NCCSAS Blog

via Red, Green, and Blue by Mridul Chadha on 11/8/09

Full Article: http://redgreenandblue.org/2009/11/08/india-to-launch-trading-of-energy-efficient-certificates-for-energy-intensive-industries/

• Trading could start as early as April 2010.
• Would save 10,000 MW per year.
• Aimed at reducing energy use by 7 to 8 percent.

In a bid to clarify its official stance and pressurize the developed countries ahead of the next month’s Copenhagen climate talks the Indian Prime Minister announced ambitious domestic mitigation measures while meeting with EU representatives in New Delhi. The measures include new and tougher efficiency standards for industries and incentives to encourage clean industrial practices.

The move is widely seen as a pressure tactic as India will oppose all demands for accepting mandatory emission reduction targets at the Copenhagen talks. With developed countries still struggling to come up with substantial measures, India’s announcement has added fire power to the developing countries stance.

Read more of this story and post your comments below.