MECHANISM (CDM)

Solar cooking system at Sringeri Math helps save 27,500 liter of diesel a year. Using clean technology like solar energy at minimal cost to feed thousands of people every day these institutions are saving money they would have spent on tones of diesel or thousands of LPG cylinders and at the same time reducing emissions that cause global warming.

Carbon trading allows these institutes to buy solar and biomass based kitchen and claim carbon credits.

Here how it works. The Kyoto protocol for climate change sets specific targets for developed countries to reduce their carbon emissions. Since cutting down emissions can be costly for them, many of them avail the option of providing clean technology to entities in developing countries to meet the targets.

So, entities in India etc can switch to cleaner technologies and have the developed countries pick up the tab. While these entities get clean technology, the developed countries get catrrbon credits in the process.

IDEAAS:

1. Solar Kitchens
2. Bio Mass Based Kitchen Stoves ( Agro Based Fuel – BIO ENERGY )

Solar cooking system at Sringeri Math helps save 27,500 liter of diesel a year. Using clean technology like solar energy at minimal cost to feed thousands of people every day these institutions are saving money they would have spent on tones of diesel or thousands of LPG cylinders and at the same time reducing emissions that cause global warming.

Carbon trading allows these institutes to buy solar and biomass based kitchen and claim carbon credits.

Here how it works. The Kyoto protocol for climate change sets specific targets for developed countries to reduce their carbon emissions. Since cutting down emissions can be costly for them, many of them avail the option of providing clean technology to entities in developing countries to meet the targets.

So, entities in India etc can switch to cleaner technologies and have the developed countries pick up the tab. While these entities get clean technology, the developed countries get catrrbon credits in the process.

IDEAAS:

1. Solar Kitchens
2. Bio Mass Based Kitchen Stoves ( Agro Based Fuel – BIO ENERGY )