Delhi Metro earns ₹19.5 crore by selling 3.55 million carbon credits

By Hindustan Times

The Delhi Metro Rail Corporation (DMRC) has earned ₹19.5 crore from the sale of the 3.55 million carbon credits that it collected over a period of six years (2012-18) by investing in clean development mechanism projects.

Delhi Metro has registered four of its projects with United Nations Framework Convention on Climate Change (UNFCC). The projects are: regenerative braking, Modal Shift, MRTS Program of Activities and solar project.

Anuj Dayal, executive director, corporate communications, DMRC said, “All these projects are first of their kind in the world. Delhi Metro is the first Metro or railway project in the world to be registered by the United Nations under the Clean Development Mechanism (CDM) to claim carbon credits for its Regenerative Braking Project in 2007.”

The CDM is a project-based Green House Gas (GHG) offset mechanism under the Kyoto Protocol, allowing the public and private sector in high-income nations the opportunity to purchase carbon credits from greenhouse gas emissions-reducing projects in low or middle-income nations as part of their efforts to meet international emissions targets under the Kyoto protocol.

Hindustan Times
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