Clean development mechanism – an opportunity to mitigate carbon footprint from the energy sector of India
Clean development mechanism (CDM) was included in the Kyoto protocol to support sustainable development in developing countries through technology transfer from developed countries along with the mitigation of greenhouse gas emissions. More than 1000 projects which were registered under CDM from India in the United Nations Framework Convention on Climate Change have been reviewed. Through a CDM project, India as a developing country has enhanced the development of renewable energy projects with financial support through the sale of carbon credit. This note discusses the status and progress of CDM in India; the main finding is that CDM has significantly reduced the carbon footprint of the Indian energy sector.