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Clean Development Mechanism

Clean Development Mechanism

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Published by rsrajiv
CDM is a huge business opportunity for CA profession in 2009 and in future.
In India there is huge initiative by govt. of India to avail carbon credits.
CA professional can gain good business and consulting opportunity by following ways:

1. Working in areas of deciding and implementing policy initiative
2. CDM Procedures implementation consultancy.
CA can help to adopt the green business by creating sustainable business practice
CDM is a huge business opportunity for CA profession in 2009 and in future.
In India there is huge initiative by govt. of India to avail carbon credits.
CA professional can gain good business and consulting opportunity by following ways:

1. Working in areas of deciding and implementing policy initiative
2. CDM Procedures implementation consultancy.
CA can help to adopt the green business by creating sustainable business practice

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Published by: rsrajiv on Mar 15, 2009
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07/24/2010

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CLEAN DEVELOPMENT MECHANISM – A BOON TO CA PROFESSION
CDM is a huge business opportunity for CA profession in 2009 and in future.In India there is huge initiative by govt. of India to avail carbon credits.CA professional can gain good business and consulting opportunity by following ways:1.
Working in areas of deciding and implementing policy initiative
in reducingGHG emissions and thus combating climate change impacts include:a.Electricity Act. 2003, which promotes cogeneration and generation of electricity from renewable sources of energy. Promotes captive power. b.Energy Conservation Act 2001.c.Energy Conservation Building codes.d.Renewable Energy Act, which is under. Preparation.e.Ratification of Kyoto Protocol.f.Involvement in Asia-Pacific Partnership on Clean Development.2.
CDM Procedures implementation consultancy.
Clean Development Mechanism (CDM) allows industrialized/developed countriesto invest in emission reduction projects in developing countries that assist thedeveloping countries in achieving sustainable development, and that generateCertified Emission Reductions (CER) for use by the investing countries or companies against their own emissions limitation targets.As per the Kyoto Protocol, some of the sectors, investments in which may qualifyfor CDM credits, are:a.Energy {including renewable energy projects (Wind, Biomass, Hyde),energy efficiency improvement projects} b.Industrial Processes.c.Solvent and other product use.d.Agriculture (enteric fermentation, manure management, rice cultivation)e.Waste (solid waste disposal on land, wastewater handing, wasteincineration, other)f.Land use, land –use change and forestry (a forestation, reforestation
 
The following chart depicts the entire process of CDM cycle till the issuance andtransaction of CERs.I
Project Implementation
a. Project identification. b. Project Constructionc. Project OperationII
Kyoto Approvals
a.CDM Documentation (PIN and PDD) and Methodology development b.Validation by DOE/and Endorsement by DNAc.Registration with UNFCCCd.Generation of carbon creditse.Verification/certification by DOEf.UNFCCC/EB Issues CERs.III
CER Transaction
a.CDM Project Promoter. b.ERPAc.Buyer of CE
PIN : Project Identification Note
PDD : Project Design Document.
ERPA: Emission Reduction Purchase Agreement.
DOE: Designated Operational Entity.
DNA: Designated National Authority.3. CA can help to adopt the green business by creating sustainable businesspractice:
By measuring bottom line returns by reducing wastage and lowering the costof energy consumption. The secret behind any successful company depends on bothcreating shareholder value and operating responsibly. Today, the competitive advantageof any business organization is directly linked to its efficiency in terms of consumption of limited resources, less pollution and higher quality products. Going forward, the purposeof any business should be to adopt sustainable practices more than generating short-term
 
shareholder value. These practices include building trust among the public andmaintaining a healthy environment in which to do business.A C.A. can advised business in following green areas which will lead to:a.
Cost savings
: Implementing the programs waste reduction and energyconservation measures can save money. b.
Market exposure
: The Green Business Partnership will be promoted through amarketing plan that includes advertisements and news releases in the local media.c.
Increased sales
: Businesses with green ethics can use this distinction to achievea marketing edge over the competition b offering customers moreenvironmentally-sound alternatives.d.
Green business partnership directory
: Certified business will be listed in anonline directory that will give consumers the opportunity to patronizes business,demonstrating there commitment to the environmente.
Healthy work environment
: Implementing many of the program standards willcreate a safer, healthier working environment.f.
Increased productivity
: Caring about employee well-being can improve moraleand increase productivity.4.
Carbon credit trading
is the new buzz word which allows trading in CER unitsgenerated over deferent stock exchanges in world like:g.Chicago Climate Exchange USA.h.Sydney Climate Exchange Australia.i.MCDEX India j.Singapore Climate Exchange Singapore._______________________________________________________________________ 
Contributed by C.A. Vikas Kumar
email -info@onlinecarbonfinance.comFor more articles on clean development mechanism(CDM) visit -http://www.onlinecarbonfinance.com/

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