CLEAN DEVELOPMENT MECHANISM- AN OVERVIEW FOR INDIAN SCENARIO AND A CASE STUDY OF ROAD TRANSPORTATION SECTOR, DELHIPRAMOD KUMAR AND N.C. GUPTA*
India is expected to capture between 20 to 30 per cent of the CDM market, bringing in up to US $300 million in revenue. Several favorable enabling factors have contributed to India's preeminent position in the CDM market such as good technical base and a pro-active national CDM authority. Projects in renewable energy, improved industrial efficiency and industrial processes, fuel switching and municipal solid waste disposal can offer the greatest potential for CDM. Greenhouse gas emissions in developing countries are increasing more rapidly in the transportation sector. Even people with low income are meeting their need for mobility, and projected income growth over the next two decades suggests that many more will acquire personal modes of transport in future. How would this affect the earth's climate is a great concern. According to World Bank and Asian Development Bank joint study of air pollution for 20 major Asian cities between 2000 and 2003 Delhi is also one of the most polluted city of the Asia. Delhi faces the same transportation, economic, and environmental challenges like other metropolice of the world.
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