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‘Carbon Bazar 2010′ which is an Indo-German initiative to help organizations participate in Clean Development Mechanism (CDM) targeting Small and Medium Enterprises (SMEs) will begin in New Delhi in the coming few days. This program will help these enterprises to earn carbon credits by investing in clean development mechanisms. A senior environmental activist said “So far CDM investment has been limited to the mega projects in the country while SMEs have been neglected because of their financial constraints”. Such kind of a program for SMEs make all the more sense as these organizations are known to consume energy voraciously and as a result generate wastes and by-products in a significant quantity. It is an almost urgent necessity that they become energy efficient.
SMEs have found it increasingly difficult to participate in CDM initiatives in the first commitment period of the Kyoto Protocol and receiving benefits and funds from foreign investment institutions. Even technology transfers which might have helped them in this cause did not seem to come along. But as more and more entrepreneurs jump onto the SME bandwagon, they cannot be left out any longer as they are vital to the growth of economy. The two-day Carbon Bazaar which begins on 10th of May, will offer direct business-to-business meetings between SMEs and investors. It will also hold exhibitions showcasing the state-of-art technologies and stakeholders from across the world are expected to attend the mega event.
The CDM mechanism under the Kyoto Protocol mentions that rich nations can cut down on their green house gas emissions by investing in green projects taking shape in developing countries which allows the former to buy carbon credits generated by these projects. SMEs need out-of-the box solutions like grouping small projects together in order to access the CDM, supported by a clear policy framework adopted by the government. Public-private partnerships can definitely help in this regard.
The annual fair is being organized by the Indian Environment Ministry in collaboration with the German Federal Ministry for Environment, Nature conservation and Nuclear safety and GTZ Climate Change of India. To remind the readers, Kyoto Protocol in an international pact connected to the UN Framework Convention on Climate Change (NUFCCC) whose primary prerogative is to deal with global warming threats posed by green house gases in the atmosphere.