Delhi Metro: World’s first rail project to be registered at UN under CDM Scheme

Delhi Metro Rail
India-based, Delhi Metro Rail Corporation (DMRC) has become the first railway project in the world to be registered at the UN under the clean development mechanism (CDM) scheme, enabling it to earn carbon credits.

Under the project, DMRC will earn Certified Emission Reductions (CERs) for use of regenerative braking system in its rolling stock (trains).

Railway officials explained that under the RBT system, whenever a train applies brake, the 30% of the energy released by it is conserved and is used by the train coming behind. The total amount of energy thus conserved can be converted into financial terms – CER.

Anuj Dayal, Chief Public Relation Officer, DMRC said, "This is the first time in the world that the United Nations Framework Convention on Climate Change (UNFCCC) has registered a project based on regenerative braking (RBT).”

It took over a year for DMRC to get itself registered as it had to go through several procedures. The entire project was carried out with the support of Japan Carbon Finance which provided $95,000, he added.

He further stated that, “DMRC can now claim 400,000 CERs for a 10-year crediting period beginning Dec 2007, when the project was registered by UNFCCC. This translates to Rs 1.2 crore per year for 10 years.”

The money from sale of CERs will be used to offset additional investment and operation costs incurred in implementing the project activity, to stimulate research and development to reduce emission of green house gases and to give extensive training to train operators for optimum regeneration, an official statement said.

Business News: 
Regions: