News Article
Carbon credits project to generate renewable electricity
Cemtrex Inc. announced that it is currently involved in developing a small-scale 10MW captive renewable electricity project that is based on biomass fuel for abatement of carbon dioxide and reduction of greenhouse gases in northern India.
Cemtrex Inc. announced that it is currently involved in developing a small-scale 10MW captive renewable electricity project that is based on biomass fuel for abatement of carbon dioxide and reduction of greenhouse gases in northern India. This project would use certain agricultural waste as fuel in combination with fossil fuels to qualify under Category 1 of CDM-ACCR-06 guidelines for generation of carbon credits.
The company has set up a division for developing a portfolio of CDM (Clean Development Mechanism) projects for creating carbon credits. The company will offer services that include project design, engineering, procurement, finance, development, erection and startup of the turnkey project, including marketing of carbon credits or certified emission reductions (CERs).
The Clean Development Mechanism is one of the three so-called flexible mechanisms of the Kyoto Protocol. These mechanisms are designed to make it easier and cheaper for industrialised countries to meet the greenhouse gas (GHG) emission reduction targets that they agreed to under the Protocol. The CERs can be traded in tons of carbon dioxide equivalents by governments and companies in developed countries to meet their reduction commitments under the Kyoto Protocol.
The company has set up a division for developing a portfolio of CDM (Clean Development Mechanism) projects for creating carbon credits. The company will offer services that include project design, engineering, procurement, finance, development, erection and startup of the turnkey project, including marketing of carbon credits or certified emission reductions (CERs).
The Clean Development Mechanism is one of the three so-called flexible mechanisms of the Kyoto Protocol. These mechanisms are designed to make it easier and cheaper for industrialised countries to meet the greenhouse gas (GHG) emission reduction targets that they agreed to under the Protocol. The CERs can be traded in tons of carbon dioxide equivalents by governments and companies in developed countries to meet their reduction commitments under the Kyoto Protocol.
