Carbon Credit for using Solar Energy instead of Electricity

S

sarasheed

#1
Our Canteen prepares food for about 4000 people daily.We were using earlier Electricity for Food preparaton.Now we are using Solar Energy for this purpose.Can we claim for "Carbon Credit" for this purpose?.If so, who should be contacted in India?.

sarasheed
 
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D

Deedee

#2
I think it depends on your overall CO2 emissions but you probably can, try contacting your local state bodies & they could give you more information
 

harry

Trusted Information Resource
#3
RHB Bank, yesterday signed a Memorandum of Understanding (MoU) with Japan Bank for International Cooperation (JBIC) and Japan Carbon Finance Ltd (JCF), to offer carbon credit financing to Malaysian firms that wish to sell their carbon credits.

RHB Bank was represented by its Chairman, Datuk Azlan Zainol and its Chief Executive Officer, Michael J. Barrett, while JBIC by its Senior Executive Director, Fumio Hoshi, and JCF by its President, Hiromu Tanaka.

Carbon credits are points given for reducing pollution, measured in units of certified emission reductions (CERs). Each CER is equivalent to one tonne of carbon dioxide reduction. Under the Kyoto Protocol, countries which are signatories to the treaty, are committed to legally-binding targets, to limit or reduce their greenhouse gas emissions. Thus, developed industrialised countries, which are normally more polluted, are allowed to buy carbon credits from developing countries, to offset their carbon dioxide and greenhouse gas emissions. Hence, companies in developing countries, can maximize returns through the sale of these credits.

Under its carbon credit financing, RHB chairman, Datuk Azlan Zainol said, JBIC, via RHB, will fund projects undertaken by companies, to reduce greenhouse gas emissions. They will also sell their carbon emission rights to JCF or any other Japanese entity, under a proposed carbon credit-purchasing scheme. Both JCF and JBIC, are already trading carbon credits in the international market.

Malaysia currently has some 3,000 companies, mainly from the biodiesel, steel and waste management industries, which have the potential to sell carbon credits. For a start, RHB has identified 10 potential companies from the biodiesel and steel industries, for its carbon credit financing packages, ranging from RM30 million to RM450 million.

The bank's Japanese Business Executive Director, Akira Miyama said, the bank expects to secure 30 to 40 clients within two years as Malaysia is one of the most promising markets for Japan, in the trading of carbon credits.

The Minister of International Trade and Industry, Datuk Seri Rafidah Aziz, who officiated the event said, the use of renewable energy resources, such as palm biomass, is one of the key strategies promoted under the Ninth Malaysia Plan, and such projects are eligible for tax incentives.

Adapted from Business Times, Star Biz, 28 July 2006
Just noticed this piece of news. Carbon Credits are now tradable.
 
C

cheahga

#4
harry said:
Just noticed this piece of news. Carbon Credits are now tradable.
Hi Harry,

Thanks for the piece of valueable information.:applause:

Just wonder how do one validate the carbon unit and who will be the authorising body to so?
 
#5
Dear Sarasheed,

You may contact consultants like Ernst & Young for assisting you in your CDM (clean development mechanism) project. To me the type of project you refer to (changing electrical heating with solar heating for canteen purposes) is not attractive for a CDM project - even though in principle it is eligible for carbon credit, the transaction cost will be much more than what you get as carbon credit. Hence economically it may not be attractive. Since you are in Andhra Pradesh, please contact CII's Green Business Centre at Hyderabad; they will guide you on the subject.

with best regards,

Ramakrishnan
 
T

thinhthang82

#6
thank for what you present. Im live in Viet Nam and I'm interested in this problem, I've participated a workshop for CDM of APO, i thinhk that In Viet nam has potetiality because Viet Nam is agricultural country, Can you guide me how to achieve carbon credit and you can introduce some examples or steps of your company to implement Carbon Credit?
Again thank you very much.
 
#7
Hello Thinhthang82,

It may be useful to go through the CDM site of India (another developing country) to know what types of projects are accepted by the CDM authorities for Carbon Credit. Please visit: http://cdmindia.nic.in/. You have quite a few accepted CDM projects in this site.

With best regards,

Ramakrishnan
 

Kochharmeenakshi

Starting to get Involved
#8
I think it depends on your overall CO2 emissions but you probably can, try contacting your local state bodies & they could give you more information
How to calculate Co2 emission we are small trading house but out client in europe want Co2 ..... Any execl sheet is there....
 
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