CDM and Carbon Trading Opportunities - CMA Workshop/Seminar

In October and November 2005

BRIEF SUMMARY


There are palpable developments in several sectors of industry and economy in developing CDM-Based Projects and their registration with the Designated National Authority (DNA), i.e., the MoEF and further forwarding to the CDM-Board for validation. The proposer and developers are eager to beat the deadline of 31st December 2005 to get the benefit of CER (Certified Emission Reduction) for related projects and activities, which started on or after January 2000. A few major Indian Cement companies have also got their projects approved by the DNA and forwarded to the CDM - Board (through the DNA) for validation. By any reckoning there are opportunities galore for our cement industry to avail of this fast emerging opportunity. This has been further enhanced by approval of 3 more Methodologies by the Methodology Panel of the CDM-Board as late as on 30th September 2003. These relate to (a) Higher ratio (sectorally) of additive in blended cement, (b) use of alternate and waste derived fuels as substitute of conventional fuel, and (c) waste heat based cogeneration. Obviously, these new approvals have opened up an ocean of opportunities for our industry. However, the industry has yet to come up in a big way with projects, notwithstanding the fact that most cement plants have areas of technological improvement through CDM route with simultaneous financial benefits. Even the World Bank-Washington, USA felt the potential of cement industry and had approached CMA for joint promotional activities.

CMA has been taking a highly proactive role for creating awareness among Member Companies about CDM and facilitating participation in Carbon Trading opportunities. The major activities conducted do far are:

  1. Workshop on "CDM and Carbon Trading Opportunities" organised jointly by CMA and CDM -India on 6th October 2005 at India International Centre, New Delhi. 56 delegates attended the Workshop and the distinguished faculty included Members from CDM-Board and its Methodology Panel.
  2. A presentation before the Members of the High Power Committee of CMA on 27 October, 2005 at Mumbai on the topic "CDM and Carbon Trading Opportunities for Cement Industry". The presentation sparked off an abiding interest among members in the procedures and methodologies for participation in the process.
  3. A Special Lecture delivered on 9th November, 2005 by Dr. S P. Ghosh in the NCB International Seminar on Cement and Building Materials (November 08-11 at Ashok Hotel, New Delhi) on the topic "CDM and Carbon Trading Opportunities for Cement Industry". More than 200 delegates from the industry, advanced machinery manufacturers, consultants, research institutions and other agencies.
  4. In collaboration with World Bank, CMA had organised 2 Workshops at Chennai (16 November, 2005) and Delhi (18 November, 2005) on "Carbon Finance Project Development in Cement Sector".

The present scenario in India is highly confusing with a large number of industries in search of express service facility on CDM project development and processing procedures. Most consultants are availing of the "opportunity cost" in a high-demand Market and ask for a king's ransom as fee, without any guarantee of getting the projects validated and earning the CER.

CMA has therefore come forward to help our industry. We have tied up with CDM-India and World Bank -Carbon Finance Business Development Unit (WB-CFBU) for project development and approval from DNA and for validation with the CDM-Board. The consultancy fee for availing this service will be very reasonable in comparison to the rates charged by reputed Consultants.

Members interested to avail of this service may please contact CMA.