New Delhi: Delhi Metro has added another feather in its cap by becoming the first railway project in the world to be registered by the UN Framework Convention on Climate Change.
This feat would help financially by earning carbon credits, which is measured in terms of reduction of carbon dioxide by adequate measures.
According to Anuj Dayal, chief public relation officer, DMRC, “This is the first time in the world that the UNFCCC has registered a project based on regenerating braking technology (RBT)”.
The registration under the UNFCCC’s Clean Development Mechanism (CDM) will enable Delhi Metro Rail Corporation to claim carbon credits, Dayal said, adding DMRC will earn lakhs of rupees annually by converting energy into financial terms.
Under the RBT system, whenever a train applies brake, 30% of the energy released by it is conserved and used by the train coming behind.
The total amount of energy thus conserved can be converted into financial terms -- Certified Emission Reduction (CER).
“DMRC can now claim 400,000 CERs for a 10-year crediting period which translates to Rs1.2 crore per year for 10 years,” Dayal said.
“It took over a year for DMRC to get itself registered as it had to go through several procedures. The entire project was carried out with the support of Japan Carbon Finance Ltd which provided USD 95,000,” he said, adding Germany-based technical service provider TUV NORD validated the project on behalf of the UNFCCC.
TUV NORD submitted its reports in September 2007 after checking and verifying the DMRC’s claim of energy consumption.