Electricity shortages are among the biggest barriers to South Asia’s development. Some 255 million people—more than a quarter of the world’s off-grid population—live in South Asia, and millions of households and firms that are connected experience frequent and long hours of blackouts.
The CDM has by now become an established mechanism for crediting climate friendly projects. Projects involving displacement or saving of grid electricity must calculate their emission reductions based on a grid emission factor, which needs to be determined in accordance with the rules set by the CDM Executive Board.
The High-Level Empowered Committee (HLEC) set up under the chairmanship of the Cabinet Secretary to provide long-term solutions for stressed assets in the power sector has suggested pit-stop measures to address immediate issues.