Public sector should contribute more in CDM project

According to UNFCCC, India has 1603 CDM projects as on 16 May 2011, out of which 922 projects are in validation stage, 645 projects are already registered, and another 36 are at various stages of registration. India has more unilateral projects than bilateral ones (involvement of another party other than the owner). There are 1172 unilateral and 431 bilateral projects. Out of total 645 registered projects, 93,834 kCERs (Carbon Emission Reduction certificates, in 000) were issued from 261 projects. Majority of these registered projects are from corporate sector. Public sector participation is minimal. More than 98% CERs are issued to corporate sector.

Please see in attached file, Table-1: Share of CDM projects in Public and Private

Comparing different states of India, the number of CDM projects is highest in Tamil Nadu (262), followed by Maharashtra (231), Karnataka (190), Gujarat (185), and Rajasthan (142). Out of 28 states, North Eastern states of Manipur, Mizoram, and Nagaland are still the non-participants. The country's maximum number of wind projects comes from Tamil Nadu. In Maharashtra, nearly 50% projects are from wind energy. In Karnataka, Energy Efficiency (EE) contributed maximum followed by wind and biomass. Highest number of Biomass projects (54) are from UP. In Gujarat, major projects are of EE, followed by Fossil fuel, and HFC. More than 60% of projects from Rajasthan are of wind energy. More than 80% projects from Himachal Pradesh are hydro (57). Major sector in West Bengal is EE.

Please see in attached file, Table-2: Leading sectors in Indian CDM Bazzar

Gujarat Flurochemicals Ltd. (GFL) received 29,782 kCERs from two HFC projects. Jindal received 7,347 kCERs from two of its EE projects. In essence, the corporate sectors dominate CDM market. Biogas sector is the only sector where PSU contributed the most compared to other sectors.